Equipment purchased Sample Clauses

Equipment purchased using Grantor funds shall be made available for inspection during site visits, and upon request of Grantor as part of its grant monitoring and oversight responsibilities.
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Equipment purchased. Upon the terms, and subject to the conditions set forth in this Contract, Seller shall sell, transfer, assign, convey and deliver to Buyer, for the purchase price specified in paragraph 2, below, one (1) SUREBEAM x-ray food cold pasteurization sterilization system (the "System"). The System will conform in all respects to the Final specifications which will be completed and delivered to Buyer and be capable of meeting all USDA, and FDA specifications regarding food irradiation on or before the date established in paragraph 2.1 of this Contract for payment of the first installment payment in accordance with this Contract. Buyer's consent shall not be unreasonably delayed or withheld. Below is a summary of the preliminarily agreed upon System components. The Buyer and the Seller will work together after execution of this agreement and jointly prepare a detail System specifications list:
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Equipment purchased. Upon the terms, and subject to the conditions set forth in this Contract, Seller shall sell, transfer, assign, convey and deliver to Buyer, for the purchase price specified in (1) SUREBEAM x-ray food cold pasteurization sterilization system (the "System"). The System will conform in all respects to the Final specifications which will be completed and delivered to Buyer and be capable of meeting all USDA, and FDA specifications regarding food irradiation on or before the date established in paragraph 2.1 of this Contract for payment of the first installment payment in accordance with this Contract. Buyer's consent shall not be unreasonably delayed or withheld. Preliminary and Final Specifications are hereinafter referred to collectively as "Equipment Specifications" and will be jointly determined by Buyer and Seller: 1. Electron Accelerator System and Controls; 2. All required product conveyors; 3. Equipment assembly; 4. Equipment status and validation; 5. Dosimetry equipment: maintenance training and operating training; 6. All necessary x-ray targets; 7. Control system; 8. All required System software; and 9. All reasonable, customary Systems engineering. Seller shall also sell, transfer, assign, convey and deliver to Buyer all non-proprietary, non-confidential System documentation, including, without limitation, recommended spare parts list, service and maintenance schedules, as-built drawings and schematics, and operations, training, service and/or repair manuals (the "System Documentation").
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Equipment purchased. For all tangible, nonexpendable, personal property having a useful life of more than one year and having an acquisition cost of $500 or more per unit and which is acquired in whole or in part with funds provided under this Agreement, the Grantee must comply with the following requirements for a period of three (3) years, beginning on the acquisition date: A. Maintain records that include the following: i. A description of the property; ii. Manufacturer's serial number or other identification number; iii. Source of the property (Name of Manufacturer, if new, Name and address of seller if used); iv. Identification of the title holder; v. Acquisition date; vi. Cost of the property; and vii. Location of the property; B. A control system shall be developed and implemented to ensure adequate safeguards to prevent loss, damage, improper personal use or theft of the property. Any loss, damage, improper personal use or theft shall be investigated and fully documented and made a part of the official project records. C. Adequate maintenance procedures shall be developed and implemented to keep the property in good condition. D. These requirements are on-going and survive the expiration or termination of this Agreement and will remain in effect until the third (3rd) anniversary of the property’s acquisition date or until the property is properly disposed of in accordance with this Agreement and applicable state and local requirements, whichever date is earlier. E. Personal use of the equipment is not permitted.
Sample 1

Related to Equipment purchased

  • Investment Purpose As of the date hereof, the Buyer is purchasing the Note and the shares of Common Stock issuable upon conversion of or otherwise pursuant to the Note (including, without limitation, such additional shares of Common Stock, if any, as are issuable (i) on account of interest on the Note, (ii) as a result of the events described in Sections 1.3 and 1.4(g) of the Note or (iii) in payment of the Standard Liquidated Damages Amount (as defined in Section 2(f) below) pursuant to this Agreement, such shares of Common Stock being collectively referred to herein as the “Conversion Shares” and, collectively with the Note, the “Securities”) for its own account and not with a present view towards the public sale or distribution thereof, except pursuant to sales registered or exempted from registration under the 1933 Act; provided, however, that by making the representations herein, the Buyer does not agree to hold any of the Securities for any minimum or other specific term and reserves the right to dispose of the Securities at any time in accordance with or pursuant to a registration statement or an exemption under the 1933 Act.