Increase in Fire Insurance Premium. Tenant agrees that it will not keep, use, sell or offer for sale in or upon the Premises any article which may be prohibited by the standard form of fire insurance policy ordinarily maintained for restaurants in the Chicago Metropolitan area unless Tenant has obtained Landlord's prior written consent and has agreed to pay any portion of the increase in fire insurance policies resulting from such change. Tenant agrees to pay any increase in premiums for fire and extended coverage or other insurance that may be charged during the Lease Term on the amount of such insurance which may be carried by Landlord on the Premises or the Project resulting from the type of merchandise sold by Tenant in the Premises, whether or not Landlord has consented to the same, provided that such merchandise is of a type or nature different from that customarily sold in restaurants of the type contemplated under this Lease to be operated by Tenant at the Premises. In determining whether increased premiums are the result of Tenant's use of the Premises, a schedule, issued by the organization making the insurance rate on the 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. In the event Tenant's particular manner of use or operation of the Premises is different from customary and ordinary white tablecloth restaurant operations or use and such extraordinary manner causes any increase of premium for the public liability, fire and other peril insurance rates on the Premises or Project or any part thereof above the rate for the least hazardous type of occupancy legally permitted in the Premises, the Tenant shall pay the additional premium on such insurance policies by reason thereof. Bills for such additional premiums shall be rendered by Landlord to Tenant at such times as Landlord may reasonably elect, and shall be due from Tenant within ten (10) days after the date rendered, and the amount thereof shall be deemed to be, and be paid as, Additional Rent. Landlord represents that Tenant's intended use of the Premises as a restaurant shall not, in and of itself, cause an increase in Landlord's insurance premiums.
Appears in 2 contracts
Samples: Retail Lease (New York Restaurant Group Inc), Retail Lease (Smith & Wollensky Restaurant Group Inc)
Increase in Fire Insurance Premium. Tenant agrees that it will not keep, use, sell or offer for sale in or upon the Leased Premises any article which may be prohibited by the standard form of fire and extended risk insurance policy ordinarily maintained for restaurants in the Chicago Metropolitan area unless Tenant has obtained Landlord's prior written consent and has agreed to pay any portion of the increase in fire insurance policies resulting from such changepolicy. Tenant agrees to pay any increase in premiums for fire and extended coverage or other insurance that may be charged during the term of this Lease Term on the amount of such insurance which may be carried by Landlord on the Premises said premises or the Project building of which they are a part, resulting from the type of merchandise sold by Tenant article being located in the Leased Premises, whether or not Landlord has consented to the same, provided that such merchandise is of a type or nature different from that customarily sold in restaurants of the type contemplated under this Lease to be operated by Tenant at the Premises. In determining whether increased premiums are the result of Tenant's use of the Leased Premises, a schedule, schedule issued by the organization making the insurance rate on the Premises Leased 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 Leased Premises. Tenant agrees to promptly make, at Tenant's cost, any repairs, alterations, changes and/or improvements to equipment in the Leased Premises required by the company issuing Landlord's fire insurance so as to avoid the cancellation of, or the increase in premiums on, said insurance. In the event Tenant's particular manner of occupation and use or operation of the Leased Premises is different from customary and ordinary white tablecloth restaurant operations or use and such extraordinary manner causes any increase of premium for the public liabilityfire, fire and other peril insurance boiler and/or casualty rates on the Leased Premises or Project or any part thereof above the rate for the least hazardous type of occupancy legally permitted in the Premisespremises, the Tenant shall pay the additional premium on such the fire, boiler and/or casualty insurance policies by reason thereof. The Tenant also shall pay in such event, any additional premium on the rent insurance policy that may be carried by the Landlord for its protection against rent loss through fire or other casualty. Bills for such additional premiums shall be rendered by Landlord to Tenant at such times as Landlord may reasonably elect, elect and shall be due from from, and payable by Tenant within ten (10) days after the date when rendered, and the amount thereof shall be deemed to be, and be paid as, Additional Rent. Landlord represents that Tenant's intended use of the Premises as a restaurant shall not, in and of itself, cause an increase in Landlord's insurance premiumsadditional rent.
