Examples of Disposal of Assets in a sentence
The formal Contract Agreement, which is enclosed herewith shall be entered into upon expiry of fourteen (14) days from the date hereof but not later than thirty (30) days after expiry of tender validity pursuant to the provisions of the Public Procurement and Disposal of Assets Act, 2015 (or as may be amended from time to time or replaced).Kindly sign, and seal the Contract Agreement.
The Recipient will not, unless in accordance with the terms and conditions set out in Schedule “H” (Disposal of Assets), sell, lease, encumber, or otherwise dispose, directly or indirectly, of any Asset.
When the assets or disposal groups are sold, the gains or losses on the sale are recognized in Gain on Disposal of Assets.
The list of submissions and the amount of submissions received shall remain confidential until the opening, at which time information shall be disclosed in accordance to the Procurement of Goods, Services or Construction and Disposal of Assets By-Law.
This entering into the transaction is considered as a Class 2 disposal of listed company’s assets under the Notification on Acquisition or Disposal of Assets.