Common use of POST PUBLIC AUCTION Clause in Contracts

POST PUBLIC AUCTION. 10 .1 . Succ essful E- Bidder are ad vis ed to s ign the “ Mem orandum of Contrac t” and pay the 10 % differential s um within 3 working days by atten ding to the Auctioneer’s offic e f rom the date of auc tion. Failing to do s o will res ult in the 10 % depos it to be f orf eited to the Assignee/ Bank and the auc t ion s hall be deem ed c anc elled. 10 .2 . Succ essful E- Bidder who are unable to sign the “ Memorandum of Co ntract” at the Auctioneer’s offic e c an authorize their agent to execute the proc edure by s ubmitting the f ol lowing documents to the Auctioneer. 10 .2 .1 . Copy of the agent’s Identity Documents ( both sides ) 10 .2 .2 . Copy of the s ucc essful E - Bidder’s Identity Doc uments ( both sides) 10 .2 .3 . Copy of the Letter of Authorization ( f or individual ) or c ertified t rue c opy of the Board of Direc tor’s Res olution ( f o r company) authorizing such pers on to do s o. 10 .3 . In the event of inc ons istenc y in the details of the doc umen ts upload ed in the Auctioneer’s website and the actual doc uments of the s ucc essful E - Bidder, the Auctioneer has the r ight to c anc el and terminate the s ale and the 10 % depos it shall be f orf eited by the Ass ignee/ Bank. The property s hall be put up f or s ale ag ain. 10 .4 . The “ Memorandum of Contract” that is signed and stamped shall be c ollected by the succ essful E - Bidder or his agent at the Auctioneer offic e within s even ( 7) days af ter notific ation f rom the Auctioneer. If the E - Bidder f ails to c ollect as af ores aid, the “ Memorandum of Contrac t” shall be del ivered by c ourier to the address of the succ essful E - Bidder and the Auctioneer shall be not res ponsible f or the c ost, expens es and loss aris ing thereof. 10 .5 . Balanc e of purchas e pric x x xxxx be s ettled within ni nety ( 90) days f rom the date of auction s ale by the s uccessful E- Bidder

POST PUBLIC AUCTION. 10 .1 . Succ essful E- Bidder are ad vis ed to s ign the “ Mem orandum Memorandum of Contrac tContract” and pay the 10 % differential s um diff erential sum within 3 working days by atten ding attending to the Auctioneer’s offic e f rom the date of auc tion. Failing to do s o will res ult in the 10 % depos it to be f orf eited to the Assignee/ Bank and the auc t ion s hall be deem ed xxxx xx c anc elled. 10 .2 . Succ essful E- E - Bidder who are unable unabl e to sign the “ Memorandum of Co ntractContract” at the Auctioneer’s offic e c an authorize their agent to execute the proc edure by s ubmitting the f ol lowing documents to the Auctioneer. 10 .2 .1 . Copy of the agent’s Identity Documents ( both sides ) 10 .2 .2 . Copy of the s ucc essful E - E- Bidder’s Identity Doc uments ( both sides) 10 .2 .3 . Copy of the Letter of Authorization ( f or individual individual) or c ertified t rue true c opy of the Board of Direc tortor ’s Res olution ( f o r company) authorizing such pers on to do s o. 10 .3 . In the event of inc ons istenc y in the details of the doc umen ts uments upload ed in the Auctioneer’s website and the actual ac tual doc uments of the s ucc essful E - Bidder, the Auctioneer has the r ight to c anc el and terminate the s ale and the 10 % depos it shall be f orf eited by the Ass ignee/ Bank. The property prope rty s hall be put up f or s ale ag ainagain. 10 .4 . The “ Memorandum of Contract” that is signed and stamped shall be c ollected by the succ essful E - Bidder or his agent at the Auctioneer offic e within s even ( 77 ) days af ter after notific ation f rom the AuctioneerAuc tioneer. If the E - Bidder f ails ai ls to c ollect ollec t as af ores aid, the “ Memorandum of Contrac t” shall be del ivered by c ourier to the address of the succ essful E - Bidder and the Auctioneer shall be not res ponsible f or the c ost, expens es and loss aris ing thereof. 10 .5 . Balanc e of purchas e pric x x xxxx be s ettled within ni nety ( 90) days f rom the date of auction s ale by the s uccessful E- Bidder

