RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE 1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019, Deed Of Assignment and Power of Attorney both dated the 25th day of April, 2019 executed by Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale. 1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date. 1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date. 1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a)determine or vary the order of sale;
Appears in 2 contracts
Samples: Facility Agreement, Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad Xxxxxx (196901000166 (8515-D)(“AssigneeD))(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Attorney both dated the 25th 26th day of AprilJuly, 2019 2004 executed by Xxxxxx Xxx Xxx Xxxxx Xxxx (NRIC No. 780814-08-5075) and Xxxxxxxx Xxxxx Xxxxx (NRIC No. 871109781229-2314-55295238) (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 2 contracts
Samples: Composite Loan Agreement and Assignment, Composite Loan Agreement and Assignment
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th day of April19th October, 2019 2017 executed by Xxx Xxx Xxxxx Todi Ashish (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 2 contracts
Samples: Facility Agreement, Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Ambank Islamic Berhad (196901000166 199401009897 (8515295576-D)(“AssigneeU)) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day And Deed of April, 2019, Deed Of Assignment and Power of Attorney both dated the 25th 20th day of AprilJanuary, 2019 2022 executed by Xxxx Xxxxxxxxx Xxxx Xxx Xxx Xxxxxxxx & Xxxxx (NRIC No. 871109-23-5529) Xxxxxxx Xxxxx Xxxxx Xxxxxxx (“AssignorAssignors/BorrowerCustomers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 2 contracts
Samples: Facility Agreement and Deed of Assignment, Facility Agreement and Deed of Assignment
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank XxXxxx (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 4th day of AprilMay, 2019 2017 executed by Xxx Xxx Xxxxx Xxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 2 contracts
Samples: Facility Agreement, Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank Islamic Berhad [Registration No. 199401009897) (M295576-U) Berhad (196901000166 (8515-D)(“Assignee“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility under Facilities Agreement dated the 22nd day 9th Day of April, 2019, December 2020 and Deed Of of Assignment and Power of Attorney both dated the 25th day of April, 2019 7th Day Of January 2021 executed by Xxxxxxx Xxxxx Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) Xxxxxx (“the Assignor/BorrowerCustomer”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, hammer the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 2 contracts
Samples: Facilities Agreement, Facilities Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd 29th day of AprilDecember, 20192015, Deed Of of Assignment and Power of Attorney both dated the 25th day of AprilFebruary, 2019 2016 executed by Xxxx Xxx Xxx Xxxxx Xxxx (NRIC No. 871109700213-2310-55295146) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a)determine or vary the order of sale;
Appears in 2 contracts
Samples: Facility Agreement, Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Islamic Berhad (196901000166 199401009897 (8515295576-D)(“AssigneeU)) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement and Deed of Assignment both dated the 22nd 9th day of April, 2019, Deed Of Assignment and Power of Attorney both dated the 25th day of AprilDecember, 2019 executed by Xxxxxxx Xxxxxx Xxxxxxxx Xxx Xxx Xxxxx Xxxx Xxxxxx (NRIC No. 871109911028-2301-5529) (“Assignor/Borrower5181)(“Customers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of and Assignment and Power of Attorney both dated the 25th 31st day of AprilMay, 2019 2005 executed by Xxxxx Xxx Xxx Xxxxx Xxxx (NRIC Nric No. 871109750417-2312-55295507) (“the Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - to:-
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd 3rd day of AprilMarch, 20192016, Deed Of Assignment and Power of Attorney both dated the 25th 30th day of AprilMarch, 2019 2016 executed by Xxxx Xxxxx Xxx Xxx Xxxxx Xxxxxx (NRIC No. 871109830402-2311-55295365) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a)determine or vary the order of sale;
