POST PUBLIC AUCTION. 5.1. Any E-Bidders who successfully bids for the Property shall and undertake to sign the Memorandum of Sale and pay the difference between 10% of the purchase price and the deposit paid under clause 3.5 above (“differential sum”) must be made via local bank transfer to BANK ISLAM MALAYSIA BERHAD in favour of EHSAN AUCTIONEERS SDN. BHD. Account No: 1209-2010-0353-67 within 1 working days from the date of auction, failing which the deposit paid will be forfeited to the Assignee Bank and 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 of Sale for stamping and thereafter forward the same together with the deposit paid under clause 3.5 above and the differential sum paid under this clause (If any) to the Assignee Bank.
Appears in 9 contracts
Samples: Proclamation of Sale, 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 of Sale and pay the difference between 10% of the purchase price and the deposit paid under clause 3.5 above (“differential sum”) must be made via local bank transfer to BANK ISLAM MALAYSIA BERHAD in favour of EHSAN AUCTIONEERS SDN. BHD. Account No: 1209-2010-0353-67 within 1 working days from the date of auction, failing which the deposit paid will be forfeited to the Assignee Bank and 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 of Sale for stamping and thereafter forward the same together with the deposit paid under clause 3.5 above and the differential sum paid under this clause (If any) to the Assignee Bank.
Appears in 2 contracts
Samples: Property Purchase Agreement, Sale Agreement
