Common use of Form Satisfactory, Etc Clause in Contracts

Form Satisfactory, Etc. All insurance policies and endorsements required pursuant to this Article 9 shall be fully paid for, nonassessable and, except for umbrella, worker's compensation, flood and earthquake coverage, be issued by insurance carriers authorized to do business in the State, having a general policy holder's rating of no less than B++ in Best's latest rating guide. All such policies described in Sections 9.1(a) through (d) shall include no deductible in excess of that carried by the Guarantor and its Affiliated Persons at similar properties and, with the exception of the insurance described in Sections 9.1(e), shall name Landlord and any Hotel Mortgagee as additional insureds, as their interests may appear and to the extent of their indemnity. All loss adjustments shall be payable as provided in Article 10. Tenant shall cause all insurance premiums to be paid and shall deliver policies or certificates thereof to Landlord prior to their effective date (and, with respect to any renewal policy, prior to the expiration of the existing policy). All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any Hotel Mortgagee at the times required, Landlord shall have the right, but not the obligation, subject to the provisions of Section 12.5, to acquire such insurance and pay the premiums therefor, which amounts shall be payable to Landlord, upon demand, as Additional Charges, together with interest accrued thereon at the Overdue Rate from the date such payment is made until (but excluding) the date repaid.

Form Satisfactory, Etc. All insurance policies and endorsements required pursuant to this Article 9 shall be fully paid for, nonassessable and, except for umbrella, worker's compensation, flood and earthquake coverage, be issued by insurance carriers authorized to do business in the State, having a general policy holder's rating of no less than B++ in Best's latest rating guide. All such policies described in Sections 9.1(a) through (d) shall include no deductible in excess of that carried by the Guarantor and its Affiliated Persons at similar properties Two Hundred Fifty Thousand Dollars ($250,000) and, with the exception of the insurance described in Sections 9.1(e), shall name Landlord and any Hotel Mortgagee as additional insureds, as their interests may appear and to the extent of their indemnityappear. All loss adjustments shall be payable as provided in Article 10. Tenant shall cause all insurance premiums to be paid and shall deliver policies or certificates thereof of insurance to Landlord prior to their effective date (and, with respect to any renewal policy, prior to the expiration of the existing policy). All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any Hotel Mortgagee at the times required, Landlord shall have the right, but not the obligation, subject to the provisions of Section 12.5, to acquire such insurance and pay the premiums therefor, which amounts shall be payable to Landlord, upon demand, as Additional Charges, together with interest accrued thereon at the Overdue Rate from the date such payment is made until (but excluding) the date repaid.

Form Satisfactory, Etc. All insurance policies and endorsements required pursuant to this Article 9 shall be fully paid for, nonassessable and, except for umbrella, worker's compensation, flood and earthquake coverage, be issued by insurance carriers authorized to do business in the State, having a general policy holder's rating of no less than B++ in Best's latest rating guide. All such policies described in Sections 9.1(a) through (d) shall include no deductible in excess of that carried by Two Hundred Fifty Thousand Dollars ($250,000) (with the Guarantor exception of insurance described in Section 9.1(a) providing coverage for windstorm which may have a deductible not exceeding five percent (5%) of the policy amount for such insurance or such lesser amount as may be usual and its Affiliated Persons at similar properties customary in the insurance industry for like properties) and, with the exception of the insurance described in Sections 9.1(e), shall name Landlord and any Hotel Mortgagee as additional insureds, as their interests may appear and to the extent of their indemnityappear. All loss adjustments shall be payable as provided in Article 10, except that losses under Sections 9.1(c) and (e) shall be payable directly to the party entitled thereto. Tenant shall cause all insurance premiums to be paid and shall deliver policies or certificates thereof to Landlord prior to their effective date (and, with respect to any renewal policy, prior to the expiration of the existing policy). All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any Hotel Mortgagee at the times required, Landlord shall have the right, upon Notice to Tenant, but not the obligation, subject to the provisions of Section 12.5, to acquire such insurance and pay the premiums therefor, which amounts shall be payable to Landlord, upon demand, as Additional Charges, together with interest accrued thereon at the Overdue Rate from the date such payment is made until (but excluding) the date repaid.

