Mandatory Modification definition

Mandatory Modification means a modification or addition to any rolling stock vehicle which is required to be made under any applicable Law or any directive of the Rail Safety and Standards Board or any government authority;
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Mandatory Modification means a modification or addition to any rolling
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Mandatory Modification as defined in Section 4.4(d) of the Mortgage.
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Examples of Mandatory Modification in a sentence

  • To the extent the cost of completing or terminating any such Post-Effective Mandatory Modification exceeds $50,000.00, LESSOR shall pay to LESSEE a portion of such excess equal to the following: (LESSEE's Cost - $50,000) x A/240 Where: A = 240 minus the number of months (rounded upward or downward, as the case may be, to the nearest month) from the date the relevant Post-Effective Mandatory Modification was completed or terminated by LESSEE to the Expiration Date.

  • In consideration of Buyer entering into the above-referenced Agreement, B▇▇▇ states that it is its intention to incorporate before delivery of the Aircraft any Mandatory Modification Service Bulletins outstanding on the Aircraft.

  • The provisions of this Letter Agreement will apply to mandatory Airworthiness Directives ("AD"), and resulting service bulletins, issued by the DOT and/or the FAA pursuant to applicable regulations prior to the time of delivery of any Aircraft ("Mandatory Modification Service Bulletins").

  • For any Mandatory Modification Service Bulletin not incorporated on the Delivery Date, as defined in Article 2.0 above, B▇▇▇ shall, subject to the provisions of Article 8.5 of the Agreement, * as defined in the service bulletin, as provided in Article 4 hereof.

  • Lessor's share shall equal the remaining cost and expense of such Mandatory Modification, after subtraction of Lessee's share.


More Definitions of Mandatory Modification

Mandatory Modification is defined in Section 3.04(d) of the Mortgage.
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Mandatory Modification means a modification or addition to any rolling stock vehicle which is required to be made under any applicable Law or any directive of the Rail Safety and Standards Board Limited or any government authority; Marks means such trade marks as the Operator may apply to any Primary Concession Asset or other asset used by it under a Key Contract, which are applied on the expiry of the Concession Period and are not the subject of a Brand Licence;
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Mandatory Modification has the meaning set forth in section 3.3(j) of the Security Agreement.
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Mandatory Modification means any modification required by Clause 14.5.
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Mandatory Modification means a modification or addition to any rolling stock vehicle which is required to be made under any applicable Law or any directive of the Rail Safety and Standards Board or any government authority; MARA has the meaning given to such term in paragraph 2.1 of Schedule 6.3 (The IEP Provisions; Marks means such trade marks as the Franchise Operator may apply to any Primary Franchise Asset or other asset used by it under a Key Contract, which are applied on the expiry of the Franchise Period and are not the subject of a Brand Licence; Minimum Asset Remaining Life means the minimum average length (as a percentage) of Station Assets set out in the Minimum Asset Remaining Life Table;
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Mandatory Modification means any change in a site, facility, unit, process or disposal method, or operation that is required as a result of any new Parish, State or Federal laws and regulations.
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Mandatory Modification means a Modification which is required to be made under any Applicable Laws.
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