Common use of Fixed Assets Clause in Contracts

Fixed Assets. Title to all fixed assets purchased with COUNTY funds designated by the COUNTY for that purpose under this Contract shall remain with COUNTY. A “Fixed Asset” is defined hereunder as any equipment costing Five Thousand Dollars ($5,000) or more, with a useful life of more than one year. Such assets shall be maintained and repaired by CONTRACTOR during the term of this Contract. CONTRACTOR shall provide an accounting of such assets at the termination or expiration of this Contract and shall deliver same to COUNTY upon COUNTY’s written request. CONTRACTOR shall have the option upon the expiration or termination of the Contract to acquire such assets at a price to be mutually agreed upon by COUNTY and CONTRACTOR.

Fixed Assets. Title to all fixed assets purchased with COUNTY funds designated by the COUNTY for that purpose under this Contract shall remain with COUNTY. A “Fixed Asset” is defined hereunder as any equipment costing Five Thousand Dollars ($5,000) or more, with a useful life of more than one yeartwo years. Such assets shall be maintained and repaired by CONTRACTOR during the term of this Contract. CONTRACTOR shall provide an accounting of such assets at the termination or expiration of this Contract and shall deliver same to COUNTY upon COUNTY’s ’S written request. CONTRACTOR shall have the option upon the expiration or termination of the Contract to acquire such assets at a price to be mutually agreed upon by COUNTY and CONTRACTOR.

Fixed Assets. Title to all fixed assets purchased with COUNTY funds designated by the COUNTY for that purpose under this Contract Agreement shall remain with COUNTY. A “Fixed Asset” is defined hereunder as any equipment costing Five Thousand Dollars hundred dollars ($5,000500.00) or more, with a useful life of more than one yeartwo (2) years. Such assets shall be maintained and repaired by CONTRACTOR during the term of this ContractAgreement. CONTRACTOR shall provide an accounting of such assets at the termination or expiration of this Contract Agreement and shall deliver same to COUNTY upon COUNTY’s written request. CONTRACTOR shall have the option upon the expiration or termination of the Contract Agreement to acquire such assets at a price to be mutually agreed upon by COUNTY and CONTRACTOR.

Fixed Assets. Title to all fixed assets purchased with COUNTY funds designated by the COUNTY for that purpose under this Contract shall remain with COUNTY. A “Fixed Asset” is defined hereunder as any equipment costing Five Thousand Dollars five thousand dollars ($5,000) or more, with a useful life of more than one year. Such assets shall be maintained and repaired by CONTRACTOR during the term of this Contract. CONTRACTOR shall provide an accounting of such assets at the termination or expiration of this Contract and shall deliver same to COUNTY upon COUNTY’s written request. CONTRACTOR shall have the option upon the expiration or termination of the Contract to acquire such assets at a price to be mutually agreed upon by COUNTY and CONTRACTOR.