PROHIBITED TO ACT/BID. 5.1 A bankrupt shall not be allowed to bid or act as agent of the bidder. Where the bidder is a foreigner or a foreign controlled company it shall be the bidder’s duty to ensure that the bidder is permitted by the prevailing laws, regulations and guidelines to purchase the property. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder.
Appears in 34 contracts
Samples: Property Sale Agreement, Property Purchase Agreement, Matter of Property Sale Agreement
PROHIBITED TO ACT/BID. 5.1 A bankrupt shall not be allowed to bid or act as agent of the bidder. Where the bidder is a foreigner or a foreign controlled company it shall be the bidder’s bidder‟s duty to ensure that the bidder is permitted by the prevailing laws, regulations and guidelines to purchase the property. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder.
Appears in 6 contracts
Samples: Proclamation of Sale, Proclamation of Sale, www.mybidding.com.my
PROHIBITED TO ACT/BID. 5.1 5.1. A bankrupt shall not be allowed to bid or act as agent of the bidder. Where the bidder is a foreigner or a foreign controlled company it shall be the bidder’s bidder`s duty to ensure that the bidder is permitted by the prevailing laws, regulations and guidelines to purchase the property. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder.
Appears in 3 contracts
Samples: Property Purchase Agreement, Tawarruq Agency Agreement, Tawarruq Agency Agreement
PROHIBITED TO ACT/BID. 5.1 A bankrupt shall not be allowed to bid or act as agent of the bidder. Where the bidder is a foreigner or a foreign controlled company it shall be the bidder’s duty to ensure that the bidder is permitted by the prevailing laws, regulations and guidelines to purchase the propertyProperty. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder.
Appears in 2 contracts
PROHIBITED TO ACT/BID. 5.1 A bankrupt shall not be allowed to bid or act as an agent of the bidder. Where the bidder is a foreigner or a foreign foreign-controlled company it shall be the bidder’s duty to ensure that the bidder is permitted by the prevailing laws, regulations regulations, and guidelines to purchase the propertyProperty. All applications for approvals by such foreign bidder shall be at the sole responsibility and cost of the bidder.
Appears in 1 contract
Samples: Proclamation of Sale
