Disposing of Capital equipment and materials Sample Clauses

Disposing of Capital equipment and materials pursuant to Contract Clause 22 (section 22.9) The Operator will have the right to sell materials and equipment property of the Joint Account subject to the following conditions: 20.2.1 Major material and capital equipment sold by the Operator and previously charged to the Joint Account will be subject to previous Executive Committee approval. The produce thereof will be credited to the Joint Account. For such purpose only, major materials are defined as any assets which estimated sale value exceeds forty thousand US dollars (US$40,000) or the equivalent Colombian currency. 20.2.2 Minor materials charged to the Joint Account and not required for operations or reincorporated to the respective warehouse may be sold by the Operator and the produce theref credited to the Joint Account.
Sample 1
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Disposing of Capital equipment and materials pursuant to Contract Clause 22 (section 22.9) the Operator will have the right to sell materials and equipment property of the Joint Account subject to the following conditions: 20.2.1 Major material and capital equipment sold by the Operator and previously charged to the Joint Account will be subject to previous Executive Committee approval. The produce thereof will be credited to the Joint Account. For such purpose only, major materials are defined as any assets which estimated sale value exceeds forty thousand US dollars (US$40,000) or the equivalent Colombian currency. 20.2.2 Minor materials charged to the Joint Account andnot required for operations or reincorporated to the respective warehouse may be sold by the Operator and the produce thereof credited to the Joint Account. 20.2.3 Any assets which cost or estimated value exceeds forty thousand US dollars (US$40,000) or the equivalent Colombia currency abandonment or dismantling requires previous Executive Committee authorization. 20.2.4 None of the Parties will have the obligation to purchase the other Party's interest in excess materials, whether new or used. Disposal of major excess materials, such as towers, tanks, engines, pumping units and piping will be subject to Executive Committee approval. The Operator will, however, have the right to reject damaged or unusable materials in any way. 20.2.5 All taxes accrued by reason of Joint Account materials or assets sale or disposal shall be the responsibility of the Operator with charge to the Joint Account. CLAUSE 21 - INVENTORY Upon request from ECOPETROL the Operator shall submit the necessary information to analyze warehouse stock and the Parties shall agree upon joint participation to control inventories. The Operator shall provide any facilities required by ECOPETROL to take a fixed assets physical inventory at the Association facilities, previous Financial Subcommittee agreement on the date, time and number of persons designated to take said inventory.
Sample 1

Related to Disposing of Capital equipment and materials

  • Equipment and Materials CONTRACTOR shall provide all equipment, materials, and supplies necessary for the performance on the Agreement except:

  • Capital Equipment Collaborator’s commitment, if any, to provide ICD with capital equipment to enable the research and development activities under the Research Plan appears in Appendix B. If Collaborator transfers to ICD the capital equipment or provides funds for ICD to purchase it, then ICD will own the equipment. If Collaborator loans capital equipment to ICD for use during the CRADA, Collaborator will be responsible for paying all costs and fees associated with the transport, installation, maintenance, repair, removal, or disposal of the equipment, and ICD will not be liable for any damage to the equipment.

  • 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.

  • New Equipment Where new types of equipment and/or operations, for which rates of pay are not established by this Agreement, are put into use after the ratification date of this Agreement within operations covered by this Agreement, rates governing such operations shall be subject to negotiations between the parties. This paragraph shall apply to all new types of equipment including office and clerical equipment. In the event an agreement cannot be reached within sixty (60) days after the date such equipment is put into use, the matter may shall be submitted to the National Grievance Committee for final disposition. Rates agreed upon or awarded shall be effective as of the date equipment is put to use

  • Equipment and Tools 40.01 The Employer will make available all necessary tools and equipment it requires for the performance of work assignments at no cost to the employees. Such tools and equipment will remain the property of the Employer and the employees will be required to take reasonable care of this property and may be required to sign out certain equipment and tools.

  • Personnel Equipment and Material Engineer shall furnish and maintain, at its own expense, quarters for the performance of all Engineering Services, and adequate and sufficient personnel and equipment to perform the Engineering Services as required. All employees of Engineer shall have such knowledge and experience as will enable them to perform the duties assigned to them. Any employee of Engineer who, in the reasonable opinion of County, is incompetent or whose conduct becomes detrimental to the Engineering Services shall immediately be removed from association with the Project when so instructed by County. Engineer certifies that it presently has adequate qualified personnel in its employment for performance of the Engineering Services required under this Contract, or will obtain such personnel from sources other than County. Engineer may not change the Project Manager without prior written consent of County.

  • 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.

  • Testing of Metering Equipment Connecting Transmission Owner shall inspect and test all of its Metering Equipment upon installation and at least once every two (2) years thereafter. If requested to do so by NYISO or Developer, Connecting Transmission Owner shall, at Developer’s expense, inspect or test Metering Equipment more frequently than every two (2) years. Connecting Transmission Owner shall give reasonable notice of the time when any inspection or test shall take place, and Developer and NYISO may have representatives present at the test or inspection. If at any time Metering Equipment is found to be inaccurate or defective, it shall be adjusted, repaired or replaced at Developer’s expense, in order to provide accurate metering, unless the inaccuracy or defect is due to Connecting Transmission Owner’s failure to maintain, then Connecting Transmission Owner shall pay. If Metering Equipment fails to register, or if the measurement made by Metering Equipment during a test varies by more than two percent from the measurement made by the standard meter used in the test, Connecting Transmission Owner shall adjust the measurements by correcting all measurements for the period during which Metering Equipment was in error by using Developer’s check meters, if installed. If no such check meters are installed or if the period cannot be reasonably ascertained, the adjustment shall be for the period immediately preceding the test of the Metering Equipment equal to one-half the time from the date of the last previous test of the Metering Equipment. The NYISO shall reserve the right to review all associated metering equipment installation on the Developer’s or Connecting Transmission Owner’s property at any time.

  • Additional Equipment Additional Equipment may from time to time be added as the subject matter of this Agreement as agreed on by the parties. Any additional property will be added in an amendment describing the property, the monthly rental, security deposit, and stipulated loss value of the additional Equipment. All amendments must be in writing and signed by both parties. Other than by this amendment procedure, this Agreement may not be amended, modified, or altered in any manner except in writing signed by both parties.

  • Inventory To the extent Inventory held for sale or lease has been produced by any Borrower, it has been and will be produced by such Borrower in accordance with the Federal Fair Labor Standards Act of 1938, as amended, and all rules, regulations and orders thereunder.

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