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 7th day of AprilJuly, 2019 2017 executed by Xxx Xxx Xxxxx Jaya Seelan A/L Xxxxxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 28th day of AprilDecember, 2019 2017 executed by Xxx Xxx Xxxxx Tan Hua Yean (NRIC No. 871109801220-2307-55295427) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank Islamic Berhad [199401009897 (M) Berhad (196901000166 (8515295576-D)(“AssigneeU)](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Master Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th day of April27th August, 2019 executed by Xxxxxxx Xxxxxx Xxx Xxx Xxxxx Xxxxxxxx (NRIC No. 871109-23-5529) (“Assignor/BorrowerCustomer”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Master Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)] [formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th day of April, 2019 31st December 2016 executed by Xxx Xxx Xxxxx Xxxx Soon (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement And Assignment and Power Of Attorney both dated the 22nd day of AprilMay, 2019, Deed Of Assignment and Power of Attorney both dated the 25th day of April, 2019 2006 executed by Xxx Xxx Xxxxx Xxxxxx Binti Xxxxxxx Xxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 196901000166) (8515-D)(“AssigneeD) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Deed of Assignment, Facilities Agreement dated the 22nd day of April, 2019, Deed Of Assignment and Power of Attorney both all dated the 25th day of April, 2019 04th November 2009 executed by Xxx Xxxx Xxx Xxxxx (NRIC No. 871109.: 000000-2300-55290000/ H0463137) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Deed of Assignment, Facilities Agreement, and Power of Attorney
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 19th day of AprilJuly, 2019 2013 executed by Xxx Xxx Xxxxx XXX XX XXXX (NRIC No. 871109NO.: 850118-2302-55295336) & XXX XXXX XXXXX (NRIC NO.: 790912-02-5171) (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 7th day of AprilSeptember, 2019 2015 executed by Xxx Xxx Xxxxx Tee Si Pei (NRIC No. 871109820210-2301-5529) (“Assignor5598)(“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Of Attorney both dated the 25th 3rd day of AprilDecember, 2019 2001 executed by Oh Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (formerly known as 8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and And Power of Attorney both all dated the 25th 3rd day of AprilSeptember, 2019 2015 executed by Xxx Xxx Xxxxx Xxxx Xxxx (NRIC NoNO. 871109800826-2314-55295624) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 2nd day of AprilNovember, 2019 2015 executed by Xxx Xxxx Xxx Xxxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Of Attorney both dated the 25th day of April1st June, 2019 2004 executed by Xxx Xxx Xxxxx Xxxxxxx Mudanoran Bin Xxxxxxx Mushaari (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad Xxxxxx (196901000166 (8515-D)(“AssigneeD))(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of and Assignment and Power of Attorney both dated the 25th 26th day of AprilSeptember, 2019 1997 executed by Xxxxxxxxxxxx Xxx Xxx Xxxxx Xxxxxxxxxxx (NRIC No. 871109721013-2308-5529) (“Assignor6051/A2320725)(“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Islamic Berhad (196901000166 199401009897 (8515295576-D)(“AssigneeU)) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 19th day of AprilAugust, 2019 2020 executed by Xxx Xxxxxx Xxxxx Xx. Xxx Xxxxx (NRIC No. 871109K/P.: 841021-2312-55295352) (“AssignorAssignors/BorrowerCustomers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“AssigneeD))(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Attorney both dated the 25th 31th day of AprilJuly, 2019 2007 executed by Xxx Xxx Xxxxx Xxxxx Xxxxx (NRIC No. 871109620922-2305-55295006) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 10th day of AprilMarch, 2019 2015 executed by Xxx Xxx Xxxxx Xxxxx (NRIC No. 871109-23-5529Xxxx Xxxxxx) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank Islamic Berhad [199401009897 (M) Berhad (196901000166 (8515295576-D)(“AssigneeU)](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Master Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th day of April1st November, 2019 2017 executed by Xxx Xxx Siti Xxxxxxxx Binti Xxxx Xxxxx (NRIC No. 871109-23-5529) (“Assignor/BorrowerCustomer”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Master Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“AssigneeD))(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Attorney both dated the 25th 1st day of AprilAugust, 2019 2002 executed by Xxx Xxx Xxxx Xxxxx (NRIC No. 871109000000-2300-55290000) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Of Attorney both dated the 25th 28th day of AprilFebruary, 2019 2006 executed by Xxx Xxx Xxxxx Hassan Bin Ahmad (NRIC No. 871109-23-5529) (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank XxXxxx (M) Berhad ([196901000166 (8515-D)(“AssigneeD)] (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of and Assignment Homefree and Power of Attorney both dated the 25th 31st day of AprilMay, 2019 2006 executed by Xxxx Xxxxx Xxxx & Xxxx Xxxx Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) (“Assignorthe Assignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property Property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 Each bid will be called for 3 times, “First Calling, “Second Calling”, “Final Call”. Bidders may submit their bid at any of these stages of biddings.
