Common use of Costs of Insurance Clause in Contracts

Costs of Insurance. Insurance premiums and any costs or ------------------ expenses with respect to the insurance described in this Article XIII shall be borne by Tenant. Any losses, costs, damages or expenses which fall within the deductible limits or are included within an allowed self-insurance program pursuant to Section 13.5 above shall be borne by Tenant. If Tenant shall fail to pay any premium for any such insurance, or if an Event of Default with respect to any of the provisions of this Article XIII shall occur, Landlord may pay such premium or procure the insurance coverages required by this Article XIII and all amounts paid by Landlord in accordance herewith shall become Additional Rent which is due and payable within five (5) Business Days after such expenditures are made.

Appears in 2 contracts

Samples: Lease Agreement (Red Lion Hotels Inc), Contribution Agreement (Red Lion Hotels Inc)

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Costs of Insurance. Insurance premiums and any costs or ------------------ expenses with respect aspect to the insurance described in this Article XIII 13 shall be borne borne' by Tenant. Any losses, costs, damages or expenses which fall within the deductible limits or are included within an allowed self-insurance program pursuant to Section 13.5 13.05 above shall be borne by Tenant. If Tenant shall fail to pay any premium for any such insurance, or if an Event of Default with respect to any of the provisions of this Article XIII 13 shall occur, Landlord may pay such premium or procure the insurance coverages required by this Article XIII 13 and all amounts paid by Landlord in accordance herewith shall become Additional Rent which is due and payable within five (5) Business Days after such expenditures are made.

Appears in 1 contract

Samples: Lease Agreement (Senior Housing Properties Trust)

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Costs of Insurance. Insurance premiums and any costs or ------------------ expenses with respect to the insurance described in this Article XIII shall be borne by Tenant. Any losses, costs, damages or expenses which fall within the deductible limits or are included within an allowed self-insurance program pursuant to Section 13.5 above shall be borne by Tenant. If Tenant shall fail to pay any premium for any such insurance, or if an Event of Default with respect to any of the provisions of this Article XIII shall occur, Landlord may pay such premium or procure the insurance coverages required by this Article XIII and all amounts paid by Landlord in accordance herewith shall become Additional Rent which is due and payable within five (5) Business Days after such expenditures are made.

Appears in 1 contract

Samples: Lease Agreement (Doubletree Corp)

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