Form Satisfactory, Etc. All of the policies of insurance policies and endorsements required pursuant referred to this Article 9 in Section 13.1 shall be fully paid for, nonassessable and, except for umbrella, worker's compensation, flood written in a form reasonably satisfactory to Landlord and earthquake coverage, be issued by insurance carriers authorized to do business in the State, having a general policy holder's rating of no companies rated not less than B++ in AVIII by A.M. Best's latest rating guide. All such policies described in Sections 9.1(a) through (d) shall include no deductible in excess of that carried by the Guarantor and its Affiliated Persons at similar properties and, with the exception of the insurance described in Sections 9.1(e), shall name Landlord and any Hotel Mortgagee as additional insureds, as their interests may appear and to the extent of their indemnity. All loss adjustments shall be payable as provided in Article 10Insurance Guide. Tenant shall cause pay all premiums for the policies of insurance premiums referred to be paid in Section 13.1 and shall deliver policies or certificates thereof and copies of said policies to Landlord prior to their effective date (and, and with respect to any renewal policy, at least 10 days prior to the expiration of the existing policy). All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail fails to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any Hotel Mortgagee at the times requiredsatisfy its obligations under this Section 13.4, Landlord shall have the rightbe entitled, but not the shall have no obligation, subject to the provisions of Section 12.5, to acquire effect such insurance and pay the premiums therefor, which amounts shall be payable to Landlord, upon demand, as Additional Charges, premiums (together with interest accrued thereon accruing at the Overdue Rate from until repaid) shall be repayable to Landlord upon written demand as Additional Charges. Each policy of insurance required by Section 13.1 shall, by endorsement on the date policy or policies, or by independent instrument furnished to Landlord, provide that the insurer thereunder will give to Landlord not less than 30 days' written notice before the policy or policies in question shall be altered, allowed to expire or canceled. Each such payment is made until policy shall also provide that any loss otherwise payable thereunder shall be payable notwithstanding (but excludingi) any act or omission of Landlord or Tenant which might, absent such provision, result in a forfeiture of all or a part of such insurance payment, (ii) the date repaidoccupation or use of the Leased Property for purposes more hazardous than those permitted by the provisions of such policy, (iii) any foreclosure or other action or proceeding taken by any Facility Mortgage pursuant to any provision of a mortgage, note, assignment or other document evidencing or securing a loan upon the happening of an event of default therein or (iv) any change in title to or ownership of the Leased Property.

Form Satisfactory, Etc. All insurance policies and endorsements ----------------------- required pursuant to this Article 9 shall be fully paid for, nonassessable and, --------- except for umbrella, worker's compensation, umbrella and flood and earthquake coverage, be issued by insurance carriers authorized to do business in the State, having a general policy holder's rating of no less than B++ in Best's latest rating guide. All such policies described in Sections 9.1(a) through (d) shall include no deductible in excess of that carried by the Guarantor and its Affiliated Persons at similar properties Two --------------------------- Hundred Fifty Thousand Dollars ($250,000) and, with the exception of the insurance described in Sections 9.1(e), shall name Landlord and any Hotel --------------- Mortgagee as additional insureds, as their interests may appear and to the extent of their indemnityappear. All loss adjustments shall be payable as provided in Article 10. Tenant shall cause all ---------- insurance premiums to be paid and shall deliver policies or certificates thereof to Landlord prior to their effective date (and, with respect to any renewal policy, prior to the expiration of the existing policy). All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any Hotel Mortgagee at the times required, Landlord shall have the right, but not the obligation, subject to the provisions of Section 12.5, to acquire such insurance and pay the premiums therefor, which ------------ amounts shall be payable to Landlord, upon demand, as Additional Charges, together with interest accrued thereon at the Overdue Rate from the date such payment is made until (but excluding) the date repaid.

Form Satisfactory, Etc. All insurance policies and endorsements required pursuant to this Article 9 shall be fully paid for, nonassessable and, except for umbrella, worker's compensation, flood and earthquake coverage, be issued by insurance carriers authorized to do business in the State, having a general policy holder's rating of no less than B++ in Best's latest rating guide. All such policies described in Sections 9.1(a) through (d) shall include no deductible in excess of that carried by the Guarantor and its Affiliated Persons at similar properties Two Hundred Fifty Thousand Dollars ($250,000) and, with the exception of the insurance described in Sections 9.1(e), shall name Landlord and any Hotel Mortgagee as additional insureds, as their interests may appear and to the extent of their indemnityappear. All loss adjustments shall be payable as provided in Article 10. Tenant shall cause all insurance premiums to be paid and shall deliver policies or certificates thereof to Landlord prior to their effective date (and, with respect to any renewal policy, prior to the expiration of the existing policy). All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any Hotel Mortgagee at the times 54 -47- required, Landlord shall have the right, but not the obligation, subject to the provisions of Section 12.5, to acquire such insurance and pay the premiums therefor, which amounts shall be payable to Landlord, upon demand, as Additional Charges, together with interest accrued thereon at the Overdue Rate from the date such payment is made until (but excluding) the date repaid.

