Common use of Cost of Landlord’s Insurance Clause in Contracts

Cost of Landlord’s Insurance. Tenant shall pay Tenant's Proportionate Share of the cost of the property and liability insurance carried by Landlord from time to time with respect to the Building (including other improvements and Landlord's personal property used in connection therewith), which may include fire and extended coverage insurance (including extended and broad form coverage risks, mudslide, land subsidence, volcanic eruption, flood, earthquake and rent loss insurance) and comprehensive general public liability insurance and excess liability insurance, in such amounts and containing such terms as Landlord deems necessary or desirable (collectively, "INSURANCE COSTS"). During each month of the Term, Tenant shall make a monthly payment to Landlord equal to 1/12th of Tenant's Proportionate Share of Insurance Costs that will be due and payable for that particular year. Each payment of Insurance Costs shall be due and payable at the same time as, and in the same manner as, provided above for Tenant's Proportionate Share of Operating Costs. The initial monthly payment of Insurance Costs is based upon Landlord's good faith estimate of Tenant's Proportionate Share of the estimated Insurance Costs for the remainder of the first calendar year. The monthly payment of Insurance Costs is subject to increase or decrease as determined by Landlord to reflect accurately Tenant's Proportionate Share of estimated Insurance Costs. If, following Landlord's receipt of the xxxx for the insurance premiums for a calendar year, Landlord determines that Tenant's total payments of Insurance Costs are less than Tenant's Proportionate Share of actual Insurance Costs, Tenant shall pay to Landlord the difference upon demand; if Tenant's total payments of Insurance Costs are more than Tenant's Proportionate Share of actual Insurance Costs, Landlord shall retain such excess and credit it to Tenant's future payments of Insurance Costs (unless such adjustment is at the end of the Term, in which event Landlord shall refund such excess to Tenant).

Appears in 2 contracts

Samples: Lease Agreement (Airvana Inc), Lease Agreement (Airvana Inc)

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Cost of Landlord’s Insurance. Tenant shall pay Tenant's ’s Proportionate Share of the cost of the property and liability insurance carried by Landlord from time to time with respect to the Building (including other improvements and Landlord's ’s personal property used in connection therewith), which may include fire and extended coverage insurance (including extended and broad form coverage risks, mudslide, land subsidence, volcanic eruption, flood, earthquake and rent loss insurance) and comprehensive general public liability insurance and excess liability insurance, in such amounts and containing such terms as Landlord deems necessary or desirable (collectively, "INSURANCE COSTS"“Insurance Costs”). During each month beginning on December 1, 2022, and continuing until expiration of the Term, Tenant shall make a monthly payment to Landlord equal to 1/12th of Tenant's ’s Proportionate Share of Insurance Costs that will be due and payable for that particular year. Each payment of Insurance Costs shall be due and payable at the same time as, and in the same manner as, provided above for Tenant's ’s Proportionate Share of Operating Costs. The initial monthly payment of Insurance Costs is based upon Landlord's Lxxxxxxx’s good faith estimate of Tenant's Txxxxx’s Proportionate Share of the estimated Insurance Costs for the remainder of the first calendar year. The monthly payment of Insurance Costs is subject to increase or decrease as determined by Landlord to reflect accurately Tenant's ’s Proportionate Share of estimated Insurance Costs. If, following Landlord's Lxxxxxxx’s receipt of the xxxx bill for the insurance premiums for a calendar year, Landlord determines that Tenant's ’s total payments of Insurance Costs are less than Tenant's ’s Proportionate Share of actual Insurance Costs, Tenant shall pay to Landlord the difference upon demand; if Tenant's ’s total payments of Insurance Costs are more than Tenant's ’s Proportionate Share of actual Insurance Costs, Landlord shall retain such excess and credit it to Tenant's ’s future payments of Insurance Costs (unless such adjustment is at the end of the Term, in which event Landlord shall refund such excess to Tenant). Notwithstanding anything contained herein to the contrary, at any time during the Term, Tenant shall have the right to audit or otherwise review Landlord’s records with respect to the actual Insurance Costs for each year, in accordance with the terms of Section 4(b)(4).

Appears in 1 contract

Samples: Lease Agreement (Polarityte, Inc.)

