THE BIDDING Clause Samples

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at the Auction Sale. 6.3 The Auctioneer shall have the right to refuse any bid. 6.4 A bid once made shall not be withdrawn. 6.5 If any dispute should arise as to any bidding, the Property shall at the option of the Auctioneer be put up again for sale at the last undisputed bidding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a minimum amount to be determined by the Auctioneer at the time the Property is put up for sale and no bidding shall be withdrawn or retracted.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 ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ for the manner of payment of the same.
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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at the auction sale. 5.3 The Auctioneer shall have the right to refuse any bid. 5.4 A bid once made shall not be withdrawn. 5.5 If any dispute should arise as to any bidding, the property shall at the option of the Auctioneer be put up again for sale at the last undisputed price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”).
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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.
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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;
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THE BIDDING. All increments in the bids shall be not less than the incremental amount as fixed by the Auctioneer at the Auction Sale.
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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...
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Related to THE BIDDING

  • For E-bidding The auctioneer and the Bank’s solicitor shall sign all 5 copies of contract first, right after the auction. The successful E-bidder must to come to the ESZAM AUCTIONEER SDN BHD main office in Seremban to sign the Contract of Sale within two (2) working days after the auction date.

  • E-Bidders who have deposited the 10% deposit of the reserve price of the subject property, they intended to bid for (“the property”) shall fulfil other conditions as per the Conditions of Sales and will receive notification from the Auctioneer as “Registered E-Bidders”.

  • Non-Collusive Bidding Certificate This is a requirement of the TIPS Contract and is non-negotiable. By submission of this proposal, the Vendor certifies that: 1) This proposal has been independently arrived at without collusion with any other entity, bidder, or with any competitor; 2) This proposal has not been knowingly disclosed and will not be knowingly disclosed, prior to the opening of bids, or proposals for this project, to any other bidder, competitor or potential competitor: 3) No attempt has been or will be made to induce any other person, partnership or corporation to modify, submit, or not to submit a bid or proposal; and 4) The person signing this bid or proposal certifies that they are duly authorized to execute this proposal/contract on behalf of Vendor and they have fully informed themselves regarding the accuracy of the statements contained in this certification, and under the penalties being applicable to the bidder as well as to the person signing in its behalf;

  • JOB BIDDING Section 1. All job vacancies will be posted as follows: a.) The position will be posted on Kaleidascope for seven (7) calendar days. b.) The posting shall include the position (job title), posting dates, status, hours per pay period, shift, starting and ending times, pay grade and the qualifications for the position as defined in the job description for the position. A copy of all job postings will be sent to the Union. c.) Employees may not be accepted for posted positions until they have completed six (6) months of employment. In addition, an employee who has transferred to a position must remain in that position for six (6) months before applying for another posted position. Except that an employee may apply for a posted position which is at a higher pay grade without regard to the six (6) month limit. This paragraph shall not apply to intra cost center shift change or intra cost center status changes. Section 2. Posted positions shall be filled by the most senior qualified applicant from within the bargaining unit. If the position cannot be filled from within the bargaining unit, the Employer may fill the position from any source available to the Employer, provided the candidate meets all of the qualifications for hiring into that position. In all instances, the appropriate manager is responsible for the interview and selection of applicants within fourteen (14) days of the end of the posting. Section 3. A qualified applicant shall be defined as an employee who possesses the entry level qualifications in the job description and is able to do the work when required. Ability to do the work and documented performance, inclusive of disciplinary record, may be considered when awarding a position. The Employer will notify all applicants of the result of their bid in a timely manner not to exceed two (2) weeks from the date the position is awarded. Section 4. A successful bidder shall be required to serve a sixty (60) calendar day trial period exclusive of any classroom training required. At the midpoint of the trial period the employee shall be evaluated and given written notification if a problem exists. During the trial period, the employee will be returned to his/her original position if the employee elects to be returned or the Employer finds the employee is unsatisfactory in the new position.

  • Competitive Bidding 3.5.2.1 Bidding Documents shall consist of bidding requirements and proposed Contract Documents.