Common use of THE BIDDERS Clause in Contracts

THE BIDDERS. 3.1 All intending bidders (Site Bidding) shall be required to verify their identities by producing for inspection by the Auctioneer their identity cards prior to the commencement of the auction sale, failing which they shall not be entitled to participate in the bidding. 3.2 All Online Bidder shall be required to follow the requirement as per the Online Terms and Conditions of Sale prior to the commencement of the auction vide online, failing which they shall not be entitled to participate in the bidding. 3.3 In the event that Auctioneer in his absolute discretion so request, the intending bidders shall deposit with the Auctioneer a photocopy of their respective identity cards. 3.4 In the event that an intending bidder is bidding at the auction sale on behalf of another party, such intending bidder (“The Agent”) shall be deemed to be an agent of the party for whom he/she is bidding the property for. 3.5 Prior to the commencement of the auction sale the agent shall disclose to the Auctioneer that he/she will be bidding the property in his capacity as an agent for the principal. The agent shall further prior to the commencement of the auction sale disclose to the Auctioneer the identity of the principal. 3.6 The agent shall deposit with the Auctioneer prior to the auction sale such instrument of authority from the principal authorizing the agent to bid at the auction sale. The Auctioneer shall have the absolute discretion to determine whether the instrument of authority is acceptable to the Auctioneer to permit the agent to bid at the auction sale. The decision of the Auctioneer in this respect shall be final. 3.7 A person who has not reached the age of majority as defined under the Age of Majority Act 1971 (Act 21), which is eighteen (18) years of age at the date of the auction sale or a bankrupt shall not be permitted to bid in his personal capacity or act as an agent of the principal at the auction sale. 3.8 In the event a bankrupt bids or acts as agent in relation to the sale of the property, the Bidding Deposit or Purchaser Deposit, as the case may be, shall be forfeited by MBSB BANK BERHAD and the property may be put up for sale again at a date to be fixed by MBSB BANK BERHAD. 3.9 Where the bidder is a foreigner or a foreign controlled company, it shall be the bidder’s duty to ensure that the bidder is permitted by the prevailing laws, regulation and guidelines to purchase the Property. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder. 3.10 MBSB BANK BERHAD may exercise their right to reconsider the bidding process in the event MBSB BANK BERHAD right are not adequately protected for any reason whatsoever.

THE BIDDERS. 3.1 All intending bidders (Site Bidding) shall be required to verify their identities by producing for inspection by the Auctioneer their identity cards prior to the commencement of the auction sale, failing which they shall not be entitled to participate in the bidding. 3.2 All Online Bidder shall be required to follow the requirement as per the Online Terms and Conditions of Sale prior to the commencement of the auction vide online, failing which they shall not be entitled to participate in the bidding. 3.3 In the event that Auctioneer in his absolute discretion so request, the intending bidders shall deposit with the Auctioneer a photocopy of their respective identity cards. 3.4 3.3 In the event that an intending bidder is bidding at the auction sale on behalf of another party, such intending bidder (“The Agent”) shall be deemed to be an agent of the party for whom he/she is bidding the property for. 3.5 3.4 Prior to the commencement of the auction sale the agent shall disclose to the Auctioneer that he/she will be bidding the property in his capacity as an agent for the principal. The agent shall further prior to the commencement of the auction sale disclose to the Auctioneer the identity of the principal. 3.6 3.5 The agent shall deposit with the Auctioneer prior to the auction sale such instrument of authority from the principal authorizing the agent to bid at the auction sale. The Auctioneer shall have the absolute discretion to determine whether the instrument of authority is acceptable to the Auctioneer to permit the agent to bid at the auction sale. The decision of the Auctioneer in this respect shall be final. 3.7 3.6 A person who has not reached the age of majority as defined under the Age of Majority Act 1971 (Act 21), which is eighteen (18) Eighteen years of age at the date of the auction sale or a bankrupt shall not be permitted to bid in his personal capacity or act as an agent of the principal at the auction sale. 3.8 3.7 In the event a bankrupt bids or acts as agent in relation to the sale of the property, the Bidding Deposit or Purchaser Deposit, as the case may be, shall be forfeited by MBSB BANK BERHAD and the property may be put up for sale again at a date and time to be fixed by MBSB BANK BERHADMBSB. 3.9 3.8 Where the bidder is a foreigner or a foreign controlled company, it shall be the bidder’s duty to ensure that the bidder is permitted by the prevailing laws, regulation and guidelines to purchase the Property. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder. 3.10 3.9 The Auctioneer with the consent of MBSB BANK BERHAD may exercise their shall have the absolute discretion and right to reconsider the bidding process in the event MBSB BANK BERHAD right are not adequately protected for reject any reason whatsoeverbid by any bidder.

