Permitted Alterations definition

Permitted Alterations means any one of the following: [i] Alterations approved by Landlord; [ii] Alterations required under Section 7.2; [iii] Alterations having a total cost of less than $25,000.00; or [iv] repairs, rebuilding and restoration required or undertaken pursuant to Section 9.4.

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Permitted Alterations shall have the meaning set forth in the Mortgage Loan Agreement.

Permitted Alterations is defined in Section 11.1.

Examples of Permitted Alterations in a sentence

• Tenant shall not be required or permitted to remove any Permitted Alterations.

• If Tenant makes any Permitted Alterations (as hereinafter defined) to the Leased Property, Landlord may have such full replacement value redetermined at any time after such Permitted Alterations are made, regardless of when the full replacement value was last determined.

• The Permitted Alterations shall become a part of the Leased Property, owned by Landlord, and leased to Tenant subject to the terms and conditions of this Lease.

• Except for [i] Permitted Alterations; [ii] normal and reasonable wear and tear (subject to the obligation of Tenant to maintain the Leased Property in good order and repair during the Term); and [iii] damage and destruction not required to be repaired by Tenant, Tenant shall surrender and deliver up the Leased Property at the expiration or termination of the Term in as good order and condition as of the Commencement Date.

• If Tenant makes any Permitted Alterations (as hereinafter defined) to the Leased Property, Landlord may have such full replacement cost redetermined at any time after such Permitted Alterations are made, regardless of when the full replacement cost was last determined.

More Definitions of Permitted Alterations

Permitted Alterations means only cosmetic Alterations (such as commercially reasonable paint, flooring/carpeting and window covers/treatments that do not require a building permit or cost in excess of $25,000 in any calendar year) and customary maintenance and repairs of the Premises and Leasehold Improvements if and to the extent that such maintenance and repairs: (A) are of a type and extent which are customarily permitted to be made without consent by landlords acting consistently with Institutional Owner Practices leasing similar space for similar uses to similar tenants, (B) are in compliance with the Rules and Regulations, and (C) will not affect the Building Structure, or any Building Systems, or adversely affect the provision of services to other Building or Project tenants.

Permitted Alterations means Alterations that do not consist solely of Decorative Alterations and that (i) are non-structural, (ii) do not materially and adversely affect any Base Building Systems, (iii) affect only the Premises and are not visible from outside of the Premises, and (iv) do not affect the certificate of occupancy issued for the Building or the Premises.

Permitted Alterations shall have the meaning given to it in Section 10.1 hereof.

Permitted Alterations means only usual and customary maintenance and repairs of Leasehold Improvements if and to the extent that such maintenance and repairs: (A) are of a type and extent which are customarily permitted to be made without consent by landlords acting consistently with Institutional Owner Practices leasing similar space for similar uses to similar tenants, (B) are in compliance with the Rules and Regulations and all applicable Laws, (C) are not Major Alterations, and (D) do not cost more than Fifty Thousand and 00/100 Dollars ($50,000.00) in each instance.

Permitted Alterations means any of the following Alterations: (a) the remediation of any Deferred Maintenance Condition in accordance with this Agreement, (b) non-structural or decorative work performed in the ordinary course, (c) Tenant Improvements under and pursuant to Leases existing as of the Closing Date (pursuant to the terms thereof in existence as of the Closing Date), Tenant Improvements in anticipation of entering into Leases for vacant space and/or Tenant Improvements under and pursuant to Leases thereafter entered into in accordance with this Agreement, (d) restoration of a Property following a Casualty or Condemnation in accordance with this Agreement, (e) Alterations required for life/safety purposes or required to comply with applicable Legal Requirements, (f) repairs required under the Loan Documents or under any Ground Lease or reciprocal easement agreement encumbering a Property, (g) any installation or any other addition of antenna or solar panels at a Property and (h) the Air Handler Work.

Permitted Alterations. As defined in Section 6.1.

Permitted Alterations shall have the meaning given to such term in Section 9.1.