Permitted Alterations definition

Permitted Alterations means any one of the following: [i] Alterations approved by Landlord; [ii] Alterations required under Section 7.2; [iii] Alterations having a total cost of less than $25,000.00; or [iv] repairs, rebuilding and restoration required or undertaken pursuant to Section 9.4.

Permitted Alterations shall have the meaning set forth in the Mortgage Loan Agreement.

Permitted Alterations is defined in Section 11.1.

Examples of Permitted Alterations in a sentence

• Except in the case of the Permitted Alterations the Hirer shall not erect scaffolding, affix screws or nails to any building, structure or chattel in or at the Venue without the Licensor’s prior written consent.

• Tenant shall pay to Landlord a construction supervision fee equal to five percent [5%] of the hard costs of the Alterations with respect to any Alterations (other than Permitted Alterations).

• Permitted Alterations Any tenant who intends on making physical alterations to its leased space, as a prerequisite for the tenant’s use of its space, in most instances would be best served by having its initial work pre-approved by the landlord at the time it enters into the lease.

• During the Term, Tenant at its cost shall maintain fire and extended coverage insurance on all Tenant’s Property and any PV System, Alterations or Permitted Alterations, and all other contents of the Premises in an amount sufficient so that no coinsurance penalty will be applied in case of loss.

• With the exception of the requirement to obtain Landlord’s consent, the performance or construction of any Permitted Alterations shall comply with all other terms and conditions of this Lease applicable to any alterations or other work by Tenant at the Premises.

More Definitions of Permitted Alterations

Permitted Alterations means Alterations that do not consist solely of Decorative Alterations and that (i) are non-structural, (ii) do not materially and adversely affect any Base Building Systems, (iii) affect only the Premises and are not visible from outside of the Premises, and (iv) do not affect the certificate of occupancy issued for the Building or the Premises.

Permitted Alterations means only cosmetic Alterations (such as commercially reasonable paint, flooring/carpeting and window covers/treatments that do not require a building permit or cost in excess of $25,000 in any calendar year) and customary maintenance and repairs of the Premises and Leasehold Improvements if and to the extent that such maintenance and repairs: (A) are of a type and extent which are customarily permitted to be made without consent by landlords acting consistently with Institutional Owner Practices leasing similar space for similar uses to similar tenants, (B) are in compliance with the Rules and Regulations, and (C) will not affect the Building Structure, or any Building Systems, or adversely affect the provision of services to other Building or Project tenants.

Permitted Alterations shall have the meaning given to it in Section 10.1 hereof.

Permitted Alterations means any one of the following: (i) non-structural alterations that do not affect any of the Building Systems or alter the function or utility of the Improvements (such as painting, landscaping, installing new floor coverings) having an aggregate cost (together with any related alterations) at any one time of not more than $150,000.00 per Individual Property; (ii) non-structural alterations that do not affect any of the Building Systems or alter the function or utility of the Improvements that are performed in connection with any tenant improvement work or other work required to be performed by Borrowers or permitted to be performed by the applicable Tenant pursuant to any Lease existing on the date hereof or entered into after the date hereof in accordance with this Agreement, so long as all such tenant improvement work or other work is reasonably detailed in such Lease; and (iii) all alterations to be paid for by Capital Proceeds released to Borrowers in accordance with this Agreement.

Permitted Alterations means, with respect to a Mortgaged Property, all Alterations being made to a Mortgaged Property which do not require the approval of the Administrative Agent under Section 9.16.

Permitted Alterations means only cosmetic and non-structural Alterations and usual and customary maintenance and repairs of Leasehold Improvements if and to the extent that such cosmetic and non-structural Alterations, maintenance and repairs: (A) are of a type and extent which are customarily permitted to be made without consent by landlords acting consistently with Institutional Owner Practices leasing similar space for similar uses to similar tenants, (B) are in compliance with the Rules and Regulations and all applicable Laws, (C) are not Major Alterations, and (D) do not cost more than Fifty Thousand and 00/100 Dollars ($50,000.00) in each instance.

Permitted Alterations means only usual and customary installations, repairs, maintenance, and removals of equipment and telecommunication cables within the Premises if and to the extent that such installations, repairs, maintenance, and removals: (a) are usual and customary within the industry, (b) are of a type and extent which are customarily permitted to be made without consent by landlords acting consistently with Institutional Owner Practices leasing similar space for similar uses to similar tenants, (c) are in compliance with applicable Laws and the Datacenter Rules and Regulations, and (d) shall not affect the Building’s structure, the provision of services to other Building tenants, or any Building Systems (including, without limitation, the Building’s (and the Datacenter’s) electrical, plumbing, HVAC, life safety or mechanical systems).