Cost of Landlord’s Insurance. Tenant shall pay Tenant's ’s Proportionate Share of the cost of the property and liability insurance insurance, including any deductibles, carried by Landlord from time to time with respect to the Building Premises (including other improvements and Landlord's ’s personal property used in connection therewith), which may include fire and extended coverage insurance (including extended and broad form coverage risks, mudslide, land subsidence, volcanic eruption, flood, earthquake earthquake, terrorism and rent loss insurance) and comprehensive general public liability insurance and excess liability insurance, in such amounts and containing such terms as Landlord deems necessary or desirable (collectively, "INSURANCE COSTS"“Insurance Costs”). During each month of the Term, Tenant shall make a monthly payment to Landlord equal to 1/12th of Tenant's ’s Proportionate Share of Insurance Costs that will be due and payable for that particular year. Each payment of Insurance Costs shall be due and payable at the same time as, and in the same manner as, provided above for Tenant's Proportionate Share of Operating CostsBasic Rent. The initial monthly payment of Insurance Costs is based upon Landlord's ’s good faith estimate of Tenant's ’s Proportionate Share of the estimated Insurance Costs for the remainder of the first calendar year. The monthly payment of Insurance Costs is subject to increase or decrease as determined by Landlord to reflect accurately Tenant's ’s Proportionate Share of estimated Insurance Costs. If, following Landlord's ’s receipt of the xxxx for the insurance premiums for a calendar year, Landlord determines that Tenant's ’s total payments of Insurance Costs are less than Tenant's ’s Proportionate Share of actual Insurance Costs, Tenant shall pay to Landlord the difference upon demand; if Tenant's ’s total payments of Insurance Costs are more than Tenant's ’s Proportionate Share of actual Insurance Costs, Landlord shall retain such excess and credit it to Tenant's ’s future payments of Insurance Costs (unless such adjustment is at the end of the Term, in which event Landlord shall refund such excess to Tenant).

Appears in 1 contract

Samples: Lease Agreement (Intermolecular Inc)

Cost of Landlord’s Insurance. Tenant shall pay Tenant's ’s Proportionate Share of the cost of the property and liability insurance carried by Landlord from time to time with respect to the Building (including other improvements and Landlord's ’s personal property used in connection therewith), which may include fire and extended coverage insurance (including extended and broad form coverage risks, mudslide, land subsidence, volcanic eruption, flood, earthquake and rent loss insurance) and comprehensive general public liability insurance and excess liability insurance, in such amounts and containing such terms as Landlord deems necessary or desirable (collectively, "INSURANCE COSTS"“Insurance Costs”). During each month of the Term, Tenant shall make a monthly payment to Landlord equal to 1/12th of Tenant's ’s Proportionate Share of Insurance Costs that will be due and payable for that particular year. Each payment of Insurance Costs shall be due and payable at the same time as, and in the same manner as, provided above for Tenant's ’s Proportionate Share of Operating Costs. The initial monthly payment of Insurance Costs is based upon Landlord's ’s good faith estimate of Tenant's ’s Proportionate Share of the estimated Insurance Costs for the remainder of the first calendar year. The monthly payment of Insurance Costs is subject to increase or decrease as determined by Landlord to reflect accurately Tenant's ’s Proportionate Share of estimated Insurance Costs. If, following Landlord's ’s receipt of the xxxx bxxx for the insurance premiums for a calendar year, Landlord determines that Tenant's ’s total payments of Insurance Costs are less than Tenant's ’s Proportionate Share of actual Insurance Costs, Tenant shall pay to Landlord the difference upon demand; if Tenant's ’s total payments of Insurance Costs are more than Tenant's ’s Proportionate Share of actual Insurance Costs, Landlord shall retain such excess and credit it to Tenant's ’s future payments of Insurance Costs (unless such adjustment is at the end of the Term, in which event Landlord shall refund such excess to Tenant). Notwithstanding anything contained herein to the contrary, at any time during the Term, Tenant shall have the right to audit or otherwise review Landlord’s records with respect to the actual Insurance Costs for each year, in accordance with the terms of Section 4(b)(4).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Polarityte, Inc.)

