RESERVE PRICE AND BIDDING AT AUCTION. 1.1 This sale is made by AmBank (M) Berhad (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to Composite Loan Agreement Cum Assignment and Power of Attorney both dated 12th day of October, 2000 by XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778) (“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 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, whether on-site or through the Auctioneer’s website. 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a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted.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. 1.7 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; (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 Cum Assignment and Power of Attorney, Composite Loan Agreement Cum Assignment and Power of Attorney

RESERVE PRICE AND BIDDING AT AUCTION. 1.1 This sale is made by ~~AmBank~~ Ambank (M) Berhad (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and ~~powers~~ powers 1.2 Subject to the provisions of Clause 5 below conferred upon the Assignee/Bank pursuant to Composite Loan Agreement ~~Cum~~ and Assignment and Power of Attorney both dated ~~12th~~ 11th day of October, ~~2000~~ 2001 by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ XXXX XXXXXX A/X XXXXXX & XXXXXX A/P XXXXXXXXX (“the ~~Assignor~~Assignors/~~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~~ Sale.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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ Facilities Agreement, Deed of Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ 20th day of ~~October~~June, ~~2000~~ 2003 by XXXXXXXX XXX XXXXXXX XXX ~~XXX (NRIC NO.: 620916-10-6057/6883778)~~ (“the Assignor/the Borrower”) and XXXXX XXX XXXXXXX XXX (“the 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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ Facility Agreement, Deed of Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ 07th day of ~~October~~November, ~~2000~~ 2016 by ~~XXX XXX XXX~~ Xxxxx Xxx Kit (~~NRIC NO~~Nric No.: ~~620916~~760311-1014-~~6057/6883778~~5795) (“the Assignor/the 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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by ~~AmBank~~ Ambank Islamic Berhad [199401009897 (~~M) Berhad (196901000166 [8515~~295576-~~D])~~ U)] (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ Property Purchase Agreement, Property Sale Agreement, Deed of Assignment and Power of Attorney ~~both~~ all dated ~~12th day of~~ 13th October, ~~2000~~ 2004 by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ XXXXXX XXXXX XXXXXX (“the Assignor/~~Borrower~~Customer”) and XXXX XXXXXX XXX XXX XXX (“the Customer”) 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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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 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: Property Sale Agreement

RESERVE PRICE AND BIDDING AT AUCTION. 1.1 This sale is made by ~~AmBank~~ Ambank Islamic Berhad [199401009897 (~~M) Berhad (196901000166 [8515~~295576-~~D])~~ U)] (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan~~ Facility Agreement ~~Cum Assignment and Power of Attorney both~~ dated ~~12th~~ 05th day of ~~October~~December, ~~2000~~ 2019 and Deed of Assignment dated 06th day of January, 2020 by XXXX XXXXX XXX ~~XXX XXX~~ XXXXX (NRIC NO.: ~~620916~~900510-1003-~~6057/6883778~~5929) (“the Assignor/~~Borrower~~Customer”) 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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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 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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite~~ Loan ~~Agreement Cum~~ Agreement, Deed Of Assignment ~~and~~ And Power of Of Attorney ~~both dated 12th day of October~~All Dated 10th Day Of July, 2000 by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ Xxxxxx Xxx Xxxxxx & Rohayati Binti Ma’alip (“the ~~Assignor~~Assignors/~~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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by AmBank Islamic Berhad [199401009897(295576-U)] (Mformerly known as AmIslamic Bank Berhad) (formerly known as AmFinance Berhad ~~(196901000166 [8515-D]~~– MBf Finance Berhad) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ the Property Sale Agreement, Property Purchase Agreement, Deed Of Assignment ~~and~~ And Power of Of Attorney ~~both dated 12th day of October~~All Date 13th Day Of March, ~~2000~~ 2003 executed by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ ZAINUDIN BIN ABD MAJID & RASHIDAH BINTI MOHD RASOL (“the ~~Assignor~~Assignors/~~Borrower~~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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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: Property Sale Agreement

