Public Auctions Sample Clauses

The Public Auctions clause governs the process and conditions under which assets or property may be sold through a public auction. It typically outlines the procedures for announcing the auction, setting minimum bids, and managing the bidding process, ensuring that all interested parties have an equal opportunity to participate. For example, it may specify how notice of the auction is given and the terms under which the highest bidder is awarded the asset. The core function of this clause is to ensure transparency and fairness in the sale process, minimizing disputes and maximizing the value received through open competition.
Public Auctions. No sale at auction by Lessee or others shall be made in or from the demised premises.
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Public Auctions. If the Offeror intends to offer to Transfer any of the Properties pursuant to a public auction, the provisions of Section 3.1 hereof shall not apply; provided that the Offeror shall, not less than 30 days in advance of such public auction, provide written notice to the Operating Partnership of the time and place of such public auction.
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Public Auctions. And each of these types of auctions can be set up as either a normal “Auction” or set as a “Buy It Now” price. Public auctions are automatically posted on your own Store website ▇▇▇▇▇▇.▇▇▇▇▇▇▇.▇▇▇ and posted on the main ▇▇▇▇▇▇▇.▇▇▇ website. Public auctions are viewable by everyone and are available for anyone to bid on. These auctions can be set as a normal auction, with or without a minimum reserve price, to the highest bidder or set at a “buy-it-now” price. All of our Auctions can be snipe-proof auctions. This feature automatically extends the end time of an auction by 5 minutes if a bid is placed on the auction during the last 5 minutes. This prevents bidders from swooping in and grabbing an item at the last second, and ensures every potential bidder has an opportunity to win an auction. It is your option to make your auction snipe-proof or not. We accommodate both video and images on the auction listings to better sell your item. Pictures and video are a snap to upload. We will take pictures and videos of your items (and real estate) and upload it instantly to the auction listing from our smart phone.
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Related to Public Auctions

  • 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

  • ONLINE PUBLIC AUCTION PROCESS Bidders may browse through the PAH Website and select the properties they wish to bid online.

  • POST ONLINE PUBLIC AUCTION PROCEDURES 4.1. Successful E-bidders shall and undertake to sign the Memorandum of Sale at the office of the Auctioneer within 3 working days from the date of auction, failing which the deposit paid will be forfeited to the Assignee bank and the sale will be deemed cancelled/terminated and the property may be put up again for subsequent auction without further notice to the said E-Bidders. The Auctioneer shall send the Memorandum of Sale for stamping and thereafter forward the same together with the required deposit paid under Clause 2.4 above and the differential sum paid under this clause (if any) to the Assignee bank. 4.2. Any successful E-bidder who is unable to attend to sign the Memorandum of Sale at the Auctioneer's office may do so by authorising another person to sign the same of his/her behalf by inserting the particulars of the authorised person and furnishing a copy of his/her identity card and also a Letter of Authorisation for this purpose. 4.3. In the event that there is inconsistency between the personal details and the documents uploaded in the PAH Website and the actual documents produced by the successful bidder, the Auctioneer shall have the right to refuse the successful bidder from signing the Memorandum of Sale and may at its discretion cancel the sale and proceed to put up property up for a new auction and the deposit paid shall be forfeited. 4.4. The Memorandum of Sale upon being signed by the Auctioneer, Solicitor for the Assignee bank and the successful Bidder/Authorised agent shall be conclusive evidence of the sale of the property to the successful bidder.

  • ONLINE PUBLIC AUCTION TERMS AND CONDITIONS The Terms and Conditions specified herein shall govern all users of ▇▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇.▇▇. (PAH Website)

  • Auctions Lessee shall not conduct, nor permit to be conducted, either voluntarily or involuntarily, any auction upon the Premises without first having obtained Lessor's prior written consent. Notwithstanding anything to the contrary in this Lease, Lessor shall not be obligated to exercise any standard of reasonableness in determining whether to grant such consent.