Cost of Landlord’s Insurance. Tenant shall pay Tenant's ’s Proportionate Share of the cost of the property property, including any commercially reasonable deductibles, and liability insurance carried by Landlord from time to time with respect to the Building Premises (including other improvements and Landlord's ’s personal property used in connection therewith), which may include fire and extended coverage insurance (including extended and broad form coverage risks, mudslide, land subsidence, volcanic eruption, flood, earthquake earthquake, terrorism and rent loss insurance) and comprehensive general public liability insurance and excess liability insurance, in such amounts and containing such terms as Landlord deems necessary or desirable (collectively, "INSURANCE COSTS"“Insurance Costs”). During each month of the Term, Tenant shall make a monthly payment to Landlord equal to 1/12th of Tenant's ’s Proportionate Share of Insurance Costs that will be due and payable for that particular year. Each payment of Insurance Costs shall be due and payable at the same time as, and in the same manner as, provided above for Tenant's Proportionate Share of Operating CostsBasic Rent. The initial monthly payment of Insurance Costs is based upon Landlord's ’s good faith estimate of Tenant's ’s Proportionate Share of the estimated Insurance Costs for the remainder of the first calendar year. The monthly payment of Insurance Costs is subject to increase or decrease as determined by Landlord to reflect accurately Tenant's ’s Proportionate Share of estimated Insurance Costs. If, following Landlord's ’s receipt of the xxxx for the insurance premiums for a calendar year, Landlord determines that Tenant's ’s total payments of Insurance Costs are less than Tenant's ’s Proportionate Share of actual Insurance Costs, Tenant shall pay to Landlord the difference upon demand; if Tenant's ’s total payments of Insurance Costs are more than Tenant's ’s Proportionate Share of actual Insurance Costs, Landlord shall retain such excess and credit it to Tenant's ’s future payments of Insurance Costs (unless such adjustment is at the end of the Term, in which event Landlord shall refund such excess to Tenant).

Appears in 1 contract

Samples: Lease Agreement (ARYx Therapeutics, Inc.)

Cost of Landlord’s Insurance. Tenant shall pay Tenant's Proportionate Share of the cost of the any property and liability insurance carried by Landlord from time to time with respect to the Building (including other improvements and Landlord's personal property used in connection therewith), which may include fire and extended coverage insurance (including extended and broad form coverage risks, mudslide, land subsidence, volcanic eruption, flood, earthquake and rent loss insurance) and comprehensive general public liability insurance and excess liability insurance, in such amounts and containing such terms as Landlord deems necessary or desirable and any other insurance that Tenant declines to carry or that Landlord's Mortgagee (defined below) requires Landlord to maintain (collectively, "INSURANCE COSTS"). During each month of the Term, Tenant shall make a monthly payment to Landlord equal to 1/12th of Tenant's Proportionate Share of Insurance Costs that will be due and payable for that particular year. Each payment of Insurance Costs shall be due and payable at the same time as, and in the same manner as, provided above for Tenant's Proportionate Share of Operating Costs. The initial monthly payment of Insurance Costs is based upon Landlord's good faith estimate of Tenant's Proportionate Share of the estimated Insurance Costs for the remainder of the first calendar year. The monthly payment of Insurance Costs is subject to increase or decrease as determined by Landlord to reflect accurately Tenant's Proportionate Share of estimated Insurance Costs. If, following Landlord's receipt of the xxxx bill for the insurance premiums for a calendar year, Landlord determines determxxxx that Tenant's total payments of Insurance Costs are less than Tenant's Proportionate Share of actual Insurance Costs, Tenant shall pay to Landlord the difference upon demand; if Tenant's total payments of Insurance Costs are more than Tenant's Proportionate Share of actual Insurance Costs, Landlord shall retain such excess and credit it to Tenant's future payments of Insurance Costs (unless such adjustment is at the end of the Term, in which event Landlord shall refund such excess to Tenant). Landlord's reasonable estimate of Insurance Costs for calendar year 2001 is approximately $7,000; however, Landlord and Tenant agree that such figure shall not be interpreted as the maximum amount which may be charged to Tenant for Insurance Costs.

