Common use of Sale Process Clause in Contracts

Sale Process. Rapaport and the Supplier agree as follows: i. The date, place and time of the Sale shall be agreed by both parties. ii. The names of all bidders/Buyers shall remain confidential to Rapaport. iii. In the case of Sale by auction or tender: 1. Subject to Section A2, the amount of bids shall remain confidential to Rapaport, except that highest bids will be disclosed to Supplier after Auction Close. 2. Unless otherwise mutually agreed, Xxxxxxxx will not disclose the winning bid amounts to the bidders. iv. Unless Supplier has elected the option described in this Section C.4.(d) below, in which case, subject to the terms of that section, Rapaport guarantees return of the Merchandise or payment to Supplier of the high bid/buy-now price minus commission due under this Agreement (“Sale Fee”) and agreed expenses. v. The Merchandise shall continue to be the property of the Supplier, until payment in full has been received in respect of the Merchandise, subject, to any liens imposed to secure any Supplier Advance. vi. All bids are not final until payment has been received by Rapaport in full from the successful bidder/Buyer. Supplier shall pay the user fee tax for the importation of the Merchandise calculated at 0.3464% of the estimated value of the Merchandise. Rapaport shall have the right to deduct the user fee tax and any other taxes due from the sale of the Merchandise from the proceeds of the Sale. The Merchandise shall be at the Supplier’s risk until collected by Xxxxxxxx’x courier and thereafter at the risk of Rapaport.

Sale Process. Rapaport and the Supplier agree as follows: i. The date, place and time of the Sale shall be agreed by both parties. ii. The names of all bidders/Buyers shall remain confidential to Rapaport. iii. In the case of Sale by auction or tender: 1. Subject to Section A2, the amount of bids shall remain confidential to Rapaport, except that highest bids will be disclosed to Supplier after Auction Close. 2. Unless otherwise mutually agreed, Xxxxxxxx Rapaport will not disclose the winning bid amounts to the bidders. iv. Unless Supplier has elected the option described in this Section C.4.(d) below, in which case, subject to the terms of that section, Rapaport guarantees return of the Merchandise or payment to Supplier of the high bid/buy-now price minus commission due under this Agreement (“Sale Fee”) and agreed expenses. v. The Merchandise shall continue to be the property of the Supplier, until payment in full has been received in respect of the Merchandise, subject, to any liens imposed to secure any Supplier Advance. vi. All bids are not final until payment has been received by Rapaport in full from the successful bidder/Buyer. Supplier shall pay the user fee tax for the importation of the Merchandise calculated at 0.3464% of the estimated value of the Merchandise. Rapaport shall have the right to deduct the user fee tax and any other taxes due from the sale of the Merchandise from the proceeds of the Sale. The Merchandise shall be at the Supplier’s risk until collected by Xxxxxxxx’x Rapaport’s courier and thereafter at the risk of Rapaport.