Common use of Withdrawal of Bid Clause in Contracts

Withdrawal of Bid. Any bidder, who makes a bid but withdraws the same before the fall of the hammer, shall have their deposit equal to 5% of reserve price forfeited as agreed liquidated damages for payment to the Assignee/Bank. The Auctioneer reserves the right to put the property again for sale at the last disputed bid, or otherwise to adjourn the auction to another date.

Withdrawal of Bid. Any bidder, who makes a bid but withdraws the same before the fall of the hammer, shall have their deposit equal to 510% of the reserve price forfeited as agreed liquidated damages for payment to the Assignee/BankCo-operative. The Auctioneer reserves the right to put the property Property again for sale at the last disputed undisputed bid, or otherwise to adjourn the auction to another date.

Withdrawal of Bid. Any bidder, bidder who makes a bid but withdraws the same before the fall of the hammer, shall have their deposit equal to 510% of the reserve price forfeited as agreed liquidated damages for payment to the Assignee/Bank. The Auctioneer reserves the right to put the property again for sale at the last disputed bid, undisputed bid or otherwise to adjourn the auction to another date.