THE BIDDERS. 3.1 All intending bidders (Site Bidding) shall be required to verify their identities by producing for inspection by the Auctioneer their identity cards prior to the commencement of the auction sale, failing which they shall not be entitled to participate in the bidding. 3.2 All Online Bidder shall be required to follow the requirement as per the Online Terms and Conditions of Sale prior to the commencement of the auction vide online, failing which they shall not be entitled to participate in the bidding. 3.3 In the event that Auctioneer in his absolute discretion so request, the intending bidders shall deposit with the Auctioneer a photocopy of their respective identity cards. 3.4 In the event that an intending bidder is bidding at the auction sale on behalf of another party, such intending bidder (“The Agent”) shall be deemed to be an agent of the party for whom he/she is bidding the property for. 3.5 Prior to the commencement of the auction sale the agent shall disclose to the Auctioneer that he/she will be bidding the property in his capacity as an agent for the principal. The agent shall further prior to the commencement of the auction sale disclose to the Auctioneer the identity of the principal. 3.6 The agent shall deposit with the Auctioneer prior to the auction sale such instrument of authority from the principal authorizing the agent to bid at the auction sale. The Auctioneer shall have the absolute discretion to determine whether the instrument of authority is acceptable to the Auctioneer to permit the agent to bid at the auction sale. The decision of the Auctioneer in this respect shall be final. 3.7 A person who has not reached the age of majority as defined under the Age of Majority Act 1971 (Act 21), which is eighteen (18) years of age at the date of the auction sale or a bankrupt shall not be permitted to bid in his personal capacity or act as an agent of the principal at the auction sale. 3.8 In the event a bankrupt bids or acts as agent in relation to the sale of the property, the Bidding Deposit or Purchaser Deposit, as the case may be, shall be forfeited by MBSB BANK BERHAD and the property may be put up for sale again at a date to be fixed by MBSB BANK BERHAD. 3.9 Where the bidder is a foreigner or a foreign controlled company, it shall be the bidder’s duty to ensure that the bidder is permitted by the prevailing laws, regulation and guidelines to purchase the Property. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder. 3.10 MBSB BANK BERHAD may exercise their right to reconsider the bidding process in the event MBSB BANK BERHAD right are not adequately protected for any reason whatsoever.

