Set forth below are the Terms and Conditions (the “Terms”) that shall apply to any bid, auction, transaction or purchase by any party (a “Bidder” or “Buyer”) either directly from Integra Asset Solutions (“Integra”) or in a transaction in which Integra serves as broker, agent, liquidator or auctioneer for any third party owner. These terms apply to all sales, including (without limitation) private treaty sales; online, live and/or webcast auction sales; and other such sales (each a “Sale”), in the United States conducted by Integra or any joint venture partners thereof unless otherwise specifically stated. By using or accessing any and all Integra services and/or website(s) you agree you have read and understand the Terms stated herein and are bound to these Terms. Any exceptions to the following Terms will be posted in the Terms and Conditions section of each auction or sale. Subject to amendments and modifications announced by Integra.
Upon registration, Integra grants to the registered Bidder (“Bidder”)the right to bid at a Sale to be conducted by Integra for one or more items (the “Assets”). By registering you represent and warrant any and all Bidder Information is accurate and complete. It is solely the Bidders responsibility to maintain current Bidder Information for completeness and accuracy. Only one (1) Bidder per paddle number is allowed. The party whose information was provided at the time of registration is responsible for all purchases of Assets under that Bidder paddle number. Integra reserves the right to deny and or terminate Registrations at any time at its sole discretion without notification. Integra reserves the right to deny usage and access of Integra services and websites at any time without notice or liability to any persons or third parties. When applicable, bidders are required to provide a valid email address and a Visa, MasterCard, or American Express credit card number. THE BIDDER AUTHORIZES INTEGRA TO CHARGE LIQUIDATED DAMAGES TO THE CREDIT CARD LEFT ON FILE DURING THE REGISTRATION PROCESS.
Each Bidder expressly agrees to provide accurate and complete contact, financial, Credit Card, and other requested information. Each Bidder hereby further expressly agrees that, whether each such Bidder is acting as a principal, an agent, or an officer, director, or other representative of an entity, or in any other capacity whatsoever, each such Bidder is personally liable for and shall be bound to remit payment of the purchase price, Buyer’s premium, taxes, and any other amounts payable with respect to any and all Assets for which the Bidder is the “successful bidder” (in each case, the “Buyer”) at the Sale (such Assets, the “Purchased Assets”). In the case of a Bidder acting on behalf of a third party or an entity, by registering, each such Bidder expressly represents, warrants, covenants and agrees that such Bidder has the requisite authority to bind the third party or entity on whose behalf each such Bidder acts.
A Buyer’s Premium (“BP”) will be in effect for each sale of Purchased Assets, unless specifically stated otherwise in the Sale specific terms and conditions (the “Sale Specific Terms”). Please see Sale Specific Terms for amount of BP or for any exceptions.
ALL PURCHASES MUST BE PAID IN FULL WITHIN 48 HOURS UPON RECEIPT OF INVOICE. Invoices will be e-mailed, typically within 24 hours after the Sale closes. All payments must be made by Cashier’s Check, Wire Transfer or Company Check with Bank Letter of Guarantee. Checks must be made payable to Integra Asset Solutions, LLC. In some cases, credit cards will also be accepted up to a $2,000.00. Integra reserves the right to resell Purchased Assets if the proper deposit is not received at or before the time of sale, or if the payment in full is not received within 48 hours of receipt of invoice. Unless specifically stated otherwise in the Sale Specific Terms, absolutely no Purchased Assets will be removed by the Buyer before (i) the conclusion of the Sale and (ii) payment is made in full. All Purchased Assets must be paid for in advance of the Purchased Assets being released to the Buyer or the Buyer’s authorized representatives. No Purchased Assets will be released without confirmation that all the Purchased Assets have been paid in full.
Each Buyer expressly acknowledges and agrees that taxes arising on a sale of the Purchased Assets, including (without limitation) all applicable sales, export, use and other taxes due to any federal, state or local taxing authority, shall be in addition to the sale price and shall be paid to Integra at the time of sale of the Purchased Assets. Any Buyer who claims one or more exemptions from sales or other taxes expressly agrees to provide proof satisfactory to Integra, in its sole discretion, of such Buyer’s entitlement to each such exemption. In the absence of proof satisfactory to Integra, in its sole discretion, taxes shall be paid by the Buyer.
No items shall be removed until the full purchase price and all applicable taxes thereon have been received by Integra in the form required herein. Any items, including all associated parts, components, and accessories, if applicable, not removed on or before the published removal date, may at the option of Integra be subject to a fee of $500 per day. Furthermore, any items not removed on or before the removal date shall be deemed abandoned and Integra shall have no further obligation to the buyer with respect to such items.
