Optional Alteration definition

Optional Alteration has the meaning set forth in Section 12(c) of the Lease Agreement.
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Optional Alteration has the meaning given set forth in Section 12 of the Equipment Agreement.
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Optional Alteration shall have the meaning given in Section 4(j) of this Annex.
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Examples of Optional Alteration in a sentence

  • Obligor may make any optional alteration to any Item of Equipment ("Optional Alteration") provided such Optional Alteration does not impair the value, use or remaining useful life of such Item of Equipment.

  • Obligor may make any optional alteration to any Item of Equipment (“Optional Alteration”) provided such Optional Alteration does not impair the value, use or remaining useful life of such Item of Equipment.

  • Lessee may make any optional alteration to any Item of Equipment ("Optional Alteration") provided such Optional Alteration does not impair the value, use or remaining useful life of such Item of Equipment.

  • Lessee may make any optional renovation, improvement, addition, or alteration to any Item of Equipment ("Optional Alteration") provided that with respect to each Item of Equipment such Optional Alteration does not impair the value, use or remaining useful life of such Item of Equipment.

  • Such request may be made (i) in the notice given under paragraph (e) above in respect of each such Nonseverable Optional Alteration, (ii) in the report given under paragraph (f) above in respect of each such Alteration other than a Nonseverable Optional Alteration, or (iii) on February 1 of each year during the Lease Term, commencing February 1, 1993, in respect of the Incremental Cash Cost of each such Replacement Component.

  • Such alteration shall be subject to the Lessor's consent; PROVIDED, HOWEVER, that if the Lessor shall not have objected to the incorporation of such proposed Nonseverable Optional Alteration in the Transmission System within such 30-day period, the Lessor will be deemed to have consented thereto.

  • Upon the removal thereof as provided above, such Optional Alteration shall no longer be deemed subject to this Lease or part of the Equipment from which it was removed.

  • In such connection, the Lessor acknowledges that its interest in the Transmission System is only with respect to its Undivided Interest and, therefore, that the Lessee shall be required to take into account the rights and interests of all other Persons having an undivided interest in the Transmission System, including any undivided interest in such proposed Nonseverable Optional Alteration.

  • An interest in such Optional Alteration shall be immediately vested in Obligee and the same shall be subject to this Agreement.

  • Thereupon, such Required Alteration shall immediately become subject to the terms and conditions of this Indenture.(iii) The Issuer may make any optional renovation, improvement, addition, or alteration to any Owner Compressor (any such renovation, improvement, addition or alteration, an “Optional Alteration”) provided that such Optional Alteration does not impair the value, use or remaining useful life of such Owner Compressor.


More Definitions of Optional Alteration

Optional Alteration. This term shall have the meaning set forth in Section 10 hereof.
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Optional Alteration shall have the meaning given in Section 3(c) of this Annex.
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Optional Alteration has the meaning given set forth in Section 12 of the Equipment Agreement. "Outstanding Debt Amount" with respect to each Item of Equipment means the Debt Component therefor less the aggregate of all Debt Amortization Payments, all payments on account of Casualty Loss Value and all Deficiency payments and all payments made by Obligor to Obligee in accordance with Section 26.2 of the Equipment Agreement paid by Obligor to Obligee with respect to such Item. "Overdue Rate" means the Applicable Debt Rate at the time in effect plus two (2) percent (200 basis points). "Owner Participant" means Bank of Tokyo-Mitsubishi Trust Company, a New York trust company, and its permitted successors and assigns. "Participation Agreement" means the Participation Agreement dated as of September 30, 1999 among Obligor, Obligee, Lender and Owner Participant, and Security Trustee as amended and modified from time to time in accordance with the terms thereof.
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Related to Optional Alteration

  • Structural alteration means an Alteration that (i) will result in a change in the footprint of the Improvements, (ii) involves the addition of one or more floors to the Improvements, (iii) affects the structural elements or any exterior walls of the Improvements, (iv) decreases the rentable square footage of the Leased Premises other than to a de minimis extent or (v) adversely affects the proper functioning and/or capacity of the building systems in the Improvements.

