Common use of Modification of Property Clause in Contracts

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. The Town City shall, at its own expense, have the right to make additions, modifications and improvements to the Property. All additions, modifications modifica- tions and improvements to the Property shall thereafter comprise part of the Prop- erty Property and be subject to the provisions of this Lease Agreement. Such additions, modifications and improvements improve- ments 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 City shall file with the Trustee and the Authority Agency a Written Certificate of the Town City stating that the Property, upon completion of any additions, modifications and improve- ments improvements made thereto pursuant to this Section 5.2, shall be of a value which is not substantially less than the value of the Property Prop- erty immediately prior to the making of such additions, modi- fications modifications and improvements. The Town City will not permit any mechanic’s or other lien to be established or remain against the Property Prop- erty for labor or materials furnished in connection with any remodeling, additions, modificationsmodifica- tions, improvements, repairs, renewals or replace- ments replacements made by the Town City pursuant to this Section Sec- tion 5.2; provided that if any such lien is estab- lished established and the Town City shall first notify or cause to be notified the Authority Agency of the TownCity’s in- tention intention to do so, the Town City may in good faith contest any lien xxxx filed or established against the Property, and in such event may permit the items so contested con- tested to remain undischarged and unsatisfied during the period of such contest and any appeal ap- peal therefrom and shall provide the Authority Agency with full security against any loss or forfeiture which might arise from the non- payment nonpayment of any such item, in form satisfactory to the AuthorityAgency. The Authority xxxx xxxxxx- ate Agency will cooperate fully in any such contest, upon the request and at the expense of the TownCity.

Modification of Property. The Town City 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 Property 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 City shall file with the Trustee and the Authority a Written Certificate of the Town City stating that the Property, upon completion of any additions, modifications and improve- ments improvements 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 modifications and improvements. The Town 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 remodeling, additions, modifications, improvements, repairs, renewals or replace- ments replacements made by the Town City pursuant to this Section 5.2; provided that if any such lien is estab- lished established and the Town City shall first notify or cause to be notified the Authority of the TownCity’s in- tention intention to do so, the Town 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 Authority with full security against any loss or forfeiture which might arise from the non- payment nonpayment of any such item, in form satisfactory to the Authority. The Authority xxxx xxxxxx- ate will cooperate fully in any such contest, upon the request and at the expense of the TownCity.

Modification of Property. The Town shall, at its own expense, have the right to remodel the Property or 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 Property and be subject to the provisions of this Lease Agreement. Such additions, modifications and improvements shall not in any way damage the Property Property, substantially alter its nature, cause the interest component of Lease Payments to be subject to federal income taxes 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 improvements 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 modifications 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 replacements made by the Town pursuant to this Section 5.2; provided that if any such lien is estab- lished established and the Town shall first notify or cause to be notified the Authority of the Town’s in- tention intention 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 nonpayment of any such item, in form satisfactory to the Authority. The Authority xxxx xxxxxx- ate will cooperate fully in any such contest, upon the request and at the expense of the Town.