MOD Asset definition

MOD Asset means the Lot sold by Brightwells on behalf of the UK Ministry of Defence. “Provisionally Sold” means the allocation by the Auctioneer in accordance with condition18.
MOD Asset means the Lot sold by Brightwells on behalf of the MOD.

Examples of MOD Asset in a sentence

  • Buyers are specifically warned that any MOD Asset sold may well have had parts replaced and paint renewed or be made up of parts from other vehicles the condition of which may be difficult to establish.

  • Given the age of some Lots, no assumption should be made with regard to any aspect of their condition and the Buyer should carry out his/her own due diligence in respect of any MOD Asset.

  • The system will be subject to the approval of, and subsequent audit by, the MOD Asset Accounting Centre (AAC) Provision of monthly reports to include collections, sales and where disposal route used, indication of re-use, re-cycling or disposal, detailing respective weights in litres (ltr) and weight in metric tonnes.

  • Given the age of some Lots, no assumption should be made with regard to any aspect of their condition and the Buyer should carry out his/her own due diligence in respect of any MOD Asset.3.7 Any person who physically interferes with, scratches or damages the Lot in any way (before or after the Auction) will be held liable for the loss so caused.3.8 The Seller is responsible for delivering the MOD Asset in a presentable condition.

  • No description of a MOD Asset carries with it an implication that it is fit for any particular purpose.3.5 MOD Assets are sold to the Buyer on an "as is" basis, with all faults and imperfections.3.6 Due to the nature of classic vehicles, the actual condition of a MOD Asset may not be as good as its outward appearance suggests.

  • They may not show the true condition and colour, (which may be inaccurately reproduced) of the MOD Asset.3.4 Any potential Bidder must satisfy themselves as to each and every aspect of the MOD Asset, including, but not limited to, its condition, age, quality and roadworthiness.

  • They may not show the true condition and colour, (which may be inaccurately reproduced) of the MOD Asset.

  • Hence, if “Regular” is checked, the Department may decide a term of between one and five years.

  • The unique identifier, for example Equipment Registration Mark (ERM) is used to manage the item on the appropriate MOD Asset Management system.

Related to MOD Asset