Modification of Property. The Town shall, at its own expense, have the right to make additions, modifications and improvements to the Property. All additions, modifications and improvements to the Property shall thereafter comprise part of the Prop- erty and be subject to the provisions of this Lease Agreement. Such additions, modifications and improvements shall not in any way damage the Property or cause the Property to be used for purposes other than those authorized under the provisions of State and federal law; and the Town shall file with the Trustee and the Authority a Written Certificate of the Town stating that the Property, upon completion of any additions, modifications and improve- ments made thereto pursuant to this Section 5.2, shall be of a value which is not substantially less than the value of the Property immediately prior to the making of such additions, modi- fications and improvements. The Town will not permit any mechanic’s or other lien to be established or remain against the Property for labor or materials furnished in connection with any remodeling, additions, modifications, improvements, repairs, renewals or replace- ments made by the Town pursuant to this Section 5.2; provided that if any such lien is estab- lished and the Town shall first notify or cause to be notified the Authority of the Town’s in- tention to do so, the Town may in good faith contest any lien filed or established against the 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 non- payment of any such item, in form satisfactory to the Authority. The Authority xxxx xxxxxx- ate fully in any such contest, upon the request and at the expense of the Town.
Modification of Property. Filmmaker agrees to seek permission from Grantor before any making modifications or alterations to the Property. Filmmaker shall return the Property to Grantor in the same condition it was in before access was granted. However, Filmmaker shall not be responsible for any ordinary wear and tear associated with the exercise of rights under this agreement nor for any damage that occurs before Filmmaker begins to use the Property.
Modification of Property. FILMMAKER agrees to seek permission from GRANTOR before making any modifications or alterations to the PROPERTY. FILMMAKER shall return the PROPERTY to GRANTOR in the same condition it was in before access was granted. FILMMAKER shall not be responsible for normal wear and tear or any damage that occurs before FILMMAKER begins to use the PROPERTY.
Modification of Property. Neither District shall modify or alter in any way the buildings, grounds, or facilities of the other District without the specific written authorization of the owner District. The using District may, with owner District approval, place on the buildings, grounds, and facilities of the owner District such reasonable and temporary decorations and displays as may be appropriate to such use. All such decorations and displays shall be placed in such a manner that their use shall not result in damage or detriment to the property of the owner District. All such decorations and displays shall be removed promptly after completion of the use for which they were intended.
Modification of Property. Landlord hereby reserves the right, without the consent of Tenant, to modify or alter the Land that is subject to this Lease, to convey any portion of the Land, to execute or to amend an REA with respect to any portion of the Property, or to perform any combination thereof; provided, that any such modification, alteration, conveyance, execution or amendment shall not adversely affect Tenant’s use and enjoyment of the Property as provided for in this Lease, increase Tenant’s obligations or Landlord’s rights, decrease Tenant’s rights or Landlord’s obligations, under this Lease by more than a de minimis extent or increase the value of the assessed value of the tax lot comprising the Property other than to a de minimis extent, and at all times the Property shall be a first-class property in comparison to other Comparable Buildings. This Section 2.2 shall be self-operative and no further instrument of modification of this Lease shall be required to effectuate such a modification, alteration, conveyance, execution or amendment. Notwithstanding the foregoing, Tenant, at its expense, shall execute and deliver promptly any agreement that Landlord may reasonably request in confirmation of any such modification, alteration, conveyance or execution.
Modification of Property. The District has the right, at its own expense, to make additions, modifications and improvements to the Property or any portion thereof. All additions, modifications and improvements to the Property will thereafter comprise part of the Property and become subject to the provisions of this Lease Agreement. Such additions, modifications and improvements may not in any way damage the Property, or cause the Property to be used for purposes other than those authorized under the provisions of state and federal law; and the 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.
