Common use of Sale of Surplus Equipment Clause in Contracts

Sale of Surplus Equipment. The County agrees to sell a used/surplus Body Armor Vest front plate serial # 10190109938 and back plate serial # 10190109824 (hereinafter “the equipment”) AS IS with no warranties of any kind to the District for the sum of $100.00 made payable to “Williamson County” and paid pursuant the Texas Prompt Payment Act (referenced below): Payment for goods and services shall be governed by Chapter 2251 of the Texas Government Code. An invoice shall be deemed overdue the 31st day after the later of (1) the date The District receives the goods under the contract; (2) the date the performance of the service under the contract is completed; or (3) the date the District receives an invoice for the goods or services [in this case may be in the form of an e-mail]. Interest charges for any overdue payments shall be paid to The County in accordance with Texas Government Code Section 2251.025. More specifically, the rate of interest that shall accrue on a late payment is the rate in effect on September 1 of The County’s fiscal year in which the payment becomes due. The said rate in effect on September 1 shall be equal to the sum of one percent (1%); and (2) the prime rate published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday. It is understood and agreed that District shall be responsible for pick up and transportation costs to receive the equipment.

Sale of Surplus Equipment. The County agrees to sell a used/surplus Body Armor Vest front plate serial # 10190109938 and back plate serial # 10190109824 (hereinafter “the equipment”) AS IS with no warranties of any kind to the District for the sum of $100.00 made payable to “Williamson Xxxxxxxxxx County” and paid pursuant the Texas Prompt Payment Act (referenced below): Payment for goods and services shall be governed by Chapter 2251 of the Texas Government Code. An invoice shall be deemed overdue the 31st day after the later of (1) the date The District receives the goods under the contract; (2) the date the performance of the service under the contract is completed; or (3) the date the District receives an invoice for the goods or services [in this case may be in the form of an e-mail]. Interest charges for any overdue payments shall be paid to The County in accordance with Texas Government Code Section 2251.025. More specifically, the rate of interest that shall accrue on a late payment is the rate in effect on September 1 of The County’s fiscal year in which the payment becomes due. The said rate in effect on September 1 shall be equal to the sum of one percent (1%); and (2) the prime rate published in the Wall Street Journal on the first day of July of the preceding fiscal year that does not fall on a Saturday or Sunday. It is understood and agreed that District shall be responsible for pick up and transportation costs to receive the equipment.