Common use of BIDDING DEPOSIT Clause in Contracts

BIDDING DEPOSIT. Subject To paragraph 6.1 below, all intending bidders (except the Assignee) shall deposit with the Auctioneer, prior to the auction sale, a bank draft or cashier’s order drawn in favour of BANK ISLAM MALAYSIA BERHAD for a sum (‘Bidding Deposit”) equivalent to ten per centum (10%) of the Reserved Price or remit the same through online banking transfer, one (1) working day before auction date. For online bidders, please refer to the Terms and Conditions on xxx.xxxxxxxxxxxxxxx.xxx for manner of payment of the deposit.

BIDDING DEPOSIT. Subject To paragraph 6.1 below, all intending bidders (except the Assignee) shall deposit with the Auctioneer, prior to the auction sale, a bank draft or cashier’s order drawn in favour of BANK ISLAM MALAYSIA BERHAD for a sum (‘Bidding Deposit”) equivalent to ten per centum (10%) of the Reserved Price or remit the same through online banking transfer, one (1) working day before auction date. For online bidders, please refer to the Terms and Conditions on xxx.xxxxxxxxxxxxxxx.xxx for manner of payment of the depositPrice.

BIDDING DEPOSIT. Subject To paragraph 6.1 below, all intending bidders (except the Assignee) shall deposit with the Auctioneer, prior to the auction sale, a bank draft or cashier’s order drawn in favour of BANK ISLAM MALAYSIA BERHAD for a sum (‘„Bidding Deposit”) equivalent to ten per centum (10%) of the Reserved Price or remit the same through online banking transfer, one (1) working day before auction date. For online bidders, please refer to the Terms and Conditions on xxx.xxxxxxxxxxxxxxx.xxx for manner of payment of the deposit.