Examples of Program Property in a sentence
A Party’s purchase or acquisition of Program Property, or a Host City’s retention of any Contractor, shall be governed by the procedural formalities and requirements of the Host City.
The Navigation Center shall be owned by the applicable Host City, together with any Program Property in the custody or possession of a Host City; provided the Navigation Center and Program Property shall be utilized by Host Cities exclusively for purposes consistent with this Agreement.
Regardless of whether a Party holds legal title to any such Program Property, it shall be managed and utilized by the Party in custody and control of the same exclusively for purposes consistent with this Agreement.
The Program Treasurer shall track and keep an accurate list of all Program Property valued at more than Five Thousand Dollars ($5,000) that is acquired with funds contributed by the Parties, including a record of which Party is in custody of such Program Property.