  • Major Alteration means change other than repair or replacement of building materials or equipment with materials and equipment of a similar type.

  • Substantial alteration means an alteration that has a major impact on the architectural features, characteristics, appearance, or integrity of a structure or lot. The term does not include routine maintenance that is reasonably necessary to maintain a dealership facility in attractive condition and does not include any changes to items protected by federal intellectual property rights.

  • Material Alteration means any alteration affecting structural elements of the Improvements, utility or HVAC system contained in any Improvements or the exterior of any Property, the cost of which exceeds the Alteration Threshold; provided, however, that in no event shall (i) any Required Repairs, (ii) any tenant improvement work performed pursuant to any Lease existing on the date hereof or entered into hereafter in accordance with the provisions of this Agreement, or (iii) alterations performed as part of a Restoration, constitute a Material Alteration.

  • Structural Alterations means any Alterations involving the structural, mechanical, electrical, plumbing, fire/life safety or heating, ventilating and air conditioning systems of the Building.

  • Installation Work means the construction and installation of the System and the start-up, testing and acceptance (but not the operation and maintenance) thereof, all performed by or for Provider at the Premises.

  • 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.

  • Specialty Alterations means Alterations consisting of kitchens, executive bathrooms, raised computer floors, computer installations, vaults, libraries, internal staircases, dumbwaiters, pneumatic tubes, vertical and horizontal transportation systems, and other Alterations of a similar character.

  • Tenant Improvements Defined in Exhibit B, if any.

  • Alterations means all changes, additions, improvements or repairs to, all alterations, reconstructions, renewals, replacements or removals of and all substitutions or replacements for any of the Improvements or Equipment, both interior and exterior, structural and non-structural, and ordinary and extraordinary.

  • 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

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

  • Tenant Work All work installed or furnished to the Premises by Tenant in connection with Tenant’s initial occupancy pursuant to Rider 2 and the Workletter.

  • Base Building Work means the base building work for the Building as described in this Manual.

  • 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.

  • Building Work has the meaning given to it in section 6 of the Building and Construction Industry (Improving Productivity) Act 2016 (Cth);

  • Building Project means the aggregate combined parcel of land on a portion of which are the improvements of which the Premises form a part, with all the improvements thereon, said improvements being a part of the block and lot for tax purposes which are applicable to the aforesaid land.

  • Utility Installation means carpeting, window and wall coverings, power panels, electrical distribution systems, lighting fixtures, air conditioning, plumbing, and telephone and telecommunication wiring and equipment. At the expiration of the term, Lessor may require the removal of any or all of said alterations, improvements, additions or Utility Installations, and the restoration of the Premises and the Office Building Project to their prior condition, at Lessee's expense. Should Lessor permit Lessee to make its own alterations, improvements, additions or Utility Installations, Lessee shall use only such contractor as has been expressly approved by Lessor, and Lessor may require Lessee to provide Lessor, at Lessee's sole cost and expense, a lien and completion bond in an amount equal to one and one-half times the estimated cost of such improvements, to insure Lessor against any liability for mechanic's and materialmen's liens and to insure completion of the work. Should Lessee make any alterations, improvements, additions or Utility Installations without the prior approval of Lessor, or use a contractor not expressly approved by Lessor, Lessor may, at any time during the term of this Lease, require that Lessee remove any part or all of the same.

  • Tenant’s Work means all improvements, alterations, fixture, equipment, and signage installation, and furniture placement necessary or appropriate for the conduct of the Permitted Use, including all work described as Tenant’s Work on Exhibit D, attached (the “Work Letter”).

  • Military installation means: a base, camp, post, station, yard, center, homeport facility for any ship, or other activity under the jurisdiction of the Department of Defense, including any leased facility, which is located within any of the several States, the District of Columbia, the Commonwealth of Puerto Rico, the U.S. Virgin Islands, Guam, American Samoa, the Northern Marianas Islands and any other U.S. Territory. Such term does not include any facility used primarily for civil works, rivers and harbors projects, or flood control projects.

  • demolition work means a method to dismantle, wreck, break, pull down or knock down of a structure or part thereof by way of manual labour, machinery, or the use of explosives;

  • 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: