Optional Modifications. Charterer may, at no expense to Owner, ---------------------- make (or cause or allow to be made) such other Severable and Nonseverable Modifications to the Vessel not required by Article 11(a), including the installation of pumps, gear and equipment in addition to that on board as of the Delivery Date, as do not decrease the Fair Market Sales Value (except to a de -- minimis extent) of the Vessel or decrease the remaining useful life or cause the ------- Vessel to become "limited use property" within the meaning of Revenue Procedure 76-30.
Appears in 4 contracts
Samples: Agreement (Mobil Corp), Agreement (Mobil Corp), Agreement (Mobil Corp)
Optional Modifications. Charterer may, at no expense to Owner, make ---------------------- make (or cause or allow to be made) such other Severable and Nonseverable Modifications to the Vessel not required by Article 11(a), including the installation of pumps, gear and equipment in addition to that on board as of the Delivery Date, as do not decrease the Fair Market Sales Value (except to a de -- minimis extent) of the Vessel or decrease the remaining useful life or cause the ------- Vessel to become "limited use property" within the meaning of Revenue Procedure 76-30.
Appears in 2 contracts
Samples: Agreement (Mobil Corp), Charter (Mobil Corp)