Form Satisfactory, Etc. All insurance policies and endorsements required pursuant to this Article 9 shall be fully paid for, nonassessable and, except for umbrella, worker's compensation, flood and earthquake coverage, be issued by insurance carriers authorized to do business in the relevant State, having a general policy holder's rating of no less than B++ in Best's latest rating guide. All such policies described in Sections 9.1(a) through (d) shall include no deductible in excess of that carried by the Guarantor and its Affiliated Persons at similar properties Two Hundred Fifty Thousand Dollars ($250,000) and, with the exception of the insurance described in Sections 9.1(e), shall name Landlord and any Hotel Mortgagee as additional insureds, as their interests may appear and to the extent of their indemnityappear. All loss adjustments shall be payable as provided in Article 10. Tenant shall cause all insurance premiums to be paid and shall deliver policies or certificates thereof of insurance to Landlord prior to their effective date (and, with respect to any renewal policy, prior to the expiration of the existing policy). All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any Hotel Mortgagee at the times required, Landlord shall have the right, but not the obligation, subject to the provisions of Section 12.5, to acquire such insurance and pay the premiums therefor, which amounts shall be payable to Landlord, upon demand, as Additional Charges, together with interest accrued thereon at the Overdue Rate from the date such payment is made until (but excluding) the date repaid.

Form Satisfactory, Etc. All of the policies of insurance policies and endorsements required pursuant referred to this Article 9 in Section 13.1 shall be fully paid for, nonassessable and, except for umbrella, worker's compensation, flood written in a form reasonably satisfactory to Landlord and earthquake coverage, be issued by insurance carriers authorized to do business in the State, having a general policy holder's rating of no companies rated not less than B++ in A-X by A.M. Best's latest rating guideInsurance Guide. All such policies described in Sections 9.1(a) through (d) shall include no deductible in excess of that In addition, all insurance carried by the Guarantor and its Affiliated Persons at similar properties and, with the exception of the insurance described in Sections 9.1(e), Tenant hereunder shall name Landlord and any Hotel Mortgagee as additional insureds, as their interests may appear and have deductible amounts which are reasonably acceptable to the extent of their indemnity. All loss adjustments shall be payable as provided in Article 10Landlord. Tenant shall cause pay all premiums for the policies of insurance premiums referred to be paid in Section 13.1 and shall deliver policies or certificates thereof to Landlord prior to their effective date (and, and with respect to any renewal policy, at least 10 days prior to the expiration of the existing policy). All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail fails to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any Hotel Mortgagee at the times requiredsatisfy its obligations under this Section 13.4, Landlord shall have the rightbe entitled, but not the shall have no obligation, subject to the provisions of Section 12.5, to acquire effect such insurance and pay the premiums therefor, which amounts premiums shall be repayable to Landlord upon written demand as Additional Charges. Each insurer mentioned in Section 13.1 shall agree, by endorsement on the policy or policies issued by it, or by independent instrument furnished to Landlord, that it will give to Landlord 30 days' written notice before the policy or policies in question shall be altered in any material respect, allowed to expire or cancelled. Each such policy shall also provide that any loss otherwise payable thereunder shall be payable to Landlordnotwithstanding (i) any act or omission of Landlord or Tenant which might, upon demandabsent such provision, as Additional Chargesresult in a forfeiture of all or a part of such insurance payment, together with interest accrued thereon at the Overdue Rate from the date such payment is made until (but excludingii) the date repaidoccupation or use of the Leased Property for purposes more hazardous than those permitted by the provisions of such policy, (iii) any foreclosure or other action or proceeding taken by any Facility Mortgagee pursuant to any provision of a mortgage, note, assignment or other document evidencing or securing a loan upon the happening of an event of default therein or (iv) any change in title to or ownership of the Leased Property.

