Modifications and Substitutions Sample Clauses

Modifications and Substitutions. (a) Borrower will not make any material alterations, modifications or additions to the Equipment which cannot be removed without materially damaging the functional capabilities or economic value of the Equipment. Upon return of the Equipment to Lender and at the request of Lender, Borrower, at its sole cost and expense, will remove all alterations, modifications and additions and repair the Equipment as necessary to return the Equipment to the condition in which it was furnished, ordinary wear and tear and permitted modifications excepted.
AutoNDA by SimpleDocs
Modifications and Substitutions. (a) The Sub-Lessee shall not, without the prior written consent of the Lessor, make any material alterations, modifications or additions to the Equipment that cannot be removed without materially damaging the functional capabilities or economic value of the Equipment. Upon return of the Equipment to the Lessor in accordance with Section 14.02, and at the request of the Lessor, the Sub-Lessee, at its sole cost and expense, shall remove all alterations, modifications and additions and repair the Equipment as necessary to return the Equipment to the condition in which it was furnished, ordinary wear and tear and permitted modifications excepted.
Modifications and Substitutions. Borrower shall not make any material alterations, modifications or additions to, or substitutions of, the Plans, the Budget, the Project Schedule, or the Collateral without the prior written consent of Lender; provided, however, that any substitutions of Collateral made pursuant to Borrower's obligations to make repairs and replacements referenced under any provision of this Agreement or to dispose of Collateral that has reached the end of its useful life shall not require such prior written consent. Borrower shall provide such documents or assurances as Lender may reasonably request to maintain or confirm the lien in favor of Lender on the Collateral as so altered, modified or substituted.
Modifications and Substitutions. (a) Borrower will not make any material alterations, modifications or additions to the Collateral which cannot be removed without materially damaging the functional capabilities or economic value of the Collateral. Upon return of the Collateral to Lender and at the request of Lender, Borrower, at its sole cost and expense, will remove all alterations, modifications and additions and repair the Collateral as necessary to return the Collateral to the condition in which it was furnished, ordinary wear and tear and permitted modifications excepted.
Modifications and Substitutions. (a) Borrower will not make any material alterations, modifications or additions to the Property which cannot be removed without materially damaging the functional capabilities or economic value of the Property. Upon return of the Property to Lender and at the request of Lender, Borrower, at its sole cost and expense, will remove all alterations, modifications and additions and repair the Property as necessary to return the Property to the condition in which it was furnished, ordinary wear and tear and permitted modifications excepted.
Modifications and Substitutions. Lessee will not make any material alterations, modifications or additions to the Project or the Property without the prior written consent of Bondholder unless required pursuant to Section 7.06 hereof. Lessee shall provide such documents or assurances as Bondholder may reasonably request to maintain or confirm the security interest assigned to Bondholder in the Project and the Property as so modified or substituted.
Modifications and Substitutions. (a) Borrower will not make any material alterations, modifications or additions to the Mortgaged Property, other than in connection with the acquisition and construction of the Project, which cannot be removed without materially damaging the functional capabilities or economic value of the Mortgaged Property. Upon return of the Mortgaged Property, to Lender and at the request of Lender, Borrower, at its sole cost and expense, will remove all alterations, modifications and additions and repair the Mortgaged Property as necessary to return the Mortgaged Property to the condition in which it was furnished, ordinary wear and tear and permitted modifications excepted.
AutoNDA by SimpleDocs
Modifications and Substitutions. 32 Section 8.09. Use of the Equipment.................................................33
Modifications and Substitutions. Except for the improvements to the Property located in Pennsylvania as previously disclosed to Lender, neither Borrower shall make any material alterations, modifications or additions to, or substitutions of, the Real Estate Collateral without the prior written consent of Lender (such consent not to be unreasonably withheld or delayed); provided, however, that any substitutions made pursuant to Borrowers’ obligations to make repairs referenced under any provision of this Agreement shall not require such prior written consent. Borrowers shall provide such documents or assurances as Lender may reasonably request to maintain or confirm the lien in favor of Lender on the Real Estate Collateral as so altered, modified or substituted.
Modifications and Substitutions. (a) Borrower will not make any material alterations, modifications or additions to the Equipment or the Additional Collateral which cannot be removed without materially damaging the functional capabilities or economic value of the Project or the Additional Collateral, as the case may be, unless after making such alterations, modifications or additions the Equipment and Additional Collateral is of equal or greater economic value, utility and useful life. Upon delivery of the Equipment or the Additional Collateral to Lender and at the request of Lender, Borrower, at its sole cost and expense, will remove all alterations, modifications and additions and repair the Equipment as necessary to return the Equipment or the Additional Collateral to the condition in which it was furnished, ordinary wear and tear and permitted modifications excepted.
Time is Money Join Law Insider Premium to draft better contracts faster.