1.4 When system displays “No More Bids”, no further bids will be accepted by the Auctioneer.
1.5 The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer.
1.6 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 1.7 In the event the subject matter offered for auction comprises more than one (1) propertyProperty, the Auctioneer shall have the right to: - to:-
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Islamic Berhad (196901000166 199401009897 (8515295576-D)(“AssigneeU)) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Master Facility Agreement dated the 22nd 25th day of April, 2019, July 2017 and Deed Of of Assignment and Power of Attorney both dated the 25th 01st day of AprilOctober, 2019 2018 executed by Xxx Xxx Xxxx Xxxxxxxxx Xxxxx Xxxxx Xxxxxx @ Tahir (NRIC No. 871109K/P. 860511-2346-55295054) (“AssignorAssignors/BorrowerCustomers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Master Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 2nd day of AprilNovember, 2019 2017 executed by Xxx Xxx Xxxxx Xx Wee (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank Islamic Berhad [199401009897 (M) Berhad (196901000166 (8515295576-D)(“AssigneeU)](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Master Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment (1st Party) and Power of Of Attorney both (1st Party) all dated the 25th day of AprilOctober, 2019 2017 executed by Xxxx Xxxxxx Xxx Xxx Xxxxx Md Yusof Satar (NRIC No. 871109-23-5529) (“Assignor/BorrowerCustomer”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Master Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Facilities Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 15th day of AprilJanuary, 2019 2009 executed by Xxx Xxx Xxxxx Xxxxxxxxx A/P Xxxxxxxxx (NRIC No. 871109760330-2314-55295264) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facilities Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank Islamic Berhad [199401009897 (M) Berhad (196901000166 (8515295576-D)(“AssigneeU)](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019, and Deed Of Assignment and Power of Attorney both dated the 25th 15th day of AprilNovember, 2019 executed by Xxx Xxx Xxxxxx Xxxx A/X Xxxxxxxxx & Xxxxxxxxx X/O Xxxxxx Xxxxx (NRIC No. 871109-23-5529) (“Assignor/BorrowerCustomer”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Islamic Berhad (196901000166 199401009897 (8515295576-D)(“AssigneeU)) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 29th day of AprilJune, 2019 2021 executed by Xxxx Xxxx Xxxx Xxx Xxx Xxxxx (NRIC No. 871109920827-2315-55295097) (“Assignor/BorrowerCustomer”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank Islamic Berhad [199401009897 (M) Berhad (196901000166 (8515295576-D)(“AssigneeU)](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Facilities Agreement dated the 22nd day of April, 13th March 2019, Deed Of Assignment and And Power of Of Attorney both dated the 25th day of April, 27th May 2019 executed by Xxxx Xxxxxxxxxxx Xxxxx Xxxxxxxx & Xxxx Xxxxxxx Xxx Xxx Xxxxx Xxxxxxx (NRIC No. 871109-23-5529) (“AssignorAssignors/BorrowerCustomers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facilities Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th day of April17th July, 2019 2017 executed by Xxx Xxx Xxxxx Thanabalan A/L Subalenggam (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th day of April10th August, 2019 2004 executed by Xxx Xxx Xxxxxx Devi A/P X. Xxxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 20th day of AprilOctober, 2019 2015 executed by Xxx Xxx Xxxxx Xxxx Xxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)](formerly known as AmFinance Berhad) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 05th day of April, 2019 2010 executed by Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) Xxxxxxxx Xxxx Xxxx Xxxx & Xxxxxxxxx X Xxxxxxx @ Xxxxxx (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, hammer the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019, and Deed Of Assignment and Power of Attorney both dated the 25th 2nd day of AprilDecember, 2019 2020 executed by Xxx Xxx Xxxxxxxxxxx A/X Xxxxxxxxxxx & Xxxxxxx A/P Xxxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“AssigneeD) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th day of AprilAugust, 2019 2015 executed by Xxx Xxx Xxxxx Xx (NRIC No. 871109831217-2310-55295012) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a)determine or vary the order of sale;
