Disposal of Property a) Prior to disposal of any property purchased with funds from this Contract or any predecessor Contract, Subrecipient must obtain approval from CDA for reportable property. Disposition, which includes sale, trade-in, discarding, or transfer to another agency may not occur until approval is received from CDA. Subrecipient shall email to County the electronic version of the Request to Dispose of Property (CDA 248). CDA will then instruct County on disposition of the property, and County will notify Subrecipient. Once approval for disposal has been received from CDA, and the County has reported to CDA the Property Survey Report’s (STD 152) Certification of Disposition, the item(s) shall be removed from Subrecipient’s inventory report.
Disposal of Property. In the event of the expiration of this Lease or other re-entry of the Premises by Landlord as provided in this Lease, any property of Tenant not removed by Tenant upon the expiration of the Term of this Lease, or within forty-eight (48) hours after a termination by reason of Tenant’s default, shall be considered abandoned and Landlord may remove any or all of such property and dispose of the same in any manner or store the same in a public warehouse or elsewhere for the account of, and at the expense and risk of, Tenant. If Tenant shall fail to pay the costs of storing any such property after it has been stored for a period of thirty (30) days or more, Landlord may sell any or all of such property at public or private sale, in such manner and at such places as Landlord, in its sole discretion, may deem proper, without notice to or demand upon Tenant. In the event of such sale, Landlord shall apply the proceeds thereof, first, to the cost and expense of sale, including reasonable attorneys’ fees; second, to the repayment of the cost of removal and storage; third, to the repayment of any other sums which may then or thereafter be due to Landlord from Tenant under any of the terms of this Lease; and fourth, the balance, if any, to Tenant.
Disposal of Property. Each party shall have the right, at all times, to dispose of or encumber any or all of his or her separate property by deed, xxxx of sale, gift, trust, will, mortgage, encumbrance, pledge, lien, or charge, without limitation, merely upon his or her own individual signature or act, without the necessity of any joinder, action, or consent by the other party.
Disposal of Property. Borrower shall not, and shall not permit Webco Tube to, sell, lease, transfer or otherwise dispose of any of the Collateral or any of its other properties, assets and rights to any Person, except for (i) sales of Inventory to customers in the ordinary course of business, (ii) rights of Borrower in and to the services of its employees to Webco Tube pursuant to the terms of the Service Agreement, and (iii) the sale of Equipment in the ordinary course of business at any time when no Default or Event of Default has occurred and is continuing; provided that Borrower and Webco Tube shall not sell Equipment with an aggregate value greater than $250,000 during any period of 12 consecutive months without the consent of the Required Lenders (provided that no Lender shall unreasonably withhold its consent to such a sale). The term "value" as used in this Subsection 8.15 shall mean, as to any item of Equipment, the greater of (a) the proceeds received for such items of Equipment upon disposition (net of taxes and reasonable expenses incurred by Borrower or Webco Tube in connection with such disposition) or (b)(i) if such item is listed on the equipment appraisal delivered to Agent in February, 2004 (the "Appraisal"), the appraised "orderly liquidation value" set forth for such item thereon (net of taxes payable in respect of such "orderly liquidation value" and reasonable expenses incurred by borrower or Webco Tube in connection with such disposition), or (ii) if such item is not listed on the Appraisal, Borrower's or Webco Tube's net book value for such item. Agent does not authorize Borrower or any Subsidiary to take any action in contravention to the foregoing.
Disposal of Property. No Borrower shall sell, assign, lease, transfer or otherwise dispose of any of its properties, assets and rights to any Person except (i) sales of Inventory in the ordinary course of business, and (ii) sales of obsolete Equipment being replaced in the ordinary course of business with other Equipment with a fair market value and orderly liquidation value equal to or greater than the Equipment being replaced.
Disposal of Property. 1. Prior to disposal of any property purchased by the Contractor or the Subcontractor with funds from this Agreement or any predecessor Agreement, the Contractor must obtain approval from CDA for all items with a unit cost of $500 or more. Disposition, which includes sale, trade- in, discarding, or transfer to another agency may not occur until approval is received from CDA. The Contractor shall email to CDA the electronic version of the Request to Dispose of Property (CDA 248). CDA will then instruct the AAA on disposition of the property. Once approval for disposal has been received from CDA, the item(s) shall be removed from the Contractor’s inventory report.
Disposal of Property. 1. Prior to disposal of any property purchased by the Contractor or the subcontractor with funds from this Agreement or any predecessor Agreement, the Contractor must obtain approval from the K/T AAA for all reportable property as defined in Section B of this Article. Disposition, which includes sale, trade-in, discarding, or transfer to another agency may not occur until approval is received from the K/T AAA. The Contractor shall e-mail to the K/T AAA the electronic version of the Request to Dispose of Property (CDA 248). The K/T AAA will then instruct the Contractor on disposition of the property. Once approval for disposal has been received from the K/T AAA, and the K/T AAA has reported to CDA the Property Survey Report’s (STD 152) Certification of Disposition, the item(s) shall be removed from the Contractor’s inventory report.
Disposal of Property. Company shall not, and shall not permit any -------------------- Subsidiary to, sell, lease, transfer, or otherwise dispose of any of its properties, assets, and rights (or agree to sell, lease, transfer, or otherwise dispose of any of its properties, assets, and rights) (including the Collateral) to any party except in the ordinary course of business (including the disposition of obsolete equipment), except for sales of equipment stored at the Xxxxxxx Property and sales not in excess of $100,000, and provided, further, that Newco shall not be entitled unreasonably to withhold consent hereunder.
Disposal of Property. Landlord may dispose of property abandoned by tenant without any liability provided tenant is given notice of abandoned property under 14 M.R.S.A. § 6013.
Disposal of Property. STUDENT acknowledges that if he or she leaves items of personal property on the premises after the Contract has terminated and delivery of possession has occurred, or if an Apartment appears to have been abandoned, STUDENT’s property will be considered abandoned and Heritage Property Management will dispose of it and xxxx STUDENT in accordance with applicable law.