Form Satisfactory, Etc. All of the policies of insurance policies and endorsements required pursuant referred to in this Article 9 15 shall be fully paid for, nonassessable and, except for umbrella, worker's compensation, flood written in a form reasonably satisfactory to Landlord and earthquake coverage, be issued by insurance carriers authorized to do business in the State, having a general policy holder's rating of no companies rated not less than B++ in B+, XI by A.M. Best's latest rating guide. All such policies described in Sections 9.1(a) through (d) shall include no deductible in excess of that carried by the Guarantor and its Affiliated Persons at similar properties and, with the exception of the insurance described in Sections 9.1(e), shall name Landlord and any Hotel Mortgagee as additional insureds, as their interests may appear and to the extent of their indemnity. All loss adjustments shall be payable as provided in Article 10Insurance Guide. Tenant shall cause pay all premiums for the policies of insurance premiums referred to be paid in Sections 15.1 and 15.2 and shall deliver policies or certificates thereof to Landlord prior to their effective date (and, and with respect to any renewal policy, at least ten (10) days prior to the expiration of the existing policy). All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail fails to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any Hotel Mortgagee at the times requiredsatisfy its obligations under this Article 15, Landlord shall have the rightbe entitled, but not the shall have no obligation, subject to the provisions of Section 12.5, to acquire effect such insurance and pay the premiums therefor, which amounts premiums shall be repayable to Landlord upon written demand as Additional Charges. Each insurer issuing policies pursuant to this Article 15 shall agree, by endorsement on the policy or policies issued by it, or by independent instrument furnished to Landlord, that it will give to Landlord thirty (30) days' written notice before the policy or policies in question shall be altered, allowed to expire or cancelled. Each such policy shall also provide that any loss otherwise payable thereunder shall be payable to Landlordnotwithstanding (i) any act or omission of Landlord or Tenant which might, upon demandabsent such provision, as Additional Chargesresult in a forfeiture of all or a part of such insurance payment, together with interest accrued thereon at the Overdue Rate from the date such payment is made until (but excludingii) the date repaidoccupation or use of the Property for purposes more hazardous than those permitted by the provisions of such policy, (iii) any foreclosure or other action or proceeding taken by any Facility Mortgagee pursuant to any provision of a mortgage, note, assignment or other document evidencing or securing a loan upon the happening of an event of default therein or (iv) any change in title to or ownership of the Property.

Form Satisfactory, Etc. All insurance policies and endorsements ----------------------- required pursuant to this Article 9 shall be fully paid for, nonassessable and, --------- except for umbrella, worker's compensation, umbrella and flood and earthquake coverage, be issued by insurance carriers authorized to do business in the State, having a general policy holder's rating of no less than B++ in Best's latest rating guide. All such policies described in Sections 9.1(a) through (d) shall d)shall include no deductible in excess of that carried by the Guarantor and its Affiliated Persons at similar properties Two -------------------------- Hundred Fifty Thousand Dollars ($250,000) and, with the exception of the insurance described in Sections Section 9.1(e), shall name Landlord and any Hotel ------------- Mortgagee as additional insureds, as their interests may appear and to the extent of their indemnityappear. All loss adjustments shall be payable as provided in Article 10. Tenant shall cause all ---------- insurance premiums to be paid and shall deliver policies or certificates thereof to Landlord prior to their effective date (and, with respect to any renewal policy, prior to the expiration of the existing policy). All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days days' prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any Hotel Mortgagee at the times required, Landlord shall have the right, but not the obligation, subject to the provisions of Section 12.5, to acquire such insurance and pay the premiums therefor, which amounts shall be payable to Landlord, upon demand, as Additional Charges, together with interest accrued thereon at the Overdue Rate from the date such payment is made until (but excluding) the date repaid.

Form Satisfactory, Etc. All insurance policies and endorsements required pursuant to this Article 9 shall be fully paid for, nonassessable and, except for umbrella, worker's compensation, flood and earthquake coverage, be issued by insurance carriers authorized to do business in the State, having a general policy holder's rating of no less than B++ in Best's latest rating guide. All such policies described in Sections 9.1(a) through (d) shall include no deductible in excess of that carried by the Guarantor and its Affiliated Persons at similar properties Two Hundred Fifty Thousand Dollars ($250,000) and, with the exception of the insurance described in Sections 9.1(e), shall name Landlord and any the Hotel Mortgagee as additional insureds, as their interests may appear and to the extent of their indemnityappear. All loss adjustments shall be payable as provided in Article 10, except that losses under Sections 9.1(c) and 9.1(e) shall be payable directly to the party entitled thereto. Tenant shall cause all insurance premiums to be paid and shall deliver policies or certificates thereof to Landlord prior to their effective date (and, with respect to any renewal policy, prior to the expiration of the existing policy). All such policies shall provide Landlord (and any the Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any the Hotel Mortgagee at the times required, Landlord shall have the right, upon Notice to Tenant, but not the obligation, subject to the provisions of Section 12.5, to acquire such insurance and pay the premiums therefor, which amounts shall be payable to Landlord, upon demand, as Additional Charges, together with interest accrued thereon at the Overdue Interest Rate from the date such payment is made until (but excluding) the date repaid.

