Laserfiche WebLink
uuuu0tgt I El lvgluPc lu. oDvozwz+'tJDu-+zuD-ozoJ-oouuEU t uAou I <br />- l. ^ l';-rilrrr:'- :-i,:it.rlr: <br />, I rr,.,:'.!/,-!,t..itrrt t 6iiinriiir;i' <br />19. Treatment of Assets <br />Tile to a1 property furnished by COMMERCE shall remain in COMMERCE. Titte to all property <br />furnished by the Crantee, for the cost of which the Grantee is entitled to be reimbursed as a direct item <br />of cost under this Grant, shall pass to and vest in COMMERCE upon delivery of such property by the <br />Grantee. Title to other property, the cost of which is reimbursable to the Grantee under this Grant' shall <br />pass to and vest in COMMERCE upon (i) issuance for use of such property in the performance of this <br />Grant, or (ii) commencement of use <br />'of such property in the performance of this Grant' or (iii) <br />reimbursement of the cost thereof by COMMERCE in whole or in part, whichever first occurs' <br />A. Any propefi of COMMERCE furnished to the Grantee shall, unless otherwise provided herein or <br />approved by COMMERCE, be used only for the performance of this contract, <br />B. The Grantee shall be responsible for any loss or damage to property of COMMERCE that results <br />from the negligence of the Grante" or which results from the failure on the part of the Grantee to <br />maintain and idminister that property in accordance with sound management practices' <br />C. lf any COMMERCE property is lost, destroyed or damaged, the Grantee shall immediately notify <br />coMMERCE and shall take all reasonable steps to protect the property from further damage' <br />D. The Grantee shall surrender to COMMERCE all prope0 of COMMERCE prior to settlement upon <br />completion, termination or cancellation of this contract <br />All reference to the Grantee under this clause shall also include Grantee's employees, agents or <br />Subg rantees/S u bco ntractors. <br />20. Waiver <br />Waiver of any default or breach shall not be deemed to be a waiver of any subsequent default or breach' <br />Any waiver shall not be construed to be a modification of the terms of this Grant unless stated to be <br />such in writing and signed by Authorized Representative of CoMMERCE. <br />Page 15 of 16