Common use of Capital Assets Clause in Contracts

Capital Assets. The Recipient is not required to report capital asset expenditures to the Province. However, the Recipient will maintain a separate record of capital asset expenditures for audit purposes in accordance with Article 7.2 of the Agreement.

Appears in 3 contracts

Sources: Transfer Payment Agreement, Transfer Payment Agreement, Transfer Payment Agreement

Capital Assets. The Recipient is not required to report capital asset expenditures to the Province. However, the Recipient will maintain a separate record of capital asset expenditures for audit purposes in accordance with Article 7.2 section A7.3 of the Agreement.

Appears in 1 contract

Sources: Transfer Payment Agreement