This is an ONLINE ONLY AUCTION. PLEASE DO NOT BID IF YOU ARE NOT ABLE TO PICK UP YOUR ITEMS during the scheduled removal times. ANY ITEMS NOT PICKED UP ON THE SCHEDULED DAYS WILL BE CHARGED A LATE FEE. Invoices $100.00 or less will be charged an additional 25% of their total invoice. Any invoice $100.01 or more will be charged a $25 late fee and a $15 per day storage fee. NO EXCEPTIONS! NO refunds or chargeback's will be granted due to a lack of removal at the designated times. Two Weeks after the scheduled removal, items will be considered abandoned and you will be charged a $25.00 restocking fee per invoice. BUYERS PREMIUM: A 16% buyer's premium will be added to each purchase. If you bid $100.00 at check out you will be charged $116.00 plus 6% sales tax. Buyer's who pay cash will receive a 50% discount off the buyer's premium. PAYMENT: Invoices are sent out immediately after the auction closes. Buyers are given two specified pick up days to come in and pay for items. Credit Cards will be charged automatically after the closing of the last pick up day for ANY invoices not paid for. Credit Cards accepted are Visa, MasterCard or Discover. American Express will be Accepted with an additional 3% fee added to invoice. PRE-AUTHORIZATION: A $1.00 pre-authorization amount will be applied to your credit card for each auction you bid in. This charge is a pending-only. Charge is meant to verify your credit card on file and will drop off once the auction has ended. It will not post permanently to your account. If you have any questions, please e-mail restaurantliquidations@gmail.com. If you feel this charge was mistakenly posted to your account, you must provide a bank statement showing that the charge was POSTED (not pending) to your account. You must have the available balance on your credit card for the amount of your online purchases. Increasing your own bid/Bidding Errors: Please be aware that many bidders routinely increase their own bid to price an item out of reach of other bidders. You should immediately review your bids once submitted. If you mistakenly increase your own bid, place your bidder number in the bid field, or make a typo you must immediately contact our office by email. Use the contact sheet on our website (we must have your request in writing). WE CANNOT REVERSE BIDS AFTER THE AUCTION HAS CLOSED. NO EXCEPTIONS. Staggered Ending: The online auction closes 3 items per minute. This feature will close the bidding on intervals. This feature works great with the auto-extend feature to closely emulate a 'live' auction. Dynamic Closing: The closing time of an asset is automatically extended an additional 5 minutes whenever a bid is placed within the last 3 minutes of the asset's closing time. Bid Notification: If you have been outbid you will be notified by email ONLY UNTIL the last day of the auction. ***Starting at midnight EST the night before the ending of the auction notices are not sent. To quickly review your bids and see if you have won, you can utilize the 'review bids' feature next to the "submit bids" button. Items that have been outbid on will be marked with a red arrow next to the items current winning bidder number. Restaurant Liquidation Auctions staff members reserve the right to bid on items in auctions. Winning Bidder Notification: You will be contacted by email ONLY (you are responsible for checking your email). If you feel you have won an item and have not received an email you must notify us by email no later than 9am the next day. SALES TAX: 6% Michigan Sales Tax will be collected on all sales. IMPORTANT TAX EXEMPT STATUS: If you are tax exempt, prior to the conclusion of the online auction you must DOWNLOAD and EMAIL a copy of the appropriate states tax exempt form to restaurantliquidations@gmail.com. You must include your bidder number and the closing date of the auction. Forms without this information will not be accepted and you will have to apply to the state for a refund. CAUTION: For demonstration purposes various equipment may be joined together. Do not assume a lot consists of more than one item simply because they are connected or pictured together. Please inspect the lot numbers and read the descriptions. Catalog Inaccuracies: You are bidding on the described item not the photo. Occasionally the wrong photo is displayed - always read the item description. WARRANTY & CONDITION OF ITEMS SOLD: All items are sold AS IS, WHERE IS, with NO WARRANTY expressed or implied by the lot number affixed to the item. This sale is to the business community as "equipment" & "inventory" without any implied or expressed warranty. Descriptions are believed to be accurate but not guaranteed. When you are not certain of the condition or use of an item please bid accordingly. You are bidding on the described item not the photo. Bidders are responsible for their own removal. Any item NOT picked up by the set time will be considered abandoned. Removal shall be at the expense, liability, and risk of the purchaser. Purchases will be released upon presentation of a paid receipt. Please insure that movers or anyone picking up items on your behalf have your paid receipt at the pickup location. No items will be released without a paid receipt. IMPORTANT! Restaurant Liquidation Auctions will have the option of reselling, removing, storing or abandoning, at the expense and risk of the purchased items not paid for and/or removed within the specific time. The buyer agrees to pay all deficiencies, legal, collection; transportation and storage expenses associated with delinquent accounts or abandoned items. CHOOSE WISELY: We want everyone to get a good deal and most will. However, when you bid on the wrong item or decide an item is not suited for your intended use, our clients are not willing to assume the cost of your mistakes. When in doubt about condition, completeness or suitability for intended use, please bid accordingly. Restaurant Liquidation Auctions, LLC reserves the right to add or remove items from the auction. Split or combine lots. Add minimum bids or reserve prices. Cancel, suspend, extend or reschedule an individual item and or auction event. Make changes to the auction closing times or inspection or removal times. Restaurant Liquidation Auctions, LLC reserves the right to bid on items being sold at each auction. Any controversy or claim arising out of or relating to this contract and/or agreement, or breach thereof, shall be settled by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association, and judgments upon the award rendered by the arbitrator(s) may be entered in any court having jurisdiction thereof. Liability: Restaurant Liquidation Auctions, LLC and Sellers liability shall be limited to the refund of bidders purchase price. LIMITATIONS: The above-stated Conditions of Sale cannot be altered except in writing by Restaurant Liquidation Auctions, LLC

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