Lot #5Unused Industrial Electrical Equipment – 1,200 HP VFD, 690V Rectifier & Inverter, 150 kVA Transformer – 7 Units

PAYMENT: All payments are due in full via wire transfer within 5 business days of Invoicing. Buyer is responsible for any bank charges incurred for processing wire transfers (Please note that it is common for your bank as well as intermediate banks to charge a fee). BUYER'S PREMIUM: A 10% Buyer’s Premium will be added to the winning bid and included in the Invoice. SALES TAX: All Taxes are applied at the end of the sale unless a reseller has notified Tiger prior to the close of sale and qualifies for sales tax exemption. A buyer’s failure to qualify for exemption does not waive its obligations to complete its purchase per the terms of sale. INVENTORY / QUANTITY: The quantities listed are provided in good faith by the seller; however, they are not guaranteed. The Buyer is responsible for verifying actual quantities on or before the time of pickup. No adjustments, credits, or claims shall be considered for variances within +/-5% of the stated quantities. Any claims for quantity discrepancies exceeding this amount must be submitted in writing to Tiger via email prior to or at the time of loadout with supporting documentation. By submitting a bid, the Buyer acknowledges and accepts the terms and will bid accordingly. INSPECTIONS: Available with a minimum of 48 hours of advance notice. REMOVAL: Location can load assets onto Buyer's transportation vehicles free of charge. SELLER APPROVAL & FINAL SALE: All high bids are subject to Seller review and approval in the Seller’s sole discretion. A sale is not final until the Buyer receives written or electronic confirmation of Seller approval. Once approved, the sale is binding, final, and non-cancellable. All items are sold strictly “as-is, where-is,” with no warranties or guarantees. Buyers are encouraged to inspect items before bidding. ALL ITEMS SUBJECT TO PRIOR SALE: Auctioneer has the right to add or delete lots for the sale at any time as well as to cancel the sale entirely or sell in bulk. TAX EXEMPTION: Buyer represents and warrants that any resale or exemption certificate provided is valid and applicable to the purchase. Buyer agrees to indemnify and hold harmless Seller and Auctioneer from any tax liability arising from invalid exemption claims. For inquires on this sale, please contact Simon Lovett at +1 281-543-5657, slovett@tigergroup.com