Improvement Addendum definition
Examples of Improvement Addendum in a sentence
Dealer understands that BMW NA may, at its sole option, reject the plan or require issuance or modification of an Improvement Addendum in the event the plan is approved.
The Company Accounts will include a Capital Improvement Account, as further described and governed by the terms set forth in Section 2 of the Permitted Capital Improvement Addendum attached hereto as Annex V (and references in the Transaction Documents to this Section 12.13 will be deemed to include such Section 2 of the Permitted Capital Improvement Addendum).
Capital Contributions by the Members in connection with the funding of the Capital Contribution Account on the Closing Date are as set forth in Section 2(b) of the Permitted Capital Improvement Addendum attached hereto as Annex V (and references in the Transaction Documents to this Section 5.3 will be deemed to include such Section 2(b) of the Permitted Capital Improvement Addendum).
Without limiting other considerations in determining whether BMW NA will provide consent, this Agreement may not be transferred, assigned or assumed until all indebtedness of Dealer to BMW NA, its subsidiaries or affiliates has been fully satisfied and unless the transferee, assignee or party assuming this Agreement agrees and commits to fulfill and complete all of the obligations under this Agreement and the Improvement Addendum (if applicable).
If, upon evaluation of Retailers performance pursuant to Sections II.E, IV.F, V.B or VI.E herein, MBUSA concludes that Retailer has failed to perform adequately its marketing and sales, service or client satisfaction responsibilities or to provide adequate Mercedes-Benz Center facilities, MBUSA shall issue to Retailer a Retailer Improvement Addendum notifying it of such failure(s).
This Agreement shall continue in full force and effect and shall govern all relations and transactions between the parties commencing on the effective date hereof and continuing as follows: - If Dealer has fulfilled all of its obligations hereunder and no Improvement Addendum is currently in force, this Agreement shall expire five years from the effective date hereof, unless terminated earlier in accordance with the applicable provisions of this Agreement.
If, upon evaluation of Dealer's performance pursuant to Sections II.E, IV.F, V.B or VI.E herein, MBUSA concludes that Dealer has failed to perform adequately its marketing and sales, service or customer satisfaction responsibilities or to provide adequate dealership facilities, MBUSA shall issue to Dealer a Dealer Improvement Addendum notifying it of such failure(s).
The accompanying Maybach Passenger Car Dealer Agreement Standard Provisions, Dealer AOI Space Analysis Addendum, Dealer Operating Requirements Addendum, Dealer Area of Influence Addendum, Dealer Improvement Addendum (if applicable), other facility addenda (if applicable) as identified in Paragraph F, and Communications Guidelines and Graphic Standards are hereby incorporated into and made a part of this Agreement.
This Tenant Improvement Addendum is a part of the Lease dated February 12, 2021, by and between Terreno Park Union City LLC (“Landlord”) and Tenaya Therapeutics, Inc.
Dealer shall review said Addendum with MINI Division representatives at the Retail Business Plan Review, satisfy outstanding obligations under its Improvement Addendum, if applicable, and comply with all reasonable standards established by the MINI Division from time to time relating to Dealer’s MINI Car Operations.