Appears in 2 contracts
Samples: Lease Agreement (Mackenzie Investment Management Inc), Lease Agreement (Mackenzie Investment Management Inc)
Increase in Fire Insurance Premium. Tenant LESSEE agrees that it will not keep, use, sell or offer for sale in or upon the Leased Premises any article which may be prohibited by the standard form of fire insurance policy ordinarily maintained for restaurants in the Chicago Metropolitan area unless Tenant has obtained Landlord's prior written consent and has agreed to pay any portion of the increase in fire insurance policies resulting from such change. Tenant agrees to pay any increase in premiums for fire and extended coverage or other risk insurance that may be charged during the term of this Lease Term on the amount of such insurance which may be carried by Landlord LESSOR on the Premises said premises or the Project building of which they are a part, resulting from the type of merchandise maintained or sold by Tenant LESSEE in the Leased Premises, whether or not Landlord LESSOR has consented to the same, provided that such merchandise is of a type or nature different from that customarily sold in restaurants of the type contemplated under this Lease to be operated by Tenant at the Premises. In determining whether increased premiums are the result of TenantLESSEE's use of the Leased Premises, a schedule, schedule issued by the organization making the insurance rate on the Premises Leased 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 Leased Premises. LESSEE agrees to promptly make, at LESSEE's cost, any repairs, alterations, changes and/or improvements to equipment in the Leased Premises required by the company insuring LESSOR's fire insurance so as to avoid the cancellation of, or the increase in premiums on said insurance. In the event TenantLESSEE's particular manner occupancy and use of use or operation of the Leased Premises is different from customary and ordinary white tablecloth restaurant operations or use and such extraordinary manner causes any increase of premium for the public liability, fire and other peril insurance and/or casualty rates on the Leased Premises or Project or any part thereof above the rate for the least hazardous type of occupancy legally permitted in on the Premisespremises, the Tenant LESSEE shall pay the additional premium on such the fire, boiler and/or casualty insurance policies by reason thereof. The LESSEE also shall pay in such event, any additional premium on the rent insurance policy that may be carried by the LESSOR for its protection against rent loss through fire or other casualty. Bills for such additional premiums shall be rendered by Landlord LESSOR to Tenant LESSEE at such times as Landlord LESSOR may reasonably elect, elect and shall be due from Tenant within ten (10) days after the date payable by LESSEE when rendered, and the amount thereof shall be deemed to be, and be paid as, Additional Rent. Landlord represents that Tenant's intended use of the Premises as a restaurant shall not, in and of itself, cause an increase in Landlord's insurance premiumsadditional rent.
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Increase in Fire Insurance Premium. The Tenant agrees that it covenants with the Landlord that, except for the use of the Leased Premises in accordance with Section 7.01 hereof, the Tenant will not keep, use, sell do or offer for sale in omit or permit to be done or omitted upon the Leased Premises anything which shall be or result in a nuisance or which shall cause any article which may be prohibited by increase of premium for the standard form fire, boiler and/or casualty rates on the Leased Premises or the Building or any part thereof above the rate for the least hazardous type of fire occupancy legally permitted in the Leased Premises and the Tenant shall pay such additional premium on the fire, boiler and/or casualty insurance policies. The Tenant also shall pay in such event any additional premium on the rent insurance policy ordinarily maintained for restaurants in the Chicago Metropolitan area unless Tenant has obtained Landlord's prior written consent and has agreed to pay any portion of the increase in fire insurance policies resulting from such change. Tenant agrees to pay any increase in premiums for fire and extended coverage or other insurance that may be charged during the Lease Term on the amount of such insurance which may be carried by the Landlord on for its protection against rent loss through fire. If notice of cancellation shall be given respecting any insurance policy or if any insurance policy upon the Leased Premises or the Project Building or any part thereof shall be cancelled or refused to be renewed by an insurer by reason of the use or occupation of the Leased Premises or any part thereof or the acts or omissions of the Tenant, the Tenant shall forthwith remedy or rectify such use or occupation upon request to do so in writing by the Landlord, and if the Tenant shall fail to do so within twenty-four (24) hours of such written request, the Landlord shall have the right to enter the Leased Premises and rectify the situation, without liability to the Tenant for any loss or damage occasioned by such entry and rectification, or shall be entitled to hold the Tenant liable for any damage or loss resulting from the type of merchandise sold by Tenant in the Premises, whether such cancellation or not Landlord has consented to the same, provided that such merchandise is of a type or nature different from that customarily sold in restaurants of the type contemplated under this Lease to be operated by Tenant at the Premisesrefusal. In determining whether increased