Common use of Hazardous Use Clause in Contracts

Hazardous Use. The Tenant shall not do, omit to do or permit to be done anything which will cause or shall have the effect of causing the cost of the Landlord’s insurance in respect of the Leased Premises or any part thereof to be increased at any time during the Term or any policy of insurance on or relating to the Leased Premises to be subject to cancellation. Without waiving the foregoing prohibition, the Landlord may demand and the Tenant shall pay to the Landlord upon demand, the amount of any increase in the cost of insurance caused by anything so done or omitted to be done. The Tenant shall forthwith upon the Landlord’s request comply with the reasonable requirements of the Landlord’s insurers, cease any activity complained of and make good any circumstance which has caused any increase in insurance premiums or the cancellation of any insurance policy. The Landlord shall use commercially reasonable efforts to obtain a schedule or statement from the Person who computes the insurance rates for the Landlord showing the components of the insurance rate and in determining the amount of increased premiums for which the Tenant is responsible, such schedule or statement shall be conclusive evidence of the items that make up the rate. If any policy of insurance in respect of the Leased Premises or any part thereof is cancelled or becomes subject to cancellation by reason of anything so done or omitted to be done, the Landlord may without prior notice terminate this Lease and re-enter the Leased Premises.

Appears in 1 contract

Samples: Lease Agreement (Photowatt Technologies Inc.)

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Hazardous Use. The Tenant shall not do, omit to do or permit to be done anything which will cause or shall may have the effect of causing the cost of the Landlord’s 's insurance in respect of the Leased Premises Project or any part thereof to be increased at any time during the Term or any policy of insurance on or relating to the Leased Premises Project to be subject to cancellation. Without waiving or limiting the foregoing prohibition, the Landlord may demand and the Tenant shall pay to the Landlord upon demand, the amount of any increase in the cost of insurance caused by anything so done or omitted or permitted to be done. The Tenant shall forthwith upon the Landlord’s 's request comply with the reasonable requirements of the Landlord’s 's insurers, cease any activity complained of and make good any circumstance which has caused any increase in insurance premiums or the cancellation or threatened cancellation of any insurance policy. The Landlord shall use commercially reasonable efforts to obtain a schedule or statement from the Person who computes the insurance rates for the Landlord showing the components of the insurance rate and in In determining the amount of increased premiums for which the Tenant is responsible, such a schedule or statement issued by the person or corporation which computes the insurance rates for the Landlord showing the components of the rate shall be conclusive evidence of the items that make up the rate. If any policy of insurance in respect of the Leased Premises Project or any part thereof is cancelled or becomes subject to cancellation by reason of anything so done or omitted or permitted to be done, the Landlord may without prior notice terminate this Lease and re-enter the Leased Premises.

Appears in 1 contract

Samples: Lease Amending and Extension Agreement (Ym Biosciences Inc)

Hazardous Use. The Tenant shall not do, omit to do or permit to be done anything which will cause or shall may have the effect of causing the cost of the Landlord’s insurance in respect of the Leased Premises Project or any part thereof to be increased at any time during the Term or any policy of insurance on or relating to the Leased Premises Project to be subject to cancellation. Without waiving or limiting the foregoing prohibition, the Landlord may demand and the Tenant shall pay to the Landlord upon demand, the amount of any increase in the cost of insurance caused by anything so done or omitted or permitted to be done. The Tenant shall forthwith upon the Landlord’s request comply with the reasonable requirements of the Landlord’s insurers, cease any activity complained of and make good any circumstance which has caused any increase in insurance premiums or the cancellation or threatened cancellation of any insurance policy. The Landlord shall use commercially reasonable efforts to obtain In determining the amount of increased premiums for which the Tenant is responsible, a schedule or statement from issued by the Person who computes the insurance rates for the Landlord showing the components of the insurance rate and in determining the amount of increased premiums for which the Tenant is responsible, such schedule or statement shall be conclusive evidence of the items that make up the rate. If any policy of insurance in respect of the Leased Premises Project or any part thereof is cancelled or becomes subject to cancellation by reason of anything so done or omitted or permitted to be done, the Landlord may without upon prior written notice to the Tenant, and then only if the Landlord is unable to remedy the cause of the cancellation within 24 hours of notice, terminate this Lease and re-enter the Leased Premises. The Landlord hereby acknowledges that to the best of its knowledge the use of the Leased Premises for the purposes set out in Section 5.01 shall not, per se, cause an increase in the cost of or cause the cancellation of the Landlord’s insurance, provided that such use is carried on by the Tenant in compliance with the requirements of this Lease.

Appears in 1 contract

Samples: Lease Agreement (Shopify Inc.)

Hazardous Use. The Tenant shall not do, omit to do or permit to be done anything which will cause or shall have the effect of causing the cost of the Landlord’s 's insurance in respect of the Leased Premises Project or any part thereof to be increased at any time during the Term or any policy of insurance on or relating to the Leased Premises Project to be subject to cancellation. Without waiving the foregoing prohibition, the Landlord may demand and the Tenant shall pay to the Landlord upon demand, the amount of any increase in the cost of insurance caused by anything so done or omitted to be done. The Tenant shall forthwith upon the Landlord’s 's request comply with the reasonable requirements of the Landlord’s insurers, 's insurers cease any activity complained of and an make good any circumstance which has caused any increase in insurance premiums or the cancellation of any insurance policy. The Landlord shall use commercially reasonable efforts to obtain a schedule or statement from the Person who computes the insurance rates for the Landlord showing the components of the insurance rate and in In determining the amount of increased premiums for which the Tenant is responsible, such a schedule or statement issued by the person or corporation which computes the insurance rates for the Landlord showing the components of the rate shall be conclusive evidence of the items that make up the rate. If any policy of insurance in respect of the Leased Premises Project or any part xxx thereof is cancelled or becomes subject to cancellation by reason of anything so done or omitted to be done, the Landlord may without prior notice terminate this Lease and re-enter the Leased Premises.

Appears in 1 contract

Samples: Office Lease (Moventis Capital, Inc.)

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Hazardous Use. The Tenant shall not do, omit to do or permit to be done anything which will cause or shall may have the effect of causing the cost of the Landlord’s 's insurance in respect of the Leased Premises Project or any part thereof to be increased at any time during the Term or any policy of insurance on or relating to the Leased Premises Project to be subject to cancellation. Without waiving or limiting the foregoing prohibition, the Landlord may demand and the Tenant shall pay to the Landlord upon demand, the amount of any increase in the cost of insurance caused by anything so done or omitted or permitted to be done. The Tenant shall forthwith upon the Landlord’s 's request comply with the reasonable requirements of the Landlord’s 's insurers, cease any activity complained of and make good any circumstance which has caused any increase in insurance premiums or the cancellation or threatened cancellation of any insurance policy. The Landlord shall use commercially reasonable efforts to obtain In determining the amount of increased premiums for which the Tenant is responsible, a schedule or statement from issued by the Person who computes the insurance rates for the Landlord showing the components of the insurance rate and in determining the amount of increased premiums for which the Tenant is responsible, such schedule or statement shall be conclusive evidence of the items that make up the rate. If any policy of insurance in respect of the Leased Premises Project or any part thereof is cancelled or becomes subject to cancellation by reason of anything so done or omitted or permitted to be done, the Landlord may without prior notice terminate this Lease and re-enter the Leased Premises.,

Appears in 1 contract

Samples: Lease of Office Space (Telvent Git S A)

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