AFTER AUCTION Clause Samples

AFTER AUCTION. 6.1 Any successful E-bidders shall and undertake to sign the Contract of Sale within three (3) working days. 6.2 The Auctioneer shall send the Contract of Sale for stamping and thereafter forward the same together with the deposit paid to the Assignee/Bank. 6.3 For stamping of 5 contracts, the successful E-bidders shall transfer RM100.00 to the ESZAM AUCTIONEER SDN BHD bank account or pay by cash when signing the Contract of Sale within two (2) working days from the Auction day.
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AFTER AUCTION. 6.1 Any successful E-bidders shall and undertake to sign the contract of sale and pay the additional 10% for the difference of the purchase price within two (2) working days to ESZAM AUCTIONEER SDN BHD bank account or prepare a bank draft. In the event that the successful E-bidder fail to pay additional deposit, the Bank will forfeit the deposit and the sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-bidders. 6.2 The Auctioneer shall send the Memorandum of Sale for stamping and thereafter forward the same together with the deposit paid and the differential sum paid to the Assignee/Bank. 6.3 For stamping of 5 contracts, the successful E-bidders shall transfer RM100.00 to the ESZAM AUCTIONEER SDN BHD bank account or pay by cash when signing the Contract of Sale within two (2) working days from the Auction day.
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AFTER AUCTION. 6.1 Any successful E-bidders shall and undertake to sign the Memorandum / Contract of Sale and pay the additional 10% for the difference of the purchase price w ithin three (3) w orking day s to ESZAM AUCTIONEER SDN BHD bank account or prepare a bank draft. In the ev ent that the successful E-bidder fail to pay additional deposit, the Bank w ill forfeit the deposit and the sale w ill be deemed cancelled/terminated and the property may be put up for subsequent auction w ithout further notice to the said E-bidders. 6.2 The Auctioneer shall send the Memorandum / Contract of Sale for stamping and thereafter forw ard the same together w ith the deposit paid and the differential sum paid to the Assignee/Bank. 6.3 For stamping of 5 Memorandum / Contract of Sale, the successful E-bidders shall transfer RM100.00 to the ESZAM AUCTIONEER SDN BHD bank account or pay by cash w hen signing the Memorandum / Contract of Sale w ithin tw o (2) w orking day s from the Auction day .
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AFTER AUCTION. 6.1 Any successful E-bidders shall and undertake to sign the Memorandum / Contract of Sale and pay the additional 10% for the difference of the purchase price within three (3) working days to SINARMAS JASA SDN BHD bank account or prepare a bank draft. In the event that the successful E-bidder fail to pay additional deposit, the assignee will forfeit the deposit and the sale will be deemed cancelled/terminated and the property may be put up for subsequent auction without further notice to the said E-bidders. 6.2 The Auctioneer shall send the Memorandum / Contract of Sale for stamping and thereafter forward the same to the assignee and successful Bidder. 6.3 For stamping of 4 Memorandum / Contract of Sale, the successful E-bidders shall transfer RM40.00 to the PG ACT FAST AUCTION (SABAH) SDN BHD bank account or pay by cash when signing the Memorandum / Contract of Sale within two (2) working days from the Auction day.
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AFTER AUCTION 
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Related to AFTER AUCTION

  • BEFORE AUCTION 4.1 All intended bidder can access to the ESZAM AUCTIONEER SDN BHD website to download the Proclamation of Sale (POS) & Conditions of Sale (COS). By proceeding with E-bidding with ESZAM AUCTIONEER SDN BHD, the E-bidders’ have agreed and accepted the ESZAM AUCTIONEER SDN BHD terms and conditions. Any bid by registered E-bidder shall not be withdrawn once entered. 4.2 All intended bidders can choose either to attend the auction physically (On-site bidder) or by E-bidding. For E-bidding, they can bid online from any places as long as the E-bidder has the device and good internet connection to log in to our ESZAM AUCTIONEER SDN BHD website and click on eZ2Bid button. 4.3 The E-bidder will receive the Bidding Code one (1) day before auction date and link to bid online via email and SMS once ESZAM AUCTIONEER SDN BHD receiving of the deposit.

  • POST PUBLIC AUCTION 10.1. Successful E-Bidder are advised to sign the “Memorandum of Contract” and pay the 10% differential sum within 3 working days by attending to the Auctioneer’s office from the date of auction. Failing to do so will result in the 10% deposit to be forfeited to the Assignee/Bank and the auction shall be deemed cancelled. 10.2. Successful E-Bidder who are unable to sign the “Memorandum of Contract” at the Auctioneer’s office can authorize their agent to execute the procedure by submitting the following documents to the Auctioneer. 10.2.1. Copy of the agent’s Identity Documents (both sides) 10.2.2. Copy of the successful E-Bidder’s Identity Documents (both sides) 10.2.3. Copy of the Letter of Authorization (for individual) or certified true copy of the Board of Director’s Resolution (for company) authorizing such person to do so. 10.3. In the event of inconsistency in the details of the documents uploaded in the Auctioneer’s website and the actual documents of the successful E-Bidder, the Auctioneer has the right to cancel and terminate the sale and the 10% deposit shall be forfeited by the Assignee/Bank. The property shall be put up for sale again. 10.4. The “Memorandum of Contract” that is signed and stamped shall be collected by the successful E-Bidder or his agent at the Auctioneer office within seven (7) days after notification from the Auctioneer. If the E-Bidder fails to collect as aforesaid, the “Memorandum of Contract” shall be delivered by courier to the address of the successful E-Bidder and the Auctioneer shall be not responsible for the cost, expenses and loss arising thereof. 10.5. Balance of purchase price shall be settled within ninety (90) days from the date of auction sale by the successful E-Bidder