Prior to the auction Sample Clauses

Prior to the auction a) The Assignee and / or the Auctioneer reserves the absolute right at any time to vary, alter or add to the Particulars and / or the Conditions of Sale; b) All intending bidders (with exception of the Assignee) shall deposit with the Auctioneer a sum equal to 10% of the reserve price by way of bank draft or cashier’s order crossed “A/C PAYEE ONLY” made payable to OCBC BANK (MALAYSIA) BERHAD or remit the same through online banking transfer, one (1) working day before auction date failing which they shall not be entitled to bid; For online bidders, please refer to the Terms and Conditions on xxx.xxxxxxxxxxxxxxxx.xxx for manner of payment of the deposit c) Any person intending to bid on behalf of a company, society, firm or another individual shall deliver to and obtain acknowledgement by the Auctioneer, an authority letter signed by the principal on whose behalf the bidder is bidding and containing the principal’s full name, identity and address, failing which the bidder shall be deemed to contract in his own name and not as agent for another; d) All intending bidders shall be required to show their identity cards to the Auctioneer for identification, failing which they shall not be entitled to bid; e) “For Bumiputra lot, only Bumiputra is allowed to bid’
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Prior to the auction a the Assignee/Bank reserves the absolute right at any time to vary, alter or add to the Particulars and/or the Conditions of Sale; b all intending bidders (with exception of the Assignee/Bank) shall deposit with the Auctioneer a sum equal to 10% of the reserve price by way of Bank Draft or Cashier’s Order made payable to Small Medium Enterprise Development Bank Malaysia Berhad failing which they shall not be entitled to bid; c any person intending to bid on behalf of a company, society, firm or another individual shall deliver to and obtain acknowledgment by the Auctioneer, an authority letter signed by the principal on whose behalf the bidder is bidding and containing the principal’s full name, identity and address, failing which the bidder shall be deemed to contract in his own name and not as an agent for another; d all intending bidders shall be required to show their identity cards to the Auctioneer for identification, failing which they shall not be entitled to bid; e for Bumiputra lot, only Bumiputra is allowed to bid.
Sample 1Sample 2Sample 3See All (4)

Related to Prior to the auction

  • 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”) at the office of the Auctioneer within same day 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. 5.2. Any successful E-Bidders who is unable to attend to sign the Memorandum of Sale at the office of the Auctioneer may do so by authorising another person to sign the same on his behalf by inserting the particulars of the authorised person at EHSAN AUCTIONEERS SDN.

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