Common use of FUNDING EQUIPMENT Clause in Contracts

FUNDING EQUIPMENT. Federal funding under this instrument is not available for reimbursement of the Cooperator’s purchase of equipment. Equipment is defined as having a fair market value of over $5,000 per unit and a useful life of over one year. Supplies are those items that are not equipment.

Appears in 2 contracts

Samples: Master Participating Agreement, Agreement

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FUNDING EQUIPMENT. Federal funding under this instrument agreement is not available for reimbursement of the Cooperator’s purchase of equipment. Equipment is defined as having a fair market value of over $5,000 or more per unit and a useful life of over one year. Supplies are those items that are not equipment.

Appears in 1 contract

Samples: Participating Agreement

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FUNDING EQUIPMENT. Federal funding under this instrument agreement is not available for reimbursement of the Cooperator’s purchase of equipment. Equipment is defined as having a fair market value of over $5,000 or more per unit and a useful life of over one 1 year. Supplies are those items that are not equipment.

Appears in 1 contract

Samples: Good Neighbor Agreement

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