Required Modification definition

Required Modification shall have the meaning specified in Section 8.1 of the Facility Lease.
Required Modification means any alteration or modification of a Portfolio Railcar required by the AAR, the FRA, the United States Department of Transportation or any other United States or state governmental agency or any other applicable law (including without limitation, the laws of Mexico, Canada or any of their respective states and territories (as applicable)) and required by such entity as a condition of continued use or operation of such Railcar in interchange.
Required Modification is defined in Section 10.1 of the Master Lease.

Examples of Required Modification in a sentence

  • Title to any Required Modification shall immediately vest in Lessor.

  • Limits of Required Modification: The District is not required to take any action that it can demonstrate would result in a fundamental alteration in the nature of a service, program, or activity or in undue financial and administrative burdens.

  • Limits of Required Modification: The district is not required to take any action that it can demonstrate would result in a fundamental alteration in the nature of a service, program, or activity or in undue financial and administrative burdens.

  • On the first Determination Date after the completion of any Required Modification, if any Capital Contribution was made in connection with such Required Modification, the Administrator will allocate all amounts then remaining on deposit in the Expense Account in respect of such Required Modification to the Member.

  • The Facility Lessee at any time may, at its own cost and expense and without the consent of any other Person, make or cause or permit to be made any Modification to the Facility as the Facility Lessee considers desirable in the proper conduct of its business (any such Modification which is not a Required Modification being referred to as an “Optional Modification”).


More Definitions of Required Modification

Required Modification is defined in Section 10.1(a) of the Lease.
Required Modification is defined in Section 14.1(a) of the Lease.
Required Modification shall have the meaning assigned thereto in Section --------------------- 9.1 of the Lease.
Required Modification has the meaning set forth in Section 11.1 of the Lease.
Required Modification means any of the Modifications described in clause (i) of Section 10.1(a) of the Lease.
Required Modification is defined in Section 14.1(a) of the Lease. --------------------- ---------------
Required Modification has the meaning ascribed thereto in Section 5.2(a).