Modification of Units Clause Samples

The "Modification of Units" clause defines the process by which the quantity or configuration of units specified in an agreement can be changed after the contract has been executed. Typically, this clause outlines the conditions under which either party may request an increase or decrease in the number of units to be delivered or serviced, and may specify notice requirements, approval procedures, or limitations on the extent of modifications. Its core practical function is to provide flexibility for both parties to adjust to changing needs or circumstances during the contract term, while ensuring that such changes are managed in an orderly and agreed-upon manner.
Modification of Units. Developer may, in its sole discretion, and without obtaining the consent of any other person whatsoever (including Co-owners and mortgagees of Units), during the Construction and Sales Period, modify the size, boundaries, location, and configuration of Units and/or General or Limited Common Elements appurtenant or geographically proximate to any Units as described in the Condominium Subdivision Plan attached hereto as Exhibit B or any recorded amendment or amendments thereof, subject to the requirements of any governmental authority having jurisdiction over the Project, and further subject to Section 10.1 of this Master Deed. Any modifications by Developer in accordance with the terms of this Section 8.1 shall take effect upon the recordation of an amendment to the Master Deed. In addition, Developer may, in connection with any such amendment, re-adjust percentages of value for all Units to reflect the Unit modifications or Limited Common Element modifications, based upon the method by which percentages of value were originally determined for the Project. All of the Co-owners and mortgagees of Units and all other persons now or hereafter interested in the Project from time to time shall be deemed to have irrevocably and unanimously consented to any amendment or amendments to this Master ▇▇▇▇ recorded by Developer to effectuate the purposes of this Section 8.1 and, subject to the limitations set forth herein, to any proportionate reallocation of percentages of value of existing Units which Developer determines are necessary in conjunction with any such amendments, subject to Article X of this Master ▇▇▇▇. Subject to the foregoing, all such interested persons irrevocably appoint Developer as agent and attorney-in-fact for the purpose of executing such amendments to the Master Deed and all other documents necessary to effectuate the foregoing.
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Modification of Units. The cost, not to exceed $1600.00 per car, of the Structural Modifications and the Emissions Modifications necessary to meet all regulatory requirements, shall include the cost of all parts, including, but not limited to the following: (a) Bumper modifications (If necessary) (b) O.B. II Computer System (c) Emission Vapor Canister (d) Required temperature and pressure sensors (e) Modified speedometer (f) Warning lights and buzzers for seat belts, parking brakes, etc.
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Modification of Units. (A) The owner of any Unit may, at his sole cost and expense, at any time, make any non-structural changes or modifications of the interior of such Unit that are not visible from the exterior, subject to the provisions of this Section 7.3 and Section 9.4 below. (B) No structural change shall be made to any Unit without the prior written approval of the Trustees and shall be subject to the limitations set forth herein and to the boundary limitations set forth above. Any and all work with respect to such modifications shall be done in a good and workmanlike manner pursuant to a building permit duly issued by the Town of Wenham, if required, and pursuant to plans and specifications which have been submitted to and approved by the Trustees. Such approval shall be in accordance with the terms and provisions of the Condominium Trust and Bylaws, including the Rules and Regulations promulgated thereunder, and shall be aesthetically consistent with the character of the Condominium. Such approval shall not be unreasonably withheld or delayed. Such modifications to the Unit are limited to those which would be appurtenant to a single family use as provided in the Town of Wenham Zoning Bylaws and the Permits and Approvals. In connection with any request for approval of proposed modifications, the Trustees may engage, as they deem necessary, an architect and/or engineer to review the plans proposed by the Unit Owner and such architect’s or engineer’s fees shall be paid by the requesting Unit Owner. If the Trustees determine that the plans are consistent with the structural integrity and/or design character of the Condominium, the Trustees may approve the plans with such reasonable conditions as they deem necessary. (C) Any exterior door, exterior door frame, window and window frame being replaced by the Unit Owner shall be of the same design and at least as good quality as the original item. The exterior door, exterior door frame and window frame shall be maintained in good and whole condition by the Unit Owner and shall be painted the same color as the original item. This requirement may only be varied by a vote of the Trustees. (D) Unit owners may not modify their units in a manner that would increase the number of bedrooms within the unit, as that term is defined at 310 CMR 15.002.
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Modification of Units. The Developer, on behalf of itself, its successors and assigns, hereby reserves the right to modify or reconstitute, at any time and from time to time and irrespective of whether the Transition Period has expired, one or more Units owned by Developer or its affiliates without the consent of the Association or any Owner other than those who may be directly affected; provided, however, that the total Assigned Value assigned to the Units so affected will not change even though the same may be reallocated among such changed Units. If Developer makes any changes in Units pursuant to this Section 3.3, such changes will be reflected by an amendment of this Master Deed which will be duly recorded in the Horry County ROD. Such amendment will not require the consent of Owners other than the Developer.
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Related to Modification of Units

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

  • MODIFICATION OF CONTRACT This Contract may be supplemented, amended or modified only by a writing signed by both Parties. No oral conversation, promise or representation by or between any officer or employee of the Parties shall modify any of the terms or conditions of this Contract. COMMISSION shall not be deemed to have approved or consented to any alteration of the terms of this Contract, including its Exhibits, by virtue of COMMISSION’s review and approval of, or failure to object to, contracts or other business transactions entered into by CONTRACTOR.

  • Modification of the Agreement Notwithstanding any of the provisions of this Agreement, the parties may agree to amend this Agreement. No alteration or variation of the terms of this Agreement shall be valid unless made in writing and signed by the parties hereto. No oral understanding or agreement not incorporated herein shall be binding on any of the parties hereto.

  • MODIFICATION OF NOTE 3.1 From and after the Effective Date, the provision in the Note captioned "Promise to Pay" is hereby amended as follows: The date on which the entire balance of unpaid principal plus accrued interest shall be due and payable immediately is hereby changed from March 31, 2010 to March 31, 2012. 3.2 Each of the Related Documents is modified to provide that it shall be a default or an event of default thereunder if the Borrower shall fail to comply with any of the covenants of the Borrower herein or if any representation or warranty by the Borrower herein or by any guarantor in any Related Documents is materially incomplete, incorrect, or misleading as of the date hereof. As used in this agreement, the "Related Documents" shall include the Note and all applications for letters of credit, loan agreements, credit agreements, reimbursement agreements, security agreements, mortgages, deeds of trust, pledge agreements, assignments, guaranties, or any other instrument or document executed in connection with the Note or in connection with any other obligations of the Borrower to the Bank. 3.3 Each reference in the Related Documents to any of the Related Documents shall be a reference to such document as modified by this agreement.

  • Modification of Services Credit Union reserves the right to modify the Service from time to time without making prior notice to Member, provided, however, that Credit Union will give you at least thirty (30) days notice prior to making any modifications to the Service that would materially alter their functionality.