Common use of Delivery of Policies, etc Clause in Contracts

Delivery of Policies, etc. Tenant will deliver, or cause to be delivered, to Landlord, no later than 30 days prior to the expiration of any policy, a binder or certificate of the insurer evidencing the replacement thereof and not later than 15 days prior to the expiration of such policy, (a) at the written request of Landlord, the original or true copies of all policies evidencing all insurance required to be maintained under this Article 8 together with certificates of insurance and a letter from an insurance broker or agent satisfactory to Landlord to the effect that the insurance policies maintained by Tenant comply with the terms of this Lease, and (b) at the written request of Landlord, evidence as to the payment of all premiums due thereon (with respect to public liability insurance policies, all installments for the current year due thereon to such date), provided that Landlord shall not be deemed by reason of its custody of such policies to have knowledge of the contents thereof. Tenant will also deliver to Landlord, promptly upon written request, a certificate of a principal of Tenant certifying that such policies comply with the requirements of this Section, that all premiums due thereon have been paid and that the same are in full force and effect. In the event Tenant shall fail to effect or maintain any insurance required to be effected or maintained pursuant to the provisions of this Article 8, Landlord shall have the right, but not the obligation, to obtain any such insurance and any reasonable amount expended by Landlord shall be deemed Additional Rent under this Lease and shall immediately be due and payable by Tenant within five (5) days after delivery to Tenant of a bill therefor, and same shall be without prejudice to Landlord'x xxghts and remedies in respect of such default.

Appears in 1 contract

Samples: Lease Agreement (Access Integrated Technologies Inc)

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Delivery of Policies, etc. Tenant Mortgagor will deliverdeliver to Mortgagee, or cause to be delivered, to Landlord, no later than 30 days prior to the expiration of any policy, a binder or certificate of the insurer evidencing the replacement thereof and not later than 15 days prior to the expiration of such policypromptly upon request, (a) at the written request of Landlord, the original or true copies duplicate originals of all policies evidencing all insurance required to be maintained under this Article 8 section 3.1.1 (or, in the case of blanket policies, certificates thereof by the insurers together with certificates a counterpart of insurance and a letter from an insurance broker or agent satisfactory to Landlord to the effect that the insurance policies maintained by Tenant comply with the terms of this Leaseeach blanket policy), and (b) at the written request of Landlord, evidence as to the payment of all premiums due thereon (with respect to public liability insurance policies, all installments for the current year due thereon to such date), provided that Landlord Mortgagee shall not be deemed by reason of its their custody of such policies to have knowledge of the contents thereof. Tenant Mortgagor will also deliver to LandlordMortgagee, promptly upon written request, a certificate of a principal of Tenant but not more frequently than once every twelve months, Officers' Certificates setting forth the particulars as to all such insurance policies and certifying that such policies the same comply with the requirements of this Sectionsection, that all premiums due thereon have been paid and that the same are in full force and effect. Mortgagor will also deliver to Mortgagee a new policy as replacement for any expiring policy at least 30 days prior to the date of such expiration. In the event Tenant Mortgagor shall fail to effect or maintain any insurance required to be effected or maintained pursuant to the provisions of this Article 8section 3.1, Landlord Mortgagor will indemnify Mortgagee against damage, loss or liability resulting from all risks for which such insurance shall have been effected or maintained. The obligations of Mortgagor to indemnify Mortgagee in such a manner shall survive any discharge of this Mortgage and payment in full of the right, but not the obligation, to obtain any such insurance and any reasonable amount expended by Landlord shall be deemed Additional Rent under this Lease and shall immediately be due and payable by Tenant within five (5) days after delivery to Tenant of a bill therefor, and same shall be without prejudice to Landlord'x xxghts and remedies in respect of such defaultNote.

Appears in 1 contract

Samples: Mortgage, Security Agreement, Financing Statement and Assignment of Proceeds, Rents and Leases (Crested Corp)

Delivery of Policies, etc. Tenant Mortgagor will deliverdeliver to Mortgagee, or cause to be delivered, to Landlord, no later than 30 days prior to the expiration of any policy, a binder or certificate of the insurer evidencing the replacement thereof and not later than 15 days prior to the expiration of such policypromptly upon request, (a) at the written request of Landlord, the original or true copies duplicates of all policies evidencing all insurance required to be maintained under this Article 8 section 3.1.1 (or, in the case of blanket policies, certificates thereof by the insurers together with certificates a counterpart of insurance and a letter from an insurance broker or agent satisfactory to Landlord to the effect that the insurance policies maintained by Tenant comply with the terms of this Leaseeach blanket policy), and (b) at the written request of Landlord, evidence as to the payment of all premiums due thereon (with respect to public liability insurance policies, all installments for the current year due thereon to such date), provided that Landlord Mortgagee shall not be deemed by reason of its their custody of such policies to have knowledge of the contents thereof. Tenant Mortgagor will also deliver to LandlordMortgagee, promptly upon written request, a certificate of a principal of Tenant but not more frequently than once every twelve months, Officers’ Certificates setting forth the particulars as to all such insurance policies and certifying that such policies the same comply with the requirements of this Sectionsection, that all premiums due thereon have been paid and that the same are in full force and effect. Mortgagor will also deliver to Mortgagee a new policy as replacement for any expiring policy at least 30 days prior to the date of such expiration. In the event Tenant Mortgagor shall fail to effect or maintain any insurance required to be effected or maintained pursuant to the provisions of this Article 8section 3.1, Landlord Mortgagor will indemnify Mortgagee, and its Affiliates, against damage, loss or liability resulting from all risks for which such insurance shall have been effected or maintained. The obligations of Mortgagor to indemnify Mortgagee and its Affiliates in such a manner shall survive any discharge of this Mortgage and payment in full of the right, but not the obligation, to obtain any such insurance and any reasonable amount expended by Landlord shall be deemed Additional Rent under this Lease and shall immediately be due and payable by Tenant within five (5) days after delivery to Tenant of a bill therefor, and same shall be without prejudice to Landlord'x xxghts and remedies in respect of such defaultNote.

Appears in 1 contract

Samples: Asset Purchase Agreement (Revett Minerals Inc.)

Delivery of Policies, etc. Tenant Mortgagor will deliverdeliver to ------------------------- Mortgagee, or cause to be delivered, to Landlord, no later than 30 days prior to the expiration of any policy, a binder or certificate of the insurer evidencing the replacement thereof and not later than 15 days prior to the expiration of such policypromptly upon request, (a) at the written request of Landlord, the original or true copies originals of all policies evidencing - all insurance required to be maintained under this Article 8 section 3.01.1 (or, in the case of blanket policies, certified copies of the original policies by the insurers together with certificates a counterpart of insurance and a letter from an insurance broker or agent satisfactory to Landlord to the effect that the insurance policies maintained by Tenant comply with the terms of this Leaseeach blanket policy), and (b) at the written request of Landlord, evidence as to the - payment of all premiums due thereon (with respect to public liability insurance policies, all installments for the current year due thereon to such date), provided that Landlord Mortgagee shall not be deemed by reason of its custody of such -------- policies to have knowledge of the contents thereof. Tenant Mortgagor will also deliver to LandlordMortgagee, promptly upon written request, a certificate of a principal the managing general partner of Tenant Mortgagor (an "Officer's Certificate") setting forth the particulars as to all such insurance policies and certifying that such policies the same comply with the requirements of this Sectionsection, that all premiums due thereon have been paid and that the same are in full force and effect. Mortgagor will also deliver to Mortgagee a new policy or certificate of insurance acceptable to Mortgagee as replacement for any expiring policy at least 60 days prior to the date of such expiration. In the event Tenant Mortgagor shall fail to effect or maintain any insurance required to be effected or maintained pursuant to the provisions of this Article 8section 3.01, Landlord shall have the rightMortgagor will indemnify Mortgagee against damage, but not the obligation, to obtain any loss or liability resulting from all risks for which such insurance should have been effected or maintained. The obligations of Mortgagor to indemnify Mortgagee in such a manner shall survive any discharge of the Mortgage and any reasonable amount expended by Landlord shall be deemed Additional Rent under this Lease and shall immediately be due and payable by Tenant within five (5) days after delivery to Tenant payment in full of a bill therefor, and same shall be without prejudice to Landlord'x xxghts and remedies in respect of such defaultthe Notes.

Appears in 1 contract

Samples: Consolidation, Extension and Modification Agreement (Boston Properties Inc)

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Delivery of Policies, etc. Tenant will Borrower shall deliver, or cause to be delivered, to LandlordLender, no later than 30 days prior to the expiration of any policy, a binder or certificate of the insurer evidencing the replacement thereof and not later than 15 days prior to the expiration of such policypromptly upon written request, (a) at the written request of Landlord, the original or true copies of all policies evidencing all insurance required to be maintained under this Article 8 together with subsection 3.01.01 or certificates of insurance and a letter from an insurance broker or agent reasonably satisfactory to Landlord Lender to the effect that the insurance policies maintained by Tenant Borrower comply with the terms of this LeaseSecurity Instrument, and (b) at the written request of Landlord, evidence as to the payment of all premiums due thereon (with respect to public liability insurance policies, all installments for the current year due thereon to such date)period ending on the first anniversary of the date hereof, provided that Landlord Lender shall not be deemed by reason of its custody of such policies to have knowledge of the contents thereof. Tenant will Borrower shall also deliver to LandlordLender, promptly upon written request, a certificate of a principal of Tenant Borrower (a “Compliance Certificate”) setting forth the particulars as to all such insurance policies and certifying that such policies the same comply with the requirements of this Section, that all premiums due thereon have been paid and that the same are in full force and effect. Borrower shall also deliver to Lender not later than thirty (30) days prior to the expiration of any policy a binder or certificate of the insurer evidencing the replacement thereof and not later than fifteen (15) days prior to the expiration of such policy an original copy (or true copy) of the new policy or certificate thereof. In the event Tenant Borrower shall fail to effect or maintain any insurance required to be effected or maintained pursuant to the provisions of this Article 8Section 3.01: (i) Borrower shall indemnify Lender against any damage, Landlord loss or liability resulting from all risks for which such insurance should have been effected or maintained; and (ii) if such failure remains uncured for more than five (5) Business Days after Borrower’s receipt from Lender of written notice thereof, Lender shall have the right, but not the obligation, to obtain any such insurance and any reasonable amount expended by Landlord Lender in connection therewith shall be deemed Additional Rent under indebtedness secured by this Lease Security Instrument and shall immediately be due and payable repaid by Tenant within five (5) days after delivery to Tenant Borrower, on written demand, together with interest thereon from the date of a bill therefor, and same shall be without prejudice to Landlord'x xxghts and remedies in respect of such defaultexpenditure at the Default Rate.

Appears in 1 contract

Samples: Deed of Trust (General Cannabis Corp)

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