Additions and Improvements Clause Samples

Additions and Improvements. The Borrower shall have the privilege of making additions, modifications, and improvements to the sites of the Project, and to the Project itself from time to time provided that the additions, modifications, and improvements do not impair the operation or objectives of the Project. The Borrower shall pay the cost of such additions, modifications, and improvements and the same shall be the property of the Borrower and shall be included under the terms of this Assistance Agreement as part of the site of the Project, or the Project, as the case may be. Nothing herein contained shall be construed as precluding the Authority and the Borrower from entering into one or more supplementary Assistance Agreements providing for a reallocation, an increase in the Loan, or an additional Loan or Loans in respect of additional Projects undertaken by the Borrower.

Additions and Improvements. ‌ The Governmental Agency shall have the privilege of making additions, modifications and improvements to the sites of the Project, and to the Project itself from time to time provided that said additions, modifications and improvements do not impair the operation or objectives of the Project. The cost of such additions, modifications and improvements shall be paid by the Governmental Agency, and the same shall be the property of the Governmental Agency and shall be included under the terms of this Assistance Agreement as part of the site of the Project, or the Project, as the case may be. Nothing herein contained shall be construed as precluding the Authority and the Governmental Agency from entering into one or more supplementary Assistance Agreements providing for an additional Loan or Loans in respect of additional Projects undertaken by the Governmental Agency.

Additions and Improvements. Incur directly or indirectly or allow its subsidiaries to incur any expenditure or enter into contracts for expenditures for additions and improvements to Borrower’s or Subsidiary’s assets, in a sum exceeding $250,000.00 individually and no more than $750,000.00 in the aggregate.

Additions and Improvements. Tenant shall not create any openings in any roof or exterior walls, nor make any alterations, additions, or improvements to the leased premises without the prior written consent of Owner. Consent for nonstructural alterations, additions or improvements shall not be unreasonably withheld by Owner. Tenant shall have the right at all times to erect or install trade fixtures, provided that Tenant complies with all applicable governmental laws, ordinances and regulations. All alterations, additions, or improvements made by Tenant shall become the property of Owner at the termination of this Lease; however, the Tenant shall promptly remove, if Owner so elects, all alterations, additions, and improvements, and any other property placed in the premises by Tenant, and Tenant shall repair any damage caused by such removal.

Additions and Improvements. Tenant shall not make any alterations, additions, or improvements to the Premises without Landlord's prior written consent. Landlord may require Tenant to provide demolition and/or lien and completion bonds in form and amount satisfactory to Landlord. Tenant shall promptly remove any alterations, additions, or improvements constructed in violation of this Section 9(f) upon Landlord’s written request. All alterations, additions, and improvements shall be done in a good and workmanlike manner, in conformity with all applicable laws and regulations, and by a contractor reasonably approved by Landlord. Upon completion of any such work, Tenant shall provide Landlord with "as built" plans, copies of all construction contracts, and proof of payment for all labor and materials. Tenant shall pay when due all claims for labor and material furnished to the Premises. Tenant shall give Landlord at least twenty (20) days' prior written notice of the commencement of any work on the Premises, regardless of whether Landlord's consent to such work is required.

Additions and Improvements. No substantial portion of any improvement on the subject property shall be demolished or removed by LESSEE without the prior written consent of COUNTY. If necessary or appropriate, the LESSEE may at any time during the lease term, subject to the conditions set forth below and at its own expense, make alterations, additions, or improvements in and to the subject property and the buildings. Alterations shall be performed in a workmanlike manner and shall not weaken or impair the structural strength, or lessen the value, of any improvements on the premises. Conditions with respect to alterations, additions, or improvements are as follows: Before the commencement of any work with an estimated cost of $5000.00 or more, all plans and specifications shall be submitted to the COUNTY for written approval by the Director of the COUNTY'S Facilities and Solid Waste Department. The LESSEE shall also obtain separate and independent approval from all governmental departments or authorities having regulatory authority over that construction and any public utility company having an interest therein. All work shall be performed in accordance with the requirements of all applicable regulations. For construction with an estimated cost of $5000.00 or more, the LESSEE shall obtain both a payment bond and a performance bond in the full amount of the contract prior to the commencement of construction work on the subject property. These bonds shall be in the form required for public building construction by the provisions of Chapter 2, Title 34 of the Arizona revised Statutes. All alterations, additions, and improvements on or in the subject property at the commencement of the term, and that may be erected or installed during the term, shall become part of the subject property and the sole property of COUNTY, except that all moveable trade fixtures installed by LESSEE shall be and remain the property of LESSEE.

Additions and Improvements. The Owner may not alter, add to or improve the Premises save with with the prior notification and consent of the Agent, which shall not be unreasonably withheld. Such consent must be given in writing within 7 (seven) days of receipt of any plan or proposal of such alterations, additions or improvements from the Owner. The Owner may not perform any major renovations to the Property without providing the Agent with at least 2 month’s written notice.

Additions and Improvements. Tenant shall not make any alterations, changes, additions or improvements to the demised premises without Landlord's written consent, and all alterations, changes, additions or improvements, whether with or without permission and made by either of the parties hereto upon the demised premises, (and except movable office furniture and trade fixtures put in at the expense of Tenant), shall at Landlord's election at the end of the term shall become the property of Landlord and shall remain upon and be surrendered with the demised premises upon the expiration of this Lease, or any sooner termination thereof. If Landlord shall so elect, then such alterations, changes, additions or improvements made by Tenant upon the demised premises, as Landlord shall select (such election may be ad hoc), shall be removed by Tenant and Tenant shall restore the demised premises to the original condition thereof at its own cost and expense within thirty (30) days after notice from Landlord of such election, such notice to be given not later than twenty (20) days following expiration of the term of this Lease. The movable furniture and trade fixtures of Tenant, however, shall remain Tenant's property at all times and shall be removed at the termination of this Lease, any damage to the premises in the course of such removal to be repaired by Tenant at Tenant's own cost and expense. MECHANIC'S LIENS

Additions and Improvements. Any parts installed or replacements made by Lessee upon any Unit of Equipment pursuant to additions, improvements or pursuant to Lessee's obligation to maintain and keep the Equipment in good order, condition and repair under this Article VIII shall in either case be considered accessions to such Unit of Equipment and title thereto immediately shall be vested in Lessor without cost or expense to Lessor. Lessee shall make no other additions or improvements to any Unit of Equipment unless the same are readily removable without causing damage to such Unit of Equipment, and provided that such additions, modifications and improvements do not diminish the condition, Fair Market Sales Value, utility, remaining useful life or expected residual value of such Unit of Equipment. Title to any such readily removable additions or improvements shall remain with Lessee. If Lessee shall at its cost cause such readily removable additions or improvements to be made to any Unit of Equipment, then, prior to the return of such Unit of Equipment to Lessor hereunder of the delivery of such Unit to a third party purchaser of such Unit, Lessee shall notify Lessor whether it intends to remove such readily removable additions and improvements and, thereafter, Lessee shall remove the same at its own expense without causing any damage to such Unit of Equipment; provided, however, that Lessor may, by delivery of written notice to Lessee prior to any such removal, elect to purchase any such readily removable additions for a price equal to the Fair Market Sales Value thereof. In the event that such removal causes damage to the applicable Unit of Equipment, Lessee shall promptly repair any such damage prior to the return of the Unit of Equipment to the Lessor or to such third-party purchaser. Title to any readily removable addition or improvement which has not been so removed by Lessee from any Unit of Equipment when such Unit is returned to Lessor pursuant to this Lease or delivered to a third party purchaser of such Unit shall thereupon be vested in Lessor or such purchaser.