Capital Asset Control Sample Clauses

Capital Asset Control. In each Contract Year, the Operator shall conduct an audit of the Capital Improvements made in the prior Contract Year to measure the accuracy of the plant records, maps and maintenance databases concerning capital assets, which shall be made available to the District within a reasonable amount of time after the audit is conducted. From time to time, the Operator shall conduct a physical inventory of all capital assets. After first notifying the District, vehicles and equipment may be purchased or leased in the name of District and title to purchased vehicles and equipment may be issued in the District’s name at the request of the Operator. In the event vehicles or other equipment are acquired in the name of the District, the Operator shall forward all title documents to the District within thirty (30) days after they are received by the Operator.
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Capital Asset Control. In each Contract Year, the Service Provider shall conduct an audit of the Capital Improvements made in the prior Contract Year. Such audit shall measure the accuracy of the plant records, maps and maintenance databases concerning capital assets. Also, from time to time, the Service Provider shall conduct a physical inventory of all capital assets. All vehicles and equipment shall be purchased or leased in the name of LIPA and title to purchased vehicles and equipment shall be issued in LIPA’s name. As vehicles or other equipment are acquired for LIPA, the Service Provider shall forward all title documents to LIPA within thirty (30) days after they are received by the Service Provider.
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Capital Asset Control. Within 90 days after the Closing Date, Authority and the Manager shall complete an inventory of all T&D System assets constituting "Capital Assets as such term shall be defined in accordance with directions of the Authority. Annually, no later than 60 days after the end of each Contract Year, the Manager shall provide to the Authority a list of all additions and retirements of Capital Assets from the perpetual records set forth in subsection 4.17 hereof, with such detail as requested by the Authority for maintenance of these records. Within 90 days after the sixth anniversary of the Closing Date, the Manager shall assist the Authority in completing a physical inventory of all Capital Assets. The Manager shall not dispose of, scrap, trade or sell any individual Capital Asset having an original cost of $100,000 or more without the Authority's prior written approval. To the extent directed by the Authority, all vehicles and equipment shall be purchased in the name of the Authority and title shall be so issued. As vehicles or other equipment are acquired by the Manager for the Authority, the Manager shall forward all titles to the Authority within 30 days after such acquisitions.
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Capital Asset Control. In each Contract Year, Operator shall conduct a review of the Capital Improvements made in the prior Contract Year. Such review shall measure the accuracy of the plant records, maps and maintenance databases concerning capital assets. Operator shall also conduct a physical inventory of all capital assets from time to time in accordance with the Contract Standards. Operator shall provide the results of each such review to Owner and Administrator promptly following the completion of such reviews.
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Capital Asset Control. In each Contract Year, the Manager shall conduct an audit of the Capital Improvements made in the prior Contract Year. Such audit shall measure the accuracy of the plant records, maps and maintenance databases concerning Capital Assets. Also, from time to time, the Manager shall assist LIPA in completing a physical inventory of all Capital Assets. To the extent directed by LIPA, all vehicles and equipment shall be purchased or leased in the name of LIPA. Title to purchased vehicles and equipment shall be issued in LIPA's name. As vehicles or other equipment are acquired by LIPA, the Manager shall forward all titles to LIPA within thirty (30) days after such acquisitions.
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Related to Capital Asset Control

  • INCOME FROM IMMOVABLE PROPERTY 1. Income derived by a resident of a Contracting State from immovable property (including income from agriculture or forestry) situated in the other Contracting State may be taxed in that other State. 2. The term "immovable property" shall have the meaning which it has under the law of the Contracting State in which the property in question is situated. The term shall in any case include property accessory to immovable property, livestock and equipment used in agriculture and forestry, rights to which the provisions of general law respecting landed property apply, usufruct of immovable property and rights to variable or fixed payments as consideration for the working of, or the right to work, mineral deposits, sources and other natural resources; ships, boats and aircraft shall not be regarded as immovable property. 3. The provisions of paragraph 1 shall apply to income derived from the direct use, letting, or use in any other form of immovable property. 4. The provisions of paragraphs 1 and 3 shall also apply to the income from immovable property of an enterprise and to income from immovable property used for the performance of independent personal services.

  • Office Equipment The Client must not install any cabling, IT or telecom connections without the Provider’s consent, which the Provider may refuse at its absolute discretion.

  • Sale and Lease-Back Transactions Enter into any arrangement, directly or indirectly, with any person whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred unless (a) the sale of such property is permitted by Section 6.05 and (b) any Capital Lease Obligations, Synthetic Lease Obligations or Liens arising in connection therewith are permitted by Sections 6.01 and 6.02, as the case may be.