Material Alteration. 4.9.1 The insured will give to the insurer written notice immediately (but in any event no later than 30 days) after the insured becomes aware of any material alteration to the insured, the risk or any material change in the nature of the business conducted by the insured during the period of insurance. The insurer reserves the right to reject or reduce claims connected with the material alteration or change, until accepted as such by written confirmation from the insurer endorsed to this policy, upon which the insurer may continue the policy on such terms as the insurer may determine.
4.9.2 Any material alteration or change shall not be binding on the insurer or the terms of this policy until accepted as such by written confirmation from the insurer endorsed to this policy.
Material Alteration any alteration affecting structural elements of the Property the cost of which exceeds $250,000; provided, however, that in no event shall (i) any Required Repairs, (ii) any tenant improvement work performed pursuant to any Lease existing on the date hereof or entered into hereafter in accordance with the provisions of this Agreement, or (iii) alterations performed as part of a Restoration, constitute a Material Alteration.
Material Alteration. “Material Alteration” shall mean any addition, deletion or change to the PHI of any subject other than the addition of indexing, coding and other administrative identifiers for the purpose of facilitating the identification or processing of such information.
Material Alteration. This insurance will be voidable if after the commencement of this insurance the risk of damage, bodily injury, personal injury or advertising injury or liability is increased by any act or omission of the insured unless such change of circumstances has been expressly acknowledged and accepted in writing or by electronic medium for and on behalf of the insurer.
Material Alteration any (i) individual alteration affecting (A) structural elements of the Property, (B) a roof of the Property or (C) any building system of the Property, or (ii) non-structural alteration the cost of which exceeds $250,000; provided, however, that in no event shall any of the following constitute a Material Alteration (a) any Required Repairs, (b) any tenant improvement work performed pursuant to any Lease existing on the date hereof or entered into hereafter in accordance with the provisions of this Agreement, or (c) alterations performed as part of a Restoration.
Material Alteration. The Insured shall advise the Company as soon as reasonably practicable in writing of any alteration which materially affects the risk insured. Cover shall be void if the Insured knowingly conceals or misrepresents any material fact or circumstance concerning this Policy or the subject thereof or in the case of any fraud or false swearing by the Insured regarding any matter relating to this Policy or the subject thereof whether before or after a loss. Further if the Insured or Insured Person makes any claim knowing the same to be false or fraudulent as regards amount or otherwise or if the Insured or Insured Person makes any other misrepresentation such claim shall be excluded from coverage under this Policy. The Company also reserves the right to terminate this Policy and all future claims hereunder by the Insured may be forfeited. There can be no assignment of this Policy or any benefit or right under this Policy without the prior written consent of the Company.
Material Alteration. If Executive is subject to a Material Alteration in compensation or assignment, as defined herein, Executive will be eligible to resign by written notice delivered to the Company within 60 days of notification of the Material Alteration and receive severance pay and benefits as described in Section 6(e)(i)-(v), subject to his compliance with Section 7.
(i) A Material Alteration in compensation occurs when Executive’s Base Salary or maximum Annual Bonus opportunity is decreased.
(ii) A Material Alteration in assignment occurs when there is a material reduction in the scope of Executive’s duties and responsibilities; or there is a material reduction in Executive’s authority.
Material Alteration. The Developer shall not, for the duration of the Restriction Period, materially alter the Buildings, which shall include the modification, demolition, subtraction therefrom, reconstruction, and additions to the Buildings or extensions thereof, or change to the materials, design, dimensions or color thereof, if such reconstruction, demolition, subtraction, alteration, addition, extension or change will materially affect in any way the external appearance of the Buildings, or make other changes to the design of the Buildings so as to deviate substantially from the Approved Plans, unless the Developer first submits to the Planning Board a revised concept plan showing the proposed alterations at least forty-five (45) days prior to making such change and the Planning Board approves of such change. If the Planning Board does not approve the proposed material alteration to the Buildings, the Developer shall not make such proposed material alteration. In the event the Developer shall fail to comply with the foregoing requirement, the Town may within thirty (30) days of its discovery thereof, direct in writing that the Developer so modify, reconstruct or remove such portion or portions of the Buildings as were altered, modified, reconstructed, demolished or subtracted from or added to or extended or changed without the prior written approval of the Town, and the Developer shall promptly comply with such a directive at its sole cost and expense. Nothing herein contained shall be construed to prevent the ordinary maintenance, repair or replacement of any exterior feature of the Buildings which does not involve a change in design or material of such exterior feature of the Buildings or otherwise substantially change the outward appearance of the facade of the Buildings, nor to prevent landscaping the Land [and the Private Property – if applicable] with plants, trees or shrubs, nor construed to prevent the meeting of requirements certified by a duly authorized public officer to be necessary for public safety because of an unsafe or dangerous condition or to comply with any Law. This restriction shall be set forth in the Deed.
Material Alteration any (i) individual alteration affecting (A) structural elements of any Individual Property, (B) a roof of any Individual Property (but excluding necessary repairs or maintenance of a roof of any Individual Property) or (C) any building system of any Individual Property (but excluding necessary repairs or maintenance of any building system of any Individual Property), or (ii) non-structural alteration affecting an Individual Property the cost of which exceeds $750,000; provided, however, that in no event shall any of the following constitute a Material Alteration (a) any tenant improvement work performed pursuant to any Lease existing on the date hereof or entered into hereafter in accordance with the provisions of this Agreement, (b) alterations performed as part of a Restoration or (c) the work required to be undertaken to achieve Completion, so long as such work is undertaken in accordance with this Agreement.
Material Alteration any alteration affecting structural elements of the Improvements the cost of which exceeds $500,000; provided, however, that in no event shall (i) any Identified Capital Expense, (ii) any tenant improvement work performed pursuant to any Lease existing on the date hereof or entered into hereafter in accordance with the provisions of this Agreement, or (iii) alterations performed as part of a Restoration, constitute a Material Alteration.
