Common use of Modification of Leased Property Clause in Contracts

Modification of Leased Property. The City has the right, at its own expense, to make additions, modifications and improvements to the Leased Property or any portion thereof. All additions, modifications and improvements to the Leased Property will thereafter comprise part of the Leased Property and become subject to the provisions of this Lease. Such additions, modifications and improvements may not in any way damage the Leased Property, or cause the Leased Property to be used for purposes other than those authorized under the provisions of state and federal law; and the Leased Property, upon completion of any additions, modifications and improvements made thereto under this Section, must be of a value which is not substantially less than the value thereof immediately prior to the making of such additions, modifications and improvements. The City will not permit any mechanic’s or other lien to be established or remain against the Leased Property for labor or materials furnished in connection with any remodeling, additions, modifications, improvements, repairs, renewals or replacements made by the City under this Section; except that if any such lien is established and the City first notifies or causes to be notified the Authority of the City’s intention to do so, the City may in good faith contest any lien filed or established against the Leased Property, and in such event may permit the items so contested to remain undischarged and unsatisfied during the period of such contest and any appeal therefrom and shall provide the Authority with full security against any loss or forfeiture which might arise from the nonpayment of any such item, in form satisfactory to the Authority. The Authority will cooperate fully in any such contest, upon the request and at the expense of the City.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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Modification of Leased Property. The City has the right, at its own expense, to make additions, modifications and improvements to the Leased Property or any portion thereof. All additions, modifications and improvements to the Leased Property will thereafter comprise part of the Leased Property and become subject to the provisions of this Lease. Such additions, modifications and improvements may not in any way damage the Leased Property, or cause the Leased Property to be used for purposes other than those authorized under the provisions of state State and federal law; and the Leased Property, upon completion of any additions, modifications and improvements made thereto under this Section, must be of a value which is not substantially less than the value thereof immediately prior to the making of such additions, modifications and improvements. The City will not permit any mechanic’s or other lien to be established or remain against the Leased Property for labor or materials furnished in connection with any remodeling, additions, modifications, improvements, repairs, renewals or replacements made by the City under this Section; except provided that if any such lien is established and the City first notifies or causes to be notified the Authority of the City’s intention to do so, the City may in good faith contest any lien filed or established against the Leased Property, and in such event may permit the items so contested to remain undischarged and unsatisfied during the period of such contest and any appeal therefrom and shall will provide the Authority with full security against any loss or forfeiture which might arise from the nonpayment of any such item, in form satisfactory to the Authority. The Authority will cooperate fully in any such contest, upon the request and at the expense of the City.

Appears in 1 contract

Samples: Lease/Purchase Agreement

Modification of Leased Property. (a) The City District has the right, at its own expense, to make additions, modifications and improvements to the Leased Property or any portion thereof; provided, however, that the District receives the prior written consent of the Assignee with respect to any material additions, modifications or improvements to the Leased Property. All additions, modifications and improvements to the Leased Property will thereafter comprise part of the Leased Property and become subject to the provisions of the Site Lease and this Lease. . (b) Such additions, modifications and improvements may not in any way damage the Leased Property, or cause the Leased Property to be used for purposes other than those authorized under the provisions of state and federal law; and the Leased Property, upon completion of any additions, modifications and improvements made thereto under this Section, must be of a value which is not substantially less than the value thereof immediately prior to the making of such additions, modifications and improvements. The City . (c) Except for Permitted Encumbrances, the District will not permit any mechanic’s or other lien to be established or remain against the Leased Property for labor or materials furnished in connection with any remodeling, additions, modifications, improvements, repairs, renewals or replacements made by the City under District pursuant to this Section; except provided that if any such lien is established and the City District first notifies or causes to be notified the Authority Corporation of the City’s District's intention to do so, the City District may in good faith contest any lien filed or established against the Leased Property, and in such event may permit the items so contested to remain undischarged and unsatisfied during the period of such contest and any appeal therefrom therefrom, and shall provide the Authority Corporation with full security against any loss or forfeiture which might arise from the nonpayment of any such item, in form satisfactory to the AuthorityCorporation. The Authority Corporation will cooperate fully in any such contest, upon the request and at the expense of the CityDistrict.

Appears in 1 contract

Samples: Lease Agreement

Modification of Leased Property. The City has the rightCounty shall, at its own expense, have the right to remodel the Leased Property, or to make additions, modifications and improvements to the Leased Property or any portion thereofthereto. All additions, modifications and improvements to the Leased Property will shall thereafter comprise part of the Leased Property thereof and become be subject to the provisions of this Lease. Such additions, modifications and improvements may shall not in any way damage the Leased Property, or cause the Leased Property to be used for purposes other than those authorized under the provisions of state and federal law; and the Leased Property, upon completion of any additions, modifications and improvements made thereto under pursuant to this Section, must shall be of a value which is not substantially less than the value thereof immediately prior to the making of such additions, modifications and improvements. The City County will not permit any mechanic’s 's or other lien to be established or remain against the Leased Property for labor or materials furnished in connection with any remodeling, additions, modifications, improvements, repairs, renewals or replacements made by the City under County pursuant to this Section; except provided that if any such lien is established and the City County shall first notifies notify or causes cause to be notified the Authority Corporation of the City’s County's intention to do so, the City County may in good faith contest any lien filed or established against the Leased Property, and in such event may permit the items so contested to remain undischarged and unsatisfied during the period of such contest and any appeal therefrom and shall provide the Authority Corporation with full security against any loss or forfeiture which might arise from the nonpayment of any such item, in form satisfactory to the AuthorityCorporation. The Authority Corporation will cooperate fully in any such contest, upon the request and at the expense of the CityCounty.

Appears in 1 contract

Samples: Lease Agreement

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Modification of Leased Property. The City District has the right, at its own expense, to make additions, modifications and improvements to the Leased Property or any portion thereof. All additions, modifications and improvements to the Leased Property will thereafter comprise part of the Leased Property and become subject to the provisions of this Lease. Such additions, modifications and improvements may not in any way damage the Leased Property, or cause the Leased Property to be used for purposes other than those authorized under the provisions of state and federal law; and the Leased Property, upon completion of any additions, modifications and improvements made thereto under this Section, must shall be of a value which is not substantially less than the value thereof immediately prior to the making of such additions, modifications and improvements. The City District will not permit any mechanic’s or other lien to be established or remain against the Leased Property for labor or materials furnished in connection with any remodeling, additions, modifications, improvements, repairs, renewals or replacements made by the City District under this Section; except provided that if any such lien is established and the City District first notifies or causes to be notified the Authority Corporation of the CityDistrict’s intention to do so, the City District may in good faith contest any lien filed or established against the Leased Property, and in such event may permit the items so contested to remain undischarged and unsatisfied during the period of such contest and any appeal therefrom and shall provide the Authority Corporation with full security against any loss or forfeiture which might arise from the nonpayment of any such item, in form satisfactory to the AuthorityCorporation. The Authority Corporation will cooperate fully in any such contest, upon the request and at the expense of the CityDistrict.

Appears in 1 contract

Samples: Lease Agreement

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