Common use of POST PUBLIC AUCTION Clause in Contracts

POST PUBLIC AUCTION. 5.1. Any E-Bidders who successfully bids for the Property shall and undertake to sign the Memorandum/Contract of Sale and pay to the Assignee/Bank the difference between 10% of the purchase price and the deposit paid under Part 3.4 above (“differential sum”) at the office of the Auctioneer or via FPX (Financial Process Exchange) or XXXXXX 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 for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum/Contract of Sale for stamping and thereafter forward the same together with the deposit paid under Part 3.4 above and the differential sum paid under this part, if any, to the Assignee/Bank.

Appears in 39 contracts

Samples: Master Facility Agreement, Master Facility Agreement, Master Facility Agreement

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POST PUBLIC AUCTION. 5.1. Any E-Bidders who successfully bids for the Property shall and undertake to sign the Memorandum/Contract of Sale and pay to the Assignee/Bank the difference between 10% of the purchase price and the deposit paid under Part 3.4 above (“differential sum”) at the office by bank draft in favour of the Auctioneer RHB BANK BERHAD or via FPX (Financial Process Exchange) or XXXXXX 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 for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum/Contract of Sale for stamping and thereafter forward the same together with the deposit paid under Part 3.4 above and the differential sum paid under this part, if any, to the Assignee/Bank.

Appears in 28 contracts

Samples: Facilities Agreement, Facilities Agreement, Loan Agreement

POST PUBLIC AUCTION. 5.1. Any E-Bidders who successfully bids for the Property shall and undertake to sign the Memorandum/Contract of Sale and pay to the Assignee/Bank the difference between 10% of the purchase price and the deposit paid under Part 3.4 above (“differential sum”) at the office by bank draft in favour of the Auctioneer PUBLIC BANK BERHAD or via FPX (Financial Process Exchange) or XXXXXX 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 for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum/Contract of Sale for stamping and thereafter forward the same together with the deposit paid under Part 3.4 above and the differential sum paid under this part, if any, to the Assignee/Bank.

Appears in 21 contracts

Samples: Facilities Agreement, Facilities Agreement, Facilities Agreement

POST PUBLIC AUCTION. 5.1. Any E-Bidders who successfully bids for the Property shall and undertake to sign the Memorandum/Contract of Sale and pay to the Assignee/Bank the difference between 10% of the purchase price and the deposit paid under Part 3.4 above (“differential sum”) at the office of the Auctioneer or via FPX (Financial Process Exchange) or XXXXXX which is available on the NCM website 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 for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum/Contract of Sale for stamping and thereafter forward the same together with the deposit paid under Part 3.4 above and the differential sum paid under this part, if any, to the Assignee/Bank.

Appears in 6 contracts

Samples: www.maybank2u.com.my, www.maybank2u.com.my, www.maybank2u.com.my

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POST PUBLIC AUCTION. 5.1. Any E-Bidders who successfully bids for the Property shall and undertake to sign the Memorandum/Contract of Sale and pay to the Assignee/Bank the difference between 10% of the purchase price and the deposit paid under Part 3.4 above (“differential sum”) at the office of the Auctioneer or via FPX (Financial Process Exchange) or XXXXXX which is available on the JTR AUCTION HOUSE website 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 for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum/Contract of Sale for stamping and thereafter forward the same together with the deposit paid under Part 3.4 above and the differential sum paid under this part, if any, to the Assignee/Bank.

Appears in 4 contracts

Samples: Sale and Purchase Agreement, Proclamation of Sale, Proclamation of Sale

POST PUBLIC AUCTION. 5.1. Any E-Bidders who successfully bids for the Property shall and undertake to sign the Memorandum/Contract of Sale and pay to the Assignee/Bank the difference between 10% of the purchase price and the deposit paid under Part 3.4 above (“differential sum”) at the office by bank draft in favour of the Auctioneer RHB ISLAMIC BANK BERHAD or via FPX (Financial Process Exchange) or XXXXXX 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 for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum/Contract of Sale for stamping and thereafter forward the same together with the deposit paid under Part 3.4 above and the differential sum paid under this part, if any, to the Assignee/Bank.

Appears in 3 contracts

Samples: Musharakah Agreement, Ownership Agreement, auctionking.net

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