Assets Management. (1) Party A shall deliver the list of all its assets on December31, 2014(“Base Date”)to Party B, within 10 businessdays after the effective date of this Agreement and undertake it has no action adversely affecting such assets after the BaseDate and before the execution of this Agreement. Party B has the right to use such assets for the necessary operation scope.
Assets Management. 8.1 Party A shall deliver all its assets audited on December 31, 2008 (“Base Date”) to Party B (the assets list attached hereunder as Exhibit A) and undertake it has no action adversely affecting the above-mentioned assets after the Base Date and before the execution of this Agreement.
Assets Management. Assets with a unit cost exceeding US$3,000 and a useful life of more than one year must be documented in an asset register. Regarding items valued below US$3,000, the Implementing Partner should follow its organizational policy on inventory recording. At the end of this Agreement, the Implementing Partner will seek the Organization’s approval for proposed actions relating to the disposal of assets. In addition to the above, the following Annexes to the Agreement are replaced by the revised versions attached to this Amendment: ☒ Annex 2 – Scope of Work ☒ Annex 3 – Schedule of Reporting and Disbursements ☒ Annex 4 –Budget and Financial Reporting Templates This Amendment is incorporated by reference into the Agreement. Except as modified by this Amendment, all other provisions of the Agreement and subsequent Amendments to the Agreement shall remain in full force and effect. The Implementing Partner hereby acknowledges receipt of a copy of this Amendment. By signing below, the Implementing Partner accepts all agreed modifications to the Agreement and all unchanged terms and provisions. Receipt by the Organization of acceptance in writing of these terms and conditions will constitute an integral part of the Agreement. Annex 2 SCOPE OF WORK
Assets Management. 1. The Center does not have financial autonomy. Goods purchased from the Center or leased to the Center are inventoried at the member universities in which they are allocated, as well as reported, for recog- nition, with an indication of the physical place of allocation, in the uni- tary Inventory Registers held by the supporting department, according to the provisions of Law no. 240/2010 and the implementation xx- xxxxx on cost accounting and one-budget, as well as the Regulations of administration, finance and accounting of the University where the administrative headquarters of the Center are.
Assets Management. Items having a unit cost of more than US$2,500 and a useful life of more than one year are considered assets and must be recorded on an asset register. For items with a value below US$2,500, the Implementing Partner should follow its organizational policy on inventory recording. At the end of this Agreement, the Implementing Partner will seek the Organization’s approval for proposed actions relating to the disposal of assets.
