PROHIBITED TO ACT/BID. a. No bankrupt is allowed to bid or act as agent. In the event a bankrupt bids or acts as agent in relation to the sale of the Property, the deposit paid, as the case may be, shall be forfeited to the Assignee/Bank and the Property shall be put up for sale again. b. Foreign Citizen/Foreign Company is only allowed to bid for the Property with the prior consent from the Foreign Investment Committee. In the event a Foreign Citizen/Foreign Company bids in relation to the sale of the Property without the consent from the Foreign Investment Committee, the deposit paid, 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.
Appears in 10 contracts
Samples: Facility Agreement, Asset Sale Agreement, Asset Sale Agreement
PROHIBITED TO ACT/BID. a. No bankrupt is allowed to bid or act as agent. In the event a bankrupt bids or acts as agent in relation to the sale of the Property, the deposit paid, as the case may be, shall be forfeited to the Assignee/Bank Assignee and the Property shall be put up for sale again.
b. Foreign Citizen/Foreign Company is only allowed to bid for the Property with the prior consent from the Foreign Investment Committee. In the event a Foreign Citizen/Foreign Company bids in relation to the sale of the Property without the consent from the Foreign Investment Committee, the deposit paid, as the case may be, shall be forfeited to the Assignee/Bank Assignee and the Property may be put up for sale again at a date and time to be fixed by the Assignee/Bank.
Appears in 2 contracts
Samples: Facilities Agreement, Facilities Agreement, Loan Agreement, Deed of Assignment, Power of Attorney
