Modifications of Lease. Tenant shall execute, acknowledge and deliver to Landlord, within ten (10) business days after receipt of request by Landlord, an instrument amending this Lease in such respects as reasonably may be required by any Lender or prospective Lender, provided that such amendment does not significantly increase Tenant’s obligations or diminish Tenant’s rights or remedies hereunder, or in any other manner impose additional Rent obligations on Tenant.
Modifications of Lease a) A copy of any new lease, lease amendment(s), additions or deletions from this Lease or the park rules shall be furnished to Resident at least thirty (30) days prior to the effective date of the new or amended lease or rule. Resident shall be deemed to have accepted the new or amended lease or rule unless Resident has objected to Park Owner in writing by the effective date.
Modifications of Lease. Section 15.1(b) of the Lease is hereby deleted in its entirety and is of no further force and effect.
Modifications of Lease. No modifications of this Lease shall be binding unless in writing, signed by the RESIDENT and by an authorized agent of LANDLORD, and countersigned by an officer of LANDLORD.
Modifications of Lease. If any lender requires, as a condition to its lending funds, the repayment of which is to be secured by a mortgage or trust deed on the Land and Building or either, that certain modifications will not require Tenant to pay any additional amounts or otherwise, change materially the rights or obligations of Tenant hereunder, Tenant shall, upon Landlord’s request execute appropriate instruments effecting such modification.
Modifications of Lease. No modifications of this Lease shall be binding unless in writing, signed by the TENANT and by an authorized agent of LANDLORD, and countersigned by an officer of LANDLORD.
Modifications of Lease. Paragraph 28 of the Lease is amended to read: “No modification to the terms of this Agreement shall be enforceable, unless approved by Lessee and the City and set forth in a written addendum or amendment of this Lease signed by authorized representatives of the Parties. The City Manager may approve amendments to this Lease on behalf of the City that do not change the term, rent, other provisions relating to rent or the payment of money or the provision of water to TPGG, the description of the leased premises or otherwise alter the purpose of the lease. All other amendments must be approved by the City Council. Upon the written request of Lessee, the Parties shall meet and negotiate in good faith amendments to this agreement that Lessee believes are warranted by changed circumstances. The City Manager or his/her designee shall meet with authorized representatives of Lessee within fifteen days of the date notice is given pursuant to this paragraph and shall continue to negotiate in good faith until agreement is reached or until either party declares that further negotiations would be unlikely to result in agreement. Neither party is required to reach agreement as a result of good faith negotiations.” WHEREFORE, this Addendum 3 to the Municipal Golf Course Lease is made and entered on the Effective Date. CITY OF UKIAH XXXXXX PARK GOLF GROUP, INC. By: By: ATTEST: It’s President ATTEST: Xxxxxxxx Xxxxxx, City Clerk Corporate Secretary ¯ DRAFT ADDENDUM 3 EXHIBIT 1 REVENUE MAKE UP UNTIL GOLF COURCE NORMALCY DATE IS DETERMINED BY CITY Attachment #2 FY 2017 Adjustment Month Ending Revenue (1) Factor Adjusted FY 1017 Revenue Business Interruption Period Revenue Make Up Payment Required if A is Greater than B Business Interruption Period Month/ Year A B A Minus B July 31, 2016 9 4,900 115% 109,135 August 31, 2016 82,593 115% 94,982 September 30,2016 8 8,994 115% 102,343 October 31,2016 5 8,723 115% 67,531 November 30,2016 3 9,981 115% 45,978 December 31, 2016 3 3,617 115% 38,660 January 31, 2017 3 1,616 115% 36,358 February 28,2017 1 5,265 115% 17,555 March 31, 2017 5 3,647 115% 61,694 April 30, 2017 5 7,874 115% 66,555 May 31, 2017 8 3,200 115% 95,680 June 30, 2017 91,153 115% 104,826 Fiscal Year Total 731,563 115% 841,297 (1) Verified by Agreed Upon Procedures Test # 4 Attachment #3 Exhibit G (Restated and Amended) RENT AS A PERCENTAGE OF GROSS REVENUE AND GOLF COURSE SUPPORT FEE Definitions
Modifications of Lease. That the COMMUNITY has made no promises or representations except those contained in this agreement, and, except as otherwise provided herein or as provided in Minnesota Statutes Section 327C, this Lease may only be changed by 60 days written notice pursuant to Minnesota Statutes Section 327C, or in writing, signed and acknowledged by both parties.
Modifications of Lease. No modifications of this lease shall be binding unless in writing, signed by the Residents and Landlord.
Modifications of Lease. Subject to Tenant’s rights of termination pursuant to this Lease, Tenant shall not cancel, surrender, or materially modify or amend this Lease in the absence of a default by Landlord without the prior written consent of the Landlord Mortgagee.
