Common use of Cancellation of insurance; increase in insurance rates Clause in Contracts

Cancellation of insurance; increase in insurance rates. Tenant shall not do, bring, or keep anything in or about the Premises that will cause a cancellation of any insurance covering the Tenant's activities hereunder. If the rate of any insurance carried by County is increased as a result of Tenant's use, Tenant shall pay to County within ten (10) days before the date County is obligated to pay a premium on the insurance or within ten (10) days after County delivers to Tenant a certified statement from County's insurance carrier stating that the rate increase was caused by an activity of Tenant at the Premises as permitted in the Lease, whichever date is later, a sum equal to the difference between the original premium and the increased premium.

Appears in 2 contracts

Samples: Airport Hangar Lease, Butler Hangar Lease

AutoNDA by SimpleDocs

Cancellation of insurance; increase in insurance rates. Tenant shall not do, bring, or keep anything in or about the Premises that will cause a cancellation of any insurance covering the Tenant's ’s activities hereunder. If the rate of any insurance carried by County is increased as a result of Tenant's ’s use, Tenant shall pay to County within ten (10) days before the date County is obligated to pay a premium on the insurance or within ten (10) days after County delivers to Tenant a certified statement from County's ’s insurance carrier stating that the rate increase was caused by an activity of Tenant at the Premises as permitted in the Lease, whichever date is later, a sum equal to the difference between the original premium and the increased premium.

Appears in 1 contract

Samples: Lease Agreement

AutoNDA by SimpleDocs

Cancellation of insurance; increase in insurance rates. Tenant shall not do, bring, or keep anything in or about the Premises that will cause a cancellation of any insurance covering the Tenant's activities hereunder. If the rate of any insurance carried by County is increased as a result of Tenant's use, Tenant shall pay to County within ten (10) days before the date the County is obligated to pay a premium on the insurance or within ten (10) days after County delivers to Tenant a certified statement from County's insurance carrier stating that the rate increase was caused by an activity of Tenant at the Premises as permitted in the Lease, whichever date is later, a sum equal to the difference between the original premium and the increased premium.

Appears in 1 contract

Samples: Airport Hangar Lease

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!