Common use of Right to Bid Clause in Contracts

Right to Bid. to bid without having to deposit with the Auctioneer the requisite ten per cent (10%) of the Reserve Price or a minimum of RM2,000.00 whichever is higher, by itself or its agent. In the event that the Assignee/Bank is the successful bidder and so declared by the Auctioneer, the Assignee/Bank shall have the liberty to set off the purchase price against the amount due and owing by the Assignor/Customer under the Master Facility Agreement dated the 20th day of December, 2019 and Deed of Assignment dated the 25th day of August, 2020 and all costs and expenses of, in connection with and resulting from the sale;

Right to Bid. to bid without having to deposit with the Auctioneer the requisite ten per cent (10%) of the Reserve Price or a minimum of RM2,000.00 whichever is higher, by itself or its agent. In the event that the Assignee/Bank is the successful bidder and so declared by the Auctioneer, the Assignee/Bank shall have the liberty to set off the purchase price against the amount due and owing by the Assignor/Customer Assignor(s)/Borrower(s) under the Master Facility Loan Agreement and Deed of Assignment both dated the 20th 13th day of December, 2019 and Deed of Assignment dated the 25th day of August, 2020 1993 and all costs and expenses of, in connection with and resulting from the sale;

Right to Bid. to bid without having to deposit with the Auctioneer the requisite ten per cent (10%) of the Reserve Price or a minimum of RM2,000.00 whichever is higher, by itself or its agent. In the event that the Assignee/Bank is the successful bidder and so declared by the Auctioneer, the Assignee/Bank shall have the liberty to set off the purchase price against the amount due and owing by the Assignor/Customer Assignor(s)/Borrower(s) under the Master Facility Agreement Agreement, Deed of Assignment and Power of Attorney all dated the 20th 10th day of December, 2019 and Deed of Assignment dated the 25th day of August, 2020 2018 and all costs and expenses of, in connection with and resulting from the sale;

Right to Bid. to bid without having to deposit with the Auctioneer the requisite ten per cent (10%) of the Reserve Price or a minimum of RM2,000.00 whichever is higher, by itself or its agent. In the event that the Assignee/Bank is the successful bidder and so declared by the Auctioneer, the Assignee/Bank shall have the liberty to set off the purchase price against the amount due and owing by the Assignor/Customer Assignor(s)/Borrower(s) under the Master Facility Agreement Agreement, Deed of Assignment and Power of Attorney all dated the 20th day of DecemberJuly, 2019 and Deed of Assignment dated the 25th day of August, 2020 2016 and all costs and expenses of, in connection with and resulting from the sale;