premiums are the result of the Tenant's ’s use of the Leased Premises, a schedule, issued by the organization making the insurance rate on the Premises Leased 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. In the event Tenant's particular manner of use or operation of the Premises is different from customary and ordinary white tablecloth restaurant operations or use and such extraordinary manner causes any increase of premium for the public liability, fire and other peril insurance rates on the Premises or Project or any part thereof above the rate for the least hazardous type of occupancy legally permitted in the Leased Premises, the Tenant shall pay the additional premium on such insurance policies by reason thereof. Bills for such additional premiums shall be rendered by the Landlord to the Tenant at such times as the Landlord may reasonably elect, and shall be due from and payable by the Tenant within ten (10) days after the date when rendered, and the amount thereof shall be deemed to be, be and be paid as, as Additional Rent. Landlord represents that Tenant's intended use of the Premises as a restaurant shall not, in and of itself, cause an increase in Landlord's insurance premiums.
Appears in 1 contract
Increase in Fire Insurance Premium. The Tenant agrees covenants with the Landlord that it the Tenant will not keep, use, sell do or offer for sale in omit or permit to be done or omitted upon the Leased Premises any article anything which may shall be prohibited by the standard form of fire insurance policy ordinarily maintained for restaurants or result in the Chicago Metropolitan area unless Tenant has obtained Landlord's prior written consent and has agreed to pay any portion of the increase in fire insurance policies resulting from such change. Tenant agrees to pay a nuisance or which shall cause any increase in premiums of premium for fire and extended coverage the fire, boiler or other insurance that may be charged during the Lease Term casualty rates on the amount of such insurance which may be carried by Landlord on the Leased Premises or the Project resulting from Business Centre or any part thereof and the type of merchandise sold by Tenant shall pay such additional premium on the fire, boiler or casualty insurance policies in the Premisesevent of any such increases, whether or not Landlord has consented to and the same, provided that such merchandise is of a type or nature different from that customarily sold in restaurants of the type contemplated under this Lease to additional premium shall be operated by Tenant at the Premisescollectable as Additional Rent. In determining whether increased premiums are the a result of the Tenant's use or occupancy of the Leased Premises, or the sale of any article therein or there from a schedule, schedule issued by the organization making setting the insurance rate on the Premises Business Centre, showing the various components of such rate, shall be conclusive evidence of the several items and charges which make up such rate. The Tenant shall comply promptly with all reasonable requirements of any underwriters association or of any insurer now or hereafter in effect, pertaining to or affecting the fire insurance rate on the Leased Premises. In The Landlord represents and warrants that the event Tenant's particular manner of ’s use or operation of the Premises is different from customary and ordinary white tablecloth restaurant operations as permitted by this Lease will not cause any such increase. If notice of cancellation shall be given respecting any insurance policy or use and such extraordinary manner causes if any increase of premium for insurance policy upon the public liability, fire and other peril insurance rates on the Leased Premises or Project the Business Centre or any part thereof above shall be cancelled or refused to be renewed by an insurer by reason of the rate for use or occupation of the least hazardous type Leased Premises or any part thereof or the acts or omissions of occupancy legally permitted in the PremisesTenant, the Tenant shall pay forthwith remedy or rectify such use or occupation upon being requested to do so in writing by the additional premium on Landlord, and if the Tenant shall fail to do so within one (1) business day of such insurance policies written request, the Landlord shall have the right to enter the Leased Premises and rectify the situation, without liability to the Tenant for any loss or damage occasioned by reason thereofsuch entry and rectification, or shall be entitled to hold the Tenant liable for any damage or loss resulting from such cancellation or refusal, or the Landlord may at its option terminate this Lease forthwith by leaving upon the Leased Premises notice in writing and thereupon rent and any other payments for which the Tenant is liable under this Lease shall be apportioned and paid in full to the date of such termination of the Lease, and together with an amount equal to the Fixed Minimum Rent payable under paragraph 2.01 hereof for a period of three (3) months as liquidated damages, and the Tenant shall immediately deliver up possession of the Leased Premises to the Landlord. Bills for such additional premiums shall be rendered by the Landlord to the Tenant at such times as the Landlord may reasonably elect, and shall be due from from, and payable by the Tenant within ten (1030) thirty days after the date of when rendered, and the amount thereof shall be deemed to be, and be paid as, as Additional Rent. Landlord represents that Tenant's intended use of the Premises as a restaurant shall not, in and of itself, cause an increase in Landlord's insurance premiums.
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Increase in Fire Insurance Premium. Tenant agrees that it will not keep, use, sell tell or offer for sale in or upon the Premises leased premises any article which may be prohibited by the standard form of fire insurance policy ordinarily maintained for restaurants in the Chicago Metropolitan area unless Tenant has obtained Landlord's prior written consent and has agreed to pay any portion of the increase in fire insurance policies resulting from such changepolicy. Tenant agrees to pay any increase in premiums for fire and extended coverage or other insurance that may be charged during the term of this Lease Term on the amount of such insurance which may be carried by Landlord Lessor on the Premises leased premises or the Project building of which they are a part, resulting from the type of merchandise sold sold, or the type of business activity conducted by Tenant in the Premisesleased premises, whether or not Landlord Lessor has consented to the same, provided that such merchandise is of a type or nature different from that customarily sold in restaurants of the type contemplated under this Lease to be operated by Tenant at the Premises. In determining whether increased premiums are the result of Tenant's use of the Premisesleased premises, a schedule, issued by the organization making setting the insurance rate on the Premises leased premises, showing the various components of such rate, shall be conclusive evidence of the several items and charges which make up the fire and extended coverage insurance rate on the Premisesleased premises. In the event Tenant's particular manner of use or operation of the Premises is different from customary and ordinary white tablecloth restaurant operations or use and such extraordinary manner occupancy causes any an increase of premium for the public liabilityfire, fire and other peril insurance boiler and/or casualty rates on the Premises or Project leased premises, or any part thereof thereof, above the rate for the least hazardous type of occupancy legally permitted in the Premisesleased premises, the Tenant shall pay the additional premium on such the fire, boiler and/or casualty insurance policies by reason thereof. The Tenant also shall pay in such event, any additional premium on the rent insurance policy that may be carried by the Lessor for its protection against loss through fire. Bills for such additional premiums shall be rendered by Landlord Lessor to Tenant at such times as Landlord Lessor may reasonably elect, elect and shall be due from from, and payable by Tenant within ten (10) days after the date when rendered, and the amount thereof shall be deemed to be, and be paid as, Additional Rent. Landlord represents that Tenant's intended use of the Premises as a restaurant shall not, in and of itself, cause an increase in Landlord's insurance premiumsadditional rent.
