Unsold Property. 7.01 In the event any Goods are not sold at an Auction or fail to reach the Reserve or opening bid, TAA agrees to re-offer such Goods in another Auction or private sales pursuant to this Agreement, with no Reserve and at a reduced estimate as determined by TAA. If the Goods fail to sell a second time, the Goods will be shipped back to the Consignor at the Consignor’s expense. The Consignor agrees to pay TAA $25.00 for each of the Goods or lots that do not sell after a second attempt.
Unsold Property. If the Property remains unsold at the expiration of the Term, we will notify you and, unless we and you agree on another course of action, we will return it to you at our expense, including the cost of in-transit insurance. We will not release to you any unsold Property until all amounts owed to us or any [***] company have been paid in full.
Unsold Property. In the event that some or all of Consignor’s Property should fail to sell, Consignor agrees in advance to the following disposition of all unsold Property. X Unsold Property must be removed within five (5) business days of the auction unless Auctioneer and Consignor agree in writing (via facsimile, email, mail or in-person writing) to other terms. Property not sold or removed within five (5) days of the auction, or not held by agreement for another auction or longer storage shall become the exclusive property of Auctioneer and may be sold, donated or disposed of by and to the benefit of Auctioneer and/or a partner charity. RESOLUTION OF CONFLICTS: Auctioneer and Consignor agree that any and all conflicts that may arise as a result of this agreement and that cannot be resolved amicably will be resolved through binding arbitration. Costs of the mutually chosen professional arbitrator will be borne by the Consignor up to and until such a point as the arbitrator decides otherwise. Signature: _X Name: Address: Telephone: Email: Identification: (Circle one) IL / IN / WI / Other (Circle one) State ID / DL ID #: Lot 14 Auctions, P.C. 0000 Xxxx Xxxxxx Xxxxxx Niles, IL 60714 000-000-0000, 000-000-0000 fax Xxx@Xxx00.xxx, XXX.Xxx00.xxx
Unsold Property. If the offers or bidding on the Property or any lots of the Property fails to reach the Reserve, or if the Property or such lots are otherwise unsold, you hereby authorize us to re-offer the Property for sale or auction, subject to the terms and conditions of this Agreement. However, we are not obligated to re-offer the Property for sale or auction. If the Property fails to sell on its initial offering or upon the re-offer, we will notify you. You agree to arrange with us for the return shipment of your unsold property and pay in advance any costs of advertising, printing (especially catalogues), return packing, handling, shipping and insurance within thirty (30) days of our notification to you. If your unsold Property remains on our premises at the end of this thirty (30) day period, thereafter you will be charged a storage fee of $10.00 per lot per day until the such Property is removed from our premises; and you hereby grant us a lien upon the Property for that amount as it may accrue in the aggregate. In the event the storage fees exceed the Reserve of the Property, you agree that we may sell the Property, apply the proceeds to unpaid storage fees and send any remaining proceeds to you. At our sole option, after the thirty (30) day period, we may also transfer the Property to a third party warehouse and you shall solely bear the risk and cost thereof and shall be liable to such warehouse for the payment of all storage and insurance charges at the warehouse's standard rates.
Unsold Property. If any of the lots are unsold, they will be returned within at the Settlement Date at the Consignor’s ex- pense.
Unsold Property. Seller understands and agrees that AMI makes no warranty that the Lots will be sold. AMI will attempt to sell all Lots outright, but will usually re-list unsold Lots for future sale. AMI will return any unsold merchandise, if any, upon the request of the Seller. The Seller shall be responsible for any and all costs related to the return of the Lot.
Unsold Property. Property remaining unsold following the auction or the expiration of the 30 day period referred to in paragraph d) above, must be collected by the consignor at the consignor’s expense within 60 days following the date on which Xxxxxx’x offered the property for sale. The consignor may also decide, one time only, to re-‐consign the unsold property to Xxxxxx’x for inclusion in an appropriate future auction. Xxxxxx’x shall, at the expiration of the 60 day period, consider any remaining lots as uncollected and shall have the right to sell these lots by way of public auction or private sale, regardless of estimated values or reserve bid. Xxxxxx’x shall remit the proceeds of sale to the consignor. If the consignor cannot be contacted and the consignor has not contacted Xxxxxx’x in writing by registered letter within a period of 1 year, the account and property shall be considered abandoned and Xxxxxx’x shall be entitled to the balance of funds and disposal of the abandoned property as it sees fit.
Unsold Property. If program prop- erty remains unsold after eight months of active marketing, the case file, with documentation of all marketing ef- forts, will be forwarded to the State Of- fice for review with a recommendation of future sales efforts. The State Direc- tor will determine whether a request should be made to the Assistant Ad- ministrator, Housing, to sell the prop- erty by sealed bid or auction, or wheth- er additional guidance such as, but not limited to advertising, reappraisal, of- fering a special effort sales bonus, or 20-year amortization factor (with bal- loon after 10 years) on NP financing may facilitate a sale.
Unsold Property. If the Property is offered for sale but is unsold at the auction, or is sold at the auction but the Buyer defaults on payment and the sale is cancelled by us, without prejudice to our obligation to pay you the Guarantee, we will have discretion with respect to the disposition of the Property. Upon payment of the Guarantee to you, title to the Property will transfer to us subject to your representations, warranties and indemnities herein, provided that title to the Property has not already transferred to a third party, and we will have no further liabilities or obligations to you. In such event, your obligations to us hereunder with respect to the Property are the same as if it had been sold to us at auction.
Unsold Property. For Warehouse Auctions, it is the Consignor's responsibility to contact FAC and make arrangements to retrieve the unsold Property ASAP after an auction has ended. Unsold property is considered abandoned by the the Consignor 14 days after the conclusion of the sale, unless an agreement has been made for retrieval at a later date. Any unsold items remaining in the warehouse after 14 days will automatically incur a donation fee. The minimum charge is $25 per unsold lot with a higher rate for larger items. FAC will not be liable for any loss or damage to any unsold property. For Onsite Auctions, FAC is not responsible for the removal of unsold items or debris remaining in the Building/Structure/Property after the auction takes place, unless previously agreed to in writing for an additional fee.
