Common use of Effect on Insurance Clause in Contracts

Effect on Insurance. Tenant and any Subtenant will not do, omit to do, or suffer to be done or keep or suffer to be kept anything in, upon or about the Property which will violate the provisions of Landlord's policies insuring the Premises and the Building against loss or damage by fire, or other hazards (including, but not limited to, public liability), which will adversely affect Landlord's fire or liability insurance premium rating or which will prevent Landlord from procuring such policies in companies acceptable to Landlord. If anything done, omitted to be done, or suffered to be done by Tenant and any Subtenant, or kept or suffered by Tenant and any Subtenant to be kept in, upon or about the Property shall cause the premium rate of fire or other insurance on the Premises or the Property in companies acceptable to Landlord to be increased beyond the established rate from time to time fixed by the appropriate underwriters with regard to the use of the Premises for the purposes permitted under this Lease or to the Property for the use or uses being made thereof, Tenant will pay the amount of such increase as Additional Rent within five (5) days of Landlord's demand in writing and will thereafter pay the amount of such increase, as the same may vary from time to time, with respect to every premium relating to coverage of the Premises and the Property during a period falling within the Term of this lease until such increase is eliminated. In addition, if applicable, Landlord may at its option rectify the condition existing on the Property which is causing or is a contributing cause of the increased premium rate in the event that the Tenant should fail to do so, provided that such condition is not a permitted use of the Premises as contemplated by this Lease, and Landlord may charge the cost of such action to Tenant as Additional Rent, payable within five (5) days of written demand together with the late charge specified in Section 4, which shall accrue from the date that Landlord became obligated for the costs of such action. In determining whether increased premiums are the result of Tenant's use of the Premises or elsewhere on the Property, a schedule, issued by the organization setting the insurance rate on the Premises and the Property, showing various components of such rate, shall be conclusive evidence of the several items and charges which make up the fire insurance on the Premises and the Property. If for any reason including, but not limited to, the abandonment of the Premises, Tenant's failure to pay any insurance premium, or Tenant's failure to occupy the Premises as herein permitted, Tenant fails to provide and keep in force any or all of the insurance policies set forth in Section 21, then in such event Tenant shall indemnify and hold Landlord harmless against any loss which would have been covered by such insurance.

Appears in 1 contract

Samples: Lease Agreement (Osiris Therapeutics Inc)

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Effect on Insurance. (a) Tenant and any Subtenant will not do, omit to do, or suffer to be done or keep or suffer to be kept anything in, upon or about the Property leased Premises which will violate the provisions of Landlord's ’s policies insuring the Premises and the Building against loss or damage by fire, fire or other hazards (including, but not limited to, public liability), which will adversely affect Landlord's ’s fire or liability insurance premium rating or which will prevent Landlord from procuring such policies in companies acceptable to Landlord, provided Tenant is first given adequate notice of the requirements of such policies. If anything done, omitted to be done, done or suffered to be done by Tenant and any SubtenantTenant, or kept or suffered by Tenant and any Subtenant to be kept in, upon or about the Property Premises shall by itself or in combination with other circumstances existing at the Premises cause the premium rate of fire or other insurance on the Premises or other improvements of the Property Premises in companies acceptable to Landlord to be increased beyond the established rate from time to time fixed by the appropriate underwriters with regard to the use of the demised Premises for the purposes permitted under this Lease or to such other property in the Property Premises for the use or uses being made thereof, Tenant will pay the amount of such increase or, in the event that other circumstances existing at the Premises shall have contributed to such increase, such equitable portion of such increase as Additional Rent within five (5) days of reasonably determined by Landlord's , as additional rent upon Landlord’s demand in writing and will thereafter pay the amount of such increase, as the same may vary from time to time, with respect to every premium relating to coverage of the demised Premises and the Property during a period falling within the Term term of this lease Lease until such increase is eliminated. In addition, if applicable, Landlord may may, at its option rectify the condition existing on the Property demised Premises which is causing caused or is was a contributing cause of the increased premium rate in the event that the Tenant should fail to do so, provided that such condition is not a permitted use of the Premises as contemplated by this Lease, so and Landlord may charge the cost of such action to Tenant as Additional Rentadditional rent, payable within five (5) days of written demand together with the late charge specified in Section 4, which shall accrue from the date that Landlord became obligated for the costs of such actionon demand. In determining whether increased premiums are the result of Tenant's ’s use of the Premises or elsewhere on the Propertyleased Premises, a schedule, issued by the organization setting making the insurance rate on the Premises and the Propertyleased Premises, showing the various components of such rate, shall be conclusive evidence of the several items and charges which make up the fire insurance rate on the Premises and the Property. If for any reason including, but not limited to, the abandonment of the leased Premises, Tenant's failure to pay any insurance premium, or Tenant's failure to occupy the Premises as herein permitted, Tenant fails to provide and keep in force any or all of the insurance policies set forth in Section 21, then in such event Tenant shall indemnify and hold Landlord harmless against any loss which would have been covered by such insurance.

