TREATMENT OF ASSETS a. Title to all property furnished by DCYF shall remain in DCYF. 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 DCYF 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 DCYF 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 DCYF in whole or in part, whichever first occurs.
b. Any property of DCYF furnished to the Contractor shall, unless otherwise provided herein or approved by DCYF, be used only for the performance of this Contract.
c. The Contractor shall be responsible for any loss or damage to property of DCYF which results from the negligence of the Contractor or which results from the failure on the part of the Contractor to maintain and administer that property in accordance with sound management practices.
d. If any property of DCYF is lost, destroyed or damaged, the Contractor shall immediately notify DCYF and shall take all reasonable steps to protect the property from further damage.
e. The Contractor shall surrender to DCYF all property of DCYF prior to settlement upon completion, termination or cancellation of this contract.
f. All reference to the Contractor under this clause shall also include Contractor's employees, agents or Subcontractors.
TREATMENT OF ASSETS. Title to all property furnished by the City shall remain in the name of the City and the City shall become the owner of the work product and other documents, if any, prepared by the Service Provider pursuant to this Agreement (contingent on City’s performance hereunder).
TREATMENT OF ASSETS. Title to all property furnished by the AGENCY shall remain in the AGENCY. 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 the AGENCY 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 the AGENCY 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 the AGENCY in whole or in part, whichever first occurs.
TREATMENT OF ASSETS. A. Title to all property financed or furnished by the District shall remain in the District. Title to all property purchased by the contractor, for which the contractor is entitled to be reimbursed as a direct item of cost under this contract, shall pass to and vest in the District upon delivery of such property to the contractor. Title to other property, the cost of which is reimbursable to the contractor under the contract, shall pass to and vest in the District 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 the District in whole or in part, whichever first occurs.
B. Any property of the District furnished to the contractor shall, unless otherwise provided herein or approved by the District, be used only for the performance of this contract.
C. The contractor shall be responsible for any loss or damage to property of the District that results from the negligence of the contractor or that results from the failure on the part of the contractor to maintain and administer that property in accordance with sound management practices.
D. If any District property is lost, destroyed or damaged, the contractor shall notify the District and shall take all reasonable steps to protect the property from further damage.
E. The contractor shall surrender to the District all property of the District prior to settlement upon completion, termination or cancellation of this agreement.
F. All reference to the contractor under this clause shall include contractor’s employees, agents or subcontractors.
TREATMENT OF ASSETS. A. Title to all property furnished by OSOS shall remain in OSOS. Title to all property furnished by Contractor, for the cost of which Contractor is entitled to be reimbursed as a direct item of cost under the Contract, shall pass to and vest in OSOS upon delivery of such property by Contractor. Title to other property, the cost of which is reimbursable to Contractor under the Contract, shall pass to and vest in OSOS upon (i) issuance for use of such property in the performance of the Contract, or (ii) commencement of use of such property in the performance of the Contract, or (iii) reimbursement of the cost thereof by OSOS in whole or in part, whichever first occurs.
B. Any property of OSOS furnished to Contractor shall, unless otherwise provided herein or approved by OSOS, be used only for the performance of the Contract.
C. Contractor shall be responsible for any loss or damage to property of OSOS which results from the negligence of Contractor or which results from the failure on the part of Contractor to maintain and administer that property in accordance with sound management practices.
D. If any of OSOS property is lost, destroyed or damaged, Contractor shall immediately notify OSOS and shall take all reasonable steps to protect the property from further damage.
E. Contractor shall surrender to OSOS all property of OSOS prior to settlement upon completion, termination or cancellation of the Contract.
F. All reference to Contractor under this Section 31 shall also include Contractor's employees, agents or Subcontractors.
TREATMENT OF ASSETS. 1. Title to all property furnished by the Purchasing Entity shall remain with the Purchasing Entity, as appropriate. Title to all property furnished by the Contractor, the cost for which the Contractor is entitled to be reimbursed as a direct item of cost under this Master Agreement, shall pass to and vest in the Purchasing Entity upon delivery of such property by the Contractor and acceptance by the Purchasing Entity. Title to other property, the cost of which is reimbursable to the Contractor under this Master Agreement, shall pass to and vest in the Purchasing Entity upon (i) issuance for use of such property in the performance of this Master Agreement, or (ii) commencement of use of such property in the performance of this Master Agreement, or (iii) reimbursement of the cost thereof by the Purchasing Entity in whole or in part, whichever first occurs.
