AUTHORITY RIGHT TO PURCHASE CONTRACTOR’S EQUIPMENT Sample Clauses

AUTHORITY RIGHT TO PURCHASE CONTRACTOR’S EQUIPMENT. 23 The Authority shall have the right, but not the duty, to purchase any or all equipment owned 24 by Contractor at the expiration or earlier termination of this Agreement, at its net book value 25 as shown on Contractor’s audited financial statements (which shall be no greater than the 26 purchase price less accumulated depreciation claimed by Contractor on its federal income
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AUTHORITY RIGHT TO PURCHASE CONTRACTOR’S EQUIPMENT. The Authority shall have the right, but not the duty, to purchase any or all equipment owned by Contractor at the expiration or earlier termination of this Agreement, at its then-current net book value as shown on Contractor’s audited financial statements (which shall be no greater than the purchase price less accumulated depreciation claimed by Contractor on its federal income tax returns). Within thirty (30) days of the Commencement Date, the Contractor shall deliver to the Authority properly signed documents necessary or appropriate for the Authority to secure its purchase options. As new or replacement equipment is purchased, similar documentation covering the equipment shall be provided by Contractor. Upon the Authority’s exercise of its option to purchase, Contractor shall sign and deliver bills of sale or other documents reasonably requested by Authority to evidence the transfer of title to all equipment purchased. If Contractor wishes to lease (rather than purchase) the equipment which it is to furnish, each lease shall provide that the lessor will, if requested, consent to its assignment to the Authority without charge upon the expiration or earlier termination of this Agreement and further shall provide adequate mechanisms for the Authority to acquire title to equipment if desired.
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AUTHORITY RIGHT TO PURCHASE CONTRACTOR’S EQUIPMENT. 27 The Authority shall have the right, but not the duty, to purchase any or all equipment owned 28 by Contractor at the expiration or earlier termination of this Agreement, at its net book value 29 as shown on Contractor’s audited financial statements (which shall be no greater than the 30 purchase price less accumulated depreciation claimed by Contractor on its federal income 31 tax returns). Within thirty (30) days of the commencement of operations, the Contractor 32 shall deliver to the Authority properly signed documents necessary or appropriate for the 33 Authority to secure its purchase options. As new or replacement equipment is purchased, 34 similar documentation covering the equipment shall be provided by Contractor. 35 Upon the Authority’s exercise of its option to purchase, Contractor will sign and deliver bills 36 of sale or other documents reasonably requested by Authority to evidence the transfer of 37 title to all equipment purchased. 38 If Contractor wishes to lease (rather than purchase) the equipment which it is to furnish, 39 each lease shall provide that the lessor will, if requested, consent to its assignment to the 40 Authority without charge upon the expiration or earlier termination of this Agreement and 41 further shall provide adequate mechanisms for the Authority to acquire title to equipment if 42 desired.
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Related to AUTHORITY RIGHT TO PURCHASE CONTRACTOR’S EQUIPMENT

  • Contractor’s Equipment Payment for required equipment owned by the Construction Manager or an affiliate of the Construction Manager will be based solely on an hourly rate derived by dividing the current appropriate monthly rate by 176 hours. No payment will be made under any circumstances for repair costs, freight and transportation charges, fuel, lubricants, insurance, any other costs and expenses, or overhead and profit. Payment for such equipment made idle by delays attributable to the Government will be based on one-half the derived hourly rate under this subsection.

  • Selection of Subcontractors, Procurement of Materials and Leasing of Equipment The contractor shall not discriminate on the grounds of race, color, religion, sex, national origin, age or disability in the selection and retention of subcontractors, including procurement of materials and leases of equipment. The contractor shall take all necessary and reasonable steps to ensure nondiscrimination in the administration of this contract. a. The contractor shall notify all potential subcontractors and suppliers and lessors of their EEO obligations under this contract. b. The contractor will use good faith efforts to ensure subcontractor compliance with their EEO obligations.

