Common use of Reports of Alterations Clause in Contracts

Reports of Alterations. On or before March 15 of each calendar year commencing in 1999 and on the date on which the Term shall expire, the Lessee shall furnish the Lessor with a report stating the total cost (as determined in accordance with the Lessee's normal accounting practices) of all Alterations which are Nonseverable and which were not financed pursuant to Section 6.06 hereof and which are not described in clause (i) or (ii) of Section 4(4).03(c) of Revenue Procedure 75-21 as modified by Revenue Procedure 79-48 and which were made during the period from the date of this Lease Agreement to the end of the preceding calendar year in the case of the first such report or during the period from the end of the period covered by the last previous report to one month prior to such report in the case of subsequent reports and briefly describing all such Alterations. Each such report shall be accompanied by an Officer's Certificate stating that no Alteration has been made that would adversely affect the operating capacity, cost efficiency, utility, reliability or value of the Facility or the ability of the Lessee to perform its obligations hereunder.

Appears in 1 contract

Samples: Lease Agreement (Ripe Touch Greenhouses Inc/)

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Reports of Alterations. On or before March 15 of each calendar year commencing in 1999 and on the date on which the Term shall expire, . the Lessee Operator shall furnish the Lessor Owner with a report stating the total cost (as determined in accordance with the LesseeOperator's normal accounting practices) of all Alterations which are Nonseverable Nonservable and which were not financed pursuant to Section 6.06 hereof and which are not described in clause (i) or (ii) of Section 4(4).03(c) of Revenue Procedure 75-21 as modified by Revenue Procedure 79-48 and which were made during during, the period from the date of this Lease Operating Agreement to the end of the preceding calendar year in the case of the first such report or during the period from the end of the period covered by the last previous report to one month prior to such report in the case of subsequent reports and briefly describing all such Alterations. Each such report shall be accompanied by an Officer's Certificate stating that no Alteration has been made that would adversely affect the operating capacity, cost efficiency, utility, reliability or value of the Facility Facility, or the ability of the Lessee Operator to perform its obligations hereunder.

Appears in 1 contract

Samples: Operating Agreement (Ecoscience Corp/De)

Reports of Alterations. On or before March 15 of each calendar year commencing in 1999 and on the date on which the Term shall expire, the Lessee shall furnish the Lessor with a report stating the total cost (as determined in accordance with the Lessee's Lessees normal accounting practices) of all Alterations which are Nonseverable and which were not financed pursuant to Section 6.06 hereof and which are not described in clause (i) or (ii) of Section 4(4).03(c) of Revenue Procedure 75-21 as modified by Revenue Procedure 79-48 and which were made during the period from the date of this Lease Agreement to the end of the preceding calendar year in the case of the first such report or during the period from the end of the period covered by the last previous report to one month prior to such report in the case of subsequent reports and briefly describing all such Alterations. Each such report shall be accompanied by an Officer's Certificate stating that no Alteration has been made that would adversely affect the operating capacity, cost efficiency, utility, reliability or value of the Facility or the ability of the Lessee to perform its obligations hereunder.

Appears in 1 contract

Samples: Lease Agreement (Ecoscience Corp/De)

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Reports of Alterations. On or before March 15 of each calendar year commencing in 1999 1995 and on the date on which the Lease Term shall expire, the Lessee shall furnish the Lessor with a report stating the total cost (as determined in accordance with the Lessee's normal accounting practices) of all Alterations which are Nonseverable and which were not financed pursuant to Section 6.06 6.07 hereof and which are not described in clause (i) or (ii) of Section 4(4).03(c) of Revenue Procedure 75-21 as modified by Revenue Procedure 79-48 and which were made during the period from the date of this Lease Agreement to the end of the preceding calendar year in the case of the first such report or during the period from the end of the period covered by the last previous report to one month prior to such report in the case of subsequent reports and briefly describing all such Alterations. Each such report shall be accompanied by an Officer's Certificate stating that no Alteration has been made that would adversely affect the operating capacity, cost efficiency, utility, reliability or value of the Facility or the ability of the Lessee to perform its obligations hereunder.

Appears in 1 contract

Samples: Lease Agreement (Ecoscience Corp/De)

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