THE BIDDERS. 3.1 All intending bidders (Site Bidding) shall be required to verify their identities by producing for inspection by the Auctioneer their identity cards prior to the commencement of the auction sale, failing which they shall not be entitled to participate in the bidding. 3.2 All Online Bidder shall be required to follow the requirement as per the Online Terms and Conditions of Sale prior to the commencement of the auction vide online, failing which they shall not be entitled to participate in the bidding. 3.3 In the event that Auctioneer in his absolute discretion so request, the intending bidders shall deposit with the Auctioneer a photocopy of their respective identity cards. 3.4 3.3 In the event that an intending bidder is bidding at the auction sale on behalf of another party, such intending bidder (“The Agent”) shall be deemed to be an agent of the party for whom he/she is bidding the property for. 3.5 3.4 Prior to the commencement of the auction sale the agent shall disclose to the Auctioneer that he/she will be bidding the property in his capacity as an agent for the principal. The agent shall further prior to the commencement of the auction sale disclose to the Auctioneer the identity of the principal. 3.6 3.5 The agent shall deposit with the Auctioneer prior to the auction sale such instrument of authority from the principal authorizing the agent to bid at the auction sale. The Auctioneer shall have the absolute discretion to determine whether the instrument of authority is acceptable to the Auctioneer to permit the agent to bid at the auction sale. The decision of the Auctioneer in this respect shall be final. 3.7 3.6 A person who has not reached the age of majority as defined under the Age of Majority Act 1971 (Act 21), which is eighteen (18) years of age at the date of the auction sale or a bankrupt shall not be permitted to bid in his personal capacity or act as an agent of the principal at the auction sale. 3.8 3.7 In the event a bankrupt bids or acts as agent in relation to the sale of the property, the Bidding Deposit or Purchaser Deposit, as the case may be, shall be forfeited by MBSB BANK BERHAD and the property may be put up for sale again at a date to be fixed by MBSB BANK BERHAD. 3.9 3.8 Where the bidder is a foreigner or a foreign controlled company, it shall be the bidder’s duty to ensure that the bidder is permitted by the prevailing laws, regulation and guidelines to purchase the Property. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder. 3.10 3.9 The Auctioneer with the consent of MBSB BANK BERHAD may exercise their shall have the absolute discretion and right to reconsider the bidding process in the event MBSB BANK BERHAD right are not adequately protected for reject any reason whatsoever.bid by any bidder

THE BIDDERS. 3.1 All intending bidders (Site Bidding) shall be required to verify their identities by producing for inspection by the Auctioneer their identity cards prior to the commencement of the auction sale, failing which they shall not be entitled to participate in the bidding. 3.2 All Online Bidder shall be required to follow the requirement as per the Online Terms and Conditions of Sale prior to the commencement of the auction vide online, failing which they shall not be entitled to participate in the bidding. 3.3 In the event that Auctioneer in his absolute discretion so request, the intending bidders shall deposit with the Auctioneer a photocopy of their respective identity cards. 3.4 3.3 In the event that an intending bidder is bidding at the auction sale on behalf of another party, such intending bidder (“The Agent”) shall be deemed to be an agent of the party for whom he/she is bidding the property for. 3.5 3.4 Prior to the commencement of the auction sale the agent shall disclose to the Auctioneer that he/she will be bidding the property in his capacity as an agent for the principal. The agent shall further prior to the commencement of the auction sale disclose to the Auctioneer the identity of the principal. 3.6 3.5 The agent shall deposit with the Auctioneer prior to the auction sale such instrument of authority from the principal authorizing the agent to bid at the auction sale. The Auctioneer shall have the absolute discretion to determine whether the instrument of authority is acceptable to the Auctioneer to permit the agent to bid at the auction sale. The decision of the Auctioneer in this respect shall be final. 3.7 3.6 A person who has not reached the age of majority as defined under the Age of Majority Act 1971 (Act 21), which is eighteen (18) Eighteen years of age at the date of the auction sale or a bankrupt shall not be permitted to bid in his personal capacity or act as an agent of the principal at the auction sale. 3.8 3.7 In the event a bankrupt bids or acts as agent in relation to the sale of the property, the Bidding Deposit or Purchaser Deposit, as the case may be, shall be forfeited by MBSB BANK BERHAD ABB and the property may be put up for sale again at a date and time to be fixed by MBSB BANK BERHADABB. 3.9 3.8 Where the bidder is a foreigner or a foreign controlled company, it shall be the bidder’s duty to ensure that the bidder is permitted by the prevailing laws, regulation and guidelines to purchase the Property. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder. 3.10 MBSB BANK BERHAD may exercise their 3.9 The Auctioneer with the consent of ABB shall have the absolute discretion and right to reconsider the bidding process in the event MBSB BANK BERHAD right are not adequately protected for reject any reason whatsoeverbid by any bidder.

