Common use of TREATMENT OF ASSETS Clause in Contracts

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.

Appears in 29 contracts

Samples: Goods and Services Contract, Contract for Services, Goods and Services Contract

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TREATMENT OF ASSETS. Title to all property furnished by the AGENCY Agency shall remain in the AGENCYAgency. Title to all property furnished by the CONTRACTORContractor, for the cost of which the CONTRACTOR Contractor is entitled to be reimbursed as a direct item of cost under this contract, shall pass to and vest in the AGENCY Agency upon delivery of such property by the CONTRACTORContractor. Title to other property, the cost of which is reimbursable to the CONTRACTOR Contractor under this contract, shall pass to and vest in the AGENCY 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 Agency in whole or in part, whichever first occurs.

Appears in 6 contracts

Samples: Sole Source Contract for Purchased Services, Consulting Agreement, General Terms and Conditions

TREATMENT OF ASSETS. Title to all property furnished by the AGENCY COMMERCE shall remain in the AGENCYCOMMERCE. Title to all property furnished by the CONTRACTORContractor, for the cost of which the CONTRACTOR Contractor is entitled to be reimbursed as a direct item of cost under this contract, shall pass to and vest in the AGENCY COMMERCE upon delivery of such property by the CONTRACTORContractor. Title to other property, the cost of which is reimbursable to the CONTRACTOR Contractor under this contract, shall pass to and vest in the AGENCY 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 the AGENCY COMMERCE in whole or in part, whichever first occurs.

Appears in 4 contracts

Samples: Interagency Agreement, Interagency Agreement, Interagency Agreement

TREATMENT OF ASSETS. Title to all property furnished by the AGENCY WSAC shall remain in property of the AGENCYWSAC. 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 WSAC 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 WSAC 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 WSAC in whole or in part, whichever first occurs.

Appears in 2 contracts

Samples: Outreach and Communications Support, CCW Directory Maintenance and Enhancements Contract

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 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.or

Appears in 2 contracts

Samples: Sole Source Contract, Consulting Agreement

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

Appears in 1 contract

Samples: Grant Agreement

TREATMENT OF ASSETS. Title to all property furnished by the AGENCY Purchaser shall remain in the AGENCYPurchaser. Title to all property furnished by the CONTRACTORContractor, for the cost of which the CONTRACTOR Contractor is entitled to be reimbursed as a direct item of cost under this contract, shall pass to and vest in the AGENCY Purchaser upon delivery of such property by the CONTRACTORContractor. Title to other property, the cost of which is reimbursable to the CONTRACTOR Contractor under this contract, shall pass to and vest in the AGENCY Purchaser 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 Purchaser in whole or in part, whichever first occurs.

Appears in 1 contract

Samples: General Terms and Conditions

TREATMENT OF ASSETS. Title to all property furnished by the AGENCY Agency shall remain in the AGENCYAgency. Title to all property furnished by the CONTRACTORContractor, for the cost of which the CONTRACTOR Contractor is entitled to be reimbursed as a direct item of cost under this contract, shall pass to and vest in the AGENCY Agency upon delivery of such property by the CONTRACTORContractor. Title to other property, the cost of which is reimbursable to the CONTRACTOR Contractor under this the contract, shall pass to and vest in the AGENCY 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 Agency in whole or in part, whichever first occurs.

Appears in 1 contract

Samples: General Terms and Conditions

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