PURCHASE OF TIRES UPON TERMINATION Sample Clauses

PURCHASE OF TIRES UPON TERMINATION. At termination of this Contract, the County may purchase from the awarded Bidder all mileage remaining on the tires in use. Tires in use are only those used tires mounted on wheel rims and will include both those already installed on vehicles and those in inventory. A cash purchase price will be calculated by multiplying the tire mileage remaining on the tires by the mileage rates in effect for the preceding twelve-month period before the Contract termination date. The mileage remaining shall be determined by subtracting the mileage the tires have run in service from the average mileage recorded for all tires of the same group (original tread or retreaded) removed from service during the preceding twelve month period to the termination of the Contract. Payment to the awarded Bidder for the remaining mileage will be made in equal monthly installments over a period of twelve months with the first payment to be made within sixty (60) days of the termination of the Contract. Such tires may be purchased where they are and as they are, without warranties or representations of any kind. Any unused tires, unused retreads, and any un-mounted used tires in inventory shall be removed by the awarded Bidder at no cost to the County. The awarded Bidder, at the termination of this Contract, shall remove all of its personal property with the exception of that property, which the County has agreed to purchase, within thirty (30) calendar days. Any personal property of the awarded Bidder which is not removed in accordance with this Section will be removed by the County and stored in an outside storage container at the Bidder’s expense. Failure on the part of the awarded Bidder to reclaim its personal property within thirty (30) days from the date of termination shall constitute a gratuitous transfer of title to the County for whatever disposition is deemed to be in the best interests of the County. If the awarded Bidder has any property in its possession belonging to the County, the awarded Bidder will account for the same, and dispose of it in the manner the County directs.
Sample 1
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