Fixed Assets Department

Fixed Assets Department

Contact Us:
Monday - Friday 8 a.m. – 5 p.m. (non-holidays)
954-967-3640
954-966-6300 ext. 20034
fixedassets@semtribe.com

Seminole Tribe of Florida — Tribal Members Only

Terms and Conditions of Sale

BY REGISTERING AND BIDDING, YOU ARE ACKNOWLEDGING THE FOLLOWING TERMS AND CONDITIONS AND THESE TERMS AND CONDITIONS APPLY TO YOUR USE OF THE ROYAL AUCTION GROUP ONLINE SERVICES. DO NOT BID UNTIL YOU HAVE READ ALL OF THE BIDDING TERMS SET FORTH BELOW. DO NOT BID UNLESS YOU AGREE TO ALL OF THE TERMS BELOW.

1 - CONDITIONS: All asset surplus items which are physical properties, such as automobiles, trucks, vans, lifts are sold "as-is," "where-is" with no warranty or guarantee expressed or implied for description, condition, or fitness for use. Conditional notes or descriptions are deemed an opinion only and in no way be guaranteed. Royal Auction Group, Inc. ("RAG") is proud to provide as much info pertaining to each lot, but should be used as a guide only. Buyers can inspect any lot physically prior to bidding or contact us at 239-936-4121 for additional questions. Mileage/hours are recorded only by what is visible on the meter, and no guarantees are made on actual mileage/hours on any asset sold. Condition notes are given as a guide only; factual information on any lot sold is to be verified solely by the buyer/bidder. Inaccuracies in the catalog or on the Internet will under no circumstances relieve the purchaser from the sale. Once a bid is recorded it cannot and will not be changed or altered. It's solely the bidder's responsibility to be responsible for any bids posted by their paddle number or bidder number both onsite and online. No buyer shall or may retract his bid. The buyer accepts the lot when he makes a bid. All sales are final. Any announcements made on, before, or during the time of sale supersede any written descriptions. All opinions of condition are strictly to be used as guidelines. We do guarantee free and clear title to ownership with no liens or encumbrances whatsoever unless otherwise noted. All verbal or written announcements made during the sale or on the auction block, overwrite any printed descriptions or claims posted on catalog or any other marketing material. INSPECT BEFORE YOU BID!

Buyers must be verified and approved by the Seminole Tribe of Florida to gain admittance to the auction site and obtain a bidder number.

The bidder is responsible for knowing which item you are bidding on. If you are unsure, you should inquire or not bid. When you become the winning bidder at the auction you have affected a contract and will be expected to pay for those asset surplus items in which you were evidenced to be the successful bidder. Auctioneer will not honor "mistakes." INSPECT BEFORE YOU BID!

The auctioneer reserves the right to accept bids in any increment he feels are in the best interest of his client, the seller. The auctioneer reserves the right to reject the bidding of any person whose conduct, actions, or adverse comments he feels are not in the best interest of the seller.

2 - BUYERS PREMIUM: No Buyers Premium will be charged to the Seminole Tribe of Florida members for this sale.

3 - SALES TAX: No sales tax will be charged to the Seminole Tribe of Florida members for any item(s) purchased during this sale.

4 - INSPECTION: Asset surplus items will be available for inspection as set by the Seminole Tribe of Florida. Please contact the Tribe for times and dates.

5 - SALE SITE DIRECTIONS: Asset surplus items will be sold from The Seminole Tribe of Florida property(s). See the item listing for the location of each item.

6 - PAYMENT TERMS:
Payment in full is required by the Wednesday after auction day Payment made be made by:
Winning bidders are required to contact Royal Auction Group via email at info@royalauctiongroup.com to arrange payment instructions. The bidder becomes solely responsible for all asset surplus item purchased by them immediately following the winning bid and making payment in full. The buyers assumes all risks of damage to the asset surplus items following the winning bid and making full payment by any cause, including Acts of God. RAG, not the STOF shall not be responsible for theft or item following the bidder doesn't pay within seven (7) business days the award will be null and void. The asset will be picked up and sold at the RAG next auction.

