Improvement Addendum definition

Improvement Addendum means the Addendum Addendum to this Center Agreement which lists the outstanding obligations of the Center which must be met to ensure the continuation of this Agreement under Article H of this Agreement.
Sample 1Sample 2
Improvement Addendum means the Addendum to this Dealer Agreement that lists the outstanding obligations of the Dealer that must be met to ensure the continuation of this Agreement under Paragraph 4 of this Agreement.
Sample 1
Improvement Addendum means the Addendum Addendum to this Center Agreement which lists the outstanding obligations of the Center which must be met to ensure the continuation of this Agreement under Article H of this Agreement. Net Purchase Price (u) "Net Purchase Price" shall mean the actual price at which Center purchased the certain BMW Product from BMW NA, which price shall include the addition or deduction of any and all rebates, refunds, credit allowances, discounts, and other payments or adjustments made by BMW NA relative to such BMW Product. "Net Purchase Price" shall not include payments or adjustments in connection with Center advertising association activities. Original BMW Parts (v) "Original BMW Parts" shall mean (i) any genuine parts, accessories, and equipment for BMW Vehicles manufactured by or on behalf of and/or sold by BMW and/or BMW NA and/or bearing the authorized trademarks of BMW, which parts, accessories and equipment usually are described as "Original" in packaging; and (ii) any equipment designed for use in BMW Center Operations (including special BMW tools) and any non-automotive accessories 8 <PAGE> and other equipment, including aftersales lifestyle, and gift items bearing the trademarks of BMW, which are supplied to Center by or on behalf of BMW NA. Primary Market Area (w) "Primary Market Area" shall mean the area designated by BMW NA in which the Center is expected to focus its activities under this Center Agreement. Evaluation of the Center's performance shall be primarily based upon the Center's activities in its Primary Market Area. Sports Activity Vehicles (x) "Sports Activity Vehicles", "Sports Activity Vehicle", "SAVs", or "SAV shall mean BMW light trucks, which are not BMW Vehicles under this Agreement. United States (y) "United States" shall mean the 00 Xxxxxx Xxxxxx, the District of Columbia, and the Commonwealth of Puerto Rico. 9 <PAGE> PARAGRAPH 2 - BASIC OBLIGATIONS OF BMW NA Supply of BMW
Sample 1

Examples of Improvement Addendum in a sentence

  • Dealer understands that BMW NA may, at its sole option, reject the plan or require issuance or modification of an Improvement Addendum in the event the plan is approved.

  • Without limiting other considerations in determining whether BMW NA will provide consent, this Agreement may not be transferred, assigned or assumed until all indebtedness of Dealer to BMW NA, its subsidiaries or affiliates has been fully satisfied and unless the transferee, assignee or party assuming this Agreement agrees and commits to fulfill and complete all of the obligations under this Agreement and the Improvement Addendum (if applicable).

  • The Company Accounts will include a Capital Improvement Account, as further described and governed by the terms set forth in Section 2 of the Permitted Capital Improvement Addendum attached hereto as Annex V (and references in the Transaction Documents to this Section 12.13 will be deemed to include such Section 2 of the Permitted Capital Improvement Addendum).

  • Capital Contributions by the Members in connection with the funding of the Capital Contribution Account on the Closing Date are as set forth in Section 2(b) of the Permitted Capital Improvement Addendum attached hereto as Annex V (and references in the Transaction Documents to this Section 5.3 will be deemed to include such Section 2(b) of the Permitted Capital Improvement Addendum).

  • If, upon evaluation of Retailers performance pursuant to Sections II.E, IV.F, V.B or VI.E herein, MBUSA concludes that Retailer has failed to perform adequately its marketing and sales, service or client satisfaction responsibilities or to provide adequate Mercedes-Benz Center facilities, MBUSA shall issue to Retailer a Retailer Improvement Addendum notifying it of such failure(s).

  • Landlord shall not be required to perform under this Improvement Addendum during the existence of any default under the Lease.Exhibit I ESTOPPEL CERTIFICATE FORM TENANT ESTOPPEL LETTER Minnesota Life Insurance Company c/o Securian Asset Management, Inc.

  • Landlord has designated Stephen Goodman of Downtown Development Group LLC as its sole representative with respect to the matters set forth in this Improvement Addendum, who, until further notice to Tenant, shall have full authority and responsibility to act on behalf of the Landlord as required in this Improvement Addendum.

  • However, neither the right herein granted to Landlord to make such inspections, nor the making of such inspections by Landlord, shall operate as a waiver of any rights of Landlord to require good and workmanlike performance of all Tenant Installations in accordance with the requirements of this Improvement Addendum.

  • Tenant has designated Toni Weiner, Project Manager, Multnomah County Facilities & Property Management Division as its sole representative with respect to the matters set forth in this Improvement Addendum, who shall have full authority and responsibility to act on behalf of the Tenant as required in this Improvement Addendum, until further written notice to Landlord.

  • If, upon evaluation of Dealer's performance pursuant to Sections II.E, IV.F, V.B or VI.E herein, MBUSA concludes that Dealer has failed to perform adequately its marketing and sales, service or customer satisfaction responsibilities or to provide adequate dealership facilities, MBUSA shall issue to Dealer a Dealer Improvement Addendum notifying it of such failure(s).


