Common use of Verification of the Registration of E - Bidders Clause in Contracts

Verification of the Registration of E - Bidders. Registration shall subject to verification and approval of the Auctioneer’s website and subject further to bank’s clearance of deposit payment. Please take note that approval from the Auctioneer’s administrator may take at least 1 working day and any improper, incomplete registration or late registration may be rejected at the sole discretion of the Auctioneer. Neither the Auctione er nor its website nor its agents and/or representative bears any responsibility or assumes any liability in the event that the registration of a prospective E-Bidders is rejected and/or delayed for any reason whatsoever. In the event of the registration i s rejected, the deposit paid (if cleared by the bank) shall be refunded to the same bank acco unt from which the deposit transfer was made within three (3) working days.

Appears in 1 contract

Sources: Musharakah Mutanaqisah Master Agreement

Verification of the Registration of E - Bidders. Registration shall subject to verification and approval of the Auctioneer’s website and subject further to bank’s clearance of deposit payment. Please take note that approval from the Auctioneer’s administrator may take at least 1 working day and any improper, incomplete registration or late registration may be rejected at the sole discretion of the Auctioneer. Neither the Auctione er Auctioneer nor its website web site nor its agents and/or representative bears any responsibility or assumes any liability in the event that the registration of a prospective E-Bidders E -Bidders is rejected and/or delayed for any reason whatsoever. In the event of the registration i s is rejected, the th e deposit paid (if cleared by the bank) shall be refunded to the same bank acco unt account from which the deposit transfer was made within three (3) working days.

Appears in 1 contract

Sources: Facilities Agreement and Assignment of Sale and Purchase Agreement