Common use of Purchasing of Assets Clause in Contracts

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.

Purchasing of Assets. (a) 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. . (b) 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.

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 Annual Progress Report and the Recipient has obtained the prior written approval of the Department, which may be is 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 or its agents, employees or subcontractors using the Funds must only be purchased if the Recipient it can show be shown that the item is to be used in undertaking the ProjectActivity.

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 DepartmentDNP, which may be subject to any conditions the Department DNP 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.