Modification of Property. The City shall, at its own expense, have the right to make repairs, replacements, substitutions and modifications to all or any of the parts of the Property. All such work and any part or component used or installed to make a repair or as a replacement, substitution or modification, shall thereafter comprise part of the Property and be subject to the provisions of this Lease. Such work shall not in any way damage the Property or cause it to be used for purposes other than those authorized under the provisions of state and federal law or those contemplated by this Lease; and the Property, upon completion of any such work shall be of a value which is not less than the value of the Property immediately prior to the commencement of such work. Any property for which a replacement or substitution is made pursuant to this Section may be disposed of by the City in such manner and on such terms as are determined by the City. The City will not permit any mechanic's or other lien to be established or remain against the Property for labor or materials furnished in connection with any repair, replacement, substitution, or modification made by the City pursuant to this Section; provided that if any such lien is established and the City shall first notify Lessor of the City's intention to do so, the City may in good faith contest any lien filed or established against the 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 unless Lessor shall notify the City that, in the opinion of Independent Counsel, by non-payment of any such item the interest of Lessor in the Property will be materially endangered or the Property or any part thereof will be subject to loss or forfeiture, in which event the City shall promptly pay and cause to be satisfied and discharged all such unpaid items or provide Lessor with full security against any such loss or forfeiture, in form satisfactory to Lessor. Lessor will cooperate fully with the City in any such contest, upon the request and at the expense of the City.
Modification of Property. Landlord covenants and agrees, upon the request of Tenant, to assist and cooperate with Tenant, at no out-of-pocket cost to Landlord, in connection with the potential acquisition by Tenant from third parties of one or more additional real property interests contiguous to the Property (the “Additional Tracts”). In the event Tenant acquires fee title to one or more of the Additional Tracts, Tenant shall have the right (but not the obligation), on or before the expiration of the second (2nd) Lease Year (as hereinafter defined) and upon thirty (30) days’ notice to Landlord, to convey fee title to such Additional Tracts to Landlord in exchange for fee title to such portion(s) of the Property as Landlord and Tenant may agree, acting in good faith and in a commercially reasonable manner, provided (i) the fair market value of such exchanged lands (valued without regard to the existence of this Lease) are within ten (10%) percent of one another when taken as a whole, and (ii) Landlord shall not be obligated to incur any out-of-pocket costs with respect to the foregoing exchange (including, without limitation, any costs for title insurance, transfer taxes or adjustments for taxes). If Tenant elects to acquire fee title to one or more Additional Tracts and to exchange same for a portion(s) of the Property, the parties shall contemporaneously therewith amend this Lease to include such Additional Tracts as a part of the “Property” described herein and to exclude such exchanged Property from the “Property” described herein.
Modification of Property. Lessee shall seek the approval from the Village before modifying the Property in any way, the approval of which shall be in the sole discretion of the Village. Nothing herein shall be deemed to limit the Village’s right to modify, relocate, close, or maintain the roadways, driveways and/or travel ways to, from, and on the Property, in any way, or at any time, or from time to time after consulting with the Lessee, to protect the health, safety and welfare of Xxxxxxx and the Public. In the event of emergency circumstances or in the event, the Village finds a threat to the public health or safety is involved, this Agreement may be cancelled by the Village verbally, effective immediately, followed by prompt written confirmation.
Modification of Property. The City shall, at its own expense, have the right to make additions, modifications and improvements to the Property. All such additions, modifications and improvements, including those which comprise repairs, replacements, additions or modifications to the Property shall thereafter comprise part of the Property and be subject to the provisions of this Sublease Agreement. Additions, modifications and improvements shall not cause the Property to be used for purposes other than those authorized under the provisions of State and federal law; and such Property, upon completion of any additions, modifications and improvements made thereto pursuant to this Section, shall have a fair rental value which is approximately equal to or greater than the fair rental value of the Property immediately prior to the making of such additions, modifications and improvements. The City shall not permit any mechanic’s or other lien to be established or remain against the Property for labor or materials furnished in connection with any repair or replacements made by the City pursuant to this Section; provided that if any such lien is established and the City shall first notify the Corporation (or cause the Corporation to be notified) of the City’s intention to do so, the City may in good faith contest any lien filed or established against the 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 Corporation with full security against any loss or forfeiture which might arise from the nonpayment of any such item, in form satisfactory to the Corporation. The Corporation shall cooperate fully in any such contest, upon the request and at the expense of the City.