  • Condition of the Contractor’s Property or Equipment The Contractor shall make the Property and/or equipment available to the Judicial Council, pursuant to the terms and conditions set forth in this Agreement. The Contractor shall immediately remedy any problem with the Property’s physical plant or equipment that impairs or diminishes the quality of the Program. The Contractor shall ensure the appropriate hot water, heating, and ventilation is provided at the Property during the Program, inclusive in the prices set forth herein.

  • Notice to Proceed - Site Improvements The Recipient shall not commence, or cause to be commenced, any site improvements or other work on the Land until the Director has issued a Notice to Proceed to the Recipient. Such Notice to Proceed will not be issued until the Director is assured that the Recipient has complied with all requirements for the approval of a grant under Revised Code Sections 164.20 through 164.27 and has completed any land acquisition required by the Project. A Notice to Proceed shall be required for all Project prime contractors or direct procurement initiated by the Recipient following execution of this Agreement.

  • Computer Equipment Recycling Program If this Contract is for the purchase or lease of computer equipment, then Contractor certifies that it is in compliance with Subchapter Y, Chapter 361 of the Texas Health and Safety Code related to the Computer Equipment Recycling Program and the Texas Commission on Environmental Quality rules in 30 TAC Chapter 328.

  • Materials and Equipment ‌ Material means property that may be consumed or expended during performance, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. Equipment means a tangible item that is functionally complete for its intended purpose, durable, nonexpendable, and needed for performance. Materials and Equipment shall be priced in accordance with the terms of the task order award, contract type, and applicable FAR and agency-specific regulatory supplements. Unless otherwise directed by task order terms and conditions, the Contractor may apply indirect costs to materials and equipment consistent with the Contractor’s usual accounting practices.

  • Television Equipment Recycling Program If this Contract is for the purchase or lease of covered television equipment, then Contractor certifies that it is compliance with Subchapter Z, Chapter 361 of the Texas Health and Safety Code related to the Television Equipment Recycling Program.

  • Furniture and Equipment and Certain Other Equipment The Receiver hereby grants to the Assuming Bank an option to purchase all Furniture and Equipment or any telecommunications, data processing equipment (including hardware and software) and check processing and similar operating equipment owned by the Failed Bank at Fair Market Value and located at any leased Bank Premises that the Assuming Bank elects to vacate or which it could have, but did not occupy, pursuant to this Section 4.6; provided, that, the Assuming Bank shall give the Receiver notice of its election to purchase such property at the time it gives notice of its intention to vacate such Bank Premises or within ten (10) days after Bank Closing for Bank Premises it could have, but did not, occupy.

  • Access Toll Connecting Trunk Group Architecture 9.2.1 If CSTC chooses to subtend a Verizon access Tandem, CSTC’s NPA/NXX must be assigned by CSTC to subtend the same Verizon access Tandem that a Verizon NPA/NXX serving the same Rate Center Area subtends as identified in the LERG. 9.2.2 CSTC shall establish Access Toll Connecting Trunks pursuant to applicable access Tariffs by which it will provide Switched Exchange Access Services to Interexchange Carriers to enable such Interexchange Carriers to originate and terminate traffic to and from CSTC’s Customers. 9.2.3 The Access Toll Connecting Trunks shall be two-way trunks. Such trunks shall connect the End Office CSTC utilizes to provide Telephone Exchange Service and Switched Exchange Access to its Customers in a given LATA to the access Tandem(s) Verizon utilizes to provide Exchange Access in such LATA. 9.2.4 Access Toll Connecting Trunks shall be used solely for the transmission and routing of Exchange Access to allow CSTC’s Customers to connect to or be connected to the interexchange trunks of any Interexchange Carrier which is connected to a Verizon access Tandem.

  • Customer Equipment Customer represents and warrants that it owns or has the legal right and authority, and will continue to own or maintain the legal right and authority during the term of this Agreement, to place and use the Customer Equipment as contemplated by this Agreement. Customer further represents and warrants that its placement, arrangement, and use of the Customer Equipment in the Internet Data Centers complies with the Customer Equipment Manufacturer's environmental and other specifications.

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