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 30th day of AprilJune, 2019 2016 executed by Xxx Xxx Xxxx Xxxxx Xxxxx Jailaini (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank XxXxxx (M) Berhad Xxxxxx (196901000166 (8515-D)(“AssigneeD))(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Attorney both dated the 25th 22nd day of AprilJuly, 2019 2005 executed by Xxx Xxx Xxxxxx Xxxxx Xxxxx Xxxxx (NRIC No. 871109751112-2302-55295980/A3204551) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of AprilAnd Assignment And Power Of Attorney Both Dated 14th Day Of November, 2019, Deed Of Assignment and Power of Attorney both dated the 25th day of April, 2019 2002 executed by Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) XXX XXXXXXX XXXXX XXXXXX & XXXXXXX XXXXX XXXXXXX (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Loan Agreement 3rd Party, Assignment 3rd Party and Power Of Attorney all dated the 22nd 4th day of AprilJuly, 2019, Deed Of Assignment and Power of Attorney both dated the 25th day of April, 2019 2006 executed by Xxxxxxxx Xxx Xxx Xxxxx Xxxxxx & Rasidah Bte Hitam (NRIC No. 871109-23-5529) (“Assignor/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Islamic Berhad (196901000166 199401009897 (8515295576-D)(“AssigneeU)) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 16th day of AprilJanuary, 2019 2023 executed by Xxx Xxx Xxxxxxx Xxxxx Xxxx Xxxxxx (NRIC No. 871109790813-2312-55295556) (“Assignor/BorrowerCustomer”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 10th day of AprilDecember, 2019 2018 executed by Xxx Xxx Xxxxx Xxxx Xxxx Xxxx (NRIC No. 871109760620-2310-55295025/A3232850) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a)determine or vary the order of sale;
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Of Attorney both dated the 25th 24th day of AprilMarch, 2019 2005 executed by Xxx Xxx Xxxxx Xxxxxxxx Xxxx A/X X Xxxxxxxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 10th day of AprilNovember, 2019 2017 executed by Xxx Xxx Xxxxx Xxxxxxxxx A/X Xxxxxxx (NRIC No. 871109-23-5529) (“AssignorAssignors/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank XxXxxx (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 18th day of AprilSeptember, 2019 2015 executed by Xxx Xxx Xxxxx Xxxxxxx & Xxxx Xx (NRIC No. 871109-23-5529) (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 23rd day of AprilJune, 2019 2015 executed by Xxx Xxx Xxxxx Yet Thai (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of and Assignment Homefree and Power of Attorney both dated the 25th 20th day of AprilMarch, 2019 2006 executed by Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) XXXXXXXX A/L XXXXXXXXX & GENGADEVI A/P THERUPAL (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019, and Deed Of Assignment and Cum Power of Attorney both dated the 25th 21st day of AprilJuly, 2019 2022 executed by Xxx Xxxx Xxx Xxxxx (NRIC No. 871109-23-5529) (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“AssigneeD) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Attorney both dated the 25th 8th day of AprilMarch, 2019 2004 executed by Xxxxxxxx Xxx Xxx Xxxxx Xxxxxx (NRIC No. 871109641229-2371-55295021/A0039136) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a)determine or vary the order of sale;
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd 10th day of AprilMarch, 20192015, Deed Of of Assignment and Power of Attorney both dated the 25th 1st day of April, 2019 2015 executed by Xxx Xxx Xxxxx Hardware Sdn Bhd (NRIC Company No. 871109140233-23-5529W) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a)determine or vary the order of sale;
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th day of April1st February, 2019 2016 executed by Ng Yan But & Xxx Xxxx Xxx Xxxxxxxxx Xxxxx (NRIC No. 871109-23-5529) (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th day of April, 2019 16th October 2018 executed by Xxx Xxx Xxxxx Shi (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th day of April19th October, 2019 2017 executed by Xxx Xxx Xxxxx Low Xxxx Xxxxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“AssigneeD) (formerly MBf FINANCE BERHAD) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Loan Agreement dated the 22nd day and Deed of April, 2019, Deed Of Assignment and Power of Attorney both dated the 25th 13th day of AprilDecember, 2019 1993 executed by Xxx Xxx Xxxxxx Xxxx A/P Xxxxxxx Xxxxx (NRIC No. 871109-23-55298108110) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a)determine or vary the order of sale;
Appears in 1 contract
