ONLINE PUBLIC AUCTION PROCESS Sample Clauses

The ONLINE PUBLIC AUCTION PROCESS clause defines the procedures and rules governing the conduct of an auction held over the internet. It typically outlines how participants can register, place bids, and receive notifications about auction status, as well as the timing and method for closing the auction. This clause ensures transparency and fairness in the bidding process, providing a clear framework for both sellers and buyers to follow and reducing the risk of disputes or misunderstandings.
ONLINE PUBLIC AUCTION PROCESS. Bidders may browse through the PAH Website and select the properties they wish to bid online.
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ONLINE PUBLIC AUCTION PROCESS. 2.1. E-Bidders may browse through the PG ACT FAST AUCTION (SABAH) SDN. BHD. website and select the properties they wish to bid & click VIEW DETAIL to see more. 2.2. Bidders need to click REGISTRATION FOR ONLINE BIDDER button. 2.3. E-Bidders are required to agree and accept the PG ACT FAST AUCTION (SABAH) SDN. BHD. website Terms & Conditions before proceeding with the bid. 2.4. The Terms & Conditions shall be read together with all the Conditions of Sale attached to the Proclamation of Sale which is uploaded on the PG ACT FAST AUCTION (SABAH) SDN. BHD. website and shall be deemed to have been read and agreed upon by the E-Bidders prior to bidding. In the event of any inconsistency between the Terms & Conditions stated herein and the Conditions of Sale attached to the Proclamation of Sale. 2.5. E-Bidders must make deposit payment as required under the Conditions of Sale attached to Proclamation of Sale, i.e. 10% of the reserve price. Payment of the deposit must be made via local bank transfer to MALAYAN BANKING BERHAD in favor of PG ACT FAST AUCTION (SABAH) SDN. BHD. (BIDDER DEPOSIT) Account No: 5101 4363 7398. Evidence of the transfer must be uploaded and submitted at the time of registration. 2.6. E-Bidders are required to complete the registration process by inserting the relevant details and uploading the relevant documents including evidence of payment of the deposit onto the PG ACT FAST AUCTION (SABAH) SDN. BHD. website latest by 3.00 P.M, at least one (1) working day before the auction date. 2.7. Registration shall be subject to verification and approval of PG ACT FAST AUCTION (SABAH) SDN. BHD. website and subject further to deposit payment being cleared by the bank. Please take note that approval from PG ACT FAST AUCTION (SABAH) SDN. BHD administrator may take at least 1 working day and any improper, incomplete registration or late registration may be rejected at the sole discretion of the PG ACT FAST AUCTION (SABAH) SDN. BHD. website. Neither PG ACT FAST AUCTION (SABAH) SDN. BHD. website nor its agents and/or representatives bears any responsibility or assumes any liability in the event that the registration of a prospective E-Bidder is rejected and/or delayed for any reason whatsoever. In the event of the registration is rejected, the deposit paid (if cleared by the bank) shall be refunded to the same bank account from which the deposit transfer was made within two (3) working days. 2.8. After Online Registration done, bidder can view the status of...
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ONLINE PUBLIC AUCTION PROCESS. Bidders may browse through the EHSAN Website and select the properties they wish to bid online.
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ONLINE PUBLIC AUCTION PROCESS. Bidders may browse through the NCM website and select the properties the E-Bidders wish to bid.
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ONLINE PUBLIC AUCTION PROCESS. 3.1. E-Bidders may browse through the PALMA website and select the properties the E-Bidders wish to bid. 3.2. By proceeding with the bid in the Auction, the E-Bidders are deemed to have agreed and accepted the PALMA website Terms & Conditions. 3.3. The Terms & Conditions shall be read together with all the Conditions of Sale attached to the Proclamation of Sale which is u ploaded on the PALMA website and shall be deemed to have been read and agreed upon by the E-Bidders prior to bidding. In the event of any inconsistency between the Terms & Conditions stated herein and the Conditions of Sale attached to the Proclamation of Sale, the Conditions of Sale atta ched to the Proclamation of Sale shall prevail. 3.4. E-Bidders must make deposit payment as required under the Conditions of Sale attached to Proclamation of Sale, i.e. 5% of the r eserve price. Payment of the deposit must be made via local bank transfer to CIMB BANK BERHAD in favour of PALMA AUCTIONEERS SDN BHD (BIDDER DEPOSIT) Account No: 8010056646. Evidence of the transfer must be uploaded and submitted at the time of registration.
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ONLINE PUBLIC AUCTION PROCESS. 2.1. E-Bidders may browse through the EHSAN Website and select the properties they wish to bid online. 2.2. By proceeding with the bid in the Auction, the E-Bidders are deemed to have agreed and accepted the EHSAN Website Terms and Conditions. 2.3. The Terms and Conditions shall be read together and formed part of the Conditions of Sale attached to the Proclamation of Sale which is uploaded on EHSAN Website and shall be deemed to have been read and agreed upon by the registered E-Bidders prior to bidding. In the event of any inconsistency between the Online Terms and Conditions stated herein and the Conditions of Sale attached to the Proclamation of Sale, the Conditions of Sale attached to the Proclamation of Sale shall prevail. 2.4. E-Bidders must make a necessary deposit payment as required under the Conditions of Sale attached to the Proclamation of Sale i.e. 10% of the reserve price. Payment of the Required Deposit must be made via an local bank online transfer to Public Bank Berhad in favour of EHSAN AUCTIONEERS SDN. BHD. (
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ONLINE PUBLIC AUCTION PROCESS. 2.1. E-Bidders may browse through the PAH Website and select the properties they wish to bid online.
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ONLINE PUBLIC AUCTION PROCESS. 5.1. After registration as users of the Platform, the Users may browse through the Platform and select the properties that they wish to register as E-bidder and to bid. 5.2. By proceeding with the bid in the Auction, the E-bidders are deemed to have agreed and accepted the Terms & Conditions stated herein. 5.3. The Terms & Conditions stated herein shall be read together with all the Conditions of Sale attached to the Proclamation of Sale (“POS”) which is uploaded on the Platform and shall be deemed to have been read and agreed upon by the E-bidders prior to the bidding. In the event of any inconsistency between the Terms & Conditions stated herein and the Conditions of Sale attached to the POS, the Conditions of Sale attached to the POS shall prevail. 5.4. During the registration of the E-bidders, the E-bidders must make deposit payment as required under the Conditions of Sale attached to the POS (“the Deposit”). Payment of the Deposit can be made either via FPX (Financial Process Exchange) which is an online payment gateway that facilitates local interbank transfer of funds, OR through instant transfer from the E-bidders bank account to the Auctioneer’s bank account. Both the FPX and the Auctioneer’s account are available on the Platform. 5.5. The E-bidders are required to complete the registration of E-bidders process by inserting the relevant details and uploading the relevant documents to show evidence of payment as stated above onto the Platform and make the Deposit latest by 5pm on the day before the Auction date. 5.6. Registration shall be subject to verification and approval of the Platform and subject further to the Deposit’s clearance by the bank. Please take note that approval from the Platform’s administrator may take at least 1 working day and any registration that does not fulfil the terms and conditions herein may be rejected at the sole discretion of the Auctioneer. Neither the Platform, the Auctioneer nor its agents and/or representatives bear(s) any responsibility or assume(s) any liability in the event that the registration of a prospective E-bidder is rejected and/or delayed for any reason whatsoever. In the event the registration is rejected, the Deposit paid and received by the Auctioneer shall be refunded to the same bank account from which the Deposit transfer was made within THREE (3) working days. 5.7. Upon approval and verification by the Auctioneer and the Platform, and subject to the deposit payment being cleared by the bank, t...
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ONLINE PUBLIC AUCTION PROCESS. Bidders may browse through the PG Actfast website and select the properties the E-Bidders wish to bid.
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Related to ONLINE PUBLIC AUCTION PROCESS

