Common use of PROHIBITED TO ACT/BID Clause in Contracts

PROHIBITED TO ACT/BID. 4.1. No bankrupts is allowed to bid or act as agents. 4.2. Foreign Citizen / Foreign Company is only allowed to bid for the Property with the prior consent from the Foreign Investment Committee. 4.3. In the event a bankrupt bids or acts as agent in relation to the sale of the Property, the Bidding Deposit or Purchase Deposit, as the case may be, shall be forfeited to the Assignee / Bank and the Property may be put up for sale again at a date and time to be fixed by the Assignee / Bank. 4.4. In the event a Foreign Citizen / Foreign Company makes a bid for the Property without the consent from the Foreign Investment Committee, the Bidding Deposit or Purchase Deposit, as the case may be, shall be forfeited to the Assignee / Bank and the Property may be put up for sale again at a date and time to be fixed by the Assignee / Bank.

PROHIBITED TO ACT/BID. 4.1. 4.1 No bankrupts is allowed to bid or act as agents. 4.2. 4.2 Foreign Citizen / Foreign /Foreign Company is only allowed to bid for the Property with the prior consent from the Foreign Investment Committee. 4.3. 4.3 In the event a bankrupt bids or acts as agent in relation to the sale of the Property, the Bidding Deposit or Purchase Deposit, as the case may be, shall be forfeited to the Assignee / Assignee/Bank and the Property may be put up for sale again at a date and time to be fixed by the Assignee / Assignee/Bank. 4.4. 4.4 In the event a Foreign Citizen / Foreign Company makes a bid for the Property without the consent from the Foreign Investment Committee, the Bidding Deposit or Purchase Deposit, as the case may be, shall be forfeited to the Assignee / Bank and the Property may be put up for sale again at a date and time to be fixed by the Assignee / Bank.

PROHIBITED TO ACT/BID. 4.1. 4.1 No bankrupts is allowed to bid or act as agents. 4.2. 4.2 Foreign Citizen / Citizen/Foreign Company is only allowed to bid for the Property with the prior consent from the Foreign Investment Committee. 4.3. 4.3 In the event a bankrupt bids or acts as agent in relation to the sale of the Property, the Bidding Deposit or Purchase Deposit, as the case may be, shall be forfeited to the Assignee / Assignee/Bank and the Property may be put up for sale again at a date and time to be fixed by the Assignee / Assignee/Bank. 4.4. 4.4 In the event a Foreign Citizen / Citizen/Foreign Company makes a bid for the Property without the consent from the Foreign Investment Committee, the Bidding Deposit or Purchase Deposit, as the case may be, shall be forfeited to the Assignee / Assignee/Bank and the Property may be put up for sale again at a date and time to be fixed by the Assignee / Assignee/Bank.

PROHIBITED TO ACT/BID. 4.1. No bankrupts is allowed to bid or act as agents. 4.2. Foreign Citizen / Foreign Company is only allowed to bid for the Property with the prior consent from the Foreign Investment Invest ment Committee. 4.3. In the event a bankrupt bids or acts as agent in relation to the sale of the Property, the Bidding Deposit or Purchase Deposit, as the case may be, shall be forfeited to the Assignee / Bank and the Property may be put up for sale again at a date and time to be fixed by the Assignee / Bank. 4.4. In the event a Foreign Citizen / Foreign Company makes a bid for the Property without the consent from the Foreign Investment Committee, the Bidding Deposit or Purchase Deposit, as the case may be, shall be forfeited to the Assignee / Bank and the Property may be put up for sale again at a date and time to be fixed by the Assignee / Bank.