Common use of Inventory of the Assets Clause in Contracts

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 shall agree in advance with the Authority’s Grant Manager 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 acquired or improved at a cost exceeding £10,000 5000 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 5000 authorisation is not required, but the Asset should be recorded on the fixed asset register.

Inventory of the Assets. The Grant Recipient must shall agree in advance with the Authority’s Grant Manager 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 acquired or improved at a cost exceeding £10,000 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.