RESERVE PRICE AND BIDDING AT AUCTION. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ Facility Agreement, Deed of Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ 04th day of ~~October~~June, ~~2000~~ 2014 by XXXX XXX ~~XXX XXX~~ XXXX (NRIC NO.: ~~620916~~871017-1023-~~6057/6883778~~5185) (“the Assignor/the 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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan~~ Facility Agreement ~~Cum Assignment and Power of Attorney both~~ dated ~~12th~~ the 04th day of October, ~~2000~~ 2017, Deed of Assignment and Power Of Attorney both dated the 13th day of November, 2017 by XXX XXX ~~XXX (NRIC NO.: 620916-10-6057/6883778)~~ HOW (“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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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]) (“the Assignee~~D)(“Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ the Facilities Agreement, Deed of Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ the 30th day of ~~October~~June, ~~2000~~ 2010 executed by ~~XXX XXX XXX~~ Jitimin @ Xxxxxxxxx Xxxxxxx (NRIC ~~NO.: 620916~~No. 430713-1012-~~6057/6883778~~5015/H0109372) & Xxxx Xxxxxx Komilus (NRIC No. 760331-12-5003/H0905108) (“~~the~~ Assignor/~~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 (“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,~~ 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, whether on-site or through the Auctioneer’s website. 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. ~~1.7~~ 1.4 In the event the subject matter offered for auction comprises more than one (1) ~~Property~~property, the Auctioneer shall have the right to: - (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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite~~ Housing Loan Agreement And Deed Of Assignment Cum ~~Assignment and~~ Power of Attorney ~~both dated 12th day of October~~Both Dated 26th Day Of August, ~~2000~~ 1997 by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ Xx Xxxxx Xxxx, Soh Hun Eng, Xxx Xxxx Eng & Xxx Xxxx Xxxxx (“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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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: Housing Loan Agreement

RESERVE PRICE AND BIDDING AT AUCTION. 1.1 This sale is made by ~~AmBank~~ Ambank (M) Berhad (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite~~ Loan ~~Agreement Cum~~ Agreement, Deed of Assignment and Power of ~~Attorney both~~ Attorneny all dated ~~12th~~ 14th day of ~~October~~May, ~~2000~~ 2002 by ~~XXX XXX XXX~~ Xxxxxxxxx A/X Xxxxxxxxxxx (~~NRIC NO.: 620916-10-6057/6883778~~“The Borrower”) & Sulochana Devi A/P Sithamparam (“the Assignor/the 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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan~~ Facility Agreement ~~Cum~~ and Deed of Assignment ~~and~~ cum Power of Attorney both dated ~~12th~~ 08th day of ~~October~~January, ~~2000~~ 2021 by XXX XXX XXX ~~(NRIC NO.: 620916-10-6057/6883778)~~ (“the Assignor/Borrower”) and XXX XXXX XXXXX (“the Assignor”) 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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to Composite Loan Agreement ~~Cum~~ and Assignment and Power of Attorney both dated ~~12th day of October~~7th January, ~~2000~~ 2008 by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ XXXXXXXXXX A/L SUPAYAH & MALARVILY A/P MARUTHMUTHU (“the ~~Assignor~~Assignors/~~Borrower~~the 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 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, whether on-site or through the Auctioneer’s website. 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~~ Auct ioneer may decide to adjourn the auction sale to another date. 1.7 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; (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. 1.1 This sale is made by AmBank Islamic Berhad [199401009897 (~~M) Berhad (196901000166 [8515~~295576-~~D])~~ U)] (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ the Master Facility Agreement, Deed of Assignment and Power of Of Attorney ~~both~~ all dated ~~12th~~ the 8th day of ~~October~~April, ~~2000~~ 2019 executed by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ Xxx Xxxxxxxx Xxx Xxx Xxxxx & Wan Eizzul Islam Bin Xxx Xxxxxxxx (“the ~~Assignor~~Assignors/~~Borrower~~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,~~ 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~~, whether on-site or through the Auctioneer’s website~~. 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. 