Common use of Title to Property Clause in Contracts

Title to Property. At the expiration or termination of this Contact for any reason, title to any remaining equipment and supplies purchased with funds under this Contract reverts to System Agency. Title may be transferred to any other party designated by System Agency. The System Agency may, at its option and to the extent allowed by law, transfer the reversionary interest to such property to Grantee.

Appears in 187 contracts

Samples: Health and Human Services, Health and Human Services, Health and Human Services Commission

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Title to Property. At the expiration or termination of this Contact Contract for any reason, title to any remaining equipment and supplies purchased with funds under this Contract reverts to System Agency. Title may be transferred to any other party designated by System Agency. The System Agency may, at its option and to the extent allowed by law, transfer the reversionary interest to such property to Grantee.

Appears in 3 contracts

Samples: contracts.hhs.texas.gov, contracts.hhs.texas.gov, contracts.hhs.texas.gov

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Title to Property. At the expiration or termination of this Contact for any reason, title to any remaining equipment and supplies purchased with funds under this Contract reverts to System Agency. Title may be transferred to any other party designated by System Agency. The System Agency may, at its option and to the extent allowed by law, transfer the reversionary interest to such property to GranteePerforming Agency.

Appears in 1 contract

Samples: Interagency Cooperation Contract Health and Human Services

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