AUTHORITY ASSETS Clause Samples
The 'Authority Assets' clause defines which assets are owned, controlled, or managed by a particular authority within the context of the agreement. Typically, this clause will specify the types of assets—such as property, equipment, intellectual property, or financial resources—that fall under the authority's purview, and may outline how these assets are to be used, maintained, or transferred. By clearly delineating asset ownership and control, the clause helps prevent disputes over asset rights and responsibilities, ensuring clarity and proper management throughout the contractual relationship.
AUTHORITY ASSETS. 30.1 The Supplier shall, and shall procure its Personnel shall, comply with the requirements of Schedule 12.
30.2 The Supplier shall not delete or remove any proprietary notices contained within or relating to the Authority Materials and Deliverables.
30.3 To the extent that Authority Materials and/or Deliverables are held and/or processed by the Supplier or any of its Personnel on its behalf, the Supplier shall (and shall procure that its Personnel shall):
30.3.1 preserve the integrity and maintain in good order and condition the Authority Materials and Deliverables and shall prevent the corruption, loss or damage of or to Authority Materials and Deliverables including any copy thereof;
30.3.2 promptly return the Authority Materials and Deliverables (and all copies thereof) to the Authority upon its request at no additional cost and in the format and on the media requested by the Authority from time to time (save, in respect of the return of Personal Data, where the Supplier is required to store such Personal Data by Law);
30.3.3 destroy, and procure its Sub-contractors destroy, all Authority Materials and/or Deliverables upon the earlier of:
(a) the expiry of the applicable Retention Period; and
(b) the written request of the Authority, (save, in respect of the destruction of Personal Data, where the Supplier is required to store such Personal Data by Law) and following the destruction of such Authority Materials and/or Deliverables, certify that it has done so (including providing any disposal certificates which may be required under Schedule 12);
30.3.4 without prejudice to any other rights or remedies the Authority may have, permit the Authority and its respective agents to enter upon the Supplier Premises and/or the Accommodation during normal business hours on reasonable notice to remove the Authority Materials and/or Deliverables; and
30.3.5 at the request of the Authority, store such items separately and ensure that they are clearly identifiable as belonging to the Authority.
30.4 Authority Materials shall be deemed to be in good condition when received by or on behalf of the Supplier unless the Supplier notifies the Authority in writing within five (5) Working Days of receipt.
30.5 In the event that through any Default of the Supplier and/or its Personnel, Authority Data is either lost, corrupted, degraded or damaged, the Supplier shall on demand indemnify the Authority and keep it indemnified and hold it harmless from and against all Losses whic...
AUTHORITY ASSETS. Each Buyer has all requisite power and authority to execute, deliver and perform its obligations under this Agreement. Each Buyer has adequate assets to pay the Purchase Price.
AUTHORITY ASSETS. Any assets, goods, or services received or purchased by the Authority shall be owned by the Authority, unless the Board determines otherwise.
AUTHORITY ASSETS any materials, plant or equipment owned or held by the Authority and provided by the Authority for use in providing the Services.
AUTHORITY ASSETS. Upon a Party's withdrawal or removal, the Party shall have no further interest, right, or title in or to any assets or equity of the Authority, unless there is a specific written agreement by all then-Parties to the contrary. If approved by the Board in its sole discretion, and to the extent of available financial assets as determined by the Board in its sole discretion, a withdrawing or removed Party shall be paid for its share, based on its contribution to the acquisition costs, of the depreciated basis of the net capital assets of the Authority. Assets shall be depreciated over normal useful lives as reasonably approved by the Board.
AUTHORITY ASSETS. If termination of this Agreement occurs for whatever reason then all rights, title and interest in the Authority Assets shall automatically revert to the ownership of the Authority.
AUTHORITY ASSETS. On or before the Effective Date the Authority shall provide the Authority Workshop Assets as listed in the Asset Register.
AUTHORITY ASSETS the IT Equipment and any other materials, plant or equipment, other than the Assets, which are owned or held by the Authority at the Commencement Date and which are to be provided to Suffolk Libraries on loan by the Authority for use in the provision of all or any of the Library Services and for any Additional Services and/or other use as may be reasonably required from time to time by Suffolk Libraries, including the Mobile Library Vehicles and those assets listed in Schedule 12. Authority Consents: those approvals, certificates, authorisations, permissions, licences, permits, regulations and consents necessary from time to time for the observance and performance by the Authority of its obligations under this Agreement (including any Third Party Consent). Authority Contracts: those contracts, engagements or orders listed in Schedule 13 entered into by or with the Authority before the Commencement Date in connection with the provision of the Library Services and which remain to be performed in whole or in part at the Commencement Date. Authority Premises: any premises owned or occupied by the Authority from time to time other than any of the Properties.