Modifications and Construction Sample Clauses
The "Modifications and Construction" clause defines how changes to the agreement can be made and clarifies how the contract should be interpreted. Typically, it requires that any amendments or modifications to the contract be made in writing and agreed upon by all parties, and it may specify that the contract should be interpreted according to its plain meaning or under a particular set of laws. This clause ensures that the contract remains clear and enforceable by preventing informal or unauthorized changes and by providing guidance on how to resolve ambiguities in the contract's language.
Modifications and Construction. A. The Landlord, at its cost, shall construct demising walls from the floor to the underneath portion of the roof in the shipping and receiving area, as described and depicted in Exhibit #1. At the Landlord’s option, said demising wall can be concrete block up to a height of ten (10) feet and then wire fencing for the remainder of the height of the wall. The portion of the wall facing the Reduced Leased Premises shall be unfinished concrete block and wire fencing.
B. The Landlord shall construct and pay for the installation of a demising wall between the remaining Reduced Leased Premises and the Released Premises; however the Tenant shall reimburse the Landlord for the reasonable cost of constructing approximately forty (40) lineal feet of said demising wall (the “Tenant’s Construction Costs”). The parties agree that the Tenant’s Construction Costs is Five Thousand and 00/100 Dollars ($5,000.00) (estimated at $125 per lineal foot), which is due and payable from the Tenant at the same time as the Contraction Fee. Failure of the part of the Tenant to pay the Tenant’s Construction Cost on said date shall constitute an Event of Default by the Tenant of this Lease As Amended.
Modifications and Construction. 4.1 With effect on and from the date hereof each of the Seller, Funding, the Mortgages Trustee and the Security Trustee agrees to be bound by the Principal Agreement as modified pursuant to this Third Supplemental Mortgage Sale Agreement.
4.2 The Principal Agreement shall henceforth be read and construed as one document with this Agreement.
Modifications and Construction