Integra shall have no responsibility whatsoever for any missing or lost items that can be removed by hand if such items have not been removed within forty-eight (48) hours of the conclusion of the sale. There will be NO removal of any lots until the auction is complete.
Buyer shall be responsible for the safe and proper removal of any items purchased by Buyer. Integra does not pack, ship, store, crate or rig items. Buyers may either pick up items at the designated auction site personally or can contract a third party to manage the removal process for them. Before items can be removed by a designated third party, buyer must provide Integra with (1) paid-in-full invoice and (2) “Buyer Release Form” which allows Integra to release items to a third party contractor for shipping, crating, rigging or packing purposes.
Items weighing more than 100 pounds must be removed by a qualified, insured rigger. Any person, buyer or rigger, performing removal shall provide proper insurance.
Without limiting Integra’s discretion, such certificate must show that the rigger carries comprehensive liability insurance written by an insurance carrier of national standing and in an amount of not less than two million dollars ($2,000,000.00). Policy must also carry a Workers’ Compensation rider. Without limiting the generality of the foregoing, Buyer shall restore and repair all real and personal property that is altered or damaged as a result of Buyer’s removal of the items. Integra shall have no responsibility to disconnect utilities to the sold asset, including electric, gas, waste and water lines. Buyer is solely responsible to properly remove and store in appropriate containers all fluids, oils, hazardous chemicals, etc., from machinery purchased. Buyer does hereby indemnifies Integra, the owner of the items, and the owner of the premises in which the items are located, from any and all claims, damages, and losses arising from Buyer’s actions or actions with respect to the items and Buyer’s presence on the premises in which the items are located, including without limitation, injuries to persons or property and environmental violations or contamination. Risk of loss on any items shall pass to the Buyer upon payment in full to Integra of all sums due from Buyer in respect to the items.
By participating in this auction (whether you bid or not), Bidderrepresents that it has not engaged in any collusive activity regarding this auction, and Bidder agrees to disclose any person with whom it made an agreement regarding the bidding upon, or purchase of, any item auctioned.
Integra’s Reservation of Rights
The sale of all Assets will conform to the bid process, provided that Integra reserves the right to sell Assets by individual group lots, “EN BLOC”, or otherwise, as Integra deems appropriate. Integra reserves the right to sell on behalf of third parties, its own account, or on the account of others. Each Bidder hereby expressly acknowledges and agrees that Integra may, in its sole discretion, reject any and all bids at any time. Should any dispute arise between two or more Bidders or as to any bid, the Asset(s) in question may, in Integra’s sole discretion, be immediately offered for sale again and resold in which case Integra shall be deemed to have rejected each such bid. Each Bidder hereby expressly acknowledges and agrees that (i) Integra shall regulate all matters relating to the conduct of the Sale, including (without limitation) bidding and bidding disputes, (ii) Integra shall be the sole arbiter of any disputes, (iii) and Integra’s decision(s) shall be final and binding on all Bidders.
Bids are Final
Each Bidder hereby expressly acknowledges and agrees that (i) once submitted a bid shall be binding on the Bidder who submitted such bid and (ii) no bid may be retracted by a Bidder or other party.
“AS IS, WHERE IS”; NO WARRANTIES. BY REGISTERING, EACH BIDDER AND BUYER EXPRESSLY ACKNOWLEDGES AND AGREES THAT ALL SALES ARE (I) FINAL. (II) ON AN “AS IS, WHERE IS”, “IN PLACE”, “WITH ALL FAULTS” BASIS WITH NO CONDITIONS OR WARRANTIES, WHETHER EXPRESSED, IMPLIED, STATUTORY OR OTHERWISE, INCLUDING WITHOUT LIMITATION, WARRANTIES OR CONDITIONS AS TO (A) TITLE, (B) DESCRIPTION, (C) FITNESS FOR PARTICULAR PURPOSE(S), (D) QUANTITY, (E) QUALITY, (F) MERCHANTABILITY, (G) STATE, (H) CONDITION, (I) LOCATION, (J) CONFORMITY TO ANY STANDARD IN RESPECT OF SAFETY, POLLUTION OR HAZARDOUS MATERIAL OR TO ANY STANDARD OR REQUIREMENT OF ANY APPLICABLE AUTHORITY, LAW, RULE, ORDINANCE, OR REGULATION, (K) FINANCABILITY, (L) AGE, YEAR OF MANUFACTURE, MODEL, OR MAKE, (XIII) OR OTHERWISE. INTEGRA EXPRESSLY DISCLAIMS ALL WARRANTIES, EXPRESSED, IMPLIED, STATUTORY OR OTHERWISE, INCLUDING WITHOUT LIMITATION, WARRANTIES OR CONDITIONS AS TO (I) TITLE, (II) DESCRIPTION, (III) FITNESS FOR PARTICULAR PURPOSE(S), (IV) QUANTITY, (V) QUALITY, (VI) MERCHANTABILITY, (VII) STATE, (VIII) CONDITION, (IV) LOCATION, (X) CONFORMITY TO ANY STANDARD IN RESPECT OF SAFETY, POLLUTION OR HAZARDOUS MATERIAL OR TO ANY STANDARD OR REQUIREMENT OF ANY APPLICABLE AUTHORITY, LAW, RULE, ORDINANCE, OR REGULATION, (XI) FINANCABILITY, (XII) AGE, YEAR OF MANUFACTURE, MODEL, OR MAKE, (XIII) OR OTHERWISE. BIDDERS ARE STRONGLY ENCOURAGED TO INSPECT ALL ASSETS BEFORE BIDDING. PREVIEW AND INSPECTION DATES WILL BE PUBLISHED ONLINE FOR EACH RESPECTIVE AUCTION OR SALE AT https://www.integraassetsolutions.com/auctions
