Deposit of Insurance Premiums. Landlord, by written notice, may at any time after the occurrence and during the continuance of an Event of Default, require Tenant to deposit on the first (1st) day of each calendar month with the Depository an amount sufficient to pay the annual premiums for insurance required to be carried by Tenant hereunder when the same will become due and payable, provided however, if an Event of Default exists due to Tenant’s failure to pay insurance premiums when due and as to which failure Landlord may (a) require payment to be made on demand or (b) pay the same, Landlord may at any time after such Event of Default has occurred and is continuing, pay such insurance premiums, whereupon Tenant will be obligated to reimburse Landlord therefor as Additional Costs. Notwithstanding anything in this Article 7 to the contrary, if a Mortgagee (provided such Mortgagee is an Institutional Lender) requires Tenant to deposit funds to ensure payment of insurance premiums, any amount so deposited by Tenant with such Mortgagee will be credited against the amount, if any, which Tenant would otherwise be required to deposit under this Section 7.03.
Deposit of Insurance Premiums. The FCRHA, by written notice, may at any time after the occurrence and during the continuance of an Event of Default hereunder, require Tenant to deposit on the first (1st) day of each calendar month with the Depository an amount sufficient to pay the annual premiums for insurance required to be carried by Tenant hereunder when the same shall become due and payable, provided however, if an Event of Default exists due to Tenant’s failure to pay insurance premiums when due and as to which failure the FCRHA may (a) require payment to be made on demand or (b) pay the same, the FCRHA may at any time after such Event of Default has occurred and is continuing, pay such insurance premiums, whereupon Tenant shall be obligated to reimburse the FCRHA therefor as Additional Costs. Notwithstanding anything in this Article 7 to the contrary, in the event that a Mortgagee (provided such Mortgagee is an Institutional Lender) requires Tenant to deposit funds to insure payment of insurance premiums, and any amount so deposited by Tenant with such Mortgagee shall be credited against the amount, if any, which Tenant would otherwise be required to deposit under this Section 7.03; provided further, Tenant shall send notice to the FCRHA of such requirement with evidence reasonably satisfactory to the FCRHA of Tenant’s compliance with such requirement.
Deposit of Insurance Premiums. Landlord, by written notice, may at any time during the pendency of an Event of Default hereunder, require Tenant to deposit on the first (1st) day of each calendar month with the Depository an amount sufficient to pay the annual premiums for insurance required to be carried by Tenant hereunder when the same shall become due and payable, provided however, if an Event of Default exists due to Tenant’s failure to pay insurance premiums when due and as to which failure Landlord may (a) require payment to be made on demand or (b) pay the same, Landlord may at any time after such Event of Default has occurred and is continuing, pay such insurance premiums, whereupon Tenant shall be obligated to reimburse Landlord therefor as Additional Costs.
Deposit of Insurance Premiums. At the option of Landlord, which may be exercised at any time, Tenant shall, upon written request of Landlord, on the first day of the calendar month immediately following such request, and on the first day of each calendar month thereafter during the Lease Term (each of which dates is referred to as a "Insurance Monthly Deposit Date"), pay to and deposit with Landlord a sum equal to one-twelfth (1/12th) of the insurance premiums required by this SECTION 11 (the "Insurance Premiums") with respect to the Premises within one (1) year after said Insurance Monthly Deposit Date. If the amount of the insurance premiums within the ensuing one (1) year period shall not be fixed upon any Insurance Monthly Deposit Date, such amount for the purpose of computing the deposit to be made by Tenant hereunder shall be reasonably estimated by Landlord with an appropriate adjustment to be promptly made between Landlord and Tenant as soon as such amount becomes determinable. In addition, Landlord may, at its option, from time to time require that any particular deposit be greater than one-twelfth (1/12th) of the estimated amount payable within one (1) year after said Insurance Monthly Deposit Date, if such additional deposit is required in order to provide to Landlord a sufficient fund from which to make payment of all insurance premiums on or before the next due date of any installment thereof.
Deposit of Insurance Premiums. Landlord, by written notice, may at any time during the pendency of a default, require Tenant to deposit on the first day of each calendar month with a savings bank, a savings and loan association or a commercial bank or trust company designated by Tenant and approved by Landlord, an amount sufficient to pay the annual premiums for insurance required to be carried by Tenant when the same will become due and payable. If, however, an Event of Default exists due to Tenant’s failure to pay insurance premiums when due and as to which failure Landlord may (a) require payment to be made on demand or (b) pay the same, Landlord may at any time after such Event of Default has occurred and is continuing, pay such insurance premiums, whereupon Tenant will be obligated to reimburse Landlord for such insurance premiums as Additional Costs.