POST PUBLIC AUCTION. 10 .1 . Succ essful E- Bidder are ad vis ed to s ign the “ Mem orandum Memorandum of Contrac tContract” and pay the 10 % differential s um diff erential sum within 3 working days by atten ding attending to the Auctioneer’s offic e f rom the date of auc tion. Failing to do s o will res ult in the 10 % depos it to be f orf eited to the Assignee/ Bank and the auc t ion s hall be deem ed xxxx xx c anc elledxxx xx. 10 .2 . Succ essful E- E - Bidder who are unable to sign the “ Memorandum of Co ntractContract” at the Auctioneer’s offic e c an authorize their agent to execute the proc edure by s ubmitting the f ol lowing documents to the Auctioneer. 10 .2 .1 . Copy of the agent’s Identity Documents ( both sides ) 10 .2 .2 . Copy of the s ucc essful E - Bidder’s Identity Doc uments ( both sides) 10 .2 .3 . Copy of the Letter of Authorization ( f or individual individual) or c ertified t rue true c opy of the Board of Direc tortor ’s Res olution ( f o r company) authorizing such pers on to t o do s o. 10 .3 . In the event of inc ons istenc y in the details of the doc umen ts uments upload ed in the Auctioneer’s website and the actual ac tual doc uments of the s ucc essful E - Bidder, the Auctioneer has the r ight to c anc el and terminate the s ale and the 10 % depos it shall be f orf eited by the Ass ignee/ Bank. The property s hall be put up f or s ale ag ainagain. 10 .4 . The “ Memorandum of Contract” that is signed and stamped shall be c ollected by the succ essful E - Bidder or his agent at the Auctioneer offic e within s even ( 77 ) days af ter notific after not if ic ation f rom the AuctioneerAuc tioneer. If the E - Bidder f ails ai ls to c ollect ollec t as af ores aid, the “ Memorandum of Contrac t” shall be del ivered by c ourier to the address of the succ essful E - Bidder and the Auctioneer shall be not res ponsible f or the c ost, expens es and loss aris a r is ing thereof. 10 .5 . Balanc e of purchas e pric x x xxxx be s ettled within ni nety ( 90) days f rom the date of auction s ale by the s uccessful E- Bidder

POST PUBLIC AUCTION. 10 .1 . Succ essful E- Bidder are ad vis ed to s ign the “ Mem orandum Memorandum of Contrac tContract” and pay the 10 % differential s um diff erential sum within 3 working days by atten ding attending to the Auctioneer’s offic e f rom the date of auc tion. Failing to do s o will res ult in the 10 % depos it to be f orf eited to the Assignee/ Bank and the auc t ion s hall be deem ed xxxx xx c anc elled. 10 .2 . Succ essful E- E - Bidder who are unable to sign the “ Memorandum of Co ntractContrac t” at the Auctioneer’s offic e c an authorize their agent to execute the proc edure by s ubmitting the f ol lowing documents to the Auctioneer. 10 .2 .1 . Copy of the agent’s Identity Documents ( both sides ) 10 .2 .2 . Copy of the s ucc essful E - Bidder’s Identity Doc uments umen ts ( both sides) 10 .2 .3 . Copy of the Letter of Authorization ( f or individual individual) or c ertified t rue true c opy of the Board of Direc tortor ’s Res olution ( f o r company) authorizing such pers on to do s o. 10 .3 . In the event of inc ons istenc y in the details of the doc umen ts upload uments up load ed in the Auctioneer’s website and the actual ac tual doc uments of the s ucc essful E - Bidder, the Auctioneer has the r ight to c anc el and terminate the s ale and the 10 % depos it shall be f orf eited by the Ass ignee/ Bank. The property s hall be put up f or s ale ag ainagain. 10 .4 . The “ Memorandum of Contract” that is signed and stamped shall be c ollected by the succ essful E - Bidder or his agent at the Auctioneer offic e within s even ( 77 ) days af ter after notific ation f rom the AuctioneerAuc tioneer. If the E - Bidder f ails ai ls to c ollect ollec t as af ores aid, the t he “ Memorandum of Contrac t” shall be del ivered by c ourier to the address of the succ essful E - Bidder and the Auctioneer shall be not res ponsible f or the c ost, expens es and loss aris ing thereof. 10 .5 . Balanc e of purchas purc has e pric x x xxxx be s ettled within ni nety ninety ( 90) days f rom the date of auction auc tion s ale by the s uccessful suc cessful E- Bidder