1.7 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 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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite~~ Loan Agreement ~~Cum~~ 3rd Party, Assignment 3rd Party and Power of Attorney ~~both~~ all dated ~~12th~~ 03rd day of ~~October, 2000~~ October 2007 by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ XXXXXXXX A/X XXXXXXXXX (“the Assignor/Borrower”) and PUBALAN A/L CHINNAYAH (“the 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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by AmBank (M) Berhad (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan~~ Facility Agreement ~~Cum~~ and Deed of Assignment ~~and Power of Attorney~~ both dated ~~12th~~ 06th day of ~~October~~May, ~~2000~~ 2020 by ~~XXX~~ XXXX XXX XXX (NRIC NO.: ~~620916~~910118-10-~~6057/6883778~~5100) (“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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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]) (“the Assignee~~D)(“Assignee/Bank”) (formerly known as AmBank Berhad (Company No. 295576- U)) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite~~ the Loan Agreement ~~Cum~~ 3rd Party, Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ the 7th day of ~~October~~January, ~~2000~~ 2005 executed by ~~XXX XXX XXX~~ Xxxx Xxxxxx Xxx X. Rahman (NRIC NONo.: ~~620916~~750613-1011-~~6057/6883778~~5189)) & Xxxxxxxx Xxxxx Xxx Xxxxx (NRIC No.: 550109-11-5052) (“~~the~~ Assignor/~~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 (“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,~~ 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, whether on-site or through the Auctioneer’s website. 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. ~~1.7~~ 1.4 In the event the subject matter offered for auction comprises more than one (1) ~~Property~~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. 1.1 This sale is made by ~~AmBank~~ XxXxxx (M) Berhad [196901000166 (~~196901000166 [~~8515-D]) )] (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ the Facility Agreement, Deed of Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ the 8th day of ~~October~~August, ~~2000~~ 2016 executed by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ Xxxxxx Xxxx A/L Mankuddan (“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,~~ 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~~, whether on-site or through the Auctioneer’s website~~. 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. 1.7 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 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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to Composite Loan Agreement ~~Cum~~ and Assignment and Power of Attorney both dated ~~12th~~ 19th day of ~~October~~April, ~~2000~~ 2006 by XXXXXXXXXX XXX ~~XXX XXX~~ XXXXX (NRIC NO.: ~~620916~~801219-1004-~~6057/6883778~~5351) (“the Assignor/the 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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant ~~to Composite Loan~~ Facility Agreement ~~Cum Assignment and Power of Attorney both~~ dated ~~12th~~ 23rd day of ~~October~~November, ~~2000~~ 2020 and Deed of Assignment dated 10th day of March, 2021 by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ XXXXXXXXXXX A/P XXXXXXXXXX & XXXXXXXXXX A/L XXXXXXXX (“the ~~Assignor~~Assignors/~~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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by ~~AmBank~~ Xxxxxx (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite~~ the Loan ~~Agreement Cum~~ Agreement, Assignment ~~and~~ And Power of Of Attorney ~~both dated 12th day of~~ All Dated 27th Day Of October, ~~2000~~ 2004 by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ XXXXXXX A/P XXXXXXXX (“the Assignor/Borrower”) and SANINATHAM A/X X.NADASAN (”the 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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ Facility Agreement, Deed of Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ 01st day of ~~October~~November, ~~2000~~ 2017 by LOW XXX ~~XXX XXX~~ XXXX (NRIC NO.: ~~620916~~931214-10-~~6057/6883778~~6413) (“the Assignor/the 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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by AmBank (M) Berhad [196901000166 (~~196901000166 [~~8515-D]) )] (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ the Facilities Agreement, Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ 15th day of October, ~~2000~~ 2002 executed by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ Xxxxxxxxxxx A/X Xxxxxxxxx & Xxxxxx A/P Xxxxxxxx (“the ~~Assignor~~Assignors/~~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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by AmBank (M) Berhad ~~(196901000166 [8515-D])~~ (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ the Facility Agreement, Deed of Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ the 22nd day of ~~October~~May, ~~2000~~ 2018 executed by ~~XXX XXX XXX~~ Xxxxxxx Xxx & Xxx Xxxxx Xxxxx (~~NRIC NO.: 620916-10-6057/6883778~~f) (“the ~~Assignor/Borrower~~Assignor(s)/Xxxxxxxx(s)”) 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 Each bid ~~will~~ may be called for ~~3 times~~three (3) times (Calling Once, ~~“First Calling~~Calling Twice, ~~“Second Calling”, “~~Last & Final Call”). ~~Bidders~~ You may ~~submit their~~ place bid at any ~~of these~~ stages during the three (3) call cycles. If a new bid is received during the three (3) call cycles, the call cycles will be repeated. The Auctioneer has the absolute right to determine whether to accept or reject any bid submitted after such stages of ~~biddings~~bidding. 1.4 ~~When system displays “No More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the Auctioneer’s website. 1.5~~ The ~~bidder~~ Bidder with the highest bid ~~shall~~ will be declared as ~~successful bidder~~ the purchaser (“Purchaser”) upon PMSB System displays hammer down and “Bidding Ended (sold)” and the ~~fall of hammer~~hammer down price will be the Purchase Price. ~~1.6~~ 1.5 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. ~~1.7~~ 1.6 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; (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. 1.1 This sale is made by AmBank (M) Berhad ~~(196901000166 [8515-D])~~ (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ the Facility Agreement, Deed of Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ the 05th day of ~~October~~February, ~~2000~~ 2018 executed by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ Xxxxx Xxx Xxxx (“the ~~Assignor/Borrower~~Assignor(s)/Borrower(s)”) 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 Each bid ~~will~~ may be called for ~~3 times~~three (3) times (Calling Once, ~~“First Calling~~Calling Twice, ~~“Second Calling”, “~~Last & Final Call”). ~~Bidders~~ You may ~~submit their~~ place bid at any ~~of these~~ stages during the three (3) call cycles. If a new bid is received during the three (3) call cycles, the call cycles will be repeated. The Auctioneer has the absolute right to determine whether to accept or reject any bid submitted after such stages of ~~biddings~~bidding. 1.4 ~~When system displays “No More Bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the Auctioneer’s website. 1.5~~ The ~~bidder~~ Bidder with the highest bid ~~shall~~ will be declared as ~~successful bidder~~ the purchaser (“Purchaser”) upon PMSB System displays hammer down and “Bidding Ended (sold)” and the ~~fall of hammer~~hammer down price will be the Purchase Price. ~~1.6~~ 1.5 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. ~~1.7~~ 1.6 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; (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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ Facility Agreement, Deed of Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ 13th day of ~~October~~August, ~~2000~~ 2020 by ~~XXX XXX~~ XXXX XXXX XXX (NRIC NO.: ~~620916~~790326-1014-~~6057/6883778~~6069) (“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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by AmBank Islamic Berhad [199401009897 (~~M) Berhad (196901000166 [8515~~295576-~~D])~~ U)] (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan~~ the Facility Agreement ~~Cum~~ and Deed of Assignment ~~and Power of Attorney~~ both dated ~~12th~~ the 31st day of ~~October~~March, ~~2000~~ 2022 executed by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ Xxxxxx Binti Xxxxx Xxxxxxxx & Xxxxxx Xxxxx Xxx Xxxxx (“the ~~Assignor~~Assignors/~~Borrower~~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,~~ 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~~, whether on-site or through the Auctioneer’s website~~. 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. 1.7 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 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 and Deed of Assignment

