Property Item definition

Property Item means Surplus Property of the Local Contracting Agency which the Local Contracting Agency requests the State to dispose of pursuant to this Agreement.
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Examples of Property Item in a sentence

  • He added that he wanted to move Property, Item G, up as an Action Item.

  • Upon receipt of the notice, the State shall take all actions required to stop marketing efforts in progress for the specified Property Item.

  • As a condition of the removal of the Property Item from the Surplus Property List under this Section, the Local Contracting Agency agrees to pay to the State, within thirty (30) days of receipt of an invoice, the greater of $100 or the sum of the any Service Fee and Marketing Fee incurred by the State in connection with the Property Item.

  • These include proposed changes to:• Description of Property (Item 102); • Management’s Discussion and Analysis (Item 303); • Directors, Executive Officers, Promoters, and Control Persons (Item 401); • Compliance with Section 16(a) of the Exchange Act15 (Item 405); • Outside Front Cover Page of the Prospectus (Item 501(b));16 10110 (Jul.

  • The Local Contracting Agency may, at any time, remove a Property Item from the Surplus Property List by notifying the State in writing.

  • The State’s maximum liability for any damages claimed by the Local Contracting Agency, whether in contract or tort, shall not exceed the Administrative Fee which was charged the Local Contracting Agency for disposal of the Property Item (if the Property Item was disposed of) or the Administrative Fee that would have been charged (in the event that the Property Item was not disposed of) by the State.

  • The Local Contracting Agency agrees that in no event shall the State be liable for any damage or destruction of a Property Item or for any indirect, incidental, special, punitive, or consequential damages, or any loss of profits or revenue, including, but not limited to, delay, interruption of business activities, or lost receipts.

  • The State hereby notifies the Local Contracting Agency that the State does not maintain insurance for the damage to or destruction of any Property Item.

  • The following example illustrates allocation of proceeds from a Portable Property Item sale.

  • If the Local Contracting Agency chooses to specify a Reserve Price, the State may charge a Marketing Fee for any additional expense attributable to the marketing of the Property Item.

Related to Property Item

  • Property Loss Event means any loss of or damage to property of Group or any Subsidiary thereof that results in the receipt by such Person of proceeds of insurance in excess of $2,000,000 or any taking of property of Group or any Subsidiary thereof that results in the receipt by such Person of a compensation payment in respect thereof in excess of $2,000,000.

  • Property Income means cash rents (excluding non-cash straight-line rent) and other cash revenues received by the Borrower or a Guarantor in the ordinary course for any Property, but excluding security deposits and prepaid rent except to the extent applied in satisfaction of tenants’ obligations for rent.

  • Environmental Problem Property A Mortgaged Property or REO Property that is in violation of any environmental law, rule or regulation.

  • Hotel Property means a Property on which there is located an operating hotel.

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