Material Alterations definition

Material Alterations mean any Alterations that (i) would materially enlarge or reduce the size of the applicable Facility, (ii) would tie in or connect with any improvements on property adjacent to the applicable Land, or (iii) would affect the structural components of the applicable Facility or the main electrical, mechanical, plumbing, elevator or ventilating and air conditioning systems for such Facility in any material respect.

Material Alterations means any Permanent Improvement at the Theatre; structural changes; changes to the exterior appearance of the Theatre, including signage referring to the name or branding of the Theatre; changes in permanent floor and wall surfaces; changes in the interior of Theatre structures (excluding changes in exhibits); and changes in major components of electrical, HVAC and other building systems.

Material Alterations means any alteration which: (i) in any way affects the exterior of the Building or is not limited solely to the interior of the Premises; or (ii) is structural in nature or otherwise affects the structural integrity or design of the Building; or (iii) affects the mechanical, electrical, sanitary (including plumbing), heating, ventilating, and air-conditioning (“HVAC”), life safety, or other services of the Building; or (iv) has an aggregate cost greater than Five Thousand Dollars ($5,000.00).

Examples of Material Alterations in a sentence

• If Borrower has provided cash security, as provided above, such cash shall be released by Lender to fund such Material Alterations, and if Borrower has provided non-cash security, as provided above, except to the extent applied by Lender to fund such Material Alterations, Lender shall release and return such security upon Borrower’s satisfaction of the requirements of the preceding sentence.

• Without Landlord’s prior written consent, which consent shall not be unreasonably withheld, Tenant shall not make any Capital Alterations or Material Alterations.

• If Landlord consents to the making of any Capital Alterations or Material Alterations, Landlord may impose commercially reasonable conditions thereon in connection with its approval thereof.

• No material amounts are payable by Borrower to any Tenant under a Lease (other than in connection with common area maintenance and other routine reconciliations) and no Tenant has the right to require Borrower to perform or finance any Material Alterations or improvements to the space covered by its Lease.

• The Improvements and the Equipment shall not be removed or demolished and no Material Alterations shall be made thereto (except for normal replacement or disposal of the Equipment and except as otherwise expressly permitted in the Loan Agreement) without the consent of Mortgagee.

More Definitions of Material Alterations

Material Alterations is defined in Section 11(A).

Material Alterations shall have the meaning set forth in Section 13.01A hereof.

Material Alterations means any Alteration which (i) affects the exterior of the Building; or (ii) is structural; or (iii) affects any area outside the Building; or (iv) affects utility services or mechanical, electrical, sanitary, plumbing, HVAC, life safety, or other systems of the Building; or (v) has a cost in excess of $25,000.00.

Material Alterations at any time shall mean any alteration of any portion of the Property that (a) upon completion is reasonably likely to diminish the value of the Property in any material respect, (b) materially alters the use of the Property, (c) is reasonably expected to cost in excess of $500,000, as reasonably determined by Lender, or (d) is reasonably anticipated to permit any Tenant under a Major Lease, or Tenants whose Leases cover a number of square feet which, if leased by a single Tenant, would constitute a Major Lease, to terminate their Leases or xxxxx any amount of rent; provided, however, that Tenant Alterations and other similar work performed by Tenants in the space leased by such Tenants at the Property shall not constitute “Material Alterations”.

Material Alterations shall have the meaning set forth in Section 5.2.

Material Alterations. Means to make any modification in existing building by way of additions/alteration or any other change in the roof or wall or compound in any respect on the plot for which the permission for construction has been previously obtained.

Material Alterations means any Alteration that (a) affects the Building's structure, 38 (b) affects the Building's exterior, (c) affects the mechanical or utility systems of the Building or any 39 space occupied by another tenant, (d) affects the provision of services to other Building tenants, 40 (e) includes work that requires the removal of a portion of the floor slab in any portion of the Demised 41 Premises, or access to, or penetration of the floor slab adjacent to, any space occupied by any other 42 tenant or occupant of the Building other than Tenant's subtenants, (f) provides for the installation of wet 43 pipes above or in close proximity to an existing sensitive area(s) of another tenant, (g) affects any 44 Building Common Area, or can be seen from any Building Common Area, (h) affects the technical 45 services or content of the Facility or (i) constitutes a change in the design concept for any portion of the 46 Demised Premises. Tenant acknowledges that with respect to the performance of all Alterations, Tenant 47 must otherwise fully comply with all of the other applicable provisions of this Article, including the 1 requirements of Exhibit C attached hereto and the receipt of approval of any required applicable 2 Governmental Authorities (including QAD).