Appears in 1 contract

Samples: Lease Agreement (Rex Energy Corp)

Effect on Insurance. Tenant and any Subtenant will not do, omit to do, or suffer to be done or keep or suffer to be kept anything in, upon upon, or about the Property Premises which will violate the provisions of Landlord's policies insuring the Premises and the Building against loss or damage by fire, fire or other hazards (including, but not limited to, public liability), which will adversely affect Landlord's fire or liability insurance premium rating or which will prevent Landlord from procuring such policies in companies acceptable to Landlord. If anything done, omitted to be done, or suffered to be done by Tenant and any SubtenantTenant, or kept or suffered by Tenant and any Subtenant to be kept in, upon or about the Property Premises shall cause the premium rate of fire or other insurance on the Premises or the Property in companies acceptable to Landlord to be increased beyond the established rate from time to time fixed by the appropriate underwriters with regard to the use of the Premises for the purposes permitted under this Lease or to the Property for the use or uses being made thereof, Tenant will pay the amount of such increase as Additional Rent within five (5) days of upon Landlord's demand in writing and will thereafter pay the amount of such increase, as the same may vary from time to time, with respect to every premium relating to coverage of the Premises and the Property during a period falling within the Term of this lease Lease until such increase is eliminated. In addition, if applicable, Landlord may at its option rectify the condition existing on the Property Premises which is causing or is a contributing cause of the increased premium rate in the event that the Tenant should fail to do so, provided that such condition is not a permitted use of the Premises as contemplated by this Lease, and Landlord may charge the cost of such action to Tenant as Additional Rent, payable within five (5) days of written demand together with the late charge specified in Section 4on demand, which shall accrue from the date that Landlord became obligated for the costs of such action. In determining whether increased premiums are the result of Tenant's use of the Premises or elsewhere on the PropertyPremises, a schedule, issued by the organization setting the insurance rate on the Premises and the PropertyPremises, showing the various components of such rate, shall be conclusive evidence of the several items and charges which that make up the fire insurance premium on the Premises and the Property. If for any reason including, but not limited to, the abandonment of the Premises, Tenant's failure to pay any insurance premium, or Tenant's failure to occupy the Premises as herein permitted, Tenant fails to provide and keep in force any or all of the insurance policies set forth in Section 21, then in such event Tenant shall indemnify and hold Landlord harmless against any loss which would have been covered by such insurance.

Appears in 1 contract

Samples: Lease Agreement (Manchester Equipment Co Inc)

Effect on Insurance. Tenant and any Subtenant will not do, omit to do, or suffer to be done or keep or suffer to be kept anything in, upon or about the Property which will violate the provisions of Landlord's policies insuring the Premises and the Building Property against loss or damage by fire, fire or other hazards (including, but not limited to, public liability), which will adversely affect Landlord's fire or liability insurance premium rating or which will prevent Landlord from procuring such policies in companies acceptable to Landlord. If anything done, omitted to be done, or suffered to be done by Tenant and any SubtenantTenant, or kept or suffered by Tenant and any Subtenant to be kept in, upon or about the Property shall cause the premium rate of fire or other insurance on the Premises or the Property in companies acceptable to Landlord to be increased beyond the established rate from time to time fixed by the appropriate underwriters with regard to the use of the Premises for the purposes permitted under this Lease or to the Property for the use or uses being made thereof, Tenant will pay the amount of such increase as Additional Rent within five Fifteen (515) days after receipt of Landlord's written demand in writing (along with a copy of the insurance company’s invoice therefor) and will thereafter pay the amount of such increase, as the same may vary from time to time, with respect to every premium relating to coverage of the Premises and the Property during a period falling within the Term of this lease Lease until such increase is eliminated. In addition, if applicable, Landlord may may, at its option rectify the condition existing on the Property which is causing or is a contributing cause of the increased premium rate in the event that the Tenant should fail to do so, provided that such condition is not a permitted use of the Premises as contemplated by this Lease, and Landlord may charge the cost of such action to Tenant as Additional Rent, payable within five fifteen (515) days after receipt of Landlord's written demand together with the late charge specified in Section 4, which shall accrue from the date that Landlord became obligated for the costs of such actiontherefor. In determining whether increased premiums are the result of Tenant's use of the Premises or elsewhere on the Property, a schedule, issued by the organization setting the insurance rate on the Premises and the Property, showing the various components of such rate, shall be conclusive evidence of the several items and charges which make up the fire insurance on the Premises and the Property. If for any reason including, but not limited to, the abandonment of the Premises, Tenant's failure to pay any insurance premium, or Tenant's failure to occupy the Premises as herein permitted, Tenant fails to provide and keep in force any or all of the insurance policies set forth in Section 21, then in such event Tenant shall indemnify and hold Landlord harmless against any loss which would have been covered by such insurance.

Appears in 1 contract

Samples: Lease Agreement (Vaccinogen Inc)

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Effect on Insurance. Tenant and any Subtenant will not do, omit to do, do or suffer to be done or keep or suffer to be kept anything in, upon or about the Property (as defined in the Master Lease) which will violate the provisions of Landlord's ’s or Sublandlord’s policies insuring the Premises and the Building against loss or damage by fire, or other hazards (including, but not limited to, public liability), which will adversely affect Landlord's ’s or Sublandlord’s fire or liability insurance premium rating or which will prevent Landlord or Sublandlord from procuring such policies in companies acceptable to LandlordLandlord or Sublandlord. If anything done, omitted to be done, or suffered to be done by Tenant and any Subtenant, or kept or suffered by Tenant and any Subtenant to be kept in, upon or about the Property shall cause the premium rate of fire or other insurance on the Premises or the Property in companies acceptable to Landlord or Sublandlord to be increased beyond the established rate from time to time fixed by the appropriate underwriters with regard to the use of the Subleased Premises for the purposes permitted under this Lease Sublease or to the Property for the use or uses being made thereof, Tenant Subtenant will pay the amount of such increase as Additional Rent within five (5) days of Landlord's Sublandlord’s demand in writing and will thereafter pay the amount of such increase, as the same may vary from time to time, with respect to every premium relating to coverage of the Premises and the Property during a period falling within the Term term of this lease Sublease until such increase is eliminated. In addition, if applicable, Landlord Sublandlord may at its option rectify the condition existing on the Property which is causing or is a contributing cause of the increased premium rate in the event that the Tenant Subtenant should fail to do so, provided that such condition is not a permitted use of the Subleased Premises as contemplated by this LeaseSublease, and Landlord Sublandlord may charge the cost of such action to Tenant Subtenant as Additional Rent, payable within five (5) days of written demand together with the late charge specified in Section 43, which shall accrue from the date that Landlord Sublandlord became obligated for the costs of such action. In determining whether increased premiums are the result of Tenant's Subtenant’s use of the Subleased Premises or elsewhere on the Property, a schedule, issued by the organization setting the insurance rate on the Subleased Premises and the Property, showing various components of such rate, shall be conclusive evidence of the several items and charges which make up the fire insurance on the Subleased Premises and the Property. If for any reason including, but not limited to, the abandonment of the Subleased Premises, Tenant's Subtenant’s failure to pay any insurance premium, or Tenant's Subtenant’s failure to occupy the Subleased Premises as herein permitted, Tenant Subtenant fails to provide and keep in force any or all of the insurance policies set forth in Section 2113, then in such event Tenant Subtenant shall indemnify and hold Landlord and Sublandlord harmless against any loss which would have been covered by such insurance.

Appears in 1 contract

Samples: Sublease Agreement (Osiris Therapeutics, Inc.)

Effect on Insurance. Tenant and any Subtenant will not do, omit to do, or suffer to be done or keep or suffer to be kept anything in, upon or about the Property which will violate the provisions of Landlord's ’s policies insuring the Premises and the Building against loss or damage by fire, or other hazards (including, but not limited to, public liability), which will adversely affect Landlord's ’s fire or liability insurance premium rating or which will prevent Landlord from procuring such policies in companies acceptable to Landlord. If anything done, omitted to be done, or suffered to be done by Tenant and any Subtenant, or kept or suffered by Tenant and any Subtenant to be kept in, upon or about the Property shall cause the premium rate of fire or other insurance on the Premises or the Property in companies acceptable to Landlord to be increased beyond the established rate from time to time fixed by the appropriate underwriters with regard to the use of the Premises for the purposes permitted under this Lease or to the Property for the use or uses being made thereof, Tenant will pay the amount of such increase as Additional Rent within five (5) days of Landlord's ’s demand in writing and will thereafter pay the amount of such increase, as the same may vary from time to time, with respect to every premium relating to coverage of the Premises and the Property during a period falling within the Term of this lease Lease until such increase is eliminated. In addition, if applicable, Landlord may at its option rectify the condition existing on the Property which is causing or is a contributing cause of the increased premium rate in the event that the Tenant should fail to do so, provided that such condition is not a permitted use of the Premises as contemplated by this Lease, and Landlord may charge the cost of such action to Tenant as Additional Rent, payable within five (5) days of written demand together with the late charge specified in Section 4, which shall accrue from the date that Landlord became obligated for the costs of such action. In determining whether increased premiums are the result of Tenant's ’s use of the Premises or elsewhere on the Property, a schedule, issued by the organization setting the insurance rate on the Premises and the Property, showing various components of such rate, shall be conclusive evidence of the several items and charges which make up the fire insurance on the Premises and the Property. If for any reason including, but not limited to, the abandonment of the Premises, Tenant's ’s failure to pay any insurance premium, or Tenant's ’s failure to occupy the Premises as herein permitted, Tenant fails to provide and keep in force any or all of the insurance policies set forth in Section 21, then in such event Tenant shall indemnify and hold Landlord harmless against any loss which would have been covered by such insurance.

Appears in 1 contract

Samples: Lease Agreement (Osiris Therapeutics, Inc.)

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