2. Any property of the Purchasing Entity furnished to the Contractor shall, unless otherwise provided herein or approved by the Purchasing Entity, be used only for the performance of this Master Agreement.
3. The Contractor shall be responsible for damages as a result of any loss or damage to property of the Purchaser which results from the negligence of the Contractor or which results from the failure on the part of the Contractor to maintain, administer and protect that property in a reasonable manner and to the extent practicable in all instances.
4. If any Purchasing Entity property is lost, destroyed, or damaged, the Contractor shall immediately notify the Purchasing Entity and shall take all reasonable steps to protect the property from further damage.
5. The Contractor shall surrender to the Purchasing Entity all property of the Purchasing Entity prior to settlement upon completion, termination, or cancellation of this Master Agreement.
6. All references to the Contractor under this clause shall also include Contractor's employees, agents and Subcontractors.
TREATMENT OF ASSETS a. Title to all property furnished by the AGENCY shall remain in the AGENCY. 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 the AGENCY 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 the AGENCY 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 the AGENCY in whole or in part, whichever first occurs.
b. Any property of the AGENCY furnished to the CONTRACTOR shall, unless otherwise provided herein or approved by the AGENCY, be used only for the performance of this contract.
c. The CONTRACTOR shall be responsible for any loss or damage to property of the AGENCY that results from the negligence of the CONTRACTOR or which results from the failure on the part of the CONTRACTOR to maintain and administer that property in accordance with sound management practices.
d. If any AGENCY property is lost, destroyed or damaged, the CONTRACTOR shall immediately notify the AGENCY and shall take all reasonable steps to protect the property from further damage.
e. The CONTRACTOR shall surrender to the AGENCY all property of the AGENCY prior to settlement upon completion, termination or cancellation of this contract
f. All reference to the CONTRACTOR under this clause shall also include CONTRACTOR'S employees, agents or SUBCONTRACTORS.
TREATMENT OF ASSETS. The Contractor shall take the following actions to secure the financial interest of the County in items purchased with funds awarded under this Contract.
TREATMENT OF ASSETS. The Contractor shall take the following actions to secure the financial interest of the County in items purchased with funds awarded under this Contract. The Contractor shall name the County as lien holder on certificates of title for motor vehicles. A non-expendable personal property inventory report shall also be submitted to the County as requested. The County’s interest in property purchased under this contract and prior contracts from the same funding source is automatically transferred forward to the next contract year at the close of this contract period. The Contractor shall maintain records, perform inventories and maintain control systems to prevent loss, damage or theft of equipment, materials and supplies. A Contractor which is a nonprofit organization shall keep property records in accordance with OMB Circular A-110, Uniform Administrative Requirements for Grants and Agreements with Nonprofit Agencies for all purchases funded by this contract. In the event of loss, destruction or damage to any property purchased under this contract, the Contractor shall notify the County and shall take all reasonable steps to protect that property from further damage. Unless otherwise directed by the County, the Contractor shall surrender to the County all property purchased under this contract prior to settlement upon completion, termination or cancellation of this contract. The Contractor shall include these requirements in any subcontracts.
TREATMENT OF ASSETS. In addition to the Treatment of Client Assets requirements contained in the Basic Terms and Conditions Agreement:
A. Title to all property furnished by the County shall remain with the County. Title to all property furnished by the Agency, for the cost of which the Agency is entitled to be reimbursed as a direct item of cost under this Contract, shall pass to and vest in the County upon delivery of such property by the Agency. Title to other property, the cost of which is reimbursable to the Agency under this Contract, shall pass to and vest in the County upon the following:
1. Issuance for use of such property in the performance of this Contract;
2. Commencement of use of such property in the performance of this contract; or
3. Reimbursement of the cost thereof by the County in whole or in part, whichever first occurs;
B. Any property of the County furnished to the Agency shall, unless otherwise provided herein or approved by the County, be used only for the performance of this Contract;
C. The Agency shall be responsible for any loss or damage to property of the County that results from the negligence of the Agency or that results from the failure on the part of the Agency to maintain and administer that property in accordance with sound management practices;
D. If any the County property is lost, destroyed, or damaged, the Agency shall immediately notify the County and shall take all reasonable steps to protect the property from further damage;
E. The Agency shall surrender to the County all property of the County prior to settlement upon completion, termination, or cancellation of this Contract; and
F. All reference to the Agency under this clause shall also include the Agency’s employees or agents.
