Modification of the Project. 1. With the exceptions stipulated in paragraph 3 of this article, any modifications of the Project shall be subject to the Financial Mechanism Committee’s prior written approval. Before submitting the proposed modifications, the Focal Point shall approve them and confirm that they are necessary and/or suitable for the effectiveness of the Project.
Modification of the Project. 1. With the exceptions stipulated in paragraph 3 of this article, any modifications of the Project shall be subject to the NMFA’s prior written approval. Before submitting the proposed modifications, the Focal Point shall approve them and confirm that they are necessary and/or suitable for the effectiveness of the Project.
Modification of the Project. The County shall have the privilege of remodeling the Project or making substitutions, additions, modifications and improvements thereto, at its own cost and expense, and the same shall be subject to this Lease, the Master Resolution and the Security Documents, and shall also be included under the terms hereof and thereof; provided, however, that such remodeling, substitutions, additions, modifications and improvements shall not in any way damage the Project or cause it to be used for purposes other than those authorized under the provisions of this Lease, and the Constitution and laws of the State; and provided, however, that the Project, as remodeled, improved or altered upon completion of such remodeling, substitutions, additions, modifications and improvements made pursuant to this Article IX shall be of a fair rental value not less than the fair rental value of the Project immediately prior to the remodeling or the making of substitutions, additions, modifications and improvements. The County shall not permit any mechanic’s or other lien to be established or remain against the Project for labor or materials furnished in connection with any remodeling, substitutions, additions, modifications, improvements, repairs, renewals or replacements so made by the County; provided, however, that if the County shall first notify the Authority of the intention of the County so to do, the County may in good faith contest any mechanic’s or other lien filed or established against the Project, 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 the Authority shall notify the County that, in the opinion of Independent Counsel, by nonpayment of any such items the security afforded pursuant to the terms hereof and pursuant to the Master Resolution and the Security Documents will be materially endangered or the Project or any part thereof will be subject to loss or forfeiture, in which event the County shall promptly pay and cause to be satisfied and discharged all such unpaid items. The Authority will cooperate fully with the County in any such contest, upon the request and at the expense of the County. Any property for which a substitution or replacement is made pursuant to this Section 9.2 may be disposed of by the County in any manner and in the sole discretion of the County.
Modification of the Project. The Customer shall be solely responsible for any changes to the Project. The Customer is entitled to change the non-material issues of the Project at any time prior to the acceptance of the Project Offer. The Customer is entitled to modify the provisions of the Project that are considered material until the finalization of the Project by the Project Manager specified in the second paragraph of section 9 of this GTC. Between the finalization of the Project and the acceptance of the Project Offer, the Customer is not entitled to modify the provisions of the Project that are considered material. The Customer is entitled, after accepting the Project Offer, to modify the provisions of the Project deemed material and non-material in accordance with the provisions of the contract regarding the realization of the Project. Under the present GTC the following provision of the Project is deemed material:
Modification of the Project. The Borrower may not without the written consent of the Authority modify the Project in any way.
