Modifications to Structure Sample Clauses
The "Modifications to Structure" clause defines the rules and procedures for making changes to an existing building or structural element. It typically outlines who has the authority to approve modifications, the process for submitting requests, and any requirements for compliance with building codes or obtaining necessary permits. For example, a tenant may need to seek written consent from the landlord before altering walls or installing new fixtures. This clause ensures that any structural changes are properly managed, maintaining the integrity and safety of the property while clarifying responsibilities and preventing unauthorized alterations.
Modifications to Structure. In determining the scope of the Business under Section 2.1 and in preparing any Annual Business Plan or any Rolling Business Plan under Section 2.2, each of Caterpillar and Navistar shall cause its respective Representatives to use their commercially reasonable efforts to adapt the structure and manner in which the Company does business to take into account evolving legal, regulatory, and business considerations affecting the Company or either Member, including changes that are needed by either Member, so long as the costs of any such change are borne (a) solely by either Member, as applicable (in the case of a benefit to only such Member) or (b) proportionately by both Members (in the case of a benefit to both Members), and the aggregate economic interests of the Members are not altered as a result of such structure. Without limiting the generality of the foregoing, the Parties shall cooperate in determining whether, in certain circumstances, the Company should arrange for separate and distinct legal entities to conduct (i) that portion of the Business relating to all or any part of developing, designing, testing, manufacturing, assembly, branding, marketing, selling, and distributing JV Trucks (on the one hand) and (ii) the provision of product support and other services relating to JV Trucks (on the other hand).
Modifications to Structure. All additions, changes, modifications and repairs, replacements, extensions, buildings and structures erected on or made to the leased Premises during the term of this Lease shall at once be and become the absolute property of the City unless the parties mutually agree otherwise.
Modifications to Structure. (a) In order to qualify and/or preserve the status of Apollo, the Companies or any entity in which the Parties and/or the Companies own an interest and which owns any portion of the Company Assets as an "operating company" under the plan asset rules of ERISA at 29 C.F.R. Section 2510.3-101 ("PLAN ASSET RULES"), to avoid the imposition of a corporate tax on any income of the Companies, or to minimize the effects of any UBTI on Apollo and its partners, HWS and Watermark agree to consent to modifications proposed from time to time by Apollo to the structure of any of the Companies (but in no event changes to the Percentage Interests) and/or the Companies' investments in, and ownership of the Company Assets and/or to the terms of the Operating Agreement, including, without limitation, the capital contribution and allocation and distribution provisions set forth in Articles III, IV and V of the Operating Agreement, if in any case the modifications will not materially adversely affect the aggregate amount or timing of Capital Contributions, payment of fees, distributions of Net Cash Flow and liquidation proceeds or the aggregate allocations of Profits and Losses; provided, however, that if the modifications do adversely affect the aggregate amount of timing of Capital Contributions, fees payable or distributions of Net Cash Flow and liquidation proceeds or the aggregate allocations of Profits and Losses (an "ADVERSE CHANGE"), the provisions of Section 1.3(b) shall apply. Subject to and specifically limited by the foregoing, any such modifications may include, without limitation, the formation by the Parties of other partnerships, corporations or other entities (including, without limitation, corporations and trusts that qualify as real estate investment trusts under Section 856 of the Internal Revenue Code of 1986, as amended (the "Code")) to be owned by the Parties or their Affiliates and which will own a portion of the Company Assets. In any such event, the Companies and such other entities shall be treated as a single partnership for federal income tax purposes and the fees payable to, the amounts distributable to, the Profits and Losses allocable to, the Capital Contributions required to be contributed by, the maintenance of Capital Accounts, and the buy-sell rights and obligations pursuant to the Operating Agreement and the organic documents governing such other entities shall be calculated, determined and applied on an aggregate basis as if the Company Ass...
Modifications to Structure. The parties agree to negotiate in good faith modifications to the structure of the Partnership and/or the Partnership's investments in, and ownership of, the Partnership Assets proposed from time to time by the Administrative Partner to avoid the imposition of a corporate tax on any income of the Partnership or to implement other tax efficient policies. No modification shall become effective except in compliance with the provisions of Section 17.4.
Modifications to Structure. In the event any Party determines that the proposed structure for the proposed transaction or the steps necessary to complete the transaction can be modified in a way that would be beneficial from a tax or non-tax perspective to such Party, the other Parties agree to cooperate in good faith and exercise reasonable commercial efforts to effect such modification, provided that such -------- modification is not materially adverse to such other Party or Parties or unduly delays the transactions contemplated hereby.
Modifications to Structure