Actions of the face monoid associated to a Kac-Moody group on its   building
  We described in [M1] a monoid acting on the integrable highest weight modules of a symmetrizable Kac-Moody algebra. It has similar structural properties as a reductive algebraic monoid with unit group a Kac-Moody group. Now we find natural extensions of the action of the Kac-Moody group on its building to actions of this monoid. These extensions are partly motivated by representation theory and the combinatorics of the faces of the Tits cone. 
Claus Mokler