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.
Appears in 2 contracts
Samples: Loan Agreement Cum Deed of Assignment, Loan Agreement Cum Deed of Assignment
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.
Appears in 1 contract
Samples: Master Facility Agreement
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.
Appears in 1 contract
Samples: Property Sale Agreement