Common use of VERIFICATION OF THE REGISTRATION OF ONLINE BIDDERS Clause in Contracts

VERIFICATION OF THE REGISTRATION OF ONLINE BIDDERS. 6.1. Registration of Online Bidders shall be subjected to verification and approval by Xxxxx Auctioneer and subject further to the 10% deposit payment by Bank Draft/Cashier’s Order being verified by Xxxxx Auctioneer and/or the 10% deposit payment via online bank transfer being cleared by the Bank. Approval from Xxxxx Auctioneer may take at least one (1) working day and any improper, incomplete registration or late registration may be rejected at the sole discretion of the Auctioneer. Xxxxx Auctioneer, the Auctioneer, LA website, its agents and/or representatives shall not be held liable in the event the registration of the Online Bidders is rejected and/or delayed for any reason whatsoever. In the event the registration is rejected, the 10% deposit paid by Bank Draft/Cashier’s Order shall be returned to the Online Bidders and/or the 10% deposit payment via online bank transfer (if cleared by the Bank) shall be refunded by Xxxxx Auctioneer to the same bank account from which the deposit was made within two (2) working days.