Improvement Ownership Sample Clauses

Improvement Ownership. Until the expiration or sooner termination of this Lease (subject, however, to the rights of the holder of any leasehold Mortgagee(s) to obtain a new lease as set forth in Section 16 hereof), title to any building or buildings or improvements situate or erected on the demised premises and the building equipment and other items installed thereon and any alterations, changes or additions thereto shall remain solely in Tenant; and Tenant alone shall be entitled to deduct all depreciation on Tenant's income tax returns for any such building or buildings, building equipment and/or other items, improvements, additions, changes or alterations.
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Improvement Ownership. 8 6.06 Disposition at Lease Termination.................................8 ARTICLE VII....................................................................8
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Improvement Ownership. The parties acknowledge and agree that after the expiration, cancellation, nonrenewal or termination of this Amended and Restated Lease, the CITY and OCWUT shall own the improvements to the Amended Leased Property, free and clear of any lien, encumbrance or claim. Further, the parties acknowledge and agree that during the terms of this Amended and Restated Lease, Lessee may remove and replace certain improvements to the Amended Leased Property. However, the parties agree that Lessee shall not sell, dispose of or destroy any improvements to the Amended Leased Property to thwart or significantly impact or affect the right of the CITY or OCWUT to the improvements, excluding reasonable wear and tear, after the termination, expiration, cancellation or non-renewal of this Amended and Restated Lease. Except that Lessee shall be permitted to remove personal property. However, if this Amended and Restated Lease Agreement is cancelled or terminated prior to the expiration of the Initial Term by OCWUT for no cause, OCWUT shall pay to the Lessee the straight line depreciation of all capital improvements constructed on the Amended Leased Property by the Lessee during the Initial Term. The straight line method calculates depreciation by spreading the cost of the improvement, evenly from the date the improvement was placed into service, over the remaining term of the Amended and Restated Lease Agreement. The required variables for calculating depreciation are the cost and the remaining term of the Amended and Restated Lease Agreement (SL=Cost/Remaining Term). Lessee shall provide all the necessary documentation as required by OCWUT to support the capital improvement costs and subsequent verification of values by OCWUT or its agent. Section 6.01 Performance
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Improvement Ownership. It is understood that until payment of the full Purchase Price the Improvements either under construction or completed, and all materials and supplies stored or installed on the Property, remain the property of Seller. Seller has the right to substitute materials and appliances of substantially equal quality, pattern and design if it is unable to timely obtain the exact materials indicated on the Plans and Specifications through Seller’s ordinary and usual sources. It is also understood that dimensions may vary somewhat according to field conditions.
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Related to Improvement Ownership

  • Equipment Ownership The ownership of all equipment provided by the Contractor shall remain with the Contractor, and equipment shall be maintained by the Contractor in accordance with manufacturer recommendations and all Federal (including OSHA), New York State and local codes. The Contractor shall provide and maintain the collection equipment at the Authorized User’s facility(s) for use twenty-four hours per day, seven days per week, 365 days per year. If equipment is removed for longer than brief periods for emptying the container, it shall be replaced with equal type and capacity equipment to ensure continuous dumping ability. If not so provided, the Authorized User shall be provided with a rebate for the amount of time they were unable to dump and the Authorized User may seek "Remedies for Breach" as stated in Appendix B. If the equipment is owned by the Authorized User, the Authorized User assumes liability and costs associated with the equipment and a price reduction may be passed along to the Authorized User representing the difference in cost, if any, for the Contractor not having to provide the equipment.

  • School Improvement 1. The Board and the Association agree that employee participation in decision making is effective in providing positive results for education. 2. The provisions contained in this section shall apply to all school improvement plans, programs or processes set forth by school improvement committees established in the Xxxxxxx-Xxxxxx School District as a result of Section 1277 of the Revised School Code. 3. It is understood that participation on school improvement committees is voluntary. Further, employees who participate, or are non-participants, in such activities shall not be negatively evaluated for any conduct relative to such committees. 4. In the event that any provision(s) of a school improvement plan, program or process or application thereof violates, contradicts, or is inconsistent with this Collective Bargaining Agreement, the Collective Bargaining Agreement shall prevail.

  • Improvement Any alteration to the land or other physical construction located on or off the Property that is associated with this subdivision/PUD and building site developments.

  • Improvement Plan A detailed, written plan collaboratively developed between the teacher and evaluator, utilized when a teacher receives an Evaluation Rating of ineffective. The approved form for the Improvement Plan is attached to this agreement as Appendix .

  • Management, Ownership The Company shall not materially change its ownership, executive staff or management without the prior written consent of the Secured Party. The ownership, executive staff and management of the Company are material factors in the Secured Party's willingness to institute and maintain a lending relationship with the Company.

  • Improvements The buildings, structures, fixtures, additions, enlargements, extensions, modifications, repairs, replacements and improvements now or hereafter erected or located on the Land (collectively, the “Improvements”);

  • Improvement Plans A professional improvement plan is a clearly articulated assistance program for a teacher whose student growth measure dimension of the evaluation is below the expected level of student growth. For the purposes of this agreement, improvement plans shall be based on the individual student growth measure level, and not for overall subjects or classes taught.

  • Joint Ownership 10 Annuitant............................................................... 10

  • Initial Improvements Subtenant may, at its option and subject to the provisions of the Prime Lease, including, without limitation, Article 8 thereof, complete certain initial improvements to prepare the Demised Premises for Subtenant’s occupancy thereof as described in the Work Letter Agreement attached hereto and made a part hereof as Exhibit B (the “Initial Improvements”), at Subtenant’s sole cost and expense without any contribution or improvement allowance from Sublandlord described in the Work Letter Agreement attached hereto and made a part hereof as Exhibit B); provided, however, Subtenant shall not make or permit anyone to make any Initial Improvements without the prior written consent of Sublandlord, which shall not be unreasonably withheld or delayed, and of Prime Landlord in accordance with the Prime Lease. In connection with the foregoing, Subtenant shall submit to Sublandlord, for prior written approval by Sublandlord, which shall not be unreasonably withheld or delayed, and Prime Landlord, complete plans and specifications for any and all Initial Improvements; including, without limitation, schematic designs and work drawings. Any and all costs and expenses associated with the acquisition of cabling, equipment, furniture, security systems, or other personal property for Subtenant or the Demised Premises or the installation or placement of any of the foregoing within the Demised Premises or with the project management for the performance of the Initial Improvements (collectively, “Subtenant’s Personal Property and Services”), shall be paid for by and be the sole responsibility of Subtenant. Sublandlord acknowledges and agrees that Subtenant shall not be required to remove any Initial Improvements upon the expiration or earlier termination of this Sublease unless the removal is required by Prime Landlord or Sublandlord is otherwise obligated to pay Prime Landlord the costs of any removal of any Initial Improvements pursuant to Section 8(e) of the Prime Lease.

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected.

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