Common use of Conversions Clause in Contracts

Conversions. Regardless of the Agreement expiration date, the RECIPIENT shall not at any time convert any equipment, property, or facility acquired or developed under this Agreement to uses other than those for which assistance was originally approved without prior written approval of ECOLOGY. Such approval may be conditioned upon payment to ECOLOGY of that portion of the proceeds of the sale, lease, or other conversion or encumbrance which monies granted pursuant to this Agreement bear to the total acquisition, purchase, or construction costs of such property.

Appears in 76 contracts

Samples: Water Quality Combined Financial Assistance Agreement, Water Quality Combined Financial Assistance Agreement, Water Quality Combined Financial Assistance Agreement

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Conversions. Regardless of the Agreement agreement expiration date, the RECIPIENT shall not at any time convert any equipment, property, or facility acquired or developed under this Agreement to uses other than those for which assistance was originally approved without prior written approval of ECOLOGY. Such approval may be conditioned upon payment to ECOLOGY of that portion of the proceeds of the sale, lease, or other conversion or encumbrance which monies granted pursuant to this Agreement bear to the total acquisition, purchase, or construction costs of such property.

Appears in 3 contracts

Samples: Grant Agreement, Interagency Agreement, Waste 2 Resources Coordinated Prevention Grant Program Agreement

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