Common use of Assets as Collateral Prohibited Clause in Contracts

Assets as Collateral Prohibited. Contractors on a cost reimbursement payment method shall not encumber equipment purchased with Department funds without prior written approval from the Department.

Appears in 3 contracts

Samples: Department of State Health Services Contract, Department of State Health Services Contract, Department of State Health Services

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Assets as Collateral Prohibited. β€Œ Contractors on a cost reimbursement payment method shall not encumber equipment purchased with Department funds without prior written approval from the Department.

Appears in 2 contracts

Samples: Department of State Health Services Contract, Department of State Health Services Contract

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