Common use of Permitted Alterations Clause in Contracts

Permitted Alterations. Permitted Alterations means any one of the following: [i] Alterations approved by Landlord; [ii] Alterations required under §7.2; [iii] Alterations having a total cost of less than $150,000.00; provided, however, that any change in the number or configuration of units in a Facility shall require Landlord’s prior approval; or [iv] repairs, rebuilding and restoration required or undertaken pursuant to §9.4. Permitted Alterations do not include alterations for which Contingent Payments are made under Article 22 and for which separate approvals are given and requirements imposed pursuant to Article 22 or a Disbursing Agreement.