7 - Wiring Instructions:
To Royal Auction Group, Inc.
Bank Name: Chase
City and State: 1 Chase Manhattan Plaza New York, NY 10015
Account Number: 838960729
Routing Number: 267084131
Swift Code: CHASUS33

8 - REMOVAL: No asset surplus items may be removed until paid in full. Once your item(s) are paid in full, you will receive a "Gate Pass'. Use the gate pass as your pickup ticket. Item removal will be determined by the Seminole Tribe of Florida. Contact the Tribe for pick allowance times. Asset surplus items not removed in the time frame agreed may be deemed abandoned, and the auctioneer may tow and impound or resell the lot.

It is solely the responsibility of Buyer to remove all asset surplus items within the time frames set forth in this Section.

9 - LOADING: Loading will be handled by the Seminole Tribe of Florida staff at the item storage facility. Certain items may need additional tow assistance supplied by the buyer. We are not responsible for any asset surplus items loaded or any security of such asset surplus items. If an outside transport company is used, make sure the driver can load and tie down on their own. In no way will RAG or any of its employees be held responsible for any damage or injury to such asset surplus items or to any other persons or property during the loading process, and Buyer assumes all risks of damage to the asset surplus items following the winning bid by any cause, including Acts of God. If the item is listed as non-running, plan to bring a tow truck. We will not push vehicles onto a trailer. The buyer agrees to indemnify and hold RAG and its staff harmless from any claims of damage or injury to any asset surplus items or to any other persons or property during the loading process.

10 - TITLE PROCESS — RAG will handle all title transfers. Please bring proof of insurance and appropriate funds for your transfer and registration fees. The title transfer documents can be done in person, or you can opt for electronically signing the documents. You must complete all the paperwork before we can begin to transfer the title. We process all titles, and the title process can take up to 4 weeks after we receive the original completed title paperwork from you.

RAG is under no obligation to begin the title transfer process until the TOTAL INVOICE of all buyer's purchases including all applicable goods, or fees have been paid and we receive the original completed title paperwork from you.

In State: (Florida Residence)
Title Processing Fee for Non-Commercia/ Vehicles under 75001bs curb weight & Trailers over 2,0001bs. —--------------------------- Approximately $165.00
Trailers under 2,0001bs. Registration Transfer & Bill of Sale only ---- ---- $25.00
Commercial Vehicles Fees are charged by the GVW of the vehicle.
Please see an associate for the fees.
Title Processing Fee for Boats / Jet Ski's / Wave Runners —--- $25.00ea
ATV / IJTV Title processing ---------—------- - - $25.00
Tags (License plates) must be handled by the buyer. RAG will supply the title, once processed, and Tribe members will use that to obtain a Tag.

11 - LITIGATION: Costs and Expenses. In the event of any litigation between any of the Parties arising from or relating to the enforcement or interpretation of this Agreement, the prevailing party is entitled to recover all costs and expenses, which shall include attorney's fees incurred at all proceedings, including, without limitation, before trial, at trial and all appellate levels, against the non-prevailing party. In any such award of costs and expenses, the prevailing party shall also be entitled to recover "fees on fees" from the non-prevailing party, meaning those costs and expenses, including attorney's fees, which are required to determine the amount of costs and expenses to be awarded.

12 - GOVERNING LAW, JURISDICTION, and VENUE: This Agreement shall be deemed to be made and entered into in the State of Florida, and shall, in all respects be interpreted, enforced, and governed under the laws of Florida. The sole and exclusive venue and forum for any litigation arising under or related to this Agreement shall be the State Courts of Florida located in Broward County, and the parties hereby expressly waive and release any rights they may otherwise possess to file or move any such litigation to any other Court in the State of Florida, or to any Court in any other State, or to remove such litigation to Federal Court.

Auction Terms Glossary:
Odom Reads — This is what the odometer shows at the time of check in. Odom reads is not a guarantee of true mileage, we are simply stating what the odometer is currently showing.

Pwd by/Pwr by — Means the unit has this brand or size power unit.

Limited Function Check — Means during our short check in period, we performed a limited function test of major components where the results are writen in the description. This test does not guarantee functionality of any item or components of that item.

Runs & Drives — Means the unit ran and was driven in line during the check in process. Runs and Drives does not guarantee the unit will drive any extended distance.

Absentee Bid — Means a bid submitted by a bidder to the auction company who cannot attend the auction and therefore the auction company will bid as their proxy.

Timed Sale — Means an on-line sale where each item starts at a specific time and continues until the time expires. Each bid may add additional time to the bidding process.

Clear Title - Royal Auction Group guarantees a clear title on titled asset surplus items or we will refund your money in full plus Five Hundred Dollars and Zero Cents ($500.00).

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