Form Satisfactory, Etc. All insurance policies and endorsements required pursuant to this Article 9 shall be fully paid for, nonassessable and, except for umbrella, worker's compensation, flood and earthquake coverage, be issued by insurance carriers authorized to do business in the relevant State, having a general policy holder's rating of no less than B++ in Best's latest rating guide. All such policies described in Sections 9.1(a) through (d) shall include no deductible in excess of that carried by Two Hundred Fifty Thousand Dollars ($250,000) for any one Leased Property and no deductible in excess of One Million Dollars ($1,000,000) in the Guarantor and its Affiliated Persons at similar properties aggregate for the Collective Leased Properties, and, with the exception of the insurance described in Sections Section 9.1(e), shall name Landlord and any Hotel Mortgagee as additional insureds, as their interests may appear and to the extent of their indemnityappear. All loss adjustments shall be payable as provided in Article 10. Tenant shall cause all insurance premiums to be paid and shall deliver policies or certificates thereof of insurance to Landlord prior to their effective date (and, with respect to any renewal policy, prior to the expiration of the existing policy). All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any Hotel Mortgagee at the times required, Landlord shall have the right, but not the obligation, subject to the provisions of Section 12.5, to acquire such insurance and pay the premiums therefor, which amounts shall be payable to Landlord, upon demand, as Additional Charges, together with interest accrued thereon at the Overdue Rate from the date such payment is made until (but excluding) the date repaid.

Form Satisfactory, Etc. All insurance policies and endorsements ----------------------- required pursuant to this Article 9 shall be fully paid for, nonassessable and, except for umbrella, worker's compensation, flood and earthquake coverage, --------- be issued by insurance carriers authorized to do business in the State, having a general policy holder's rating of no less than B++ in Best's latest rating guide. All such policies described in Sections 9.1(a) through (d) shall include --------------------------- no deductible in excess of that carried by the Guarantor and its Affiliated Persons at similar properties Two Hundred Fifty Thousand Dollars ($250,000) and, with the exception of the insurance described in Sections 9.1(e), shall name --------------- Landlord and any Hotel Mortgagee as additional insureds, as their interests may appear and to the extent of their indemnityappear. All loss adjustments shall be payable as provided in Article 10. ---------- Tenant shall cause all insurance premiums to be paid and shall deliver policies or certificates thereof to Landlord prior to their effective date (and, with respect to any renewal policy, prior to the expiration of the existing policy). All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any Hotel Mortgagee at the times required, Landlord shall have the right, but not the obligation, subject to the provisions of Section 12.5, to acquire such insurance and pay the premiums therefor, which amounts shall be payable to Landlord, upon demand, as Additional Charges, together with interest accrued thereon at the Overdue Rate from the date such payment is made until (but excluding) the date repaid.

Form Satisfactory, Etc. All insurance policies and endorsements required pursuant to this Article 9 shall be fully paid for, nonassessable and, except for umbrella, worker's compensation, umbrella and flood and earthquake coverage, be issued by insurance carriers authorized to do business in the State, having a general policy holder's rating of no less than B++ in Best's latest rating guide. All such policies described in Sections 9.1(a) through (d) shall include no deductible in excess of that carried by the Guarantor and its Affiliated Persons at similar properties Two Hundred Fifty Thousand Dollars ($250,000) and, with the exception of the insurance described in Sections 9.1(e), shall name Landlord and any Hotel Mortgagee as additional insureds, as their interests may appear and to the extent of their indemnityappear. All loss adjustments shall be payable as provided in Article 10. Tenant shall cause all insurance premiums to be paid and shall deliver policies or certificates thereof to Landlord prior to their effective date (and, with respect to any renewal policy, prior to the expiration of the existing policy). All such policies shall provide Landlord (and any Hotel Mortgagee if required by the same) thirty (30) days prior written notice of any material change or cancellation of such policy. In the event Tenant shall fail to effect such insurance as herein required, to pay the premiums therefor or to deliver such policies or certificates to Landlord or any Hotel Mortgagee at the times required, Landlord shall have the right, but not the obligation, subject to the provisions of Section 12.5, to acquire such insurance and pay the premiums therefor, which amounts shall be payable to Landlord, upon demand, as Additional Charges, together with interest accrued thereon at the Overdue Rate from the date such payment is made until (but excluding) the date repaid.