Funded Equipment definition
Examples of Funded Equipment in a sentence
Funded Equipment and any and all records relating in any manner to City-Funded Equipment, including, without limitation, maintenance and repair records, and logs describing uses made of City-Funded Equipment.
The Construction Agent shall have provided to the Agent a list, in reasonable detail, of the Funded Equipment.
Funding Recipient shall purchase City- Funded Equipment and services from vendor(s) who, in the reasonable discretion of Funding Recipient, provide the most advantageous combination of price, quality and fitness for the intended purpose provided that, if Funding Recipient selects a vendor who is not the lowest bidder, Funding Recipient shall provide a statement reasonably satisfactory to the City justifying Funding Recipient’s selection.
CONTRACTOR shall be responsible for paying all costs and expenses associated with: securing, managing, and providing Transportation Services; securing, maintaining and operating the DESIGNATED LOCATIONS; providing the Services; and securing, maintaining, replacing and operating the Funded Equipment.
The Budget shall be based upon bids submitted based upon the Preliminary Drawings approved by Tenant and shall include a payment to Landlord of administrative rent (“Administrative Rent”) equal to 3% of the TI Costs (exclusive of the cost of the Funded Equipment) for monitoring and inspecting the construction of the Tenant Improvements and Changes, which sum shall be payable from the TI Fund (as defined in Section 5(d).
Tenant shall not be required nor shall Tenant be permitted to remove any of the Tenant Improvements installed pursuant to the Work Letter (except as provided below with respect to the Funded Equipment).
CONTRACTOR shall maintain Funded Equipment in good operating condition (subject to reasonable wear and tear); and should CONTRACTOR decide to sell any items of Funded Equipment owned by the CONTRACTOR, it shall first offer in writing to sell the same to DECORA at a price calculated in accordance with Section 4.6(a)(i), leaving such offer open for thirty (30) days after notice thereof is received by DECORA.
Equipment Description Total Cost --------------------- ---------- Seller by Invoice No. Amount to be Funded Equipment Location ------ -------------- ------------------- ------------------ -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- EXHIBIT F TO MASTER AGREEMENT COUNTERPART NO.
CONTRACTOR covenants that it shall comply in all material respects with (a) all leases relating to the DESIGNATED LOCATIONS (including the Aurora Lease, any other lease for the Aurora Facility, and any lease for the West Coast Facility), and (b) all leases relating to, and all agreements for the purchase of, any Funded Equipment.
That portion of the Equipment Allowance requested by Tenant shall be added to the TI Fund to be payable as required for Tenant to order such Funded Equipment to be delivered to the Building for incorporation into the Tenant Improvements, and for any remaining payments due upon delivery of the Funded Equipment to the Premises.