Equipment and Other Property. Unless otherwise expressly agreed to by Tiercon in the PO, Seller shall supply at its own expense all equipment, tools, jigs, dies, fixtures, patterns, drawings, specifications, samples, materials, and facilities required to perform its obligations under the PO (the “Supplier Owned Property”). Supplier hereby grants Tiercon an irrevocable option to take possession of and title to the Supplier Owned Property that is special for the production of the goods to be supplied under the PO, upon payment to Supplier of its net book value less any amounts that Tiercon has previously paid to Supplier for the cost of such items. Notwithstanding any other provision of the PO, Supplier acknowledges and agrees that all parts, components, assemblies, equipment, materials, tools, moulds, layouts, models, jigs, dies, fixtures, patterns, designs, sketches, blueprints, drawings, specifications, samples, engineering data, technical or proprietary information, special appliances, other equipment or material, facilities, and any reproductions and replacements thereof, any materials affixed or attached thereto, that are furnished to Supplier or paid for, in whole or in part, by Tiercon or by Tiercon’s customer, (all items above, collectively the “Tiercon Property”), shall remain the property of Tiercon or its customer, as applicable, and be deemed a bailment. The Tiercon Property, while in Supplier’s custody or control and while in the custody or control of Supplier’s suppliers, contractors, or agents, shall be held at Supplier’s risk, shall be kept insured by Supplier at Supplier’s expense against loss or damage in an amount equal to the replacement cost thereof, and shall be subject to removal at Tiercon’ written request. Supplier shall promptly notify Tiercon of the location of the Tiercon Property, if any are located any where other than Supplier’s facility. Unless otherwise expressly stated in the PO, Supplier shall maintain accounting and property control records for Tiercon Property in accordance with sound industrial practices. Supplier shall, at Supplier’s expense, maintain the Tiercon Property in good condition and repair, and shall replace any of the Tiercon Property if, as and when necessary or reasonably required. Upon completion or termination of the PO, Supplier shall retain on a bailment basis, the Tiercon Property still then in the physical possession of Supplier, at Supplier’s expense, until directions are received from Tiercon. Supplier shall allow Tiercon to t...
Equipment and Other Property. All equipment, materials, supplies or property of any kind (including vehicles, publications, copyrights, etc.) purchased with funds received under the terms of this Agreement which has a life expectancy of one (1) year or more shall be the property of DBH, unless mandated otherwise by Funding Source, and shall be subject to the provisions of this paragraph. The disposition of equipment or property of any kind shall be determined by DBH when the Agreement is terminated. Additional terms are as follows:
1. The purchase of any furniture or equipment which was not included in Contractor’s approved budget, shall require the prior written approval of DBH, and shall fulfill the provisions of this Agreement which are appropriate and directly related to Contractor’s services or activities under the terms of the Agreement. DBH may refuse reimbursement for any cost resulting from such items purchased, which are incurred by Contractor, if prior written approval has not been obtained from DBH.
2. Before equipment purchases made by Contractor are reimbursed by DBH, Contractor must submit paid vendor receipts identifying the purchase price, description of the item, serial numbers, model number and location where equipment will be used during the term of this Agreement.
3. All equipment purchased/reimbursed with funds from this Agreement shall only be used for performance of this Agreement.
4. Assets purchased with Medi-Cal Federal Financial Participation (FFP) funds shall be capitalized and expensed according to Medi-Cal (Centers for Medicare and Medicaid Services) regulation.
5. Contractor shall submit an inventory of equipment purchased under the terms of this Agreement as part of the monthly activity report for the month in which the equipment is purchased. Contractor must also maintain an inventory of equipment purchased that, at a minimum, includes the description of the property, serial number or other identification number, source of funding, title holder, acquisition date, cost of the equipment, location, use and condition of the property, and ultimate disposition data. A physical inventory of the property must be reconciled annually. Equipment should be adequately maintained and a control system in place to prevent loss, damage, or theft. Equipment with cost exceeding County’s capitalization threshold of $5,000 must be depreciated.
6. Upon termination of this Agreement, Contractor will provide a final inventory to DBH and shall at that time query DBH as to requ...
Equipment and Other Property. 5.1 All equipment, or other property purchased by University during the term of this Agreement shall become the property of University upon acquisition.
5.2 All prototype hardware and associated documentation resulting from work on Course Project will become the property of Sponsor after the course has concluded if desired. The Sponsor will provide a written request for such.