Appears in 1 contract
Increase in Fire Insurance Premium. Tenant agrees that it will not keep, use, sell or offer for sale in or upon the Premises leased premises any article which may be prohibited by the standard form of fire insurance policy ordinarily maintained for restaurants in the Chicago Metropolitan area unless Tenant has obtained Landlord's prior written consent and has agreed to pay any portion of the increase in fire insurance policies resulting from such changepolicy. Tenant agrees to pay any increase in premiums for fire and extended coverage or other insurance that may be charged during the Lease Term term of this lease on the amount of such insurance which may be carried by Landlord Owner on the Premises or the Project said leased premises resulting from the type of merchandise sold or materials used by Tenant Txxxxx in the Premisesleased premises, whether or not Landlord Owner has consented to the same, provided that such merchandise is of a type or nature different from that customarily sold in restaurants of the type contemplated under this Lease to be operated by Tenant at the Premises. In determining whether increased premiums are the result of Tenant's ’s use of the Premisesleased premises, a schedule, issued by the organization making the insurance rate on the Premises leased 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 Premisesleased premises. In the event Tenant's particular manner of use or operation of the Premises is different from customary and ordinary white tablecloth restaurant operations or use and such extraordinary manner ’s occupancy causes any increase of premium for the public liabilityfire, fire and other peril insurance boiler and/or casualty rates on the Premises or Project leased premises or any part thereof thereof, above the rate for the least hazardous type of occupancy legally permitted in the Premisesleased premises, the Tenant shall pay the additional premium on such the fire, boiler and/or casualty insurance policies by reason thereof. Tenant also shall pay in such event, any additional premium on the rent insurance policy that may be carried by Owner for its protection against rent loss through fire. Bills for such additional premiums shall be rendered by Landlord Owner to Tenant at such times as Landlord Owner may reasonably elect, and shall be due from due, from, and payable to Tenant within ten (10) business days after the date renderedof receipt by Tenant, and the amount thereof shall be deemed to be, and be paid as, Additional Rent. Landlord represents that Tenant's intended use of the Premises as a restaurant shall not, in and of itself, cause an increase in Landlord's insurance premiumsadditional rent.
Appears in 1 contract
Samples: Lease (Midwest Banc Holdings Inc)
Increase in Fire Insurance Premium. Tenant agrees that it will not keep, use, sell or offer for sale in or upon the Leased Premises any article which may be prohibited by the standard form of fire and extended risk insurance policy ordinarily maintained for restaurants in the Chicago Metropolitan area unless Tenant has obtained Landlord's prior written consent and has agreed to pay any portion of the increase in fire insurance policies resulting from such changepolicy. Tenant agrees to pay any increase in premiums for fire and extended coverage or other insurance that may be charged during the term of this Lease Term on the amount of such insurance which may be carried by Landlord on the Leased Premises or the Project Shopping Center of which they are a part, resulting from the type of merchandise sold by Tenant in the Leased Premises, whether or not Landlord has consented to the same, provided that such merchandise is of a type or nature different from that customarily sold in restaurants of the type contemplated under this Lease to be operated by Tenant at the Premises. In determining whether increased premiums are the result of Tenant's ’s use of the Leased Premises, a schedule, schedule issued by the organization making the insurance rate on the Premises Leased 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 Leased Premises. Tenant agrees to promptly make, at Tenant’s cost, any repairs, alterations, changes and/or improvements to equipment in the Leased Premises required by the company issuing Landlord’ s fire insurance so as to avoid the cancellation of, or the increase in premiums on, said insurance. A tenant with the Permitted Use herein is deemed to be a tenant acceptable under the standard fire and extended insurance coverage. In the event Tenant's particular manner of ’s occupation and use or operation of the Leased Premises is different from customary and ordinary white tablecloth restaurant operations or use and such extraordinary manner causes any increase of premium for the public liabilityfire, fire and other peril insurance boiler and/or casualty rates on the Leased Premises or Project or any part thereof above the rate for the least hazardous type of occupancy legally permitted in the Leased Premises, the Tenant shall pay the additional premium on such the fire, boiler and/or casualty insurance policies by reason thereof. The Tenant also shall pay in such event, any additional premium on the rent insurance policy that may be carried by the Landlord for its protection against rent loss through fire or other casualty. Bills for such additional premiums shall be rendered tendered by Landlord to Tenant at such times as Landlord may reasonably elect, elect and shall be due from from, and payable by Tenant within ten (10) days after the date to Landlord when rendered, and the amount thereof shall be deemed to be, and be paid as, Additional Rent. Landlord represents that Tenant's intended use of the Premises as a restaurant shall not, in and of itself, cause an increase in Landlord's insurance premiums.
Appears in 1 contract
Samples: Miami Beach Urgent Care Center Lease Agreement (LMP Automotive Holdings Inc.)
