Capital Assets. 26.1 During the useful life of a Capital Asset, and notwithstanding the termination or expiry of this Agreement, no Capital Asset shall be sold, charged, loaned, or otherwise disposed of or cease to be used for the purposes of the Project without our prior written consent and such consent (if given) may be conditional on repayment to us of the relevant part of the Grant and shall be subject to clause 27 (GLA Interest in Capital Assets).
26.2 You will procure the maintenance of an insurance policy with an insurer of good repute for every Capital Asset which covers loss or damage for the full replacement value of those Capital Assets and (for the avoidance of doubt) in the event of any loss of or damage to any Capital Asset, we will not be obliged to pay for its replacement or repair.
26.3 You will keep a register of all Capital Assets which shall be accessible to us on request at all reasonable times. Where Grant is used for the purchase of a Capital Asset it must be included on the register of Capital Assets. The register shall include the following information for each Capital Asset:
26.3.1 the date of purchase;
26.3.2 a description sufficient to identify it;
26.3.3 the purchase price excluding recoverable VAT;
26.3.4 any third-party interests or charges over the Capital Asset (e.g. a bank charge if a bank has lent money for the purchase for the Capital Asset);
26.3.5 the location of the documentation showing your title to the Capital Asset;
26.3.6 the location of the Capital Asset;
26.3.7 (if applicable) the date of disposal and the amount of any sale proceeds (net of VAT) and
26.4 For the avoidance of doubt in the event that we consent to your disposal or cessation of use in the Project of any Capital Asset (pursuant to clause 26.1) you shall ensure all data collected used or in any way related to or connected with the Project is erased (so that it cannot be recovered therefrom) from the Capital Assets to which such consent relates.
26.5 The provision of this clause 26 shall survive the termination or expiry of this Agreement.
Capital Assets. Capital assets means tangible or in- tangible assets used in operations hav- ing a useful life of more than one year which are capitalized in accordance with GAAP. Capital assets include:
Capital Assets. The parties hereby acknowledge that TDCJ and the University Providers are each subject to the provisions of Texas Government Code Chapter 403, Subchapter L. The parties further acknowledge that each entity is responsible for compliance with the rules and procedures for accounting for state property promulgated by the Comptroller of Public Accounts pursuant to that law, including the proper recording of Capital Assets on the State Property Accounting (SPA) System. The parties agree to abide by Capital Asset value limitations and definitions established for the State Property Accounting System and nothing in this Agreement changes the reporting thresholds established by the SPA System.
1. The transfer of Capital Assets used in the delivery of medical care (documented by electronic transfer documents from TDCJ to the University Providers) was effectuated by the Agreement between CMHCC and TDCJ dated August 24, 1995 and which expired August 31, 1997. The Capital Assets originally transferred or subsequently transferred under this prior agreement are for the beneficial use of the State of Texas and shall not be used for any other purpose. Such Capital Assets may be transferred as needed among TDCJ facilities but shall not be removed from TDCJ premises. The University Providers shall notify TDCJ Health Services of the nature of use of such Capital Assets for benefit of any state entity or individual other than TDCJ. Use of such Capital Assets shall not negatively impact on provision of services to TDCJ as provided in this Agreement.
2. Subject to state inventory reporting requirements, annually in September, each University provider shall submit to TDCJ a complete list of Capital Assets on each unit including description and property number. Changes to the most recent inventory, consisting of the lists of purchased or transferred equipment and requests for disposal of equipment shall be submitted to TDCJ monthly.
3. The University Providers retain accountability for Capital Assets and responsibility for maintenance, repair or replacement as may be necessary. Any maintenance and repair issues that may arise relating to Capital Assets covered under terms of the construction warranty documents shall be handled in accordance with procedures of the TDCJ Facilities Division's warranty office. Should the University Provider determine that there is no longer a need for a Capital Assets originally transferred by TDCJ or the item falls below the value limitations set by t...
Capital Assets. State property that has an estimated life of greater than one year and are recorded as capital assets in the State Property Accounting (“SPA”) system.
Capital Assets. Capital assets are tangible assets of significant value having a useful life that extends beyond the current year and are broadly classified as land, buildings and improvements, and equipment. Land cannot be depreciated. All other capital assets with an acquisition cost of $5,000 or more shall be capitalized. Acquisition cost means the net invoice unit price of an item, including shipping costs and sales taxes, the cost of any modifications, attachments, accessories, or auxiliary apparatus necessary to make it usable for the purpose for which it was acquired. Capital asset purchases shall be approved by the CONTRACTOR’S Board of Directors or their authorized representative. Capital assets shall not be ordered, or purchased during the last three months of the term of the CONTRACTOR’S Agreement with the COUNTY, unless the acquisition is pre-approved by the COUNTY.
Capital Assets. The Contractor agrees that any capital assets purchased on behalf of RIDOH on a pass-through basis and used on behalf of RIDOH by the Contractor shall upon payment by RIDOH, become the property of RIDOH unless otherwise agreed to by the parties and may be utilized by the Contractor in a reasonable manner. Capital assets are defined as any item having a life expectancy of greater than one (1) year and an initial cost of greater than five thousand dollars ($5,000) per unit, except greater than five hundred dollars ($500) per unit for computer equipment. Upon written request by RIDOH, the Contractor agrees to execute and deliver to RIDOH a security interest in such capital assets in the amount of the value of such capital asset (or for a lesser amount as determined by RIDOH).
Capital Assets. The Recipient is not required to report capital asset expenditures to the Province. However, the Recipient will maintain a separate record of capital asset expenditures for audit purposes in accordance with Article 7.2 of the Agreement.
Capital Assets. All equipment purchased with CKU funds which costs more than USD 300 should be recorded in a fixed asset register., which at al times should be updated. All capital assets must be, as far as possible, adequately insured against theft, loss and damage.
1 Sexual harassment is understood as any kind of unwanted verbal, non-verbal or physical behavior of a sexual nature with the aim or impact that a person’s dignity is violated, especially if it happens in a threatening, hostile, degrading, humiliating or offensive environment. Sexual exploitation is understood as attempts or actual abuse of position of power to exploit a person’s vulnerability for sexual gain. This also applies to relationships where economic, social or political advantage is gained from another person on the basis of sexual exploitation. Sexual abuse can consist of either a threat of or actual physical abuse of a sexual nature.
Capital Assets. All equipment, computers, photocopy machines and other tangible personal property owned by Genco and used by Genco in the ordinary course of the Business, subject to replacement or retirement in the ordinary course of business;
Capital Assets. The Capital Assets are in good operating condition, ordinary wear and tear excepted, subject to normal repairs in the ordinary course of business.
