Capital Items. All non-consumable items purchased or fabricated by the Recipient with Grant funds shall be deemed the property of the Recipient. The Recipient will be responsible for maintaining an inventory of any of these items which cost in excess of £20,000 and have a life of more than one year.
Capital Items. The Grantee must maintain insurance with a reputable insurer covering the risks of loss, destruction and damage to all Capital Items for the full insurable value of the Capital Items.
Capital Items. The lessor agrees to provide the lessee with the use and access to all the specified buildings for grain storage, farm machinery and equipment owned by the lessor and listed in Appendix A to this agreement.
Capital Items. Maintenance and repairs Ownership No securities to be given
Capital Items. PRI shall pay to Dendreon, [ * ] US Dollars [ * ] within [ * ] days after the Effective Date for purchase by Dendreon on behalf of PRI of all capital items as provided for in the Collaboration Research Plan. Dendreon, on behalf of PRI, shall purchase all capital equipment identified in the Collaboration Research Plan in amounts not to exceed [ * ], and all right, title and interest to such capital equipment shall be in PRI. At the expiration or termination of this Agreement, all such equipment shall be shipped by Dendreon to PRI at such location specified by PRI, f.o.
b. site of the equipment, at PRI's expense.
Capital Items. Except for real or personal property (i) included in a previously approved budget or (ii) costing less than the ceiling amount established by the Management Committee, Operator shall prepare and submit to Partnership a forecast of the cost of such property it proposes to acquire in the name of Partnership which, under any applicable accounting rules and regulations, might be capitalized. Upon approval of such forecast by Partnership, Operator shall have authority to purchase such property in Partnership's name without further approval or action by Partnership. To the extent that (i) Operator owns property necessary or desirable for the operation and maintenance of the Line which under any applicable accounting rules and regulations, might be capitalized, (ii) Operator in its sole discretion is willing to transfer such property for consideration to Partnership, (iii) such property can be transferred by Operator to Partnership free and clear of all prior liens and encumbrances, and (iv) Partnership approves of such transfer Operator may so transfer such property to Partnership and charge Partnership the fair market value thereof on the date of transfer.
Capital Items. In relation to any Capital Item acquired as part of a Project, the Research Provider must comply with clause 57.
Capital Items. To the extent the Operator or any of its affiliated companies owns real and/or personal property necessary or desirable for the Operation of the Facilities that (a) under Required Accounting Practice, might be capitalized, and (b) the Operator or such affiliate in its sole discretion is willing to transfer for consideration to the Company, the Operator or such affiliate may, if approved by the Company, so transfer such property to the Company. In the event of such a transfer, the Operator may charge the Company the net book value thereof (as reflected on the books of the Operator or such affiliate on the date of transfer). The cost of natural gas utilized for installation, purging, testing and line pack of the Facilities shall be a capital item. Any major modification to information systems requiring information processing and/or programming services shall be a capital item.
Capital Items. Should any Seller or The Ladue News, Inc., subsequent to the date of this Agreement, purchase or commit to purchase any tangible, capital asset (other than replacement items, for which there shall be no adjustment), the aggregate amount payable to Sellers pursuant to Section 2.2 above shall be increased in the amount, if any, of the purchase price of that asset actually paid by Sellers prior to the Closing (and Purchaser shall assume any remaining liability therefor), provided Purchaser has previously consented in writing to the purchase or acquisition thereof by Sellers or The Ladue News, Inc., as the case may be. If any of the tangible assets described in Schedule 1.21(b) hereto (other than Excluded Assets and those replaced or expended in the ordinary course of business) is disposed of by Sellers or The Ladue News, Inc. other than in conformity with Section 5.7, the aggregate amount payable to Sellers pursuant to Section 2.2 above shall be decreased in the amount of the replacement cost for a comparable asset.
Capital Items. Defined as: the cost of all capital items such as vehicles, equipment, drills, spare parts, replacement parts, buildings, bridges and other structures, communications equipment. Riverstone shall have the right to charge the Project a management fee to cover its intangible corporate overheads such as corporate expenses, visits of senior management, accounting, legal and telecommunications costs that arise in the normal course of business. The intent of this fess is that Riverstone shall not make or lose money on the management of the Project. This fee shall be calculated as to 10% of the cost of items in (1.) above plus 5% of the cost of items in (2) above. The cost of items in (3) are excluded from the management fee calculation. Golden Star shall be entitled to review all such costs on an annual basis and both Parties agree to use best efforts to resolve any cost definition disputes. In the event of a dispute Riverstone agrees to provide Golden Star’s auditors with full access to all books and records required in the event of any cost definition disputes. All books and records used and kept by Riverstone to calculate a particular payment will be maintained in accordance with Canadian generally accepted accounting principles. If Golden Star requests an audit of the management fee calculation Golden Star will pay all the costs and expenses of such audit unless it is determined that the management fee calculation was in excess of the amount permitted under the terms of this Annex C by greater than 20%, in which case they will be paid by Riverstone. During the first quarter of every year for the duration of the Option, the Parties shall review the previous year’s management fee and shall have the authority to increase or decrease the amount of the fee, subject to a maximum adjustment either way of $20,000 to reflect the intent of the Parties that Riverstone shall not make or lose money on the management of the Project.