No Reliance on Information
All descriptions, advertising, lot catalogs, or any other source of information (oral or written) concerning the Assets provided by Integra or otherwise obtained by a Bidder from a source other than Integra (collectively, the “Information”) are subject to additions deletions, changes, and modifications at any time prior to purchase and sale. Each Bidder expressly acknowledges and agrees that no sale of any Asset may be invalidated by a Bidder because of an error, inaccuracy, or other fault in the Information. Each Bidder hereby expressly acknowledges and agrees that the Information has been prepared for informational purposes only and shall not and may not be relied upon by any Bidder for any purpose, including (without limitation) accuracy or completeness. By bidding on an Asset(s), a Bidder represents, warrants, covenants and agrees that each such Bidder is relying upon each such Bidder’s own investigation, inspection, research, and analysis of the Asset(s) for which a bid has been submitted and is not in any way relying upon the Information provided by Integra or any other third party.
Safety and Repair of Purchased Assets
Each Bidder expressly agrees that, following the Sale and removal of the Purchased Assets, but prior to operating or otherwise using the Purchased Assets, such Bidder shall retain a qualified person to inspect all Purchased Assets for safety and operational purposes. Each Bidder further expressly agrees to repair or restore, at Bidder’s sole cost and expense, all Purchased to a safe operating condition that, among other things, meets any standard or requirement of any applicable governmental authority, law or regulation, including (without limitation) those concerning any use to which the lot may be put.
Removal of Purchased Assets
All Purchased Assets shall be removed within the time frame specified by Integra; provided, however, no Buyer shall be authorized or permitted to remove any Purchased Assets prior to receipt by Integra of payment for such Purchased Assets. Each Buyer expressly acknowledges and agrees that each such Buyer shall be responsible for all costs and expenses associated with removal of the Purchased Assets and shall be liable to Integra, Seller, owner and/or landlord of the premises at which the Purchased Assets are located, and all other third parties for any personal injury or death any person or damage to property, including (without limitation) any personal injury, death, or damage caused by hazardous substances or hazardous materials, caused, in whole or in part, by Buyer or Buyer’s employees, independent contractors, subcontractors, representatives, invitees, agents, affiliates, or other representatives (collectively, the “Buyer Representatives”) Buyer’s acts or omissions arising from related to, during, or associated with the removal of the Purchased Assets.
Bidder Compliance with Applicable Law
Each Buyer expressly acknowledges and agrees that each such Buyer and all Buyer Representatives shall comply with all health and safety, OSHA, environmental, and other applicable laws, rules, and regulations and all requirements established by Integra for the removal of Purchased Assets, including (without limitation) requirements as to bonding of third parties and insurance requirements. Each Buyer expressly acknowledges and agrees that each such Buyer and all third parties utilized by each Buyer shall provide Integra, the seller of the Assets (the “Seller”), the owner and/or landlord of the premises at which the Purchased Assets are located with certificates of liability and worker’s compensation insurance in amounts acceptable to the above parties, each in their sole discretion, and name all such parties as additional insureds under the foregoing policies of insurance. Should Buyer fail or refuse to comply with the requirements of this Agreement or applicable laws, rules and regulations, including but not limited to the failure to provide an adequate proof of insurance, Integra may, in its sole discretion, refuse to permit any Buyer Representative from accessing the premises at which the Purchased Assets are located.
Third Party Service Providers
As a courtesy only, Integra may provide contact information for riggers, machinery movers or other service providers. Integra is not affiliated with, nor shall Integra be responsible or liable for the action of, any rigger, machinery mover or other service provider utilized by a Buyer or Buyer Representatives. Seller or Integra may require the use of one or more specific riggers, machinery movers or other service providers at the premises at which the Purchased Assets are located. Such a requirement does not constitute a guarantee or endorsement by Seller or Integra.