Increase in Fire Insurance Premium. Tenant agrees that it will not keep, use, sell or offer for sale in or upon the Leased Premises any article which may be prohibited by the standard form of fire and extended risk insurance policy ordinarily maintained for restaurants in the Chicago Metropolitan area unless Tenant has obtained Landlord's prior written consent and has agreed to pay any portion of the increase in fire insurance policies resulting from such changepolicy. Tenant agrees to pay any increase in premiums for fire and extended coverage or other insurance that may be charged during the term of this Lease Term on the amount of such insurance which may be carried by Landlord on the Premises said premises or the Project building of which they are a part, resulting from the type of merchandise sold by Tenant in the Leased Premises, whether or not Landlord has consented to the same, provided that such merchandise is of a type or nature different from that customarily sold in restaurants of the type contemplated under this Lease to be operated by Tenant at the Premises. In determining whether increased premiums are the result of Tenant's use of the Leased Premises, a schedule, schedule issued by the organization making the insurance rate on the Premises Leased 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 Leased Premises, Tenant agrees to promptly make, at Tenant's cost any repairs, alterations, changes and/or improvements to equipment in the Leased Premises required by the company issuing Landlord's fire insurance so as to avoid the cancellation of, or the increase in premiums on, said insurance. In the event Tenant's particular manner of occupation and use or operation of the Leased Premises is different from customary and ordinary white tablecloth restaurant operations or use and such extraordinary manner causes any increase of premium for the public liabilityfire, fire and other peril insurance boiler and/or casualty rates on the Leased Premises or Project or any part thereof above the rate for the least hazardous type of occupancy legally permitted in the Premisespremises, the Tenant shall pay the additional premium on such the fire, boiler and/or casualty insurance policies by reason thereof. The Tenant also shall pay in such event, any additional premium on the rent insurance policy that may be carried by the Landlord for its protection against rent loss through fire or other casualty. Bills for such additional premiums shall be rendered by Landlord to Tenant at such times as Landlord may reasonably elect, elect and shall be due from from, and payable by Tenant within ten (10) days after the date when rendered, and the amount thereof shall be deemed to be, and be paid as, Additional Rent. Landlord represents that Tenant's intended use of the Premises as a restaurant shall not, in and of itself, cause an increase in Landlord's insurance premiumsadditional rent.
Appears in 1 contract
Samples: Center Lease (Etravelserve Com Inc)
Increase in Fire Insurance Premium. Tenant agrees that it will not keep, use, sell or offer for sale in or upon the Leased Premises any article which may be prohibited by the standard form of fire insurance policy ordinarily maintained for restaurants in the Chicago Metropolitan area unless Tenant has obtained Landlord's prior written consent and has agreed to pay any portion of the increase in fire insurance policies resulting from such changepolicy. Tenant agrees to pay any increase in premiums for fire and extended coverage or other insurance that may be charged during the Lease Term on the amount of such insurance which may be carried by Landlord on the Leased Premises or the Project building of which they are a part, resulting from the type of merchandise sold or services rendered by Tenant in the Leased Premises, whether or not Landlord has consented to the same, provided that such merchandise is of a type or nature different from that customarily sold in restaurants of the type contemplated under this Lease to be operated by Tenant at the Premises. In determining whether increased premiums are the result of Tenant's use of the Leased Premises, a schedule, issued by the organization making the insurance rate on the Premises Leased 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 Leased Premises. Tenant shall not knowingly use or occupy the Leased Premises or any part thereof, or suffer or permit the same to be used or occupied for any business or purpose deemed extra-hazardous on account of fire or otherwise. In the event Tenant's particular manner of use or operation of the Premises is different from customary and ordinary white tablecloth restaurant operations or use and such extraordinary manner and/or occupancy causes any increase of or premium for the public liabilityfire, fire and other peril insurance boiler and/or casualty rates on the Leased Premises or Project or any part thereof above the rate for the least hazardous type of occupancy legally permitted in the Leased Premises, the Tenant shall pay the such additional premium on the fire, boiler and/or casualty insurance policies. Tenant shall also pay in such event, any additional premium on the rent insurance policies policy that may be carried by reason thereofLandlord for its protection against rent loss through fire. Bills for such additional premiums shall be rendered by Landlord to Tenant at such times as Landlord may reasonably elect, and shall be due from and payable by Tenant within ten (10) days after the date when rendered, and the amount thereof shall be deemed to be, and be paid as, Additional Rent. Landlord represents that additional rent, but such increases in the rate of insurance shall not be deemed a breach of this covenant by Tenant's intended use of the Premises as a restaurant shall not, in and of itself, cause an increase in Landlord's insurance premiums.
