Examples of Auction in a sentence
At the sale by Public Auction this 17th day of October, 2023 of the Property comprised in the foregoing particulars that is to say the rights, title, interest and benefits to the said Property pursuant to the Sale & Purchase Agreement dated the 20th day of February, 2017 and made between XXXXXX DEVELOPMENT SDN.
If any legal action is required to enforce this agreement, or to collect any fees or costs earned or advanced pursuant thereto, the Seller or Auction Company shall be entitled to recover any and all costs of such action, including, but not limited to, the expenses and court costs of the action and a reasonable attorney’s fee.
As used herein, (a) the term “Auction Announcement” means any announcement made during the Auction by the Seller or the auctioneer conducting the sale of the Property, whether orally or in writing, and (b) the term “Seller-Related Parties” means, individually and collectively, Seller and its officers, directors, shareholder, employees, attorneys, agents and representatives.
It is agreed by all parties that in the event the Purchaser fails to close and pay the balance when due, Seller and Auction Company reserve all rights allowed by law and the Sales Contract, including a suit for damages, specific performance or cancellation of the transaction, with the Seller to retain the down payment.
By registering to participate, bidding or purchasing in a CIMB BANK BERHAD/CIMB ISLAMIC BANK BERHAD auction sale via Online Public Auction, you expressly agree to be bound by these terms and conditions in full.