Sale or Disposal of Asset during Term. 9.4.1. If the Recipient Disposes of an Asset during the Term of this Agreement, the greater of the following proportions must, unless the Commonwealth otherwise directs, be accounted for as Funding and used for the Activity:
Appears in 6 contracts
Samples: Deed of Agreement, Deed of Agreement, Funding Agreement
Sale or Disposal of Asset during Term. 9.4.1. If the Recipient Disposes of an Asset during the Term of this Agreement, the greater of the following proportions must, unless the Commonwealth otherwise directs, be accounted for as Funding and used for the Activity:: the proportion of the sale proceeds from the Asset; or the proportion of the Undepreciated value of the Asset, that is equivalent to the proportion of the cost of the Asset that was funded from the Funding.
Appears in 3 contracts
Samples: Deed of Agreement, Deed of Agreement, Deed of Agreement
