Common use of Alteration or Removal Clause in Contracts

Alteration or Removal. Not to remove, demolish or materially alter any Improvement or Fixture unless the Improvement or Fixture is promptly replaced with another Improvement or Fixture of at least equal utility and substantially equivalent value.

Appears in 3 contracts

Sources: Leasehold Mortgage, Assignment of Leases and Rents, Security Agreement, and Fixture Financing Statement, Leasehold Mortgage, Assignment of Leases and Rents, Security Agreement, and Fixture Financing Statement, Mortgage