Alterations and Renovations. Borrower Parties shall obtain Lender’s prior written consent (such consent not to be unreasonably withheld) to any alterations or renovations to any of the Improvements; provided, however, that Lender’s consent shall not be required in connection with any alterations or renovations that (i) are contemplated in connection with any Restoration, (ii) are permitted to be made by any Tenant under its Lease without the consent or approval of any Borrower Party, or (iii) will not have a material adverse effect on the financial condition of any Borrower Party, the value of the affected Property or the Net Operating Income of the affected Property, provided further that such alterations permitted under subsection (iii) do not adversely affect any structural component of any Improvements relating to the affected Property, any utility or HVAC system contained in any Improvements relating to the affected Property, or the exterior of any building constituting a part of any Improvements of the affected Property, and the aggregate cost thereof does not exceed the lesser of either: (A) ten percent (10%) of the Allocated Loan Amount of the affected Property, or (B) One Million Dollars ($1,000,000.00). In connection with any request for approval relating to any alterations or renovations to any of the Improvements, provided no Event of Default exists, Lender shall notify Borrower whether Lender has approved any such request within ten (10) Business Days following Lender’s receipt of all information reasonably requested by Lender to review any such request. If Lender does not so notify Borrower within ten (10) Business Days following Lender’s receipt of all such information and if no Event of Default exists, Lender’s approval of such request shall be deemed granted.
Alterations and Renovations. After completing the Work, if Developer wishes to make alterations or renovations thereof:
Alterations and Renovations. Section 3.14
Alterations and Renovations. After completing the Work, SAMP may make alterations or renovations as it deems necessary, desirable or appropriate after obtaining any Governmental Approvals necessary for such alterations or renovations; provided, that, SAMP shall not undertake any material alteration or renovation that would expand the footprint of the Lessee Improvements or increase the height of any buildings comprising the Lessee Improvements without the City's written approval.
Alterations and Renovations. (a) The Lessee shall be allowed to carry out any alterations or renovations within the said premises but without in any way altering or damaging the main/shell structure of the said premises. The Lessee shall need to take prior written approval from Lessor through a written notice prior to commencement of any alteration works and if necessary Lessor reserves the right to ask for and review the renovation plan/ drawings before providing consent.
(b) All the work shall be done at the cost of lessee complying and strictly following the safety procedure, measurement and fit-out guidelines laid down by the Lessor. If it is noticed at any stage that lessee is not complied the safety procedure, measurement and guidelines laid down by the Lessor, a penalty shall be imposed on the Lessee as deemed fit by the Lessor.
(c) The Lessee shall be responsible for the costs of removing debris from the premises and shall be responsible for all damage to the common areas of the complex like flooring, lift cars etc during the process of alteration. Any special cleaning or drain clearance necessary as a result of the alteration works and any other costs incurred by Lessor including any extra security costs, which are caused by, or in connection with, the works shall also be charged to the Lessee’s account. The Lessee shall have to bear the cost of the damage plus service charges. However before incurring any such costs the Lessee shall be briefed on the requirements by Lessee.
Alterations and Renovations. Borrower shall obtain Lender’s prior written consent (such consent not to be unreasonably withheld if no Event of Default exists) to any alterations or renovations to any of the Improvements; provided, however, that Lender’s consent shall not be required in connection with any alterations or renovations that (i) are contemplated in connection with any Restoration in accordance with the provisions of this Agreement, and (ii) will not have a material adverse effect on the financial condition of Borrower, the value of the Property or the Net Operating Income, provided further that such alterations permitted under subsection (ii) do not adversely affect any structural component of any Improvements, any utility or HVAC system contained in any Improvements, or the exterior of any building constituting a part of any Improvements, and the aggregate cost thereof does not exceed Two Hundred Fifty Thousand Dollars ($250,000.00).
Alterations and Renovations. The LICENSEE will be allowed to carry out any alterations or renovations within the said premises but without in any way altering or damaging the main/shell structure of the said premises. The LICENSEE will need to take prior written approval from DMRC through a written notice prior to commencement of any alteration works and if necessary DMRC reserves the right to ask for and review the renovation plan/drawings before providing consent. The LICENSEE will be responsible for the costs of removing debris from the premises and will be responsible for all damage to the common areas of the complex like flooring, lift cars etc during the process of alteration. Any special cleaning or drain clearance necessary as a result of the alteration works and any other costs incurred by DMRC including any extra security costs, which are caused by, or in connection with, the works will also be to the LICENSEE s account. The occupant will have to bear the cost of the damage plus service charges. However before incurring any such costs the occupants will be briefed on the requirements by DMRC.
Alterations and Renovations. Borrower agrees that, without the prior written consent of Lender, Borrower will not remove or expand any improvements on the Premises, erect any new improvements or make any material alterations in any improvements which will alter the basic structure, adversely affect the market value or change the existing architectural character of the Premises. Borrower agrees that buildings, structures and improvements now or hereafter constructed on or in the Premises or repairs made to the Premises shall be completed in a good and workmanlike manner, in accordance with all applicable governmental laws, regulations, requirements and permits. Borrower agrees not to acquiesce in any rezoning classification, modification or restriction affecting the Premises without the written consent of Lender.
Alterations and Renovations. (a) The definition of “Material Alteration” is hereby deleted in full and replaced by the following:
Alterations and Renovations. Section 9.01. The location, size, design, color and other physical aspects of the Lessee identification sign shall be subject to the Lessor's written approval prior to installation, which shall not be unreasonably withheld, any appropriate municipal or other governmental approvals. The cost of the sign, its installation, maintenance and removal expense shall be Lessee's sole expense. If Lessee fails to maintain its sign, or, if Lessee fails to remove its sign upon termination of this Lease, Lessor may do so at Lessee's expense and Lessee's reimbursement to Lessor for Such amounts shall be deemed additional rent.
