Equipment and Real Property Management Sample Clauses

Equipment and Real Property Management. Any purchase of equipment or real property with SLFRF funds must be consistent with the Uniform Guidance at 2 CFR Part 200, Subpart D. Equipment and real property acquired under this program must be used for the originally authorized purpose. Consistent with 2 CFR 200.311 and 2 CFR 200.313, any equipment or real property acquired using SLFRF funds shall vest in the non-Federal entity. Any acquisition and maintenance of equipment or real property must also be in compliance with relevant laws and regulations. For all infrastructure projects, the Grantee shall provide the following project information on a quarterly basis to the Department: i. Projected/actual construction start date (month/year) ii. Projected/actual initiation of operation date (month/year) iii. Location details
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Equipment and Real Property Management. Any purchase of equipment or real property with SLFRF funds (as approved by the Department) must be consistent with the Uniform Guidance at 2 CFR Part 200, Subpart D. Equipment and real property acquired under this program must be used for the origina ly authorized purpose. Consistent with 2 CFR 200.311 and 2 CFR 200.313, any equipment or real property acquired using SLFRF funds sha l vest in the non-Federal entity. Any acquisition and maintenance of equipment or real property must also be in compliance with relevant laws and regulations.
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Equipment and Real Property Management. Local procedures and guidelines are delineated in the Division of Public Health contract with the local agency.
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Equipment and Real Property Management. Prior approval is required from the program for any equipment, computer purchases, and disposition of the equipment in accordance with state laws and procedures.
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Equipment and Real Property Management. Any purchase of equipment or real property with Funds must be consistent with the Uniform Guidance at 2 CFR Part 200, Subpart D. Equipment and real property acquired under this program must be used for the originally authorized purpose, unless stated otherwise by Treasury. Consistent with 2 CFR 200.311 and 2 CFR 200.313, any equipment or real property acquired using SLFRF funds shall vest in the non-Federal entity, consistent with any guidance that Treasury may issue. Any acquisition and maintenance of equipment or real property must also be in compliance with relevant laws and regulations.
Sample 1
Equipment and Real Property Management. Compliance Requirement - Equipment purchased with DPS JCPC funds or matching local funds shall be used solely for the purpose stipulated in the Program Agreement for the life of that equipment. Equipment is defined as equipment valued at $500 or more with a life expectancy of more than one (1) year purchased with DPS JCPC funds or local match. An equipment inventory shall be maintained in NCALLIES and updated at least annually as part of the Final Accounting process. Disposal of such equipment when necessary shall be in accordance with the agency’s written equipment policy or in accordance with county policy. Should a program be discontinued during the useful life of the equipment, the county shall follow the policy cited in the N.C.A.C. Title 14B, Subchapter 11B for transfer of the equipment or the value to another youth serving program within the county upon the approval of DPS. Audit Objective - Determine that equipment was purchased with funds budgeted for that purpose, that an equipment inventory is maintained for all equipment purchased with DPS JCPC funds or matching local funds and that equipment disposal was handled in accordance with appropriate policy. Suggested Audit Procedures 1. Review the equipment inventory and the capital expenditures reported on final accounting for consistency in equipment and value. 2. Review all equipment inventories for reasonableness of items and values listed considering the program type and budget. 3. Review dispositions and transfers of equipment in accordance with N.C.A.C., Title 14B, Subchapter 11B.
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Equipment and Real Property Management. If the transportation project is constructed on a county or municipal system, the governing board must adopt a resolution accepting responsibility for maintenance and related costs when the transportation project is complete. Reporting: Governmental bodies that receive Economic Development Transportation Projects funding must:
Sample 1
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Related to Equipment and Real Property Management

  • Property Management (a) Borrower shall (i) cause Manager to manage the Properties in accordance with the Management Agreement, (ii) diligently perform and observe all of the terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed and observed, (iii) promptly notify Lender of any default under the Management Agreement of which it is aware, (iv) promptly deliver to Lender a copy of each financial statement, business plan, capital expenditures plan, report and estimate received by it under the Management Agreement, and (v) promptly enforce the performance and observance of all of the covenants required to be performed and observed by Manager under the Management Agreement in a commercially reasonable manner. If Borrower shall default in the performance or observance of any material term, covenant or condition of the Management Agreement on the part of Borrower to be performed or observed, then, without limiting Lender’s other rights or remedies under this Agreement or the other Loan Documents, and without waiving or releasing Borrower from any of its Obligations hereunder or under the Management Agreement, Lender shall have the right, but shall be under no obligation, to pay any sums and to perform any act as may be appropriate to cause all the material terms, covenants and conditions of the Management Agreement on the part of Borrower to be performed or observed. In no event shall the fee payable to Manager for any Interest Period exceed the Management Fee Cap for such Interest Period and in no event shall Borrower pay or become obligated to pay to Manager, any transition or termination costs or expenses, termination fees, or their equivalent in connection with the Transfer of a Property or the termination of the Management Agreement. (b) If any one or more of the following events occurs: (i) the occurrence of an Event of Default, (ii) Manager shall be in material default under the Management Agreement beyond any applicable notice and cure period (including as a result of any gross negligence, fraud, willful misconduct or misappropriation of funds), or (iii) Manager shall become insolvent or a debtor in any bankruptcy or insolvency proceeding, then Lender shall have the right to require Borrower to replace the Manager and enter into a Replacement Management Agreement with (x) a Qualified Manager selected by Borrower that is not an Affiliate of Borrower or (y) another property manager chosen by Borrower and approved by Lender; provided, that such approval shall be conditioned upon Borrower delivering a Rating Agency Confirmation as to such property manager. If Borrower fails to select a new Qualified Manager or a replacement Manager that satisfies the conditions described in the foregoing clause (y) and enter into a Replacement Management Agreement with such Person within sixty (60) days of Lender’s demand to replace the Manager, then Lender may choose the replacement property manager provided that such replacement property manager is a Qualified Manager or satisfies the conditions set forth in the foregoing clause (y).

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