Samples: Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 31st day of AprilOctober, 2019 2017 executed by Xx Xxx Xxx Xxxxx Xxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank Islamic Berhad [199401009897 (M) Berhad (196901000166 (8515295576-D)(“AssigneeU)](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Master Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th day of April24th January, 2019 2017 executed by Siah Yin Zhi & Siah Xxxxx Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) (“AssignorAssignors/BorrowerCustomers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Master Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 12th day of AprilSeptember, 2019 2018 executed by Goh Xxxxx Xxx & Xxxxx Man Xxx Xxxxx (NRIC No. 871109-23-5529) (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank Islamic Berhad [199401009897 (M) Berhad 295576-U)] (196901000166 (8515-D)(“Assignee“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Musharakah Property-I Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment Deed of Promise, Property Ijarah Agreement and Power of Attorney both all dated the 25th 06th day of AprilJanuary, 2019 2015 and such other security documents executed by Xxxxxxxxx Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) Xxxxxxxxxxx (“Assignor/BorrowerCustomer”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, hammer the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“AssigneeD))(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day Deed of April, 2019, Deed Of Assignment and Power of Attorney both dated the 25th 29th day of AprilSeptember, 2019 2010 executed by Xxx Xxx Xxxxx Panama Rock Sdn Bhd (NRIC Company No. 871109794083-23-5529W) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd 24th day of April, 20192018, Deed Of of Assignment and Power of Attorney both dated the 25th day of April, 2019 2018 executed by Xxx Xxx Xxxxx Xxxx Choo (NRIC No. 871109700623-2307-55295664) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“AssigneeD))(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Attorney both dated the 25th 28th day of AprilFebruary, 2019 2006 executed by Xxxxx Xxxxx Xxx Xxx Xxxxx Xxxxxxxxxx (NRIC No. 871109780212-2308-55296521/A3895213) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (formerly known as 8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 9th day of AprilOctober, 2019 2014 executed by Xxx Xxx Xxxxx NG XX XXXX (NRIC No. 871109-23-5529“Borrowers”) and Xxxxxxxxxx A/L X. Xxxxxxxx (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (formerly known as 8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Facilities Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 24th day of AprilMarch, 2019 2010 executed by Xxx Xxx Afsah Xxxxx (NRIC No. 871109-23-5529) Xxxxxx & Xxxxx Bin Materi @ Mataree (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, hammer the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facilities Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Facilities Agreement dated the 22nd day of April, 2019, Deed Of and Assignment and Power of Attorney both dated the 25th 15th day of AprilOctober, 2019 2002 executed by Xxx Xxx Xxxxx Xxxxxxxxxxx a/x Xxxxxxxxx and Xxxxxx a/p Xxxxxxxx (NRIC No. 871109-23-5529) (“AssignorAssignors/Borrower”Borrowers) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, hammer the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facilities Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Islamic Berhad ([196901000166 (8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd 19th day of February, 2021 and Deed of Assignment dated 15th Day of April, 2019, Deed Of Assignment and Power of Attorney both dated the 25th day of April, 2019 2021 executed by Xxxxxxxx Xxx Xxx Xxxxxx, Xxxxxxx Xxxxx (NRIC No. 871109-23-5529) Xxxxxx & Xxx Xxx Xxxxxx (“AssignorAssignors/BorrowerCustomers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (formerly known as 8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 12th day of AprilJuly, 2019 2016 and such other security documents executed by Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) Yusof Bin Oloth (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, hammer the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment First Party and Power of Attorney both First Party all dated the 25th day of April10th June, 2019 2015 executed by Xxxxx Xxx Xxx Xxxxx Xxxxxxx (NRIC No. 871109671217-2310-55295055/A0832495) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a)determine or vary the order of sale;
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Loan Agreement and Deed of Assignment both dated the 22nd 24th day of AprilSeptember, 2019, Deed Of Assignment and Power of Attorney both dated the 25th day of April, 2019 1996 executed by Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) XXX XXX XXXX (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement Agreement, Deed of Assignment and Power of Attorney all dated the 22nd day of AprilOctober, 2019, Deed Of Assignment and Power of Attorney both dated the 25th day of April, 2019 2013 executed by Xxx Xxx Xxxxxx Xxxxxxxxxx A/L Xxxxx Xxxxxxx (NRIC No. 871109860422-2338-55295757) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank XxXxxx (M) Berhad ([196901000166 (formerly known as 8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and And Power of Attorney both dated the 25th 24th day of AprilMarch, 2019 