Common use of Purchased Equipment Clause in Contracts

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.

Appears in 5 contracts

Samples: Contract for the Provision of Services, Contract for the Provision of Services, Contract for the Provision of Services

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