THE BIDDERS. 3.1 All intending bidders (Site Bidding) shall be required to verify their identities by producing for inspection by the Auctioneer their identity cards prior to the commencement of the auction sale, failing which they shall not be entitled to participate in the bidding. 3.2 All Online Bidder shall be required to follow the requirement as per the Online Terms and Conditions of Sale prior to the commencement of the auction vide online, failing which they shall not be entitled to participate in the bidding. 3.3 In the event that Auctioneer in his absolute discretion so request, the intending bidders shall deposit with the Auctioneer a photocopy of their respective identity cards. 3.4 In the event that an intending bidder is bidding at the auction sale on behalf of another party, such intending bidder (“The Agent”) shall be deemed to be an agent of the party for whom he/she is bidding the property for. 3.5 Prior to the commencement of the auction sale the agent shall disclose to the Auctioneer that he/she will be bidding the property in his capacity as an agent for the principal. The agent shall further prior to the commencement of the auction sale disclose to the Auctioneer the identity of the principal. 3.6 The agent shall deposit with the Auctioneer prior to the auction sale such instrument of authority from the principal authorizing the agent to bid at the auction sale. The Auctioneer shall have the absolute discretion to determine whether the instrument of authority is acceptable to the Auctioneer to permit the agent to bid at the auction sale. The decision of the Auctioneer in this respect shall be final. 3.7 A person who has not reached the age of majority as defined under the Age of Majority Act 1971 (Act 21), which is eighteen (18) years of age at the date of the auction sale or a bankrupt shall not be permitted to bid in his personal capacity or act as an agent of the principal at the auction sale. 3.8 In the event a bankrupt bids or acts as agent in relation to the sale of the property, the Bidding Deposit or Purchaser Deposit, as the case may be, shall be forfeited by MBSB BANK BERHAD and the property may be put up for sale again at a date to be fixed by MBSB BANK BERHAD. 3.9 Where the bidder is a foreigner or a foreign controlled company, it shall be the bidder’s duty to ensure that the bidder is permitted by the prevailing laws, regulation and guidelines to purchase the Property. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder. 3.10 MBSB BANK BERHAD may exercise their right to reconsider the bidding process in the event MBSB BANK BERHAD right are not adequately protected for any reason whatsoever.eighteen

THE BIDDERS. 3.1 All intending bidders (Site Bidding) shall be required to verify their identities by producing for inspection by the Auctioneer their identity cards prior to the commencement of the auction sale, failing which they shall not be entitled to participate in the bidding. 3.2 All Online Bidder shall be required to follow the requirement as per the Online Terms and Conditions of Sale prior to the commencement of the auction vide online, failing which they shall not be entitled to participate in the bidding. 3.3 In the event that Auctioneer in his absolute discretion so request, the intending bidders shall deposit with the Auctioneer a photocopy of their respective identity cards. 3.4 In the event that an intending bidder is bidding at the auction sale on behalf of another party, such intending bidder (“The Agent”) shall be deemed to be an agent of the party for whom he/she is bidding the property for. 3.5 Prior to the commencement of the auction sale the agent shall disclose to the Auctioneer that he/she will be bidding the property in his capacity as an agent for the principal. The agent shall further prior to the commencement of the auction sale disclose to the Auctioneer the identity of the principal. 3.6 The agent shall deposit with the Auctioneer prior to the auction sale such instrument of authority from the principal authorizing the agent to bid at the auction sale. The Auctioneer shall have the absolute discretion to determine whether the instrument of authority is acceptable to the Auctioneer to permit the agent to bid at the auction sale. The decision of the Auctioneer in this respect shall be final. 3.7 A person who has not reached the age of majority as defined under the Age of Majority Act 1971 (Act 21), which is eighteen (18) years of age at the date of the auction sale or a bankrupt shall not be permitted to bid in his personal capacity or act as an agent of the principal at the auction sale. 3.8 In the event a bankrupt bids or acts as agent in relation to the sale of the property, the Bidding Deposit or Purchaser Deposit, as the case may be, shall be forfeited by MBSB BANK BERHAD and the property may be put up for sale again at a date to be fixed by MBSB BANK BERHAD. 3.9 Where the bidder is a foreigner or a foreign controlled company, it shall be the bidder’s duty to ensure that the bidder is permitted by the prevailing laws, regulation and guidelines to purchase the Property. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder. 3.10 MBSB BANK BERHAD may exercise their right rights to reconsider the bidding process in the event MBSB BANK BERHAD BERHAD’s right are not adequately protected for any reason whatsoever.

