Common use of Purchase of Equipment Clause in Contracts

Purchase of Equipment. The purchase of equipment must be made pursuant to Grantee’s established purchasing policy and if not specifically listed in the Budget, Grantee must have prior written approval of Grantor. Equipment is defined as non-expendable personal property having a useful life of more than one year. Such equipment shall be retained by Grantee unless otherwise specified at the time of approval.

Appears in 4 contracts

Samples: www.waterfordmi.gov, waterfordmi.gov, www.romi.gov

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Purchase of Equipment. The purchase of equipment must be made pursuant to the Grantee’s established purchasing policy and if not specifically listed in the Budget, Grantee Attachment B, must have prior written approval of the Grantor. Equipment is defined as non-expendable personal property having a useful life of more than one year. Such equipment shall be retained by the Grantee unless otherwise specified at the time of approval.

Appears in 2 contracts

Samples: michiganidc.gov, micounties.org

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