Major Improvement definition

Major Improvement means a structure erected at the request of the Lessee as a permanent improvement on the Premises that is intended to enhance the value of the Premises or an addition made at the request of the Lessee that increases the size of a building on the Premises or the size of the Premises.

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Major Improvement means with respect to each Premises any change, addition or improvement to such Premises if (A) the cost of such change, addition or improvement exceeds $50,000.00, (B) such change, addition or improvement affects either the exterior of any building or any Building Structure located on such Premises, or (C) such change, addition or improvement has a material affect on any Building System of any building located on such Premises.

Major Improvement means a structure erected at the request of the Lessee as a permanent improvement on the Premises that is intended to enhance the value of the Premises or an addition made at the request of the Lessee that increases the size of a building on the Premises or the size of the Premises. 1(b)(4) Rent will be paid in advance on the first day of each month to Lessor at the address for Lessor set forth in this Lease, or at such other address as Lessor may designate in writing to Lessee. Rent is uniformly apportionable day to day.

Examples of Major Improvement in a sentence

• Upon such transfers, the Major Improvement Area Bond Improvement Account of the Project Fund shall be closed.

• While any Bonds are Outstanding, the County, by agreement with the City, may collect Major Improvement Area Assessment Revenue on the City’s behalf.

• Lessee shall not be required to remove: (1) any Alterations not constituting a Major Improvement, or (2) any Major Improvement as to which Lessor did not advise Lessee at the time Lessor granted its approval to the making thereof that Lessee would be required to remove same.

• For Products that include a Major Improvement, Licensee may notify Licensor of the Major Improvement and where the Parties agree that there has been a Major Improvement the Parties will negotiate in good faith an adjustment to the Running Royalty rate.

• Unless the Alterations covered by the Plans and Specifications constitute a Major Improvement requiring Lessor’s consent pursuant to the proviso in the first sentence of this Paragraph 5, Lessor’s review of the Plans and Specifications shall only be for Lessor’s own information and Lessor’s approval of the Plans and Specifications shall not be required as a pre-condition for the making of the Alterations by Lessee.

More Definitions of Major Improvement

Major Improvement shall have the meaning given in Section 3.1.2(a)(iii).

Major Improvement means all improvements or modifications or adaptations to the Licensed Product which requires completion of a clinical program for its development in order to obtain a marketing authorisation within the Territory and within the Field of Use;

Major Improvement means an improvement that aims at expanding the size of a facility and increasing the number of storage tanks;

Major Improvement means a Licensee Improvement that is a significant redesign (which is either patent protected or maintained as a trade secret) of Products that significantly enhances the salability of the Products, for example one that reduces total installed cost of Products in an array on a building or structure by more than 10% based on the installed cost of initial Products commercialized by Licensee, as determined by the Parties negotiating in good faith.

Major Improvement means a project meeting one or more of the following:

Major Improvement means any capital expenditure related to any General Common Element or any improvement to any General Common Element, which (i) is structural in nature, (ii) restricts access to any portion of the Building, (iii) could have a Central Office Adverse Effect, or (iv) is estimated by the Board to cost in excess of One Hundred Thousand Dollars ($100,000.00).

Major Improvement means all improvements or modifications or adaptations to the Licensed Product by Laxdale which would render the Licensed Product to be considered by the relevant regulatory authority as a new and separate Licensed Product and which (a) obtains it’s own orphan drug designation and (b) requires completion of a clinical program for it’s development in order to obtain a Marketing Authorisation within the Territory To avoid any doubt, the development of Licensed Product within the Field of Use is not a Major Improvement