Alterations and Renovations. Borrower Parties shall obtain Lender’s prior written consent (such consent not to be unreasonably withheld) to any alterations or renovations to any of the Improvements; provided, however, that Lender’s consent shall not be required in connection with any alterations or renovations that (i) are contemplated in connection with any Restoration, (ii) are permitted to be made by any Tenant under its Lease without the consent or approval of any Borrower Party, or (iii) will not have a material adverse effect on the financial condition of any Borrower Party, the value of the affected Property or the Net Operating Income of the affected Property, provided further that such alterations permitted under subsection (iii) do not adversely affect any structural component of any Improvements relating to the affected Property, any utility or HVAC system contained in any Improvements relating to the affected Property, or the exterior of any building constituting a part of any Improvements of the affected Property, and the aggregate cost thereof does not exceed the lesser of either: (A) ten percent (10%) of the Allocated Loan Amount of the affected Property, or (B) One Million Dollars ($1,000,000.00). In connection with any request for approval relating to any alterations or renovations to any of the Improvements, provided no Event of Default exists, Lender shall notify Borrower whether Lender has approved any such request within ten (10) Business Days following Lender’s receipt of all information reasonably requested by Lender to review any such request. If Lender does not so notify Borrower within ten (10) Business Days following Lender’s receipt of all such information and if no Event of Default exists, Lender’s approval of such request shall be deemed granted.
Alterations and Renovations. After completing the Work, if Developer wishes to make alterations or renovations thereof:
Alterations and Renovations. No work is allowed in any apartment without the permission of the Board. Work means any renovations or modifications including plastering, carpentry, replacing windows, masonry, the installation or modification of electric wiring, the installation or modification of plumbing or any other work other than painting or carpeting. If you are unsure if you need to fill out an Alteration Agreement, ask the Managing Agent. • Any shareholder seeking permission for such work must complete an Alteration Agreement, available from the Managing Agent. The Managing Agent and the Board will review the request within two weeks, and will either approve the work, or will request further information at that time. • All contractors and subcontractors must carry liability insurance and must provide the Co-op with a certificate of insurance which names the Co-op as additionally insured. • New York City has passed regulations regarding the control of lead paint dust during renovations. The Co-op consists of old buildings with many layers of paint, some of which is lead paint. Contractors must be certified for lead paint removal and conform to all laws regarding lead paint. • Some apartments have antiquated electrical service within the apartment. All apartments should have a modern code compliant circuit breaker box. The Board may at its discretion require the installation of such modern electrical service in cases of recurring problems or major renovations. • All apartments should have water supply shut off valves that allow repair of plumbing in the apartment without turning off water service to the entire building. The Board may at its discretion require installation of water supply shut off valves in cases of recurring problems or major renovations. • Any shareholder proceeding with work without a written approval will be fined $1,000 and will be required to stop work until approval is obtained. WASHING MACHINES Due to the age and pipe size of the existing plumbing in the buildings, standard washing machines are not allowed (past problems have occurred with suds backing up into cellar and first floor apartments). Low water usage/ high efficiency models, usually front loading, are allowed. • The Board must approve the brand and model of washing machine prior to installation. • A licensed plumber must perform the installation. • The shareholder must agree to remove the machine at their own expense, upon the written request of the Board, if other shareholders in the buildings ex...
Alterations and Renovations. Section 9.01. The location, size, design, color and other physical aspects of the Lessee identification sign shall be subject to the Lessor's written approval prior to installation, which shall not be unreasonably withheld, any appropriate municipal or other governmental approvals. The cost of the sign, its installation, maintenance and removal expense shall be Lessee's sole expense. If Lessee fails to maintain its sign, or, if Lessee fails to remove its sign upon termination of this Lease, Lessor may do so at Lessee's expense and Lessee's reimbursement to Lessor for Such amounts shall be deemed additional rent.
Alterations and Renovations. Borrower shall obtain Lender’s prior written consent (such consent not to be unreasonably withheld if no Event of Default exists) to any alterations or renovations to any of the Improvements; provided, however, that Lender’s consent shall not be required in connection with any alterations or renovations that (i) are contemplated in connection with any Restoration in accordance with the provisions of this Agreement, and (ii) will not have a material adverse effect on the financial condition of Borrower, the value of the Property or the Net Operating Income, provided further that such alterations permitted under subsection (ii) do not adversely affect any structural component of any Improvements, any utility or HVAC system contained in any Improvements, or the exterior of any building constituting a part of any Improvements, and the aggregate cost thereof does not exceed Two Hundred Fifty Thousand Dollars ($250,000.00).
Alterations and Renovations. (a) The definition of “Material Alteration” is hereby deleted in full and replaced by the following:
Alterations and Renovations. Borrower shall obtain Lender’s prior written consent (such consent not to be unreasonably withheld) to any alterations or renovations to any of the Improvements; provided, however, that Lender’s consent shall not be required in connection with (y) any alterations or renovations that (i) are contemplated in connection with any Restoration, and (ii) will not have a material adverse effect on the financial condition of Borrower, the value of the Property or the Net Operating Income, provided further that such alterations permitted under subsection (ii) do not adversely affect any structural component of any Improvements, any utility or HVAC system contained in any Improvements, or the exterior of any building constituting a part of any Improvements, and the aggregate cost thereof does not exceed Two Hundred Fifty Thousand Dollars ($250,000.00), or (z) any tenant improvements pursuant to Leases approved or deemed approved by Lender.
Alterations and Renovations. After completing the Work, JoePC may make alterations or renovations as it deems necessary, desirable or appropriate after obtaining any Governmental Approvals necessary for such alterations or renovations; provided, that, JoePC shall not undertake any material alteration or renovation that would expand the footprint of the JoePC Improvements or increase the height of any buildings comprising the JoePC Improvements without the City’s written approval.
Alterations and Renovations. The LICENSEE will be allowed to carry out any alterations or renovations within the said premises but without in any way altering or damaging the main/shell structure of the said premises. The LICENSEE will need to take prior written approval from DMRC through a written notice prior to commencement of any alteration works and if necessary DMRC reserves the right to ask for and review the renovation plan/drawings before providing consent. The LICENSEE will be responsible for the costs of removing debris from the premises and will be responsible for all damage to the common areas of the complex like flooring, lift cars etc during the process of alteration. Any special cleaning or drain clearance necessary as a result of the alteration works and any other costs incurred by DMRC including any extra security costs, which are caused by, or in connection with, the works will also be to the LICENSEE s account. The occupant will have to bear the cost of the damage plus service charges. However before incurring any such costs the occupants will be briefed on the requirements by DMRC.
Alterations and Renovations. (a) The Lessee shall be allowed to carry out any alterations or renovations within the said premises but without in any way altering or damaging the main/shell structure of the said premises. The Lessee shall need to take prior written approval from Lessor through a written notice prior to commencement of any alteration works and if necessary Lessor reserves the right to ask for and review the renovation plan/ drawings before providing consent.