THE BIDDERS. 3.1 All intending bidders (Site Bidding) shall be required to verify their identities by producing for inspection by the Auctioneer their identity cards prior to the commencement of the auction sale, failing which they shall not be entitled to participate in the bidding. 3.2 All Online Bidder shall be required to follow the requirement as per the Online Terms and Conditions of Sale prior to the commencement of the auction vide online, failing which they shall not be entitled to participate in the bidding. 3.3 In the event that Auctioneer in his absolute discretion so request, the intending bidders shall deposit with the Auctioneer a photocopy of their respective identity cards. 3.4 3.3 In the event that an intending bidder is bidding at the auction sale on behalf of another party, such intending bidder (“The Agent”) shall be deemed to be an agent of the party for whom he/she is bidding the property for. 3.5 3.4 Prior to the commencement of the auction sale the agent shall disclose to the Auctioneer that he/she will be bidding the property in his capacity as an agent for the principal. The agent shall further prior to the commencement of the auction sale disclose to the Auctioneer the identity of the principal. 3.6 3.5 The agent shall deposit with the Auctioneer prior to the auction sale such instrument of authority from the principal authorizing the agent to bid at the auction sale. The Auctioneer shall have the absolute discretion to determine whether the instrument of authority is acceptable to the Auctioneer to permit the agent to bid at the auction sale. The decision of the Auctioneer in this respect shall be final. 3.7 3.6 A person who has not reached the age of majority as defined under the Age of Majority Act 1971 (Act 21), which is eighteen (18) years of age at the date of the auction sale or a bankrupt shall not be permitted to bid in his personal capacity or act as an agent of the principal at the auction sale. 3.8 3.7 In the event a bankrupt bids or acts as agent in relation to the sale of the property, the Bidding Deposit or Purchaser Deposit, as the case may be, shall be forfeited by MBSB BANK BERHAD and the property may be put up for sale again at a date to be fixed by MBSB BANK BERHADMBSB. 3.9 3.8 Where the bidder is a foreigner or a foreign controlled company, it shall be the bidder’s duty to ensure that the bidder is permitted by the prevailing laws, regulation and guidelines to purchase the Property. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder. 3.10 3.9 The Auctioneer with the consent of MBSB BANK BERHAD may exercise their shall have the absolute discretion and right to reconsider the bidding process in the event MBSB BANK BERHAD right are not adequately protected for reject any reason whatsoever.bid by any bidder

THE BIDDERS. 3.1 All intending bidders (Site Biddingwith the exception of the Assignee/Financier) shall be required to verify their identities by producing for inspection by the Auctioneer their identity identification cards prior to the commencement of the auction saleAuction Sale, failing which they shall not be entitled to participate in the bidding.; 3.2 All Online Bidder shall be required to follow the requirement as per the Online Terms and Conditions of Sale prior to the commencement of the auction vide online, failing which they shall not be entitled to participate in the bidding. 3.3 In the event that Auctioneer in his absolute discretion so request, the intending bidders shall deposit with the Auctioneer a photocopy of their respective identity identification cards.; 3.4 3.3 In the event that an intending bidder is bidding at the auction sale on behalf of another party/person, such intending bidder (hereinafter referred to as “The the Agent”) shall be deemed to be an agent Agent of the party party/person for whom he/she is bidding the property Property for.; 3.5 3.4 Prior to the commencement of the auction sale Auction Sale, the agent Agent shall disclose to the Auctioneer that he/she will be bidding the property Property in his his/her capacity as an agent Agent for the principal. The agent Agent shall further prior to the commencement of the auction sale disclose to the Auctioneer the identity of the