Appears in 1 contract

Samples: Lease Agreement (Aviall Inc)

Cost of Landlord’s Insurance. Tenant shall pay Tenant's Proportionate Share of the cost of the property and liability insurance carried by Landlord from time to time with respect to the Building (including other improvements and Landlord's personal property used in connection therewith), which may include fire and extended coverage insurance (including extended and broad form coverage risks, mudslide, land subsidence, volcanic eruption, flood, earthquake and rent loss insurance) and comprehensive general public liability insurance and excess liability insurance, in such amounts and containing such terms as Landlord deems necessary or desirable (collectively, "INSURANCE COSTSInsurance Costs"). During each month of the Term, Tenant shall make a monthly payment to Landlord equal to 1/12th of Tenant's Proportionate Share of Insurance Costs that will be due and payable for that particular year. Each payment of Insurance Costs shall be due and payable at the same time as, and in the same manner as, provided above for Tenant's Proportionate Share of Operating Costs. The initial monthly payment of Insurance Costs is based upon Landlord's good faith estimate of Tenant's Proportionate Share of the estimated Insurance Costs for the remainder of the first calendar year. The monthly payment of Insurance Costs is subject to increase or decrease as determined by Landlord to reflect accurately Tenant's Proportionate Share of estimated Insurance Costs. If, following Landlord's receipt of the xxxx for the insurance premiums for a calendar year, Landlord determines that Tenant's total payments of Insurance Costs are less than Tenant's Proportionate Share of actual Insurance Costs, Tenant shall pay to Landlord the difference upon demand; if Tenant's total payments of Insurance Costs are more than Tenant's Proportionate Share of actual Insurance Costs, Landlord shall retain such excess and credit it to Tenant's future payments of Insurance Costs (unless such adjustment is at the end of the Term, in which event Landlord shall refund such excess to Tenant).

Appears in 1 contract

Samples: Lease Agreement (Luvu Brands, Inc.)

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Cost of Landlord’s Insurance. Tenant shall pay Tenant's ’s Proportionate Share of the cost of the property property, including any deductibles, and liability insurance carried by Landlord from time to time with respect to the Building Premises (including other improvements and Landlord's ’s personal property used in connection therewith), which may include fire and extended coverage insurance (including extended and broad form coverage risks, mudslide, land subsidence, volcanic eruption, flood, earthquake earthquake, terrorism and rent loss insurance) and comprehensive general public liability insurance and excess liability insurance, in such amounts and containing such terms as Landlord deems necessary or desirable (collectively, "INSURANCE COSTS"“Insurance Costs”). Insurance costs shall include the costs of administering Landlord’s insurance program. During each month of the Term, Tenant shall make a monthly payment to Landlord equal to 1/12th of Tenant's ’s Proportionate Share of Insurance Costs that will be due and payable for that particular year. Each payment of Insurance Costs shall be due and payable at the same time as, and in the same manner as, provided above for Tenant's Proportionate Share of Operating CostsBasic Rent. The initial monthly payment of Insurance Costs is based upon Landlord's ’s good faith estimate of Tenant's ’s Proportionate Share of the estimated Insurance Costs for the remainder of the first calendar year. The monthly payment of Insurance Costs is subject to increase or decrease as determined by Landlord to reflect accurately Tenant's ’s Proportionate Share of estimated Insurance Costs. If, following Landlord's ’s receipt of the xxxx for the insurance premiums for a calendar year, Landlord determines that Tenant's ’s total payments of Insurance Costs are less than Tenant's ’s Proportionate Share of actual Insurance Costs, Tenant shall pay to Landlord the difference upon demand; if Tenant's ’s total payments of Insurance Costs are more than Tenant's ’s Proportionate Share of actual Insurance Costs, Landlord shall retain such excess and credit it to Tenant's ’s future payments of Insurance Costs (unless such adjustment is at the end of the Term, in which event Landlord shall refund such excess to Tenant).. Lease Agreement (Triple Net) – 0000 Xxxxxxxxxx Xxxxxx, Xxxxxxxx, Xxxxxxxxxx

Appears in 1 contract

Samples: Lease Agreement (Solyndra, Inc.)

