THE BIDDING. 6.1 Each new bid shall not be less than the immediately preceding bid.
6.2 All increments in the bids shall be not less than the incremental amount as fixed by the Auctioneer at the Auction Sale.
6.3 The Auctioneer shall have the right to refuse any bid.
6.4 A bid once made shall not be withdrawn.
6.5 If any dispute should arise as to any bidding, the Property shall at the option of the Auctioneer be put up again for sale at the last undisputed bidding price and the Auctioneer shall at the Auction Sale decide on the dispute and such decision by Auctioneer shall be final.
6.6 Subject to the Reserve Price, the highest bidder for the Property at the Auction Sale shall be declared by the Auctioneer to be the purchaser (`the Purchaser’).
6.7 Each bid will be called for 3 times, “First Calling, “Second Calling”, “Final Call”. Bidders may submit their bid at any of these stages of biddings.
6.8 When the system display “No more bids”, no further bids will be accepted by the Auctioneer, whether on-site or through the Auctioneer’s website.
6.9 The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer. No bid shall be less than the previous bid and each bid shall be increased by a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted. Should there be any withdrawal or retraction from the registered bidder(s) or the highest bidder before or after the fall of the hammer, the bidding deposit (“Bidding Deposit”) shall be forfeited to the Assignee/Bank and the Property shall be at the option of the Auctioneer be put up for sale again or the Auctioneer may decide to adjourn the auction sale to another date. For online bidders please refer to the Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx for the manner of payment of the same.
THE BIDDING. 5.1 Each new bid shall not be less than immediately preceding bid.
5.2 All increments in the bids shall not be less than the incremental amount as fixed by the Auctioneer at the auction sale.
5.3 The Auctioneer shall have the right to refuse any bid.
5.4 A bid once made shall not be withdrawn.
5.5 If any dispute should arise as to any bidding, the property shall at the option of the Auctioneer be put up again for sale at the last undisputed price and the Auctioneer shall at the auction sale decide on the dispute and such decision by the Auctioneer shall be final.
5.6 Subject to the reserve price the highest bidder for the property at the auction sale shall be declared by the Auctioneer to be the successful purchaser (“The Purchaser”).
THE BIDDING. 6.1 Each new bid shall not be less than the immediately preceding bid.
6.2 All increments in the bids shall be not less than the incremental amount as fixed by the Auctioneer at the Auction Sale.
6.3 The Auctioneer shall have the right to refuse any bid.
6.4 A bid once made shall not be withdrawn.
6.5 If any dispute should arise as to any bidding, the Property shall at the option of the Auctioneer be put up again for sale at the last undisputed bidding price and the Auctioneer shall at the Auction Sale decide on the dispute and such decision by Auctioneer shall be final.
6.6 Subject to the Reserve Price, the highest bidder for the Property at the Auction Sale shall be declared by the Auctioneer to be the purchaser (`the Purchaser’).
6.7 Each bid will be called for 3 times, “Calling Once, “Calling Twice”, “Last Call”. Bidders may submit their bid at any of these stages of bidding.
6.8 When system displays “SOLD”, no further bids will be accepted by the Auctioneer, through the Auctioneer’s website.
6.9 The bidder with the highest bid shall be declared as successful bidder upon the fall of hammer.
THE BIDDING. All increments in the bids shall be not less than the incremental amount as fixed by the Auctioneer at the Auction Sale.
THE BIDDING. Before the Purchaser obtains its own IDL in the Territory, Novartis shall cause Novartis distributor in the Territory to continue to participate in the bidding process in connection with the Product in those provinces in the Territory where Novartis has existing bids as at the date of signature of this Agreement as listed in Part A of Annex 7. For the avoidance of doubt, Novartis shall have no liability to the Purchaser, its Affiliates or distributors in the event that Novartis or Novartis’ distributor is not successful with any of the proposed bids. Purchaser acknowledges and agrees that Novartis and/or its distributor in the Territory shall participate in bidding projects during the Transition Period. For any bidding projects that Novartis participates in during the Transition Period, the Purchser shall promptly confirm the tendering price before it is proposed by Novartis to the respective tendering office in the Territory solely for those tenders where: (1) the expected tendering price is below the current bidding price by more than one percent in the same areas; or (ii) the expected tendering price is below the current national lowest price. In all other cases, Novartis, its Affiliate in the Territory or Novartis’ distributor shall be responsible for determining the tendering price. Following the expiry of the Transition Period, Novartis, its Affiliates and/or its distributor in the Territory shall no longer participate in bidding projects for the Product and the Purchaser shall be responsible for and shall cause its distributor to be responsible for any new bidding projects for the Product. A list of the bids in place with respect to the Product in the Territory as at signature of this Agreement is set out in Part B of Annex 7. Within seven (7) days of the expiry of the Transition Period and with respect to any ongoing bidding projects which started prior to the expiry of the Transition Period, the Purchaser shall immediately cause its distributor to apply for a change of the “Bidder” from Novartis’ distributor to the Purchaser’s distributor, and Novartis shall cause Novartis’ distributor to assist Purchaser’s distributor in such application process. In order to apply for the change of the bidder, the Purchaser it’s distributor to enter into a written agreement with Novartis’ distributor pursuant to any request by the respective Tendering Office. In the event that the application for change of bidder is not allowed until the bidding procedures are co...
THE BIDDING. Procedures Order shall be a Final Order and the Sellers shall have complied in all materials respects with the requirements of the Bidding Procedures Order;