By attending an auction, Bidder grants Integra permission to utilize Bidder’s voice, image and likeness, in whole or in part, in any media whatsoever, in any webcast or broadcast, transmission, reproduction, photograph, video and/or audio sound recording of such auction or in any Integra advertisement or promotion.
Where available, documents of transfer, including motor vehicle ownership documents, in the possession of Integra, will be provided to the Buyer within seven days following payment or as soon thereafter as such documents are available.
Each Bidder expressly grants to Integra a security interest in and lien upon the Purchased Assets and proceeds thereof to secure payment of the purchase price for the Purchased Assets. Each Bidder expressly acknowledges and agrees that, in the event of non-payment by a Bidder, Integra may proceed to file the Bidder Registration Agreement, UCC-1 financing statements, and any other documents to perfect the security interest and lien granted hereby.
Bidding as a Privilege
Integra reserves the right to refuse any applicant the privilege of bidding or attending at the auction or other Sale event and may revoke such privilege at any time.
Time is of the Essence
Each Buyer hereby expressly acknowledges and agrees that time is of the essence in performing Buyer’s obligations associated with the purchase and removal of the Purchased Assets. If a Buyer fails to make payment or remove any Purchased Asset within the time periods provided, Integra may (but shall not be obligated to) resell each such Purchased Asset by auction, private contract or otherwise, as Integra in its discretion deems advisable, and the Buyer shall be liable for the difference between the price at which the Purchased Assets were resold and price that should have been paid by Buyer, plus all costs and expenses incurred by Integra or the Seller and plus interest, legal fees, moving and storage and commissions related to such resale.
Presence of Potential Hazmat
Each Bidder hereby expressly acknowledges and agrees that (i) the premises at which the Assets are located is a potentially dangerous place with hazardous, noxious, corrosive and pressurized materials and substances being present, heavy equipment being operated and electric circuits being live and (ii) every person at such premises, either before, during and after the Sale, shall be deemed to be there at their own risk with notice of the condition of such premises, the activities on such premises and the conduct of third parties. Each Bidder further agrees to advise their employees, independent contractors, subcontractors, representatives, invitees, agents, affiliates, or other representatives (the “Bidder Representatives”) of the foregoing prior to entering the premises.
Each Bidder hereby agrees to indemnify, defend, and hold harmless Integra, Seller, and their employees, independent contractors, subcontractors, representatives, invitees, agents, affiliates, or other representatives from and against and with respect to any and all loss, liability, assessment, claim, cause of action, demand, damage or expense, (including, without limitation, reasonable attorneys’ fees), court costs, penalties, charges and amounts paid in settlement of the foregoing arising from or related to (i) the purchase and sale of the Assets, (ii) Bidder’s acknowledgements, agreements, covenants, representations, or warranties in these terms and conditions, or (iii) any personal injury or death or any damage to property caused, in whole or in part, by such Bidder or such Bidder’s Representatives.
While Integra endeavors to ensure that the websites are normally available 24 hours a day, Integra shall not be liable if for any reason the websites are unavailable at any time or for any period. Access to the websites may be suspended temporarily and without notice in the case of system failure, maintenance, or repair or for reasons beyond Integra’s control. Integra reserves the right, in its sole discretion, to relist or adjust bidding periods on any sale due to system failure, maintenance, or repair. Bidder agrees he has satisfied himself and is not relying on Integra, nor is Integra liable, for any matter in respect of the above.
Limitation of Liability
Each bidder hereby expressly acknowledges and agrees that, regardless of circumstances and regardless of the form of action, whether in contract, tort, or otherwise, (i) Integra’s cumulative maximum liability to a bidder, a buyer or buyer representatives for damages arising out of or resulting in any manner whatsoever to the assets, the purchased assets or the transaction contemplated hereby, including (without limitation) failure to deliver any purchased asset, shall in no event exceed the purchase price and bp actually received by Integra for the purchased assets and (ii) Integra shall have no liability for any indirect, incidental, consequential, special, punitive or exemplary losses or damages of any nature or kind whatsoever incurred or experienced by any bidder, buyer, or buyer representatives.
Waiver of Trial by Jury
Each bidder hereby waives trial by jury in any action, proceeding or counterclaim brought by any bidder against Integra on any matter arising out of or in any way connected with these terms and conditions, the assets, or the purchased assets.
These terms and conditions, the sale specific terms, and the purchase and sale of the purchased assets shall be governed by and construed in accordance with the law internal laws of the state of Delaware without regard to choice of law rules or principles.
Each bidder hereby expressly represents, warrants, covenants, and agrees that each such bidder has received, read, understands, and shall be bound by and comply in all respects with and shall be liable for breaches of the foregoing terms and conditions.