More Definitions of Improvement Addendum

Improvement Addendum means the Addendum to this Dealer Agreement that lists the outstanding obligations of the Dealer that must be met to ensure the continuation of this Agreement under Paragraph 4 of this Agreement. MINI Car Dealers (k) “MINI Car Dealers”, “MINI Dealers”, “Car Dealers”, or “Dealers” shall mean all of the authorized MINI dealers that are signatories to a Dealer Agreement for MINI passenger cars with the MINI Division of BMW NA or an Affiliated Entity. MINI Car Dealer Agreement (I) “MINI Car Dealer Agreement”, “MINI Passenger Car Dealer Agreement”, “Car Dealer Agreement”, “Passenger Car Dealer Agreement”, “Dealer Agreement”, “Dealer Agreement for Cars”, Dealer Agreement for Passenger Cars, “Dealer Agreement for MINI Passenger Cars”, or “Agreement” shall mean this Dealer Agreement.
Sample 1

Related to Improvement Addendum

  • Improvement Plan means the plan required by the Authority from the Supplier which shall detail how the Supplier will improve the provision of the Goods and/or Services pursuant to Clause 29.1.1 (Authority Remedies);

  • Needs Improvement the Educator’s performance on a standard or overall is below the requirements of a standard or overall, but is not considered to be unsatisfactory at this time. Improvement is necessary and expected. Unsatisfactory: the Educator’s performance on a standard or overall has not significantly improved following a rating of needs improvement, or the Educator’s performance is consistently below the requirements of a standard or overall and is considered inadequate, or both.

  • Tenant Improvement Work means the construction of the Tenant Improvements, together with any related work (including demolition) that is necessary to construct the Tenant Improvements.

  • Work Letter means the work letter between Landlord and Tenant regarding the construction of the Tenant Improvements in the form of Exhibit D attached hereto.

  • Tenant Improvements Defined in Exhibit B, if any.

  • Capital Improvement Project means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, appurtenances to roads and bridges to enhance the safety of animal-drawn vehicles, pedestrians, and bicycles, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities including real property, interests in real property, facilities, and equipment related or incidental to those facilities.

  • improvement notice means the notice issued by the Authority to the Supplier pursuant to Clause 32.1.3 (Authority Remedies) which will detail how the Supplier shall improve the provision of the Goods and/or Services;

  • Maximum medical improvement means a point in time when any medically

  • Public improvement means projects for construction, reconstruction or major renovation on real property by or for a public agency. “Public Works” shall mean roads, highways, buildings, structures and improvement of all types, the construction, reconstruction, major renovation or painting of which is carried on or contracted for by any public agency to serve the public interest by does not include the reconstruction or renovation of privately owned property which is leased by a public agency.

  • Capital Improvement or "Capital Improvement Project" means the acquisition, construction, reconstruction, improvement, planning and equipping of roads and bridges, wastewater treatment facilities, water supply systems, solid waste disposal facilities, and storm water and sanitary collection, storage and treatment facilities of Local Subdivisions, including real property, interests in real property, and facilities and equipment of Local Subdivisions related or incidental thereto.

  • Home improvement contract means an oral or written

  • Project Improvements means site improvements and facilities that are:

  • this Tenant Work Letter means the relevant portion of Sections 1 through 6 of this Tenant Work Letter.

  • Tenant Improvement Allowance in the maximum amount of $200.00 per rentable square foot in the Premises, which is included in the Base Rent set forth in the Lease; and

  • Development Schedule shall have the meaning set forth in Section 1.1.

  • Statement of Work means the description of activities performed in completing the Project, as specified in the Contract and as may be amended.

  • Home improvement means the remodeling, altering,

  • Infrastructure improvement means permanent infrastructure that is essential for the public health and safety or that:

  • Minimum Improvements means the acquisition of land and construction of a 152-unit market rate residential apartment building, construction of a stormwater pond and related improvements. The Minimum Improvements are more fully depicted in Exhibit B, which is attached hereto and incorporated herein.

  • Substantial improvement means any combination of repairs, reconstruction, rehabilitation, addition, or other improvement of a structure, taking place during any one-year period for which the cost equals or exceeds 50 percent of the market value of the structure before the “start of construction” of the improvement. This term includes structures which have incurred “substantial damage”, regardless of the actual repair work performed. The term does not, however, include either:

  • Work Plan means a plan that describes each individual activity to be conducted to complete eligible activities and the associated costs of each individual activity.

  • Improvements means the buildings, structures, improvements, and alterations now constructed or at any time in the future constructed or placed upon the Land, including any future replacements and additions.

  • Capital Improvements mean the purchase, renovation, rehabilitation, or construction of permanent land, buildings, structures, equipment and furnishings used directly for or in the Project, and any goods or services for the Project that are purchased and capitalized under GAAP, including any organizational costs and research and development costs incurred in Illinois. Capitalized lease costs for land, buildings, structures or equipment shall be included in “Capital Improvements” only if the lease term, including any extensions or options to extend, equals or exceeds the term of this Agreement, and provided that such lease costs are valued at their present value using the corporate interest rate prevailing at the time the Company filed its Application with the Department.

  • residential premises means a house, building, structure, shelter, or mobile home, or portion thereof, used as a dwelling, home, residence, or living place by 1 or more human beings. “Residential premises” includes an apartment unit, a boardinghouse, a rooming house, a mobile home, a mobile home space, and a single or multiple family dwelling, but does not include a hotel, a motel, motor home, or other tourist accommodation, when used as a temporary accommodation for guests or tourists, or premises used as the principal place of residence of the owner and rented occasionally during temporary absences including vacation or sabbatical leave.

  • Leasehold Improvements means all buildings, structures, improvements and fixtures located on any Leased Real Property which are owned by any Group Company, regardless of whether title to such buildings, structures, improvements or fixtures are subject to reversion to the landlord or other third party upon the expiration or termination of the Lease for such Leased Real Property.

  • Improvement Costs means any additional expenditure on a fixed asset that materially increases the capacity of the asset or materially improves its functioning or represents more than 10% of the initial depreciation base of the asset;