Common use of Additions to Property Clause in Contracts

Additions to Property. Subject to Section 8.02 hereof, the City, any sublessee and the Manager shall, at their own expense, have the right to make additions, modifications and improvements to the Property. To the extent that the removal of such additions, modifications or improvements would not cause material damage to the Property, such additions, modifications and improvements shall remain the sole property of the City, such sublessee or the Manager, and neither the Authority nor the Trustee shall have any interest therein. Such additions, modifications and improvements shall not in any way cause material damage to the Property or cause it to be used for purposes other than those authorized under the provisions of state and federal law; and the Property, upon completion of any additions, modifications and improvements made pursuant to this Section, shall be of a value which is at least equal to the value of the Property immediately prior to the making of such additions, modifications and improvements.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement

Additions to Property. Subject to Section 8.02 hereof, the City, City and any sublessee and the Manager shall, at their its own expense, have the right to make additions, modifications and improvements to the Property. To the extent that the removal of such additions, modifications or improvements would not cause material damage to the Property, such additions, modifications and improvements shall remain the sole property of the City, City or such sublessee or the Managersublessee, and neither the Authority nor the Trustee shall have any interest therein. Such additions, modifications and improvements shall not in any way cause permanent and material damage to the Property or cause it to be used for purposes other than those authorized under the provisions of state and federal law; and the Property, upon completion of any additions, modifications and improvements made pursuant to this Section, shall be of a value which is at least equal to the value of the Property immediately prior to the making of such additions, modifications and improvements.

Appears in 1 contract

Sources: Lease Agreement