Common use of Consideration for Use Clause in Contracts

Consideration for Use. (1) To the extent provided in a contract entered into under this section for the use of property at an eligible fa- cility that is accountable under the contract, the Secretary may accept consideration for such use that is, in whole or in part, in a form other than— (A) rental payments; or (B) revenue generated at the facility. (2) Forms of consideration acceptable under paragraph (1) for a use of an eligible facility or any property at an eligible facility include the following: (A) The improvement, maintenance, protec- tion, repair, and restoration of the facility, the property, or any property within the boundaries of the installation where the facil- ity is located. (B) Reductions in overhead costs. (C) Reductions in product cost.

Appears in 3 contracts

Sources: Property Management Contracts, Property Management Contracts, Property Management Contracts

Consideration for Use. (1) To the extent provided in a contract entered into under this section for the use of property at an eligible fa- cility that is accountable under the contract, the Secretary may accept consideration for such use that is, in whole or in part, in a form other than— (A) rental payments; or (B) revenue generated at the facility. (2) Forms of consideration acceptable under paragraph (1) for a use of an eligible facility or any property at an eligible facility include the following: (A) The improvement, maintenance, protec- tion, repair, and restoration of the facility, the property, or any property within the boundaries of the installation where the facil- ity is located. (B) Reductions in overhead costs. (C) Reductions in product cost. (D) The demilitarization and storage of con- ventional ammunition.

Appears in 2 contracts

Sources: Property Management Contracts, Property Management Contracts