Common use of INVESTMENTS OF PROPERTY Clause in Contracts

INVESTMENTS OF PROPERTY. Non-cash items contributed to the investment shall be adjusted if necessary to reflect the fair market value of the items furnished at the time of contribution to the project, plus freight, installation and other reasonable direct costs incurred in furnishing the items to the project.

INVESTMENTS OF PROPERTY. Non-cash items contributed to as part of the investment shall be adjusted if necessary to reflect the fair market value of the items furnished at the time of contribution to the project, plus freight, installation and other reasonable direct costs incurred in furnishing the items to the project.