Common use of OWNERSHIP OF PERSONAL PROPERTY Clause in Contracts

OWNERSHIP OF PERSONAL PROPERTY. All personal property purchased with compensation provided to CONTRACTOR from COMMISSION under this Contract shall become COMMISSION’s property upon the expiration or termination of this Contract, unless otherwise agreed to by COMMISSION. COMMISSION shall exercise its option to retain items of tangible personal property within the thirty (30) calendar days immediately preceding and following the expiration or termination of this Contract.

OWNERSHIP OF PERSONAL PROPERTY. All personal property purchased with compensation provided to CONTRACTOR from COMMISSION under this Contract shall become COMMISSION’s property upon the expiration or termination of this Contract, unless otherwise agreed to by COMMISSION. COMMISSION shall exercise its option to retain items of tangible personal property within the thirty (30) calendar days immediately preceding and following the expiration or termination of this Contract.

OWNERSHIP OF PERSONAL PROPERTY. All personal property purchased with compensation provided to CONTRACTOR from COMMISSION under this Contract Project shall become COMMISSION’s property upon the expiration or termination of this Contract, unless otherwise agreed to by COMMISSION. COMMISSION shall exercise its option to physically retain items of tangible personal property within the thirty (30) calendar days immediately preceding or following the completion of the project or initiative that is the subject of this Contract or any other subsequent agreement executed by COMMISSION and following CONTRACTOR. The terms of this Section XII shall survive the expiration or termination of this Contract.

OWNERSHIP OF PERSONAL PROPERTY. All If applicable, all personal property purchased with compensation provided to CONTRACTOR from COMMISSION under this Contract shall become COMMISSION’s property upon the expiration or termination of this Contract, unless otherwise agreed to by COMMISSION. COMMISSION shall exercise its option to retain items of tangible personal property within the thirty (30) calendar days immediately preceding and following the expiration or termination of this Contract.