Surplus Cake Ball Line to the Ongoing Operations of Grupo Bimbo

Canada Bread Company Ltd.

Surplus Cake Ball Line to the Ongoing Operations of Grupo Bimbo

Event ended on: Feb 28th, 2024 1:30 PM EST

Event type: Auction

Aucto BP: 10.00%

Location
Terms
Inspection info
About seller

1 asset location

United States

West Hazleton, Pennsylvania, United States

Tax rate: 6.0000%

Sales terms

***Special Note***
This auction contains lots that are subject to bid confirmation. Please read the lot descriptions carefully, as the assets are offered for sale in both bulk and individual formats. The Buyer acknowledges and agrees that all bids are subject to confirmation by the Seller. If the high bid on the bulk lot of the entire line #10033 is greater than the sum of the high bids on the individual lots, the Seller may elect to award the bid to the high bidder of the bulk lot.

• General: These sales terms are governed by the laws of the jurisdiction in which the asset(s) are located. By participating in the auction, the Buyer acknowledges and agrees to be bound by these sales terms.

• Asset Condition: All assets are sold "as is, where is" without any warranties or guarantees, either express or implied. The Seller makes no representation or warranty as to the condition, functionality, or suitability of any asset for any particular purpose. The Buyer acknowledges and agrees to the Inspection Terms. See Inspection Terms for details.

• Asset Pickup: Unless otherwise stated in the Removal Terms or confirmed in writing by a duly authorized representative of the Seller, if assets are not picked up within 14 days of making payment, the Buyer forfeits rights to the asset(s) and all monies paid, and no refunds will be provided. The Seller is entitled to resell or dispose of abandoned asset(s) at their sole discretion.

• Transfer of Title: The Seller shall transfer the title to the purchased asset(s) to the Buyer at the time of pick up of asset(s).

• Liability: The Seller shall be indemnified and held harmless from and against all claims, damages, losses, and expenses, arising out of or resulting from the sold asset(s). The Buyer acknowledges and agrees that upon pickup of the asset(s), the Buyer assumes all risk, responsibility, and liability for the asset(s) and their use.

Removal terms

• Payment: Payment must be remitted in full before removal can begin. Removal charges will be collected by Aucto and disbursed to the appropriate party.

• Pickup Appointments: Once payment is received in full, pickup appointments will be scheduled so the Buyer can retrieve purchased assets(s). Unless otherwise stated in the Removal Terms, pickup appointments will be scheduled via the Aucto platform. The Seller agrees to provide reasonable availability for the Buyer to pick up the purchased asset(s) during the 14 days after payment is received. Appointments will be booked with a minimum 48-hour notice. Buyers must fulfill scheduled appointment(s).

• Documentation: The Buyer or their authorized representative shall supply a Bill of Lading to the Seller which will include an itemized list of purchased asset(s) to be released to the Buyer. The Seller shall sign the Bill of Lading to acknowledge the release of the purchased asset(s) to the Buyer.

• Rigging & Removal (by Buyer): Unless otherwise stated in the Removal Terms or on the asset description, the Buyer is solely responsible for scheduling materials, equipment, and labor to complete the rigging and removal of the purchased asset(s). The Buyer is responsible for all rigging, removal, shipping, and logistic costs. Buyer may seek a qualified rigging vendor, who must be pre-approved by the Seller, to complete the rigging and removal of the purchased asset(s). The Seller reserves the right to reject any rigging vendor at the Seller’s sole discretion. The Buyer may designate a shipping vendor to complete a pickup appointment on their behalf and may delegate them as the point of contact for the appointment.

• Rigging & Removal (by Seller): Unless otherwise stated in the Removal Terms or on the asset description, the Seller shall remove, prepare, and load the purchased asset(s) onto transport equipment scheduled and provided by the Buyer. The Buyer is responsible for any Removal Costs listed on the asset and for all transportation costs of the purchased asset(s). The Buyer may designate a shipping vendor to complete a pickup appointment on their behalf and may delegate them as the point of contact for the appointment.

Payment terms

All payments must be made through the Aucto Payment Gateway (APG).

Buyers have below options to send payments:
- Wire Transfer
- ACH - Automated Clearing House (US)
- EFT - Electronic Funds Transfer (Canada)
- Credit Card (ONLY available for sale orders less than 5000 USD or 5000 CAD)
- Instructions will be available via APG to winners after a sale has concluded.

Aucto will NOT accept Cash, Check, E-Check, Cashier's Check or Bank Drafts as payment options.

Unless specified by the seller in the "Sale Terms", all payments are due within 24 hours of a sale
order being delivered.

Please submit tax exemption forms to support@aucto.com with your sale-order number in the
subject line. Local tax laws may apply to Aucto Buyer’s Premium (Aucto BP or ABP). In most
situations, tax on Aucto BP is not subject to tax exemption.
Inspections are conducted by appointment only. To request an inspection appointment, the Buyer must have a valid Aucto account. Please email support@aucto.com with your name, Aucto account email address, and preferred inspection date. The Seller will accommodate inspection requests to the best of their ability.
Selling since2020-11-26
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