Rules of auction. 13.1 The purchaser records that he shall be bound by announcements made by the Auctioneer at the commencement of and during the sale whether or not he is present at the time such announcements are made. 13.2 Should the Purchaser fail to sign this Agreement immediately after the property shall have been knocked down to him, when requested to do so, the Auctioneer may without prejudice to any other remedies available to him, declare the sale cancelled and again put up the property for auction. 13.3 If the highest bidder to whom the property is knocked down is acting on behalf of a principal he shall on signature of this Agreement declare the name and address of his principal to the Auctioneer and furnish to the Auctioneer his written authorisation so to act. 13.4 The conduct and control of the auction shall be executed entirely by the Auctioneer, who will regulate advances of bidding. 13.5 The Auctioneer alone shall have the right at any stage of the auction of determining the last bidder. 13.6 The Auctioneer shall have the right to discontinue and recommence the auction. 13.7 The Auctioneer may reject or refuse to accept any bid including the highest bid without assigning any reason therefore, and he may withdraw the property for sale either before or after it has been put up for auction. Any refusal or withdrawal by the Auctioneer shall be deemed to be a refusal or withdrawal by the Seller. 13.8 The Auctioneer or his agent shall be entitled to bid for the property on behalf of the Seller. 13.9 Should any dispute, disagreement or claim arise between bidders at the Auction, the parties shall submit the dispute for resolution by the Auctioneer whose decision shall be final and binding on the parties. 13.10 Each bid shall be a binding offer and will be irrevocable until such time that the property is knocked down which shall however be subject to confirmation by the Seller within 5 days (Five days) of the auction ("the confirmation period") on the basis that – 13.10.1 Should the sale of the property be confirmed by the Seller the Auctioneer shall inform the Purchaser thereof personally ,by email or at his chosen domicilium within the confirmation period, failing which the property shall be deemed not to have been sold. 13.10.2 During the confirmation period :-‐ 13.10.2.1.1 the Purchaser shall not be entitled to withdraw his bid; 13.10.2.1.2 should the Auctioneer receive a higher offer which is acceptable to the Seller, within the confirmation period from any person, the Purchaser shall be entitled to equal such higher offer, for confirmation by the Seller failing which the property shall be deemed not to have been sold to the Purchaser. 13.11 In the event that the property shall consist of several lots the Auctioneer may offer the property in the first instance in one lot or in several lots as he may determine at the sale; or withdraw the property or any lot at any time before it has been actually knocked down. 13.12 As the Auctioneer is acting as agent for the Seller, the Purchaser shall not have any claim against the Auctioneer howsoever arising and whether the Seller's name is disclosed or not.
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Rules of auction. 13.1 The purchaser records that he shall be bound by announcements made by the Auctioneer at the commencement of and during the sale whether or not he is present at the time such announcements are made.
13.2 Should the Purchaser fail to sign this Agreement immediately after the property shall have been knocked down to him, when requested to do so, the Auctioneer may without prejudice to any other remedies available to him, declare the sale cancelled and again put up the property for auction.
13.3 If the highest bidder to whom the property is knocked down is acting on behalf of a principal he shall on signature of this Agreement declare the name and address of his principal to the Auctioneer and furnish to the Auctioneer his written authorisation so to act.
13.4 The conduct and control of the auction shall be executed entirely by the Auctioneer, who will regulate advances of bidding.
13.5 The Auctioneer alone shall have the right at any stage of the auction of determining the last bidder.
13.6 The Auctioneer shall have the right to discontinue and recommence the auction.
13.7 The Auctioneer may reject or refuse to accept any bid including the highest bid without assigning any reason therefore, and he may withdraw the property for sale either before or after it has been put up for auction. Any refusal or withdrawal by the Auctioneer shall be deemed to be a refusal or withdrawal by the Seller.
13.8 The Auctioneer or his agent shall be entitled to bid for the property on behalf of the Seller.
13.9 Should any dispute, disagreement or claim arise between bidders at the Auction, the parties shall submit the dispute for resolution by the Auctioneer whose decision shall be final and binding on the parties.
13.10 Each bid shall be a binding offer and will be irrevocable until such time that the property is knocked down which shall however be subject to confirmation by the Seller within 5 10 days (Five Ten days) of the auction ("the confirmation period") on the basis that –
13.10.1 Should the sale of the property be confirmed by the Seller the Auctioneer shall inform the Purchaser thereof personally ,by email or at his chosen domicilium within the confirmation period, failing which the property shall be deemed not to have been sold.
13.10.2 During the confirmation period :-‐
13.10.2.1.1 the Purchaser shall not be entitled to withdraw his bid; 13.10.2.1.2 should the Auctioneer receive a higher offer which is acceptable to the Seller, within the confirmation period from any person, the Purchaser shall be entitled to equal such higher offer, for confirmation by the Seller failing which the property shall be deemed not to have been sold to the Purchaser.