RESERVE PRICE AND BIDDING AT AUCTION. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad (196901000166~~ Xxxxxx(196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ Facility Agreement, Deed of Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ 04th day of ~~October~~March, ~~2000~~ 2019 by XXX XXX ~~XXX~~ XXXX (NRIC NO.: ~~620916~~830311-1008-~~6057/6883778~~5519) (“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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ Facilities Agreement, Assignment ~~and~~ And Power of Of Attorney ~~both dated 12th day of~~ All Dated 08th Day Of October, ~~2000~~ 2002 by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ Xxxxxxxxx A/X Xxxxxxxx & Xxxxxxxxx A/P Jaiandaram (“the ~~Assignor~~Assignors/~~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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by AmBank (M) Berhad [196901000166 (~~196901000166 [~~8515-D]) )] (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ the Facility Agreement, Deed Of Assignment ~~and~~ And Power of Of Attorney ~~both dated 12th day of October~~All Dated 08th Day Of February, ~~2000~~ 2018 executed by ~~XXX XXX XXX~~ Xxx Xxxxx Xxxx (~~NRIC NO.: 620916-10-6057/6883778~~Xxxxx Xxxxxxx) (“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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ Facility Agreement, Deed of Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ 16th day of ~~October~~March, ~~2000~~ 2018 by XXXX XXX XXX ~~XXX (NRIC NO.: 620916-10-6057/6883778)~~ (“the Assignor/the Borrower”) and NG SAY HUAT (“the Assignor”) 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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) ~~Berhad~~ Xxxxxx (196901000166 [8515-D]) (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite~~ Housing Loan Agreement ~~Cum~~ And Deed Of Assignment ~~and Power of Attorney both dated 12th day of October~~Both Dated 26th Day Of August, ~~2000~~ 1997 by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ Xx Xxxxx Xxxx, Soh Hun Eng, Xxx Xxxx Eng & Xxx Xxxx Xxxxx (“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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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: Housing Loan Agreement

RESERVE PRICE AND BIDDING AT AUCTION. 1.1 This sale is made by AmBank (M) Berhad [196901000166 (~~196901000166 [~~8515-D]) )] (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite Loan Agreement Cum~~ the Facilities Agreement, Deed of Assignment and Power of Attorney ~~both~~ all dated ~~12th~~ the 21st day of ~~October~~July, ~~2000~~ 2008 executed by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ Xxxx Xxx Xxxx & Xxxxxx Xxx (“the ~~Assignor~~Assignors/~~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,~~ 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~~, whether on-site or through the Auctioneer’s website~~. 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. 1.7 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 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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) Berhad ~~(196901000166~~ [8515-D]) ] (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to ~~Composite~~ the Loan Agreement Cum Deed of Assignment and Power of Attorney both dated ~~12th~~ 08th day of ~~October~~September, 2000 executed by XXXXXXXXXXX XXX ~~XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ XXXXXX (“the Assignor/Borrower”) and XXXXXXX XXXXXXX XXXXX XXXXXX XXXXXX (“The 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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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]) (formerly known as AmBank Berhad (Company No. 295576-U)) (“~~the~~ Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to the Composite Loan Agreement ~~Cum~~ and Assignment and Power of Attorney both dated ~~12th~~ the 31st day of ~~October~~May, ~~2000~~ 2005 executed by ~~XXX XXX XXX~~ Xxx Xxx Xxx (NRIC ~~NO.: 620916~~No. 810510-1008-~~6057/6883778~~5177) & Xxx Xxxx Sing (NRIC No. 790610-08-5806) (“~~the Assignor~~Assignors/~~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 (“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,~~ 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, whether on-site or through the Auctioneer’s website. 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. ~~1.7~~ 1.4 In the event the subject matter offered for auction comprises more than one (1) ~~Property~~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. 1.1 This sale is made by ~~AmBank~~ Ambank (M) Berhad [196901000166 (~~196901000166 [~~8515-D]) )] (“the Assignee/Bank”) in exercise of the rights and powers conferred upon the Assignee/Bank pursuant to Composite Loan Agreement ~~Cum~~ and Assignment and Power Of Attorney Both Dated 11th Day of ~~Attorney both dated 12th day of October~~August, ~~2000~~ 2005 by ~~XXX XXX XXX (NRIC NO.: 620916-10-6057/6883778)~~ AWANG BIN RUSLI & JUHASRY BIN AWANG (“the ~~Assignor~~Assignors/~~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 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, whether on-site or through the Auctioneer’s website. 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. 1.7 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; (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

Common use of RESERVE PRICE AND BIDDING AT AUCTION Clause in Contracts