Auction Property Not Put Up for Auction 样本条款

Auction Property Not Put Up for Auction. After the Seller has executed the Contract of Auction by Consignment with the Company, and delivered the Auction Property to the Company, if for any reasons the Company considers that the Auction Property is not suitable for an auction held by the Company, the Seller shall collect the Auction Property (packaging and transportation costs of which shall be at the Seller’s own expense) within 30 days from the date of receipt of the collection notice from the Company and the Contract of Auction by Consignment between the Company and the Seller shall be terminated on the day the Seller collects the Auction Property. The Seller shall only collect the Auction Property only after paying the relevant charges in full. If the Seller fails to collect the Auction Property by the aforementioned deadline, the Contract of Auction by Consignment between the Company and the Seller shall be terminated on the expiry date of the aforementioned deadline. If the Seller fails to collect the Auction Property within 7 days after the termination of the Contract of Auction by Consignment, he or she shall pay a daily storage fee to the Company at the amount specified in the Contract of Auction by Consignment starting from the eighth day after the termination of the Contract of Auction by Consignment. If the Seller fails to collect the Auction Property within 90 days after the termination of the Contract of Auction by Consignment, the Company shall have the right to execute in accordance with Article 32 hereof.
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Auction Property Not Put Up for Auction. If, after the Seller executes a Contract of Auction by Consignment with, and delivers the Auction Property to, the Company, the Company deems for any reason that a particular Auction Property is not suitable for auction by the Company, the Seller shall recover the Auction Property in question (packaging and transportation at its own expense) within thirty days from the date of receipt of the collection notice from the Company and the Contract of Auction by Consignment between the Company and the Seller shall terminate on the date the Seller collects the Auction Property in question. The Seller may collect the Auction Property only after paying the relevant charges in full. If the Seller fails to recover the Auction Property by the aforementioned deadline, the Contract of Auction by Consignment between the Company and the Seller shall terminate on the expiry date of the aforementioned deadline. If the Seller still fails to recover the Auction Property within seven days after termination of the Contract of Auction by Consignment, he or she shall pay a daily storage fee to the Company at the amount specified in the Contract of Auction by Consignment starting from the eighth day after the termination of the Contract of Auction by Consignment. If the Seller still fails to recover the Auction Property within 90 days after the termination of the Contract of Auction by Consignment, the Company shall have the right to handle matters in accordance with Article 32 hereof.
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