13.11 In the event that the property shall consist of several lots the Auctioneer may offer the property in the first instance in one lot or in several lots as he may determine at the sale; or withdraw the property or any lot at any time before it has been actually knocked down.
13.12 As the Auctioneer is acting as agent for the Seller, the Purchaser shall not have any claim against the Auctioneer howsoever arising and whether the Seller's name is disclosed or not.
Appears in 1 contract
Rules of auction. 13.1 The purchaser records that he shall be bound by announcements made by the Auctioneer at the commencement of and during the sale whether or not he is present at the time such announcements are made.
13.2 Should the Purchaser fail to sign this Agreement immediately after the property shall have been knocked down to him, when requested to do so, the Auctioneer may without prejudice to any other remedies available to him, declare the sale cancelled and again put up the property for auction.
13.3 If the highest bidder to whom the property is knocked down is acting on behalf of a principal he shall on signature of this Agreement declare the name and address of his principal to the Auctioneer and furnish to the Auctioneer his written authorisation so to act.
13.4 The conduct and control of the auction shall be executed entirely by the Auctioneer, who will regulate advances of bidding.
13.5 The Auctioneer alone shall have the right at any stage of the auction of determining the last bidder.
13.6 The Auctioneer shall have the right to discontinue and recommence the auction.
13.7 The Auctioneer may reject or refuse to accept any bid including the highest bid without assigning any reason therefore, and he may withdraw the property for sale either before or after it has been put up for auction. Any refusal or withdrawal by the Auctioneer shall be deemed to be a refusal or withdrawal by the Seller.
13.8 The Auctioneer or his agent shall be entitled to bid for the property on behalf of the Seller.
13.9 Should any dispute, disagreement or claim arise between bidders at the Auction, the parties shall submit the dispute for resolution by the Auctioneer whose decision shall be final and binding on the parties.
13.10 Each bid shall be a binding offer and will be irrevocable until such time that the property is knocked down which shall however be subject to confirmation by the Seller within 5 4 days (Five four days) of the auction ("the confirmation period") on the basis that –
13.10.1 Should the sale of the property be confirmed by the Seller the Auctioneer shall inform the Purchaser thereof personally ,by email or at his chosen domicilium within the confirmation period, failing which the property shall be deemed not to have been sold.
13.10.2 During the confirmation period :-‐
13.10.2.1.1 the Purchaser shall not be entitled to withdraw his bid; 13.10.2.1.2 should the Auctioneer receive a higher offer which is acceptable to the Seller, within the confirmation period from any person, the Purchaser shall be entitled to equal such higher offer, for confirmation by the Seller failing which the property shall be deemed not to have been sold to the Purchaser.
13.11 In the event that the property shall consist of several lots the Auctioneer may offer the property in the first instance in one lot or in several lots as he may determine at the sale; or withdraw the property or any lot at any time before it has been actually knocked down.
13.12 As the Auctioneer is acting as agent for the Seller, the Purchaser shall not have any claim against the Auctioneer howsoever arising and whether the Seller's name is disclosed or not.
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Samples: Agreement of Sale of Immovable Property by Public Auction
Rules of auction. 13.1 The purchaser records By his/her/it’s signature to this Agreement, the Purchaser acknowledges that he he/she/it shall be bound by announcements made by the Auctioneer at the commencement of and during the sale auction, whether or not he the Purchaser is present at the time such announcements are made.
13.2 Should the Purchaser fail to sign this Agreement immediately after the property shall have been knocked down fall of the hammer pertaining to himthe Share Blocks herein, when requested to do so, the Auctioneer may may, without prejudice to any other remedies available to himthe Auctioneer, declare the sale herein cancelled and again put up the property Share Blocks for auction.
13.3 If the highest bidder to whom the property Share Blocks is knocked down is acting on behalf of a principal then, in such event, he shall on signature of this Agreement declare the name and address of his the principal to the Auctioneer and shall immediately furnish to the Auctioneer his with the necessary written authorisation so to act.
13.4 The conduct and control of the auction shall be executed entirely by the Auctioneer, who will regulate advances of bidding.
13.5 The Auctioneer alone shall have the right at any stage of the auction of determining the last bidder.
13.6 The Auctioneer shall have the right to discontinue and recommence the auction.
13.7 The Auctioneer may reject or refuse to accept any bid including the highest bid bd without assigning any reason therefore, and he may withdraw the property Share Blocks for sale either before or after it has been put up for auction. Any refusal or withdrawal by the Auctioneer shall be deemed to be a refusal or withdrawal by the Seller.
13.8 The Auctioneer Auctioneer, or his agent agent, shall be entitled to bid for the property Share Blocks on behalf of the Seller.
13.9 Should any dispute, disagreement or claim arise between bidders at the Auctionauction, the parties to the dispute shall submit the dispute for resolution by the Auctioneer whose decision shall be final and binding on the parties.
