chuck jaws

ONLINE TIMED AUCTION-Assets of a Major Defense Contractor:

2007 South Ave., Youngstown, Oh. 44502

Lots begin closing November 19, 2014 at 12 PM EST

Inspection: Monday November 17, 2014 9am-4pm EST

Removal: Starts November 20, 2014 at 9am EST

Terms & Conditions for this Online Auction are:

-There is a 15% Buyer’s Premium applied to on-line bidders who purchase at this sale.

-Please enter your Credit Card Information When You Register. SORRY, NO CREDIT CARDS WILL BE ACCEPTED FOR FINAL PAYMENT.

-NOTICE: ALL BIDDERS AND OTHER PERSONS BIDDING AT THIS SALE AGREE THAT THEY HAVE READ AND HAVE FULL KNOWLEDGE OF THESE TERMS AND AGREE TO BE BOUND THEREOF!

-IDENTIFICATION - All purchasers are required to give their full name, company name, permanent address (NO PO BOXES WILL BE APPROVED), phone number and signature.

-TERMS: The buyer does hereby assume and does agree to indemnify and hold the auctioneer and seller harmless from any future claim which shall pertain to the fitness or use of the asset as being purchased.

REMOVAL - No lot can, on any account, be removed during the auction sale. Removal is at the expense, risk and liability of the purchaser. Purchases will be released only upon presentation of paid bill. The auctioneer will not be responsible for items not removed within the time allowed, but does have the option to remove and store, at the risk and expense of the purchaser, any article purchased but not paid for and removed within the time limit mentioned earlier. It is the responsibility of the buyer to completely remove any article purchased by him and should any part of any such article be abandoned, the buyer will be liable for any expense involved in its removal. Additionally, if the equipment is not removed by the specified removal date, each individual company will be charged $250.00 per day to do any removal.

MANNER OF PAYMENT – All bills must be paid within 24 hours of the end of the sale (Receiving your winning notice/invoice from Bidspotter). We will accept your company check under the following conditions a.) The check is certified at time the of purchase b.) You submit a letter from your bank at time of purchase, guaranteeing unqualified payment of your check. All checks for balances due are to be made payable to the order of: LEE STEVENS MACHINEY INC.. All checks are to be cashiers or certified funds, Company checks with a Bank Guarantee, NO PERSONAL CHECKS WILL BE ACCEPTED! Contact Lee Stevens Machinery for Wire Transfer information. The full purchase price, on all lots purchased, must be paid prior to the removal of any of the lots.

-EXAMPLE

Please show this letter to your bank.

To: Lee Stevens Machinery, Inc. Wixom, Mi

Mr. (Customer Name) of (Company Name) is a customer at this bank. This bank will guarantee irrevocable, unqualified payment for full face value stated on this letter to Lee Stevens Machinery for checks drawn on (account number) for an amount up to $_____.00. This letter is Valid for seven (7) days and for the (Name of Auction) ONLY.

CONDITION OF ARTICLES SOLD - The auctioneer shall not be held responsible for the correct description, genuineness, authenticity of or defect in any lot, and makes no warranty in connection therewith. No sale will be set aside or allowance made for any incorrectness, error in cataloging or any imperfection not noted. No allowances or deduction will be made on damaged articles. All goods are exposed for public exhibition and sold "AS-IS" "WHERE-IS" and without recourse.

Inspection of all items can be setup for November 17 or by appointment. Please call Randy or Chris at Lee Stevens Machinery to setup an appointment: 248-926-8400

REMOVAL:

All bills must be paid within 24 hours of the end of the sale (Receiving your winning notice/invoice from Bidspotter) NO LATER THEN November 21, 2014

Removal of purchased items will begin at 7am on November 20, 2014 or by appointment after that.