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Common use of BIDDING RATE Clause in Contracts

BIDDING RATE. 8.1. The Auctioneer shall have discretion to determine the increase of bidding rate based on the total number of Registered Online Bidders and value of the property auctioned. 8.2. In the event there is only one Registered Online Bidders during the auction, the public auction will begin at the property reserve price while if there are more than one Registered Online Bidders, the public auction will begin at the increment rate which to be determined.

Appears in 5 contracts

Samples: Perjanjian Pinjaman, Perjanjian Pinjaman, Perjanjian Pinjaman

BIDDING RATE. 8.1. The Auctioneer shall have discretion to determine the increase of bidding rate based on the total number of Registered Online Bidders and On-site Bidders and value of the property auctioned. 8.2. In the event there is only one Registered Online Bidders or On-site Bidders during the auction, the public auction will begin at the property reserve price while if there are more than one Registered Online Bidders and/or On-site Bidders, the public auction will begin at the increment rate which to be determined.

Appears in 1 contract

Samples: Perjanjian Jualan Aset