Equipment and Other Property. 1. NASA permits acquisition of special purpose and general-purpose equipment specifically required for use exclusively for research activities.
a. Acquisition of special purpose or general-purpose equipment costing in excess of $10,000 (unless a lower threshold has been established by the recipient) and not included in the approved proposal budget, requires the prior approval of the NASA Grant Officer. Requests to the Grant Officer for the acquisition of equipment shall be supported by written documentation setting forth the description, purpose, and acquisition value of the equipment, and including a written certification that the equipment will be used exclusively for research, activities. (A change in the model number of a prior approved piece of equipment does not require resubmission for that item.) Research awards are exempt from the prior approval requirement. Special purpose and general purpose equipment costing in excess of $10,000 (unless a lower threshold has been established by the recipient) acquired by the recipient under an award for the purpose of research shall be titled to the recipient as “exempt” without further obligation to NASA, including reporting of the equipment, in accordance with 2 CFR § 200.312(c), Federally-owned and exempt property, and 2 CFR § 1800.312. Special purpose or general purpose equipment costing in excess of $10,000 (unless a lower threshold has been established by the recipient) acquired by the recipient under an award for non-research work shall be titled to the recipient in accordance with 2 CFR § 200.313.
b. Special purpose or general purpose equipment acquired by the recipient with award funds, valued under $10,000 (unless a lower threshold is established by the recipient) are classified as “supplies,” do not require the prior approval of the NASA Grant Officer, shall vest in the recipient and will be titled to the recipient in accordance with 2 CFR § 200.314, Supplies.
2. The recipient shall submit an annual Inventory Report, to be received no later than October 31 of each year, which lists all reportable non-exempt equipment and/or Federally-owned property in its custody as of September 30. Negative responses for annual Inventory Reports (when there is no reportable equipment) are not required. A Final Inventory Report of Federally-Owned Property will be submitted by the recipient no later than 120 calendar days after the end date of the period of performance. Negative responses for Final Inventory Reports a...
Equipment and Other Property. 8.1 Xxxxx Field equipment can only be used within the facility and must not be removed.
8.2 Breakages must be reported to the PARISH COUNCIL, and made safe as appropriate.
Equipment and Other Property. All equipment, materials, or other property purchased by University under the terms of this Agreement shall become the property of the University upon acquisition.
Equipment and Other Property. All of the Equipment is in good working order and condition, ordinary wear and tear, routine service needs and subscriber misuse or non-use excepted, and such Equipment has been installed in accordance with good workmanlike practices prevailing in the industry at the time of installation. All Equipment conforms in all material respects to the Contract pursuant to which it was installed and comply with all material applicable laws, rules, regulations and codes at the time of its installation. All of the Other Property included among the Assets is in good operating condition and repair, normal wear and tear excepted.
Equipment and Other Property. All the equipment, office furniture, appliances, supplies, apparatus, tools, patterns, models, dies, blueprints, fittings, furnishings, fixtures, machinery, vehicles and rolling stock, including without limitation, spare parts, accessories and additions of whatever nature or kind.
Equipment and Other Property. Except as set forth in Section 5.8 of the Disclosure Schedule, Pivotal owns and has good and marketable title to the equipment and other tangible items used in the operations of the Pivotal Business reflected on the books of Pivotal as owned by Pivotal (the "Equipment"), free and clear of all Encumbrances. The Equipment, taken as a whole, is in good operating condition and repair (subject to normal wear and tear) and is suitable for the purposes for which it is presently or has historically been used. Except as otherwise contemplated by this Agreement, Pivotal owns, or, in the case of leases and licenses, has valid and subsisting leasehold interests or licenses in, all of the material properties and assets of whatever kind (whether real or personal, tangible or intangible and including, without limitation, all material intellectual property) used in its business, in each case free and clear of Encumbrances.
Equipment and Other Property. Other than Intellectual Property, which is covered in Section 4.21, the Company or one of its Subsidiaries owns and has good and valid title to and has the legal and beneficial ownership of or a valid leasehold interest in or right to use by license or otherwise, all of its properties and assets, including machinery, equipment and other properties reflected on the books of the Company and its Subsidiaries as owned by the Company or one of its Subsidiaries, in each case, free and clear of all Liens other than Permitted Liens, except as would not, individually or in the aggregate, reasonably be expected to have a Company Material Adverse Effect. All personal property and leased personal property assets of the Company and its Subsidiaries are structurally sound and in good operating condition and repair (ordinary wear and tear expected) and are suitable for their present use in all material respects.
