Inventory of the Assets Sample Clauses

Inventory of the Assets. 18.1. The Project Deliverer must keep a register of all Assets acquired or improved at a cost exceeding £1,500.00 (one thousand and five hundred pounds) wholly or partly using the Grant or the Funding. 18.2. Assets purchased by the Project Deliverer with Funding must only be used for delivery of the Project Activities. 18.3. For each entry in the register the following particulars must be shown where appropriate: 18.3.1. owner of the Asset; 18.3.2. date of acquisition or improvement of the Asset; 18.3.3. description of the Asset; 18.3.4. cost of the Asset, net of recoverable VAT; 18.3.5. location of the Asset; 18.3.6. serial or identification numbers of the Asset; 18.3.7. date of any Disposal of the Asset; 18.3.8. depreciation/amortisation policy applied to the Asset; 18.3.9. proceeds of any Disposal of the Asset, net of VAT; and 18.3.10. the identity of any person to whom the Asset has been transferred or sold. 18.4. The Lead Authority reserves the right to require the Project Deliverer to maintain the above particulars as set out in paragraph 18.3 for any additional items which the Lead Authority and/or the Secretary of State considers material to the overall Grant.

Inventory of the Assets. The Grant Recipient must agree in advance with the Authority’s Grant Manager any plans to purchase or improve any Fixed Assets at a cumulative cost exceeding £10,000 and must keep a register of all Fixed Assets acquired or improved at a cost exceeding £10,000 wholly or partly using the Grant provided under the Grant Funding Agreement. Where the cost of purchasing or improving the Fixed Assets is less than £10,000 authorisation is not required, but the Asset should be recorded on the fixed asset register.

Inventory of the Assets. The Grant Recipient must keep and maintain a register of all Assets: (i) improved wholly or partly using the Grant; and (ii) purchased using the Grant, provided under the Grant Funding Agreement (“Asset Register”). Where the Grant Recipient wishes to improve any Fixed Assets, other than as set out in Schedule 2, this must be agreed with the Authority in advance and recorded and notified through the UKFSS. The Grant Recipient covenants with the Authority that it will not use any Assets purchased with Grant funding for any purpose other than the Approved Use. During the Useful Economic Life of each Fixed Asset, the Grant Recipient shall not cease to use the Fixed Asset, or any part of the Asset for the Approved Use without the prior written consent of the Authority. If consent is given, it may be subject to any conditions which the Authority may wish to impose. Such conditions may include repayment by the Grant Recipient to the Authority of all or part of the Grant paid to the Grant Recipient under this Grant Funding Agreement. For each entry in the Asset Register the following particulars must be shown where appropriate: date of acquisition or improvement; description of the Asset; cost, net of recoverable VAT; location of the Asset; serial or identification numbers; the title number (if applicable); location of the title deeds (if applicable); date of any Disposal; depreciation/amortisation policy applied; proceeds of any Disposal net of VAT; and the identity of any person to whom the Asset has been transferred or sold. The Authority reserves the right to require the Grant Recipient to maintain the above particulars as set out in conditions 19.5.1-19.5.11 for any additional items which the Authority considers material to the overall Grant. Where the Grant Recipient uses any of the Grant to develop, improve or purchase any Assets, the Grant Recipient must ensure that the Assets are maintained in good condition over the Asset Owning Period. In respect of Property Assets, the Grant Recipient will apply to the Land Registry to register the restriction set out below on the registers of title to the Property Asset and the Grant Recipient shall supply, within 5 Working Days of completion of registration of the application, a copy of the updated registered title to the Property Asset to the Authority and to any other party nominated by the Authority: Disposal of Assets other than Property Assets In respect of any Disposal, the Grant Recipient must not, during the ...

Inventory of the Assets. 17.1 The Grant Recipient shall agree in advance with the TSA any plans to purchase or improve any Fixed Assets at a cumulative cost exceeding five hundred pounds sterling (£500) and must keep a register of all Fixed Assets acquired or improved at a cost exceeding two hundred and fifty pounds sterling (£250), wholly or partly using the Grant provided under the Grant Funding Agreement. Where the cost of purchasing or improving the Fixed Assets is less than five hundred pounds sterling (£500) authorisation is not required. 17.2 Assets purchased with Grant funding must only be used for delivery of the Funded Activities, unless expressly agreed by the TSA. 17.3 For each entry in the register the following particulars must be shown where appropriate: 17.3.1 date of acquisition or improvement; 17.3.2 description of the Asset; 17.3.3 cost, net of recoverable VAT; 17.3.4 location of the Asset; 17.3.5 serial or identification numbers; 17.3.6 location of the title deeds; 17.3.7 date of any Disposal; 17.3.8 depreciation/amortisation policy applied; 17.3.9 proceeds of any Disposal net of VAT; and 17.3.10 the identity of any person to whom the Asset has been transferred or sold. 17.4 The TSA reserves the right to require the Grant Recipient to maintain the above particulars as set out in 17.3.1 - 17.3.10 for any additional items which the TSA considers material to the overall Grant.