Cost of Landlord’s Insurance. Tenant shall pay Tenant's ’s Proportionate Share of the cost of the property and liability insurance carried by Landlord pursuant to Section 12(b) from time to time with respect to the Building (including other improvements and Landlord's ’s personal property used in connection therewith), . which may include fire and extended coverage insurance (including extended and broad form coverage risks, mudslide, land subsidence, volcanic eruption, flood, earthquake and rent loss insurance) and comprehensive commercial general public liability insurance and excess liability insurance, in such amounts and containing such terms as Landlord deems necessary or desirable (collectively, "INSURANCE COSTS". “insurance Costs”). During each month of the Term, . Tenant shall make a monthly payment to Landlord equal to 1/12th l/12th of Tenant's ’s Proportionate Share of Insurance Costs that will be due and payable for that particular year. year Each payment of Insurance Costs shall be due and payable at the same time as, . and in the same manner as, . provided above for Tenant's ’s Proportionate Share of Operating Costs. The initial monthly payment of Insurance Costs is based upon Landlord's landlord’s good faith estimate of Tenant's Xxxxxx’s Proportionate Share of the estimated Insurance Costs for the remainder of the first calendar year. The monthly payment of o’ Insurance Costs is subject to increase or decrease as determined by Landlord to reflect accurately Tenant's ’s Proportionate Share of estimated Insurance Costs. If, . following Landlord's Xxxxxxxx’s receipt of the xxxx bill for the insurance premiums for a calendar year, . Landlord determines that Tenant's Xxxxxx’s total payments of Insurance Costs are less than Tenant's ’s Proportionate Share of actual Insurance Costs, . Tenant shall pay to Landlord the difference upon demand; : if Tenant's Tenants total payments of Insurance Costs are more than Tenant's ’s Proportionate Share of actual Insurance Costs, . Landlord shall retain such excess and credit it to Tenant's ’s future payments of Insurance Costs (unless such adjustment is at the end of the Term, . in which event Landlord shall refund such excess to Tenant).

Appears in 1 contract

Samples: Lease Agreement (Orthofix Medical Inc.)

Cost of Landlord’s Insurance. Tenant shall pay Tenant's ’s Proportionate Share of the cost of the property and liability insurance carried by Landlord from time to time with respect to the Building (including other improvements and Landlord's ’s personal property used in connection therewith), which may include fire and extended coverage insurance (including extended and broad form coverage risks, mudslide, land subsidence, volcanic eruption, flood, earthquake and rent loss insurance) and comprehensive general public liability insurance and excess liability insurance, in such amounts and containing such terms as Landlord deems necessary or desirable (collectively, "INSURANCE COSTS"“Insurance Costs”). During each month beginning on the Lease Date and continuing until expiration of the Term, Tenant shall make a monthly payment to Landlord equal to 1/12th of Tenant's ’s Proportionate Share of Insurance Costs that will be due and payable for that particular year. Each payment of Insurance Costs shall be due and payable at the same time as, and in the same manner as, provided above for Tenant's ’s Proportionate Share of Operating Costs. The initial monthly payment of Insurance Costs is based upon Landlord's Lxxxxxxx’s good faith estimate of Tenant's Txxxxx’s Proportionate Share of the estimated Insurance Costs for the remainder of the first calendar year. The monthly payment of Insurance Costs is subject to increase or decrease as determined by Landlord to reflect accurately Tenant's ’s Proportionate Share of estimated Insurance Costs. If, following Landlord's Lxxxxxxx’s receipt of the xxxx bill for the insurance premiums for a calendar year, Landlord determines that Tenant's ’s total payments of Insurance Costs are less than Tenant's ’s Proportionate Share of actual Insurance Costs, Tenant shall pay to Landlord the difference upon demand; if Tenant's ’s total payments of Insurance Costs are more than Tenant's ’s Proportionate Share of actual Insurance Costs, Landlord shall retain such excess and credit it to Tenant's ’s future payments of Insurance Costs (unless such adjustment is at the end of the Term, in which event Landlord shall refund such excess to Tenant). Notwithstanding anything contained herein to the contrary, at any time during the Term, Tenant shall have the right to audit or otherwise review Landlord’s records with respect to the actual Insurance Costs for each year, in accordance with the terms of Section 4(b)(4).

Appears in 1 contract

Samples: Purchase and Sale Agreement (Polarityte, Inc.)

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