Common use of Failure to Secure Clause in Contracts

Failure to Secure. If at any time during the Term, and after expiration of ten (10) business days’ prior written demand therefore from Landlord, Tenant fails to: a) provide Landlord with access to a registered insurance broker of record that can verify Tenant’s compliance with the requirement contained in this Article 19; or b) provide documentation reasonably acceptable to Landlord that Tenant has secured and maintained the insurance coverage required hereunder, then such failure shall be considered a material default under this Lease, and Landlord shall have the option, but not the obligation, without further notice or demand to obtain such insurance on behalf of or as the agent of Tenant and in Tenant’s name. Tenant shall pay Landlord’s billing for the premiums associated with such insurance policy or policies within five (5) days after receipt of Landlord’s billing, as well as such other reasonable costs and fees arising out of such default, together with interest on the entire amount so advanced by Landlord, at the rate of ten percent (10%) per annum, computed from the date of such advance. Such advances, if made by Landlord, shall be construed as and considered Additional Rent under this Lease.

Failure to Secure. If at any time during the Term, and after expiration of ten twenty (1020) business days’ prior written demand therefore from Landlord, Tenant fails to: (a) provide Landlord with access to a registered licensed insurance broker of record that can verify Tenant’s compliance with the requirement contained in this Article 19; or (b) provide documentation reasonably acceptable to Landlord that Tenant Xxxxxx has secured and maintained the insurance coverage required hereunder, then such failure shall be considered a material default under this Lease, and Landlord shall have the option, but not the obligation, without further notice or demand to obtain such insurance on behalf of or as the agent of Tenant and in Tenant’s name. Tenant shall pay Landlord’s billing for the premiums associated with such insurance policy or policies within five thirty (530) days after receipt of Landlord’s billing, as well as such other reasonable costs and fees arising out of such default, together with interest on the entire amount so advanced by Landlord, at the rate of ten percent (10%) per annum, computed from the date of such advance. Such advances, if made by LandlordXxxxxxxx, shall be construed as and considered Additional Rent under this Lease.

Failure to Secure. If at any time during the Term, and after expiration of ten three (103) business days’ ' prior written demand therefore from Landlord, Tenant fails to: a) provide Provide Landlord with access to a registered insurance broker of record that can verify Tenant’s 's compliance with the requirement contained in this Article 19; or b) provide documentation reasonably acceptable to Landlord that Tenant has secured and maintained the insurance coverage required hereunder, then such failure shall be considered a material default under this the Lease, and Landlord shall have the option, but not the obligation, without further upon prior written notice or demand to obtain such insurance on behalf onbehalf of or as the agent of Tenant and in Tenant’s 's name. Tenant shall pay Landlord’s 's billing for the premiums associated with such insurance policy or policies within five (5) days after receipt of Landlord’s 's billing, as well as such other reasonable costs and fees arising out of such default, default together with interest on the entire amount so advanced by Landlord, at the rate of ten percent (10%) per annum, computed from the date of such advance. Such advances, if made by Landlord, shall be construed as as, and considered Additional Rent under this Lease.

Failure to Secure. If at any time during the Term, and after expiration of ten three (103) business days’ days prior written demand therefore from Landlord, Tenant fails to: a) provide Provide Landlord with access to a registered insurance broker of record that can verify Tenant’s 's compliance with the requirement contained in this Article 19; or b) provide documentation reasonably acceptable to Landlord that Tenant has secured and maintained the insurance coverage required hereunder, then such failure shall be considered a material default under this the Lease, and Landlord shall have the option, but not the obligation, without further notice or demand to obtain such insurance on behalf of or as the agent of Tenant and in Tenant’s 's name. Tenant shall pay Landlord’s 's billing for the premiums associated with such insurance policy or policies within five (5) days after receipt of Landlord’s 's billing, as well as such other reasonable costs and fees arising out of such default, together with interest on the entire amount so advanced by Landlord, at the rate of ten percent (10%) per annum, computed from the date of such advance. Such advances, if made by Landlord, shall be construed as and considered Additional Rent under this Lease.

Failure to Secure. If at any time during the Term, and after expiration of ten (10) business days’ prior written demand therefore from Landlord, Tenant fails to: a) provide Landlord with access to a registered insurance broker of record that can verify Tenant’s compliance with the requirement contained in this Article 19; or b) provide documentation reasonably acceptable to Landlord that Tenant has secured and maintained the insurance coverage required hereunder, then such failure shall be considered a material default under this Lease, and Landlord shall have the option, but not the obligation, without further notice or demand to obtain such insurance on behalf of or as the agent of Tenant and in Tenant’s name. Tenant shall pay Landlord’s billing for the premiums associated with such insurance policy or policies within five (5) business days after receipt of Landlord’s billing, as well as such other reasonable costs and fees arising out of such default, together with interest on the entire amount so advanced by Landlord, at the rate of ten percent (10%) per annum, computed from the date of such advance. Such advances, if made by Landlord, shall be construed as and considered Additional Rent under this Lease.

