Additions, Modifications and Improvements. The Lessee shall, at its own expense, have the right to make additions, modifications, and improvements to any portion of the Leased Property if such improvements are necessary or beneficial for the use of such portion of the Leased Property. All such additions, modifications and improvements shall thereafter comprise part of the Leased Property and be subject to the provisions of this Lease. Such additions, modifications and improvements shall not in any way damage any portion of the Leased Property or cause it to be used for purposes other than those authorized under the provisions of State and federal law or in any way which would impair the exclusion from gross income for federal income tax purposes of the interest components of the Lease Payments; and the Leased Property, upon completion of any additions, modifications and improvements made pursuant to this Section, shall be of a value which is not substantially less than the value of the Leased Property immediately prior to the making of such additions, modifications and improvements.
Additions, Modifications and Improvements. Following the completion of the Project, the District shall, at its own expense, have the right to make additions, modifications, and improvements to any portion of the Property if such improvements are necessary or beneficial for the use of such portion of the Property. Unless otherwise specifically contracted for, all such additions, modifications and improvements shall thereafter comprise part of the Property and be subject to the provisions of this Lease. Such additions, modifications and improvements shall not in any way damage any portion of the Property or cause it to be used for purposes other than those authorized under the provisions of State and federal law or in any way which would impair the State tax-exempt status or the exclusion from gross income for federal income tax purposes of the interest components of the Lease Payments; and the Property, upon completion of any additions, modifications and improvements made pursuant to this Section, shall be of a value which is not substantially less than the value of the Property immediately prior to the making of such additions, modifications and improvements.
Additions, Modifications and Improvements. The City shall, at its own expense, have the right to make additions, modifications or improvements to any portion of the Property if such additions, modifications or improvements are necessary or beneficial for the use of such portion of the Property. Such additions, modifications and improvements shall not in any way damage any portion of the Property or cause them to be used for purposes other than those authorized under the provisions of state and federal law or in any way which would impair the exclusion from gross income for federal income tax purposes of the interest portion of the Lease Payments or diminish the fair rental value of the Property; and the Property, upon completion of any additions, modifications and improvements made pursuant to this Section, shall be of a value which is not less than the value of the Property immediately prior to the making of such additions, modifications or improvements.
Additions, Modifications and Improvements. Following completion of the Project, the Board of Education shall, at its own expense, have the right to make, or cause to be made, additions, modifications and improvements to any portion of the Leased Property if such addition, modifications or improvements are necessary or beneficial for the use of such portion of the Leased Property. All such additions, modifications and improvements shall thereafter comprise part of the Leased Property and be subject to the provisions of this Lease. Such additions, modifications and improvements shall not in any way cause the interest components of the installment payments coming due under the Contract to be includable in gross income for purposes of federal income taxation under Section 103 of the Internal Revenue Code of 1986, as amended.
Additions, Modifications and Improvements. Subject to the Master Indenture, CHOA may remodel, renovate, or improve all or any portion of the facilities financed or refinanced with the proceeds of the Bonds or any of its other properties or make additions, modifications or improvements thereon or thereto as it, in its discretion, may deem desirable for its purposes and uses.
Additions, Modifications and Improvements. NGHS (or its affiliate NGMC) may remodel, renovate, or improve all or any portion of the facilities financed or refinanced with the proceeds of the Series 2021B Certificates or any of its other properties or make additions, modifications or improvements thereon or thereto as it, in its discretion, may deem desirable for its purposes and uses.
Additions, Modifications and Improvements. The Company shall have and is hereby given the sole right, at the Company’s sole cost and expense, to make such additions, modifications and improvements in and to any part of the Project, the Property, the Financed Facilities or the Financed Equipment as the Company from time to time may deem necessary or desirable in the Company’s sole discretion for the Company’s business purposes. All additions, modifications and improvements made by the Company pursuant to the authority of this Section 8.1 shall (i) be made in a good and workmanlike manner and in compliance with all Applicable Regulations, (ii) when commenced, be prosecuted to completion with due diligence, and (iii) when completed, be deemed a part of the Project; provided, however, that additions of machinery, equipment or other improvements installed by the Company (a) not accepted by the City; or (b) not originally purchased or acquired from funds deposited with the Trustee under this Lease shall remain the property of the Company and may be removed by the Company, and are not part of the Project.
Additions, Modifications and Improvements. CONSUMER DIRECT may from time to time, at its own expense make any additions, modifications or improvements to the Public Improvements that it may deem desirable, with the prior written consent of CITY and MBOI, which consent shall not be unreasonably withheld or delayed; provided that such consent shall not be required if CONSUMER DIRECT reasonably determines that the estimated cost of such additions, modifications or improvements and any related work will be less than $100,000.00 and provided, further, that in any case:
Additions, Modifications and Improvements. The Mortgagor has the right to make additions to the Mortgaged Property and to modify and improve the Mortgaged Property, subject to compliance with the following conditions:
Additions, Modifications and Improvements. The SUBLESSEE may from time to time in its discretion and at its expense, make any additions, modifications or improvements to the PROJECT FACILITIES which it may deem desirable for its business purposes provided that no such additions, modifications or improvements shall, in the opinion of an Engineer, adversely affect the structural integrity or strength of any improvements constituting a part of the PROJECT FACILITIES or materially interfere with the use and operation thereof. All additions, modifications and improvements so made by the SUBLESSEE shall become or be deemed to constitute a part of the PROJECT FACILITIES.