2004 executed by Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) Binti Abd Xxxxxx & Xxxxx Xxxxx Bin Xxxxxxx Xxxxxxx (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, hammer the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad Xxxxxx (196901000166 (8515-D)(“AssigneeD))(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Attorney both dated the 25th 30th day of AprilOctober, 2019 2003 executed by Xxx Xxx Xxxxxxxx Xxxxx Xxxxxxxxx (NRIC No. 871109691018-2371-55295000) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)] (formerly known as Arab-Malaysian Bank Berhad) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of and Assignment and Power of Attorney both dated the 25th 04th day of April, 2019 2002 executed by Xxx Xxx Xxxxx XXXXXXXX A/P XXXXXXXX (NRIC No. 871109NO.: 611226-2310-55296792) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Islamic Berhad (196901000166 199401009897 (8515295576-D)(“AssigneeU)) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Master Facility Agreement dated the 22nd 20th day of AprilDecember, 2019, 2019 and Deed Of of Assignment and Power of Attorney both dated the 25th day of AprilAugust, 2019 2020 executed by Xxx Xxx Xxxxx Xxxxxxx Xxxxxxxxxx Bin Abd Xxxxxx (NRIC No. 871109951010-2303-5529) (“Assignor/Borrower5033)(“Customers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Master Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Of Attorney both dated the 25th day of April1st February, 2019 2005 executed by Xxx Xxx Xxxxxxxxx A/X Xxxxxxxx & Xxxxx Vedi A/P Sinnasamy (NRIC No. 871109-23-5529) (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 7th day of AprilSeptember, 2019 2015 executed by Xxx Xx Xxx Xxxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Alliance Islamic Bank Berhad (196901000166 (8515-D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of AprilFacilities Agreement, 2019Property Sale Agreement, Property Purchase Agreement, Deed Of of Assignment (First Party Assignment) (Islamic Facilities) and Power of Attorney both (First Party) all dated the 25th 23rd day of AprilFebruary, 2019 2011 and such other security documents executed by Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) Xxxxxxxxx Xxxxx Buntat (“the Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1one(1) property, the Auctioneer shall have the right to: - to:-
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank XxXxxx (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 18th day of AprilMarch, 2019 executed by Xxxx Xxx Xxx Xxxxx Tze (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 3rd day of AprilNovember, 2019 2017 executed by Xxx Xxx Xxxxx Xxxxxx X/X Xxxxxxxxxxxx (NRIC No. 871109911204-2301-55296299 ) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a)determine or vary the order of sale;
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank Islamic Berhad [199401009897 (M) Berhad (196901000166 (8515295576-D)(“AssigneeU)](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Master Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment (1st Party) and Power of Of Attorney both (1st Party) all dated the 25th day of April1st December, 2019 2016 executed by Xxx Xxx Xxxxx Lim Beng Hooi (NRIC No. 871109-23-5529) (“Assignor/BorrowerCustomer”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Master Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 29th day of AprilJanuary, 2019 2018 executed by Xxx Xxx Xxxxx S. Gunasegeran A/L A. Seevalingam (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of AprilAnd Assignment And Power Of Attorney Both Dated 14th Day Of September, 2019, Deed Of Assignment and Power of Attorney both dated the 25th day of April, 2019 2005 executed by Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) Xxxxxxxxx A/X Xxxxxxxxx & Xxxxxxxx A/L Yellappen (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Of Attorney both dated the 25th 14th day of AprilAugust, 2019 2001 executed by Xxxxx Xxx Xxx Xxxxx Xxxxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 5th day of AprilMarch, 2019 2018 executed by Xx Xxx Xxx Xxxxx Xxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th day 09th Day of AprilJanuary, 2019 2020 and such other security documents executed by Xxx Xxxx Xx Xxxxxx & Xxxxx Xxx Xxx @ Xxxxx (NRIC No. 871109-23-5529) Min Xxx (“AssignorAssignors/BorrowerBorrowers”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, hammer the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Facilities Agreement dated the 22nd day and Deed of April, 2019, Deed Of Assignment and Power of Attorney both dated the 25th 13th day of AprilNovember, 2019 executed by Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) Ang Junky (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, hammer the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facilities Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (formerly