Purchasing of Assets Sample Clauses

Purchasing of Assets. The Recipient must not use the Funds towards the purchase of Assets unless the Asset is identified in the Project Budget or the Recipient has obtained the prior written approval of the Department, which may be subject to any conditions the Department may, in its absolute discretion, impose. An item which is not an Asset but is purchased by the Recipient using the Funds must only be purchased if the Recipient can show that the item is to be used in undertaking the Project.
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Purchasing of Assets. The Organisation must not use Funds towards the purchase of Assets unless:
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Purchasing of Assets. The Service Provider must obtain prior written approval from the Secretary to use any portion of the Funds to: purchase real estate; or purchase any asset greater than $50,000 in value; or purchase any asset which will not be used solely for delivery of the Services pursuant to this Agreement. Use of Assets The Service Provider must not use Assets for any purpose other than the performance of the Services unless it has obtained the prior written approval of the Crown which will not be unreasonably withheld. Obligations in Relation to Assets The Service Provider must: not Dispose of any Asset of without the prior written approval of the Crown. In the event of an approved disposal and unless the sale proceeds are to be used in the acquisition of a replacement Asset to be used in delivery of the Services, the Service Provider must pay to the Crown the amount representing the Crown’s equity in the item disposed of. This clause does not apply to any Asset necessary for the delivery of Services which is disposed of and replaced by an Asset of similar utility and of similar value maintain all Assets in good working order; be fully responsible for, and bear all risks arising in relation to, the use or Disposal of any Asset; maintain a register of all Assets, recording the date of purchase or lease, the purchase or lease price, Asset description, Asset location, the proportion of the Funds used to create or acquire the Asset, the then current depreciated value of the Asset in the accounts of the Service Provider and (where approved under Clause 4.3(a)) details of Disposal of the Asset, including the date of Disposal, the sale price and the purchaser; and as and when requested, provide copies of the register of Assets to the Crown.
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Purchasing of Assets. (a) The Recipient must not use the Funds towards the purchase of Assets unless the Asset is identified in the Annual Progress Report and the Recipient has obtained the prior written approval of the Department, which is subject to any conditions the Department may, in its absolute discretion, impose.
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Related to Purchasing of Assets

  • Purchase of Assets 11 3.1 Assets Purchased by Assuming Institution 11

  • Sale of Assets The Company or the Bank sells to a third party all or substantially all of its assets.

  • Disposition of Assets To sell, exchange, lend, pledge, mortgage, hypothecate, write options on and lease any or all of the assets of the Trust;

  • Liquidation of Assets We have the right to liquidate assets in your Xxxx XXX if necessary to make distributions or to pay fees, expenses, taxes, penalties, or surrender charges properly chargeable against your Xxxx XXX. If you fail to direct us as to which assets to liquidate, we will decide, in our complete and sole discretion, and you agree to not hold us liable for any adverse consequences that result from our decision.

  • Distribution of Assets In case the Company shall declare or make any distribution of its assets (including cash) to holders of Common Stock as a partial liquidating dividend, by way of return of capital or otherwise, then, after the date of record for determining shareholders entitled to such distribution, but prior to the date of distribution, the holder of this Warrant shall be entitled upon exercise of this Warrant for the purchase of any or all of the shares of Common Stock subject hereto, to receive the amount of such assets which would have been payable to the holder had such holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to such distribution.

  • REVERSION OF ASSETS (a) Upon expiration of the term of this Agreement, or upon any prior termination, Subrecipient shall transfer to City any funds provided hereunder which are on hand at the time of expiration or termination.

  • Purchase and Sale of Assets (a) Upon and subject to the terms and conditions of this Agreement, the Buyer shall purchase from the Seller, and the Seller shall sell, transfer, convey, assign and deliver to the Buyer, at the Closing, for the consideration specified below in this Article I, all right, title and interest in, to and under the Acquired Assets.

  • Transfer of Assets Sell, transfer, lease, or otherwise dispose of any of its assets, except in the ordinary course of business.

  • Disposal of Assets 88) Where the Academy Trust acquires assets for a nil consideration or at an under value it shall be treated for the purpose of this Agreement as having incurred expenditure equal to the market value of those assets at the time that they were acquired. This provision shall not apply to assets transferred to the Academy Trust at nil or nominal consideration and which were previously used for the purposes of an Academy and/or were transferred from an LA, the value of which assets shall be disregarded.

  • TREATMENT OF ASSETS Title to all property furnished by COMMERCE shall remain in COMMERCE. Title to all property furnished by the Contractor, for the cost of which the Contractor is entitled to be reimbursed as a direct item of cost under this contract, shall pass to and vest in COMMERCE upon delivery of such property by the Contractor. Title to other property, the cost of which is reimbursable to the Contractor under this contract, shall pass to and vest in COMMERCE upon (i) issuance for use of such property in the performance of this contract, or (ii) commencement of use of such property in the performance of this contract, or (iii) reimbursement of the cost thereof by COMMERCE in whole or in part, whichever first occurs.

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