13.10 Each bid shall be a binding offer and will be irrevocable until such time that the property is Share Blocks is/are knocked down which shall however be subject to confirmation by the Seller Share Block Company within 5 days 30 (Five thirty) calendar days) of , as set out in clause 5.1.3 above, (the auction ("the confirmation period"“Confirmation Period”) on the basis that –that:-
13.10.1 Should the sale of the property Share Blocks herein be confirmed by the Seller Share Block Company within the Confirmation Period, the Auctioneer shall inform the Purchaser thereof personally ,personally, by email e-mail or at his the Purchaser’s chosen domicilium within the confirmation periodConfirmation Period, failing which the property Share Blocks shall be have been deemed not to have been sold.
13.10.2 During the confirmation period :-‐Confirmation Period:-
13.10.2.1.1 the 13.10.2.1 The Purchaser shall not be entitled to withdraw his bid; 13.10.2.1.2 should and/or
13.10.2.2 Should the Auctioneer receive a higher offer which is acceptable to the SellerSeller and Share Block Company, within the confirmation period Confirmation Period from any personperson and/or entity, the Purchaser shall be entitled to equal such higher offer, for confirmation by the Seller and Share Block Company, failing which the property Share Blocks herein shall be deemed not to have been sold to the Purchaser.
13.11 In the event that the property shall consist of several lots the Auctioneer may offer the property in the first instance in one lot or in several lots as he may determine at the sale; or withdraw the property or any lot at any time before it has been actually knocked down.
13.12 As the Auctioneer is acting as agent for the Seller, the Purchaser shall not have any claim against the Auctioneer howsoever arising and whether the Seller's ’s name is disclosed or not.
13.12 The Auctioneer shall be under no financial liability in respect of any matters arising out of the auction or particulars of sale or in the conditions of sale.
13.13 The Purchaser shall have no claim against the Auctioneer in respect of any damage or claim suffered by or made against the Purchaser by reason of the Purchaser entering into the contract to purchase and/or to acquire any other interest in the Share Blocks.
13.14 By their signatures hereto, the parties to this Agreement hereby record their acceptance of the conditions governing the rights and duties recorded in this Agreement.
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Samples: Memorandum of Agreement
Rules of auction. 13.1 The purchaser records that he shall be bound by announcements made by the Auctioneer at the commencement of and during the sale whether or not he is present at the time such announcements are made.
13.2 Should the Purchaser fail to sign this Agreement immediately after the property shall have been knocked down to him, when requested to do so, the Auctioneer may without prejudice to any other remedies available to him, declare the sale cancelled and again put up the property for auction.
13.3 If the highest bidder to whom the property is knocked down is acting on behalf of a principal he shall on signature of this Agreement declare the name and address of his principal to the Auctioneer and furnish to the Auctioneer his written authorisation so to act.
13.4 The conduct and control of the auction shall be executed entirely by the Auctioneer, who will regulate advances of bidding.
13.5 The Auctioneer alone shall have the right at any stage of the auction of determining the last bidder.
13.6 The Auctioneer shall have the right to discontinue and recommence the auction.
13.7 The Auctioneer may reject or refuse to accept any bid including the highest bid without assigning any reason therefore, and he may withdraw the property for sale either before or after it has been put up for auction. Any refusal or withdrawal by the Auctioneer shall be deemed to be a refusal or withdrawal by the Seller.
13.8 The Auctioneer or his agent shall be entitled to bid for the property on behalf of the Seller.
13.9 Should any dispute, disagreement or claim arise between bidders at the Auction, the parties shall submit the dispute for resolution by the Auctioneer whose decision shall be final and binding on the parties.
13.10 Each bid shall be a binding offer and will be irrevocable until such time that the property is knocked down which shall however be subject to confirmation by the Seller within 5 30 days (Five Thirty) days) of the auction ("the confirmation period") on the basis that –
13.10.1 Should the sale of the property be confirmed by the Seller the Auctioneer shall inform the Purchaser thereof personally ,personally, by email or at his chosen domicilium within the confirmation period, failing which the property shall be deemed not to have been sold.
13.10.2 During the confirmation period :-‐
13.10.2.1.1 the Purchaser shall not be entitled to withdraw his bid; 13.10.2.1.2 should the Auctioneer receive a higher offer which is acceptable to the Seller, within the confirmation period from any person, the Purchaser shall be entitled to equal such higher offer, for confirmation by the Seller failing which the property shall be deemed not to have been sold to the Purchaser.
13.11 In the event that the property shall consist of several lots the Auctioneer may offer the property in the first instance in one lot or in several lots as he may determine at the sale; or withdraw the property or any lot at any time before it has been actually knocked down.
13.12 As the Auctioneer is acting as agent for the Seller, the Purchaser shall not have any claim against the Auctioneer howsoever arising and whether the Seller's name is disclosed or not.
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