Common use of Failure to Obtain and Maintain Insurance Clause in Contracts

Failure to Obtain and Maintain Insurance. If Xxxxxx fails to procure and maintain the insurance described above, Lessor shall have the right, but not the obligation, to procure and maintain substitute insurance and to pay the premiums. Lessee shall pay to Lessor upon demand the full amount paid by Xxxxxx.

Failure to Obtain and Maintain Insurance. If Xxxxxx Lessee fails to procure and maintain the insurance described above, Lessor shall have the right, but not the obligation, to procure and maintain substitute insurance and to pay the premiums. Lessee shall pay to Lessor upon demand the full amount paid by XxxxxxLessor. Failure to maintain insurance as required will be a breach of this lease.

Failure to Obtain and Maintain Insurance. If Xxxxxx fails to procure and maintain the insurance described above, Lessor shall have the right, but not the obligation, to procure and maintain substitute insurance and to pay the premiums. Lessee shall pay to Lessor Lessor, upon demand demand, the full amount paid by Xxxxxx.

Failure to Obtain and Maintain Insurance. If Xxxxxx fails to procure and maintain the insurance described above, Lessor shall have the right, but not the obligation, to procure and maintain substitute insurance and to pay the premiums. Upon demand, Lessee shall pay to Lessor upon demand the full amount paid by Xxxxxx.