Property Agreement. 1. Property purchased through this project which has an anticipated useful life extending beyond one year, is not consumed in use, is not attached permanently as a non-movable fixture and which costs more than $5,000 will be recorded in the property management file of the agency in accordance with the State Administrative Manual. The STATE retains the right to inspect and to reclaim custody of any or all of the property described above if, in the opinion of the STATE, the property is not being used as intended; not being used to the capacity that it could be; or being used in a negligent manner.
2. It is mutually agreed and promised by the APPLICANT that no property purchased through this project will be conveyed, sold, salvaged, transferred, etc. without the express written approval of the STATE.
Property Agreement. A. AGENCY will immediately notify STATE if any equipment purchased under this Grant Agreement ceases to be used in the manner as set forth by this Grant Agreement. In such event, AGENCY further agrees to either give credit to the project cost or to another active highway safety project for the residual value of such equipment in an amount to be determined by STATE or to transfer or otherwise dispose of such equipment as directed by STATE.
B. No equipment will be conveyed, sold, salvaged, transferred, etc., without the express written approval of STATE, or unless otherwise provided elsewhere in this Grant Agreement.
C. AGENCY will maintain or cause to be maintained for its useful life, any equipment purchased under this Grant Agreement.
D. AGENCY will incorporate any equipment purchased under this Grant Agreement into its inventory records.
E. AGENCY will insure any equipment purchased under this Grant Agreement for the duration of its useful life. Self-insurance meets the requirements of this section.
Property Agreement. As part of the consideration for my employment or continued employment with Veritas DGC Inc. or any company affiliated with Veritas (collectively referred to as "Veritas"), I agree to the following:
Property Agreement. All class choreography, equipment, props, and other materials are the sole property of the Studios. These items are not to be used for personal purposes outside of class unless written permission has been received from Xxxx Xxxxx Xxxxxxx and the Studios.
Property Agreement. All of the leases, subleases and other transactions required to be entered into or completed by the Closing Date as provided for in the U.K. Property Agreement shall have been entered into or completed.
Property Agreement. Alto Dorado Option to Purchase and Royalty Agreement dated June 1, 2002, as amended, between Minera Hecla del Peru, S.A., and Candente Resources Corp. Transfer of Rights Agreement dated July 10, 2003, between Compañia Minera Oro Candente, S.A., and Minera Hecla del Peru, S.A. Ambrosia Lake Assignment of Overriding Royalty Interest dated May 18, 1957, as thereafter amended, a 2/3 of 3% (2%) overriding royalty interest from the production of uranium and uranium bearing solutions from Sections 29, 33 and 35, Township 14 North, Range 9 West. The overriding royalty interest also applies to 100% of the South ½ of Section 27 and a 50% interest in the North ½ of Section 27; and to 20% of an undivided ½ interest in part of the North ½ of Section 31. Apex September 20, 1996 Royalty Deed and Assignment among Hecla Mining Company (“Hecla”) and Cominco American Incorporated and Penarroya Utah, Inc. granting Hecla a 3% Net Smelter Returns royalty, capped at US$1,000,000 in respect of the properties subject to the Deed. Clear January 29, 1998 Quitclaim Deed with Reserved Royalty granted by Nevada Mine Properties, Inc., (“NMP”) to Minefinders (USA) Inc. (“Minefinders”) reserving to NMP a 3% Net Smelter Royalty for gold and silver in respect of the properties subject to the Deed Xxxxxx July 29, 1998 Quitclaim Deed with Reserved Royalty granted by NMP to Minefinders, reserving to NMP a 3% Net Smelter Royalty for gold and silver in respect of the properties subject to the Deed. Gutsy January 31, 1996 Quitclaim Deed with Reserved Royalty granted by NMP to Minefinders, reserving to NMP a 3% Net Smelter Royalty for precious metals. Liard/Schaft Creek December 7, 1978 Assignment and Assumption Agreement among Hecla Operating Company (“Hecla Operating”) Teck Corporation and Liard Copper Mines Ltd. (N.P.L.) wherein Hecla Operating was granted a 5% net proceeds interest and a 3-1/2% overriding fully carried net proceeds interest, both in respect of the properties subject to the Agreement. Longton/Triple Letter of Octagon Resources, Inc. to Hecla confirming that Geodome Petroleum Company holds a 0.0625% royalty interest in a well in Lincoln County, Oklahoma. Oro Xxxxxx January 29, 1998 Quitclaim Deed with reserved Royalty granted by Hecla to Minefinders reserving to Hecla a 3% Net Smelter Royalty on gold and silver in respect to the properties subject to the Deed. Xxxxxxx Mountain September 24, 1992 Royalty Deed granted by Golden Queen Mining Company, Inc. to CoCa Mines Inc. (“CoCa”...
Property Agreement. In accordance with S&A LOC § 9-5-14, (print name) & (print name) are executing this Property Agreement, dividing property and liability.
Property Agreement. Seller and Developer, or an assignee or other successor of Developer approved by Seller or an Affiliate of Developer to whom Developer has assigned or intends to assign its rights and obligations with respect to the Increment 2 Property (“Developer’s Assignee”), shall use diligent efforts to negotiate, and attempt to document and enter into, prior to the date which is three (3) years following the closing of the sale of the first single family lot in Increment 1 (the “Deadline”), an agreement with regards to the ownership and development of Increment 2 (the “Increment 2 Property Agreement”). Developer, however, may terminate such negotiations at any time without any further obligation under this Section 12.1(c). Such termination, however, will not eliminate Developer’s obligation to continue to use its commercially reasonable efforts to obtain final approval of the Preliminary Subdivision Map from the County’s Planning Department. The Increment 2 Property Agreement shall be in form and substance satisfactory to Seller and Developer in their respective sole and absolute discretion and shall provide for, without limitation, the following:
(i) that Seller and Developer shall form a Delaware limited liability company (“Company”);
(ii) that Seller and Developer shall enter into a limited liability company operating agreement for the Company in form and substance reasonably satisfactory to Seller and Developer setting forth the terms regarding the ownership of the Increment 2 Property;
(iii) the contribution (“Contribution”) of the Increment 2 Property to the Company by Developer and Seller, and the terms thereof, including, without limitation, the deemed value of Developer’s and Seller’s contributions;
(iv) that any conveyance by Developer of the Increment 2 Property shall be without representations or warranties from Developer regarding such conveyance; and
(v) such other terms and conditions as may be agreed to by Seller and Developer.
Property Agreement. The Property Agreement is in full force and effect and the Company has no knowledge of any default by either party to the Property Agreement nor has the Company given or received written notice of any default under the Property Agreement.
Property Agreement. The Seller shall, and shall cause each member of the Selling Group and each member of the Company Group that is a party to the U.K. Property Agreement, dated the date hereof and attached hereto as Exhibit J, to, fully comply with their respective obligations, covenants and agreements set forth in the U.K. Property Agreement. The U.K. Property Agreement shall not be amended or modified without the prior written consent of the Buyer.
