Common use of Fixed Assets Clause in Contracts

Fixed Assets. For purposes of this Agreement, a fixed asset is any physical item, excluding real property, having a cost in excess of $300.00 and a usable life of three years or more. Contractor's annual report to City shall include invoices and receipts of payment for all fixed assets purchased. If at any time Contractor discontinues the Program, at any time during or after the Agreement period, all fixed assets purchased or acquired by Contractor having a cost in excess of $300.00 and usable life of one year or more, revert back to City.

Fixed Assets. For purposes of this Agreement, a fixed asset is any physical item, excluding real property, having a cost in excess of $300.00 and a usable life of three years or more. Contractor's ’s annual report to City shall include invoices and receipts of payment for all fixed assets purchased. If at any time Contractor discontinues the Program, at any time during or after the Agreement period, all fixed assets purchased or acquired by Contractor having a cost in excess of $300.00 and a usable life of one year or more, more revert back to City.

Fixed Assets. For purposes of this Agreement, a fixed asset is any physical item, excluding real property, having a cost in excess of $300.00 and a usable life of three years or more. Contractor's CONTRACTOR’S annual report to City CITY shall include invoices and receipts of payment for all fixed assets purchased. If at any time Contractor CONTRACTOR discontinues the ProgramPROGRAM, at any time during or after the Agreement period, all fixed assets purchased or acquired by Contractor CONTRACTOR having a cost in excess of $300.00 and a usable life of one year or more, more revert back to CityCITY.