known as 8515-D)(“AssigneeD)] (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Composite Loan Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 29th day of AprilAugust, 2019 2006 executed by Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) Xxxxxx a/x X Xxxxxxxxx (“AssignorAssignors/Borrower”Borrowers) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, hammer the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“AssigneeD)(formerly known as AmBank Berhad (295576-U))(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of And Assignment and Power of Attorney both dated the 25th 22nd day of April, 2019 2004 executed by Xxx Xxxx Xxxxxx Binti Xxx Xxxxx (NRIC No. 871109810324-2306-55295148) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a)determine or vary the order of sale;
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“AssigneeD)) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of and Assignment and Power of Attorney both dated the 25th 21st day of AprilMay, 2019 2003 executed by Xxx Xxx Xxxxx Xxxxxxxxxxxx A/X Xxxxxxx (NRIC No. 871109790717-2310-55295803) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a)determine or vary the order of sale;
Appears in 1 contract
Samples: Composite Loan Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank Islamic Berhad [199401009897 (M) Berhad (196901000166 (8515295576-D)(“AssigneeU)](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Master Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment (1st Party) and Power of Of Attorney both (1st Party) all dated the 25th day of April15th November, 2019 2016 executed by Xxx Xxx Khor Xxxx Xxxxx (NRIC No. 871109-23-5529) (“Assignor/BorrowerCustomer”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Master Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad Xxxxxx (196901000166 (8515-D)(“AssigneeD) (“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of of Assignment and Power of Attorney both all dated the 25th 28th day of AprilNovember, 2019 2017 executed by Xxxxx Xxx Xxx Xxxxx A Paturusi (NRIC NoNO. 871109810530-2312-5529) (“Assignor6597)(“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - (a)determine or vary the order of sale;
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 3rd day of AprilNovember, 2019 2017 executed by Xxxx Xxxx Xxx Xxx Xxxxx (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad ([196901000166 (8515-D)(“AssigneeD)][formerly known as AmFinance Berhad](“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Agreement dated the 22nd day of April, 2019Agreement, Deed Of Assignment and Power of Of Attorney both all dated the 25th 30th day of AprilNovember, 2019 2017 executed by Xxx Xxx Xxxxx Wee Shiong Han (NRIC No. 871109-23-5529) (“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Facility Agreement
RESERVE PRICE AND BIDDING AT AUCTION. CONDITIONS OF SALE
1.1 This sale is made by AmBank (M) Berhad (196901000166 (8515-D)(“AssigneeD))(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Facility Composite Loan Agreement dated the 22nd day of April, 2019, Deed Of and Assignment and Power of Attorney both dated the 25th 22nd day of AprilSeptember, 2019 2003 executed by Xxx Xxx Xxxxxxx Xxxxx Xxxxxxx (NRIC No. 871109580801-2308-5529) (“Assignor5272/5471860)(“Assignor/Borrower”) in favour of the Assignee/Bank subject to all conditions and category of land use, express or implied or imposed upon or relating to or affecting the property (“Property”) and shall further subject to the reserve price (“Reserve Price”) and the Conditions of Sale as appearing in the Proclamation of Sale.
1.2 Subject to the provisions of Clause 5 below the highest bidder for the Property described in the Proclamation of Sale if so allowed by the Auctioneer shall be the Purchaser (“Purchaser”) thereof and the Auctioneer shall have the right to reject any bid. If any dispute shall arise as to any bidding, the Property shall be at the option of the Auctioneer be put up again for sale at the last undisputed bid or the Auctioneer may decide on the dispute and the decision of the Auctioneer on all matters not provided for in this Conditions of Sale shall be final and binding in all respects if such decision is made during the course of conducting the auction on the auction date.
1.3 No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date.
1.4 In the event the subject matter offered for auction comprises more than one (1) property, the Auctioneer shall have the right to: - -
(a)determine a) determine or vary the order of sale;
(b) offer the properties for sale either individually or en bloc or in any combination/manner as determined by the Auctioneer; and/or
(c) withdraw any of the properties from the sale.
Appears in 1 contract
Samples: Composite Loan Agreement