Property and Equipment Purchases Sample Clauses

Property and Equipment Purchases. All items purchased by Grantee from the Funds granted herein are and shall remain the property of Grantee.
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Property and Equipment Purchases. All items purchased by Grantee are and shall remain the property of Grantee, except if Grantor exercises its right to terminate this Agreement pursuant to paragraph 14, in which case all property and equipment purchased by Grantee with any Grant Funds herein awarded shall revert to Grantor. Grantee shall provide for the security and safekeeping of all items obtained through this Agreement.
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Property and Equipment Purchases. This Agreement is subject to any applicable property recapture requirement that may be imposed by federal law, regulation or program guideline. If Grantee defaults in the performance of the terms and conditions of this Agreement and/or this Agreement is terminated for default or non-performance, property and equipment acquired with Grant Funds may be subject to recapture and Grantee may be required to transfer all Grantee’s right, title and interest in such property and equipment to Grantor. Grantee shall provide for the security and safekeeping of all property and equipment obtained with Grant Funds (directly or by reimbursement of costs).
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Property and Equipment Purchases. All property purchased by Grantee using any Grant Funds shall be and remain the property of Grantee. Grantee shall be responsible for the security, maintenance and insurance of all property acquired by Grantee using any Grant Funds.
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Property and Equipment Purchases. All items with a useful life of more than one year and a value greater than $1,000.00 purchased by Grantee from the Funds granted herein are and shall remain the property of Grantee unless Grantee defaults in the performance of the terms and conditions of this Agreement and/or this Agreement is terminated pursuant to Section 16 of this Agreement. If Grantee defaults in the performance of the terms and conditions of this Agreement and/or this Agreement is terminated pursuant to Section 16 of this Agreement, all property and equipment with a useful life of one year and a value greater than $1,000.00 purchased by Grantee with any funds herein granted shall revert to Grantor. Grantee shall provide for the security and safekeeping of all items obtained through this Agreement.
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Property and Equipment Purchases. All items purchased by the Program Participant shall remain the property of the Program Par- ticipant unless the recipient defaults in the performance of the terms and conditions of this Memorandum of Understanding. If the recipient defaults in the performance of the terms and conditions of this Memorandum of Understanding, all property and equipment purchased by the recipient shall be retired from use and stored with the Canalway. The Program Participant shall provide for the security and safekeeping of all items obtained as a result of this Memo- randum of Understanding.
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Property and Equipment Purchases. All items purchased by Partner from the Funds granted herein are and shall remain the property of Partner unless Partner defaults in the performance of the terms and conditions of this Agreement. If Partner defaults in the performance of the terms and conditions of this Agreement, all property and equipment purchased by Partner with any funds herein granted shall revert to OHFA. Partner shall provide for the security and safekeeping of all items obtained through this Agreement.
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Property and Equipment Purchases 
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Related to Property and Equipment Purchases

  • Furniture, Fixtures and Equipment Sublessee shall have the right to use during the Term the office furnishings and equipment within the Subleased Premises that are identified on Exhibit C attached hereto, as such exhibit may be adjusted by mutual agreement of the parties prior to the Third Floor Premises Delivery Date (the “Furniture”), provided Sublessee may only use the Furniture located in the Second Floor Premises after the Second Floor Commencement Date. The Furniture is provided in its “AS IS, WHERE IS” condition, without representation or warranty whatsoever. Sublessee shall insure the Furniture under the property insurance policy required under the Master Lease, as incorporated herein, and pay all taxes with respect to the Furniture. Sublessee shall maintain the Furniture in good condition and repair, reasonable wear and tear excepted, and shall be responsible for any loss or damage to the same occurring during the Term. Sublessee shall surrender the Furniture to Sublessor upon the termination of this Sublease in the same condition as exists as of the applicable Delivery Date, reasonable wear and tear excepted. Sublessee shall not remove any of the Furniture from the Subleased Premises. Notwithstanding anything to the contrary herein, Sublessee may provide Sublessor with written notice one (1) time not less than forty-five (45) days prior to the Third Floor Premises Delivery Date that lists any items of Furniture that Sublessee does not want to use and Sublessor shall, at no cost to Sublessee, remove such items from the Subleased Premises prior to the Third Floor Premises Delivery Date and such items shall no longer be considered Furniture hereunder. Notwithstanding the foregoing, provided Sublessee is not in default beyond the expiration of any applicable cure or grace period as of the date of the expiration or earlier termination of this Sublease, which condition may be waived by Sublessor in its sole discretion, then upon the expiration or earlier termination of this Sublease, the Furniture shall become the property of Sublessee, and Sublessee shall accept the same in its “AS IS, WHERE IS” condition, without representation or warranty whatsoever except as provided in the Bill of Sale referred to in the following sentence. In the event the Furniture is to become the property of Sublessee upon the expiration or earlier termination of this Sublease pursuant to the terms of the immediately preceding sentence, then Sublessor agrees to execute and deliver to Sublessee a Bill of Sale in the form of Exhibit D attached hereto conveying and transferring to Sublessee the Furniture.

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