BIDDING DEPOSIT. 3.1 Prior to the commencement of the Auction Sale, all persons or parties intending to bid for the Property at the Auction Sale shall deposit with the Auctioneer a valid bank draft or cashier’s order drawn in favour of the Bank for a sum equivalent to ten per centum (10%) of the Reserve Price or any sum exceeding 10% of the purchase price or a minimum of RM2,500.00 whichever is higher (“the Bidding Deposit”) or remit the same through online banking transfer by 4PM, AT LEAST ONE (1) WORKING DAY BEFORE AUCTION DATE. Bidders please refer to the Online Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx for the manner of payment of the deposit.
Appears in 27 contracts
Samples: Matter of Facilities Agreement and Assignment of Sale and Purchase Agreement, Matter of Facilities Agreement, Matter of Facilities Agreement and Assignment of Sale and Purchase Agreement
BIDDING DEPOSIT. 3.1 Prior to the commencement of the Auction Sale, all persons or parties intending to bid for the Property at the Auction Sale shall deposit with the Auctioneer a valid bank draft or cashier’s order drawn in favour of the Bank for a sum equivalent to ten per centum (10%) of the Reserve Xxxxx ve Price or any sum exceeding 10% of the purchase price or a minimum of RM2,500.00 whichever is higher (“the Bidding Deposit”) or remit the same through online banking transfer by 4PM, AT LEAST ONE (1) WORKING DAY BEFORE AUCTION DATE. Bidders please refer to the Online Terms & Conditions on xxx.xxxxxxxxxxxxxxxx.xxx for the manner of payment of the deposit.
Appears in 1 contract
Samples: Matter of Facilities Agreement