Inventory of the Assets. The Grant Recipient shall agree in advance with the Authority any plans to purchase or improve any Fixed Assets at a cumulative cost exceeding £10,000 and must keep a register of all Fixed Assets and Major Assets acquired or improved at a cost exceeding £10,000, wholly or partly using the Grant provided under the Grant Funding Agreement. Where the cost of purchasing or improving the Fixed Assets and Major Assets is less than £10,000 authorisation is not required, but the Asset should be recorded on the fixed asset register. For the avoidance of doubt, IPR developed during the Funding Period is not considered to be an Asset subject to this condition 18. The Grant may be used for the depreciation of any Assets only insofar as they are used for delivery of the Funded Activity and only as set out in Annex 5 of the Grant Funding Agreement. . For each entry in the register the following particulars must be shown where appropriate: date of acquisition or improvement; description of the Asset; cost, net of recoverable VAT; location of the Asset; serial or identification numbers; location of the title deeds; date of any Disposal; depreciation/amortisation policy applied; proceeds of any Disposal net of VAT; and the identity of any person to whom the Asset has been transferred or sold. The Authority reserves the right to require the Grant Recipient to maintain the above particulars as set out in 18.3.1-18.3.10 for any additional items which the Authority considers material to the overall Grant.

Inventory of the Assets. 18.1. Subject to any special conditions in the Grant Offer Letter, the Grantee must agree in advance with the Department any plans to purchase or improve any Fixed Assets at a cumulative cost exceeding £1,000 and must keep a register of all Fixed Assets acquired or improved at an individual cost exceeding £1,000, wholly or partly using the Grant provided under the Grant Funding Agreement. Where the cost of purchasing or improving the Fixed Assets is less than £1,000 authorisation is not required, but the Asset should as appropriate be recorded on the fixed asset register. 18.2. Assets purchased with any Grant Money must only be used for delivery of the Project. 18.3. For each entry in the register the following particulars must be shown where appropriate:

Inventory of the Assets. 17.1. The Grant Recipient shall agree in advance with the Authority any plans to purchase or improve any Fixed Assets at a cumulative cost exceeding £1,000 and must keep a register of all Fixed Assets and/or Major Assets acquired or improved at a cost exceeding £ 1,000, wholly or partly using the Grant provided under the Grant Funding Agreement. Where the cost of purchasing or improving the Fixed Assets and/or Major Assets is less than £ 1,000 authorisation is not required, but the Asset should be recorded on the fixed asset register. 17.2. Assets purchased with Grant funding must only be used for delivery of the Funded Activities. 17.3. For each entry in the register the following particulars must be shown where appropriate:

Inventory of the Assets. The Grant Recipient [shall agree in advance with the Authority any plans to purchase or improve any Fixed Assets at a cumulative cost exceeding £10,000and must keep a register of all Fixed Assets and/or Major Assets acquired or improved at a cost exceeding £250,000, wholly or partly using the Grant provided under the Grant Funding Agreement. Where the cost of purchasing or improving the Fixed Assets and/or Major Assets is less than £10,000 authorisation is not required, but the Asset should be recorded on the fixed asset register. Assets purchased with Grant funding must only be used for delivery of the Funded Activities. For each entry in the register the following particulars must be shown where appropriate: date of acquisition or improvement; description of the Asset; cost, net of recoverable VAT; location of the Asset; serial or identification numbers; location of the title deeds; date of any Disposal; depreciation/amortisation policy applied; proceeds of any Disposal net of VAT; and the identity of any person to whom the Asset has been transferred or sold. The Authority reserves the right to require the Grant Recipient to maintain the above particulars as set out in date of acquisition or improvement;-the identity of any person to whom the Asset has been transferred or sold. for any additional items which the Authority considers material to the overall Grant.

Inventory of the Assets. 18.1. The Grant Recipient shall agree in advance with the Authority any plans to purchase or improve any Fixed Assets at a cumulative cost exceeding £10,000 and must keep a register of all Fixed Assets and Major Assets acquired or improved at a cost exceeding £10,000, wholly or partly using the Grant provided under the Grant Funding Agreement. Where the cost of purchasing or improving the Fixed Assets and Major Assets is less than £10,000 authorisation is not required, but the Asset should be recorded on the fixed asset register. 18.2. For the avoidance of doubt, IPR developed during the Funding Period is not considered to be an Asset subject to this clause 20. 18.3. The Grant may be used for the depreciation of any Assets that are used for delivery of the Funded Activity and only in accordance with Annex 5 of this Grant Funding Agreement. 18.4. For each entry in the register the following particulars must be shown where appropriate: