Common use of COSTS AND PAYMENT Clause in Contracts

COSTS AND PAYMENT. Membership fees shall be made payable to the Virginia Tech Foundation and mailed to the following address: MICS (ATTN: Dong Ha) 000 Xxxxxxxxxx Xxxx (mail code: 0111) Electrical and Computer Engineering Department Virginia Tech Xxxxxxxxxx, XX 00000 All membership fees will be maintained in a separate account and shall be expended for wages, supplies, equipment, travel, and other expenses in connection with the MICS Program. The title to any equipment purchased for the MICS Program with membership fees shall vest in the University. The University will keep complete and systematic written financial records related to the MICS Program. All such records will be available for inspection by a designated representative on the Advisory Board, and copies of all or any part of such records shall be furnished to the Advisory Board upon request.

COSTS AND PAYMENT. Membership fees shall be made payable to the Virginia Tech Foundation and mailed to the following address: MICS (ATTN: Dong HaXxxx Xx) 000 Xxxxxxxxxx Xxxx (mail code: 0111) Electrical and Computer Engineering Department Virginia Tech XxxxxxxxxxBlacksburg, XX 00000 VA 24061 All membership fees will be maintained in a separate account and shall be expended for wages, supplies, equipment, travel, and other expenses in connection with the MICS Program. The title to any equipment purchased for the MICS Program with membership fees shall vest in the University. The University will keep complete and systematic written financial records related to the MICS Program. All such records will be available for inspection by a designated representative on the Advisory Board, and copies of all or any part of such records shall be furnished to the Advisory Board upon request.