Purchased Equipment. 1. Any asset with an acquisition cost in excess of $5,000 must be capitalized. PROVIDER shall make requests for any exceptions to this policy in writing to the Fiscal and Management Services Administrator for COUNTY. These requests shall be made prior to the purchase of any such asset.
2. If COUNTY approves an exception under sub. (1), above, and any assets are expensed to COUNTY, said assets shall become the property of COUNTY upon termination or non-renewal of this or any extension or future Agreement.
3. Any item capitalized on PROVIDER's books and depreciated to COUNTY shall remain the property of PROVIDER.
4. PROVIDER agrees to maintain records that clearly identify all items expensed or depreciated to COUNTY and shall provide those records to COUNTY upon request. Where the records are unclear, it shall be assumed that COUNTY is the owner of the property upon termination or non-renewal of the Agreement.
Purchased Equipment. Any equipment purchased under this contract remains the property of the Contractor for the period this contract and future continuing contracts for the provision of the same services. Contractor must submit vendor invoice with reimbursement request. For the purpose of this contract, equipment is defined as any tangible, durable property having a useful life of at least (1) year and acquisition cost of $1000.00 or more. The contractor has the responsibility to submit to the Contract Monitor an inventory list of LDH equipment items when acquired under the contract and any additions to the listing as they occur. Contractor will submit an updated, complete inventory list on a quarterly basis to the Contract Monitor. Contractor agrees that upon termination of contracted services, the equipment purchased under this contract reverts to the Department. Contractor agrees to deliver any such equipment to the Department within 30 days of termination of services.
Purchased Equipment. Contractor shall report the actual amount invoiced (less any taxes) for all Equipment sold under the reporting period (calendar quarter). In addition, the Contractor shall report an additional amount equal to the invoice amount and identified as “Life Cycle Service and Supplies,” or an actual amount and identified as “Usage Based Service and Supplies,” providing the customer elects to enter into a Maintenance Agreement. Thus, in the Contractor’s Detailed Sales Report, for each item sold, there will be two-line items: one for the piece of Equipment, and one for the Life Cycle or Usage Based Service and Supplies. The amount reflected for the Life Cycle Service and Supplies must be equal to the amount of the Equipment.
Purchased Equipment. 41.1. Where the Contract Price allows for the purchase of equipment for use in the Project, the Service Provider shall take all practicable steps to purchase the equipment at a fair and reasonable price. All equipment so purchased will become the property of the Authority. The Authority will consider the disposal of such equipment at the end of the Contract and the proceeds of any sale will belong to the Authority.
Purchased Equipment. Client shall pay all fees, charges, expenses, and amounts due for the Purchased Equipment upon execution of the Acknowledgement.
Purchased Equipment. The following terms apply only to Equipment Customer purchases from Kronos:
Purchased Equipment. You will be deemed the owner of purchased Equipment (“Purchased Equipment”), and bear all risk of loss of, theft of, casualty to or damage to the Purchased Equipment, from the time it is received by you until the time (if any) when it is returned by you pursuant to this Agreement and has been received by us. If Purchased Equipment is inoperable, please contact us at Residential Customer Service (Consumer/Residential accounts), Small Business Customer Service (Small Business accounts), or Enterprise Class Customer Service (Large Business & Government accounts). If CenturyLink deems Purchased Equipment has a manufacturing defect, the Limited Warranty (set forth in the “Warranty” section below) will apply if it has not expired. If Purchased Equipment fails as a result of a manufacturing defect after the Limited Warranty has expired or fails for any other reason you may request that we deliver replacement Purchased Equipment. Any such replacement Purchased Equipment will be charged to you at our then-current rates, plus shipping and handling and any applicable Taxes. Replacement Purchased Equipment may or may not be the same model.
Purchased Equipment. If we sell to you a facility or any item of equipment (purchased equipment) either for use in the provision of the services to you or otherwise, then:
(a) that purchased equipment remains our property until we receive full payment from you or we otherwise deem in our sole discretion that title has passed to you (prior to the receipt of full payment);
(b) until we receive full payment from you, you will not part with possession of the purchased equipment except to us;
(c) if you do part with the purchased equipment before making full payment to us, we may recover the value of it as a debt due, including offsetting the value of the purchased equipment against any monies owed to you by us;
(d) until full payment of the purchased equipment is received, you indemnify us against any loss or damage to it, unless that loss or damage arises from fair wear and tear; and
(e) until we receive full payment for the purchased equipment, you must not remove or obscure any identification marks on it, and must comply with our reasonable instructions to protect our ownership and not do anything which might detrimentally affect our ownership of the purchased equipment.
Purchased Equipment. You will be deemed the owner of any purchased equipment, and bear all risk of loss of, theft of, casualty to or damage to the purchased equipment.
Purchased Equipment. 11.1. Sangoma may sell to the Customer certain devices, including, but not limited to phones, routers, switches, and modems, etc. (“Purchased Equipment”) for Customer’s use in conjunction with the Services. Full payment for Purchased Devices shall be due at the time of purchase. Purchased Equipment shall be listed on a Sales Order. Ownership of, and title to, the Purchased Equipment shall transfer from Sangoma to Customer at the time of sale. The Customer will own and bear all risk of loss, theft, or damage.
11.2. Sangoma makes no warranty as to the Purchased Equipment which is third party equipment, any such warranties are provided directly by the manufacturer. Any warranties on Purchased Equipment which are Sangoma products are provided under the terms and conditions of Sangoma’s Warranty, Return, and Shipping Policy. Sangoma may provide assistance with repair or replacement of Purchased Equipment, in some instances, at possibly at an additional charge and, if the equipment is Sangoma equipment, subject to Sangoma’s Warranty, Return, and Shipping Policy. Sangoma equipment must be used in accordance with the Sangoma equipment EULAs, copies of which are located at xxx.xxxxxxx.xxx/xxxxx the terms of which are incorporated herein by reference. Sangoma may also offer certain types of support pursuant to certain service plans if Customer elects to pay for and receive this additional support service, subject to Customer’s acceptance of Sangoma’s support terms, available on xxx.xxxxxxx.xxx/xxxxx .
11.3. Customer may elect to use it’s own equipment instead of purchasing equipment direct from Sangoma. Sangoma shall not be responsible in any way for the compatibility, interoperability, or fitness for use of any Customer-supplied equipment.
