Acquired Equipment definition
Examples of Acquired Equipment in a sentence
This extension of insurance shall be limited to the Newly Acquired Equipment limit shown in the “Declarations Page” or, if no such limit be shown, to a maximum recovery of fifty thousand dollars ($50,000) subject to the deductible shown for that particular type of equipment on the “Declaration Page”, with respect to any one loss or series of losses arising out of the same event.
This clause applies if Premium Adjustment is indicated on the “Declarations Page” The Newly Acquired Equipment clause is deleted and replaced by: This Form also insures additional items of a similar kind to that scheduled in the “Declarations Page” acquired by the Insured during the policy period.
This extension of insurance shall be limited to the Newly Acquired Equipment limit shown in the “Declarations Page” or, if no such limit be shown, to a maximum recovery of fifty thousand dollars ($50,000) with respect to any one loss, or series of losses arising out of the same event.
The Final/Award Closeout form on Acquired Equipment purchased with Federal Funds is due at the end of a Federal Assistance Award.
Legal title to the Acquired Equipment only shall transfer to Customer when the fee for the Acquired Hardware has been paid to Compute North in full.