  • POST ONLINE PUBLIC AUCTION PROCEDURES 4.1. Successful E-bidders shall and undertake to sign the Memorandum of Sale at the office of the Auctioneer within 3 working days from the date of auction, failing which the deposit paid will be forfeited to the Assignee bank and the sale will be deemed cancelled/terminated and the property may be put up again for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum of Sale for stamping and thereafter forward the same together with the required deposit paid under Clause 2.4 above and the differential sum paid under this clause (if any) to the Assignee bank. 4.2. Any successful E-bidder who is unable to attend to sign the Memorandum of Sale at the Auctioneer's office may do so by authorising another person to sign the same of his/her behalf by inserting the particulars of the authorised person and furnishing a copy of his/her identity card and also a Letter of Authorisation for this purpose. 4.3. In the event that there is inconsistency between the personal details and the documents uploaded in the PAH Website and the actual documents produced by the successful bidder, the Auctioneer shall have the right to refuse the successful bidder from signing the Memorandum of Sale and may at its discretion cancel the sale and proceed to put up property up for a new auction and the deposit paid shall be forfeited. 4.4. The Memorandum of Sale upon being signed by the Auctioneer, Solicitor for the Assignee bank and the successful Bidder/Authorised agent shall be conclusive evidence of the sale of the property to the successful bidder.

  • ONLINE PUBLIC AUCTION TERMS AND CONDITIONS The Terms and Conditions specified herein shall govern all users of ▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.▇▇. (PAH Website)

  • POST PUBLIC AUCTION 10.1. Successful E-Bidder are advised to sign the “Memorandum of Contract” and pay the 10% differential sum within 3 working days by attending to the Auctioneer’s office from the date of auction. Failing to do so will result in the 10% deposit to be forfeited to the Assignee/Bank and the auction shall be deemed cancelled. 10.2. Successful E-Bidder who are unable to sign the “Memorandum of Contract” at the Auctioneer’s office can authorize their agent to execute the procedure by submitting the following documents to the Auctioneer. 10.2.1. Copy of the agent’s Identity Documents (both sides) 10.2.2. Copy of the successful E-Bidder’s Identity Documents (both sides) 10.2.3. Copy of the Letter of Authorization (for individual) or certified true copy of the Board of Director’s Resolution (for company) authorizing such person to do so. 10.3. In the event of inconsistency in the details of the documents uploaded in the Auctioneer’s website and the actual documents of the successful E-Bidder, the Auctioneer has the right to cancel and terminate the sale and the 10% deposit shall be forfeited by the Assignee/Bank. The property shall be put up for sale again. 10.4. The “Memorandum of Contract” that is signed and stamped shall be collected by the successful E-Bidder or his agent at the Auctioneer office within seven (7) days after notification from the Auctioneer. If the E-Bidder fails to collect as aforesaid, the “Memorandum of Contract” shall be delivered by courier to the address of the successful E-Bidder and the Auctioneer shall be not responsible for the cost, expenses and loss arising thereof. 10.5. Balance of purchase price shall be settled within ninety (90) days from the date of auction sale by the successful E-Bidder