Failure to Secure. If at any time during the Term, and after expiration of ten (10) business days’ days prior written demand therefore from Landlord, Tenant fails to: a) provide Landlord with access to a registered insurance broker of record that can verify Tenant’s compliance with the requirement contained in this Article 19; or b) provide documentation reasonably acceptable to Landlord that Tenant has secured and maintained the insurance coverage required hereunder, then such failure shall be considered a material default under this the Lease, and Landlord shall have the option, but not the obligation, without further notice or demand to obtain such insurance on behalf of or as the agent of Tenant and in Tenant’s name. Tenant shall pay Landlord’s billing for the premiums associated with such insurance policy or policies within five fifteen (515) days after receipt of Landlord’s billing, as well as such other reasonable costs and fees arising out of such default, together with interest on the entire amount so advanced by Landlord, at the rate of ten percent (10%) per annum, computed from the date of such advance. Such advances, if made by Landlord, shall be construed as and considered Additional Rent under this Lease.

Failure to Secure. If at any time during the Term, and after expiration of ten five (105) business days’ days prior written demand therefore from Landlord, Tenant fails to: a) provide Provide Landlord with access to a registered insurance broker of record that can verify Tenant’s 's compliance with the requirement contained in this Article 19; or b) provide documentation reasonably acceptable to Landlord that Tenant has secured and maintained the insurance coverage required hereunder, then such failure shall be considered a material default under this the Lease, and Landlord shall have the option, but not the obligation, without further notice or demand to obtain such insurance on behalf of or as the agent of Tenant and in Tenant’s 's name. Tenant shall pay Landlord’s 's billing for the premiums associated with such insurance policy or policies within five (5) days after receipt of Landlord’s 's billing, as well as such other reasonable costs and fees arising out of such default, together with interest on the entire amount so advanced by Landlord, at the rate of ten percent (10%) per annum, computed from the date of such advance. Such advances, if made by Landlord, shall be construed as and considered Additional Rent under this Lease.

Failure to Secure. If at any time during the Term, and after expiration of ten (10) business days’ prior written demand therefore from Landlord, Tenant fails to: a) provide Landlord with access to a registered insurance broker of record that can verify Tenant’s compliance with the requirement contained in this Article 19; or b) provide documentation reasonably acceptable to Landlord that Tenant has secured and maintained the insurance coverage required hereunder, then such failure shall be considered a material default under this the Lease, and Landlord shall have the option, but not the obligation, without further notice or demand to obtain such insurance on behalf of or as the agent of Tenant and in Tenant’s name. In such event, Tenant shall pay Landlord’s billing for the premiums associated with such insurance policy or policies within five thirty (530) days after receipt of Landlord’s billing, as well as such other reasonable costs and fees arising out of such default, together with interest on the entire amount so advanced by Landlord, at the rate of ten percent (10%) per annum, computed from the date of such advance. Such advances, if made by Landlord, shall be construed as and considered Additional Rent under this Lease.

Failure to Secure. If at any time during the Term, and after expiration of ten three (103) business days’ days prior written demand therefore from Landlord, Tenant fails to: a) provide Provide Landlord with access to a registered insurance broker of record that can verify Tenant’s 's compliance with the requirement contained in this Article 19; or b) provide documentation reasonably acceptable to Landlord that Tenant has secured and maintained the insurance coverage required hereunder, then such failure shall be considered a material default under this Lease, and Landlord shall have the option, but not the obligation, without further notice or demand to obtain such insurance on behalf of or as the agent of Tenant and in Tenant’s 's name. Tenant shall pay Landlord’s 's billing for the premiums associated with such insurance policy or policies within five (5) days after receipt of Landlord’s 's billing, as well as such other reasonable costs and fees arising out of such default, together with interest on the entire amount so advanced by Landlord, at the rate of ten percent (10%) per annum, computed from the date of such advance. Such advances, if made by Landlord, shall be construed as and considered Additional Rent under this Lease.

Failure to Secure. If at any time during the Term, and after expiration of ten (10ten(10) business days’ days prior written demand therefore from Landlord, Tenant fails to: aA) provide Provide Landlord with access to a registered insurance broker of record that can verify Tenant’s 's compliance with the requirement contained in this Article 19; or bB) provide documentation reasonably acceptable to Landlord that Tenant has secured and maintained the insurance coverage required hereunder, then such failure shall be considered a material default under this the Lease, and Landlord shall have the option, but not the obligation, without further notice or demand to obtain such insurance on behalf of or as the agent of Tenant and in Tenant’s 's name. Tenant shall pay Landlord’s 's billing for the premiums associated with such insurance policy or policies within five (5) days after receipt of Landlord’s 's billing, as well as such other reasonable costs and fees arising out of such default, together with interest on the entire amount so advanced by Landlord, at the rate of ten percent (10%) per annum, computed from the date of such advance. Such advances, if made by Landlord, shall be construed as and considered Additional Rent under this Lease.