principal.; 3.6 3.5 The agent Agent shall deposit with the Auctioneer prior to the auction sale such instrument of authority from the principal authorizing the agent Agent to bid at the auction saleAuction Sale. The Auctioneer shall have the absolute discretion to determine whether the instrument of authority is acceptable to the Auctioneer to permit the agent Agent to bid at the auction saleAuction Sale. The decision of the Auctioneer in this respect shall be final.; and 3.7 3.6 A person who has not reached the age of majority as defined under the Age of Majority Act 1971 Xxx 0000 (Act 21), which is eighteen Eighteen (18) years of age at the date of the auction sale Auction Sale or a bankrupt shall not be permitted to bid in his personal capacity or act as an agent Agent of the principal at the auction saleAuction Sale. 3.8 In the event a bankrupt bids or acts as agent in relation to the sale of the property, the Bidding Deposit or Purchaser Deposit, as the case may be, shall be forfeited by MBSB BANK BERHAD and the property may be put up for sale again at a date to be fixed by MBSB BANK BERHAD. 3.9 Where the bidder is a foreigner or a foreign controlled company, it shall be the bidder’s duty to ensure that the bidder is permitted by the prevailing laws, regulation and guidelines to purchase the Property. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder. 3.10 MBSB BANK BERHAD may exercise their right to reconsider the bidding process in the event MBSB BANK BERHAD right are not adequately protected for any reason whatsoever.

THE BIDDERS. 3.1 All intending bidders (Site Bidding) shall be required to verify their identities by producing for inspection by the Auctioneer their identity cards prior to the commencement of the auction sale, failing which they shall not be entitled to participate in the bidding. 3.2 All Online Bidder shall be required to follow the requirement as per the Online Terms and Conditions of Sale prior to the commencement of the auction vide online, failing which they shall not be entitled to participate in the bidding. 3.3 In the event that Auctioneer in his absolute discretion so request, the intending bidders shall deposit with the Auctioneer a photocopy of their respective identity cards. 3.4 In the event that an intending bidder is bidding at the auction sale on behalf of another party, such intending bidder (“The Agent”) shall be deemed to be an agent of the party for whom he/she is bidding the property for. 3.5 Prior to the commencement of the auction sale the agent shall disclose to the Auctioneer that he/she will be bidding the property in his capacity as an agent for the principal. The agent shall further prior to the commencement of the auction sale disclose to the Auctioneer the identity of the principal. 3.6 The agent shall deposit with the Auctioneer prior to the auction sale such instrument of authority from the principal authorizing the agent to bid at the auction sale. The Auctioneer shall have the absolute discretion to determine whether the instrument of authority is acceptable to the Auctioneer to permit the agent to bid at the auction sale. The decision of the Auctioneer in this respect shall be final. 3.7 A person who has not reached the age of majority as defined under the Age of Majority Act 1971 (Act 21), which is eighteen (18) years of age at the date of the auction sale or a bankrupt shall not be permitted to bid in his personal capacity or act as an agent of the principal at the auction sale. 3.8 In the event a bankrupt bids or acts as agent in relation to the sale of the property, the Bidding Deposit or Purchaser Deposit, as the case may be, shall be forfeited by MBSB BANK BERHAD and the property may be put up for sale again at a date to be fixed by MBSB BANK BERHADMBSB. 3.9 Where the bidder is a foreigner or a foreign controlled company, it shall be the bidder’s duty to ensure that the bidder is permitted by the prevailing laws, regulation and guidelines to purchase the Property. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder. 3.10 MBSB BANK BERHAD may exercise their right rights to reconsider the bidding process in the event MBSB BANK BERHAD MBSB’s right are not adequately protected for any reason whatsoever.