POST PUBLIC AUCTION. 10 .1 . Succ essful E- Bidder are ad vis ed to s ign the “ Mem orandum Memorandum of Contrac tContract” and pay the 10 % differential s um diff erential sum within 3 working days by atten ding attending to the Auctioneer’s offic e f rom the date of auc tion. Failing to do s o will res ult in the 10 % depos it to be f orf eited to the Assignee/ Bank and the auc t ion s hall be deem ed xxxx xx c anc elled. 10 .2 . Succ essful E- E - Bidder who are unable un able to sign the “ Memorandum of Co ntractContract” at the Auctioneer’s offic e c an authorize their agent to execute the proc edure by s ubmitting the f ol lowing documents to the Auctioneer. 10 .2 .1 . Copy of the agent’s Identity Documents ( both sides ) 10 .2 .2 . Copy of the s ucc essful E - E- Bidder’s Identity Doc uments ( both sides) 10 .2 .3 . Copy of the Letter of Authorization ( f or individual individual) or c ertified t rue true c opy of the Board of Direc tortor ’s Res olution ( f o r company) authorizing such pers on to do s o. 10 .3 . In the event of inc ons istenc ist enc y in the details of the doc umen ts uments upload ed in the Auctioneer’s website and the actual ac tual doc uments of the s ucc essful E - Bidder, the Auctioneer has the r ight to c anc el and terminate the s ale and the 10 % depos it shall be f orf eited by the Ass ignee/ Bank. The property pr operty s hall be put up f or s ale ag ainagain. 10 .4 . The “ Memorandum of Contract” that is signed and stamped shall be c ollected by the succ essful E - Bidder or his agent at the Auctioneer offic e within s even ( 77 ) days af ter after notific ation f rom the AuctioneerAuc tioneer. If the E - Bidder f ails ai ls to c ollect ollec t as af ores aid, the “ Memorandum of Contrac t” shall be del ivered by c ourier to the address of the succ essful E - Bidder and the Auctioneer shall be not res ponsible f or the c ost, expens es and loss aris ing thereof. 10 .5 . Balanc e of purchas e pric x x xxxx be s ettled within ni nety ( 90) days f rom the date of auction s ale by the s uccessful E- Bidder

POST PUBLIC AUCTION. 10 .1 . Succ essful E- Bidder are ad vis ed to s ign the “ Mem orandum of Contrac t” and pay the 10 % differential s um within 3 working days by atten ding attending to the Auctioneer’s offic e f rom the date of auc tionauction. Failing to do s o will res ult in the 10 10% depos it to be f orf eited to the Assignee/ Bank and the th e auc t ion s hall be deem ed xxxx xx c anc elled. 10 .2 . Succ essful E- Bidder X- Xxxxxx who are unable to sign s ign the “ Memorandum of Co ntractContract” at the Auctioneer’s offic e c an authorize their agent to execute the proc edure by s ubmitting the f ol lowing documents to the Auctioneer. 10 .2 .1 . Copy of the agent’s Identity Documents ( both sides ) 10 .2 .2 . Copy of the s ucc essful E - Bidder’s Identity Doc uments ( both sides) 10 .2 .3 . Copy of the Letter of Authorization ( f or individual individual) or c ertified t rue true c opy of the Board of Direc torDirector’s Res olution ( f o r company) authorizing such pers on to do s o. 10 .3 . In the event of inc ons istenc y in the details of the doc umen ts uments upload ed in the Auctioneer’s website and the actual doc uments of the s ucc essful E - Bidder, the Auctioneer has the r ight to c anc el and terminate the s ale and the 10 % depos it deposit shall be f orf eited by the Ass ignee/ Bank. The property s hall be put up f or s ale ag ainagain. 10 .4 . The “ Memorandum of Contract” that is signed and stamped shall be c ollected by the succ essful E - Bidder or his agent at the Auctioneer offic e within s even ( 7) days af ter notific ation f rom the Auctioneer. If the E - Bidder f ails to c ollect as af ores aid, the “ Memorandum of Contrac t” shall be del ivered by c ourier to the address of the succ essful E - Bidder and the Auctioneer shall be not res ponsible f or the c ost, expens es and loss aris ing thereof. 10 .5 . Balanc e of purchas e pric x x xxxx be s ettled within ni nety ( 90) days f rom the date of auction s ale by the s uccessful E- Bidder