Common use of THE BIDDING Clause in Contracts

THE BIDDING. 5.1 Each new bid shall not be less than immediately preceding bid. 5.2 All increments in the bids shall not be less than the incremental amount as fixed by the Auctioneer at the auction sale. 5.3 The Auctioneer shall have the right to refuse any bid. 5.4 A bid once made shall not be withdrawn. 5.5 If any dispute should arise as to any bidding, the property shall at the option of the Auctioneer be put up again for sale at the last undisputed price and the Auctioneer shall at the auction sale decide on the dispute and such decision by the Auctioneer shall be final. 5.6 Subject to the reserve price the highest bidder for the property at the auction sale shall be declared by the Auctioneer to be the successful purchaser (“The Purchaser”).

THE BIDDING. 5.1 6.1 Each new bid shall not be less than the immediately preceding bid. 5.2 6.2 All increments in the bids shall be not be less than the incremental amount as fixed by the Auctioneer at the auction saleAuction Sale. 5.3 6.3 The Auctioneer shall have the right to refuse any bid. 5.4 6.4 A bid once made shall not be withdrawn. 5.5 6.5 If any dispute should arise as to any bidding, the property Property shall at the option of the Auctioneer be put up again for sale at the last undisputed bidding price and the Auctioneer shall at the auction sale Auction Sale decide on the dispute and such decision by the Auctioneer shall be final. 5.6 6.6 Subject to the reserve price Reserve Price, the highest bidder for the property Property at the auction sale Auction Sale shall be declared by the Auctioneer to be the successful purchaser (“The `the Purchaser”’).

THE BIDDING. 5.1 Each new bid shall not be less than immediately preceding bid. 5.2 All increments in the bids shall not be less than the incremental amount as fixed by the Auctioneer at the auction sale. 5.3 The Auctioneer shall have the right to refuse any bid. 5.4 A bid once made shall not be withdrawn. 5.5 If any dispute should arise as to any bidding, the property shall at the option of the Auctioneer be put up again for sale at the last undisputed price and the Auctioneer shall at the auction sale decide on the dispute and such decision by the Auctioneer shall be final. 5.6 Subject to the reserve price Reserve Price the highest bidder for the property at the auction sale shall be declared by the Auctioneer to be the successful purchaser (“The Purchaser”).

THE BIDDING. 5.1 Each new bid shall not be less than immediately preceding bid. 5.2 All increments in the bids shall not be less than the incremental amount as fixed by the Auctioneer at the auction sale. 5.3 . The Auctioneer shall have the right to refuse any bid. 5.4 5.3 A bid once made shall not be withdrawn. 5.5 5.4 If any dispute should arise as to any bidding, the property shall at the option of the Auctioneer be put up again for sale at the last undisputed price and the Auctioneer shall at the auction sale decide on the dispute and such decision by the Auctioneer shall be final. 5.6 5.5 Subject to the reserve price the highest bidder for the property at the auction sale shall be declared by the Auctioneer to be the successful purchaser (“The Purchaser”).purchaser

THE BIDDING. 5.1 Each new bid shall not be less than immediately preceding bid. 5.2 All increments in the bids shall not be less than the incremental amount as fixed by the Auctioneer at the auction sale. 5.3 The Auctioneer shall have the right to refuse any bid. 5.4 A bid once made shall not be withdrawn. 5.5 If any dispute should arise as to any bidding, the property shall at the option of the Auctioneer be put up again for sale at the last undisputed price and the Auctioneer shall at the auction sale decide on the dispute and such decision by the Auctioneer shall be final. 5.6 Subject to the reserve price Reserve Price the highest bidder for the property at the auction sale shall be declared by the Auctioneer to be the successful purchaser Purchaser (“The Purchaser”).