Appears in 1 contract
Increase in Fire Insurance Premium. Tenant agrees that it will not keep, use, sell or offer for sale in or upon the Leased Premises any article which may be prohibited by the standard form of fire and extended risk insurance policy ordinarily maintained for restaurants in the Chicago Metropolitan area unless Tenant has obtained Landlord's prior written consent and has agreed to pay any portion of the increase in fire insurance policies resulting from such changepolicy. Tenant agrees to pay any increase in premiums for fire and extended coverage or other insurance that may be charged during the term of this Lease Term on the amount of such insurance which may be carried by Landlord on the Leased Premises or the Project Shopping Center of which they are a part, resulting from the type of merchandise sold by Tenant in the Leased Premises, whether or not Landlord has consented to the same, provided that such merchandise is of a type or nature different from that customarily sold in restaurants of the type contemplated under this Lease to be operated by Tenant at the Premises. In determining whether increased premiums are the result of Tenant's use of the Leased Premises, a schedule, schedule issued by the organization making the insurance rate on the Premises Leased 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 Leased Premises. Tenant agrees to promptly make, at Tenant's cost, any repairs, alterations, changes and/or improvements to equipment in the Leased Premises required by the company issuing Landlord' s fire insurance so as to avoid the cancellation of, or the increase in premiums on, said insurance. A tenant with the Permitted Use herein is deemed to be a tenant acceptable under the standard fire and extended insurance coverage. In the event Tenant's particular manner of ’s occupation and use or operation of the Leased Premises is different from customary and ordinary white tablecloth restaurant operations or use and such extraordinary manner causes any increase of premium for the public liabilityfire, fire and other peril insurance boiler and/or casualty rates on the Leased Premises or Project or any part thereof above the rate for the least hazardous type of occupancy legally permitted in the Leased Premises, the Tenant shall pay the additional premium on such the fire, boiler and/or casualty insurance policies by reason thereof. The Tenant also shall pay in such event, any additional premium on the rent insurance policy that may be carried by the Landlord for its protection against rent loss through fire or other casualty. Bills for such additional premiums shall be rendered tendered by Landlord to Tenant at such times as Landlord may reasonably elect, elect and shall be due from from, and payable by Tenant within ten (10) days after the date to Landlord when rendered, and the amount thereof shall be deemed to be, and be paid as, Additional Rent. Landlord represents that Tenant's intended use of the Premises as a restaurant shall not, in and of itself, cause an increase in Landlord's insurance premiums.
Appears in 1 contract
Samples: Miami Beach Lease Agreement (LMP Automotive Holdings Inc.)
Increase in Fire Insurance Premium. Tenant agrees that it will not keep, use, sell or offer for sale in or upon the Premises leased premises any article which may be prohibited by the standard form of fire insurance policy ordinarily maintained for restaurants in the Chicago Metropolitan area unless Tenant has obtained Landlord's prior written consent and has agreed to pay any portion of the increase in fire insurance policies resulting from such changepolicy. Tenant agrees to pay any increase in premiums for fire and extended coverage or other insurance that may be charged during the Lease Term term of this lease on the amount of such insurance which may be carried by Landlord on the Premises said premises or the Project building of which they are a part, resulting from the type of merchandise sold by Tenant in the Premisesleased premises, whether or not Landlord has consented to the same, provided that such merchandise is of a type or nature different from that customarily sold in restaurants of the type contemplated under this Lease to be operated by Tenant at the Premises. In determining whether increased premiums are the result of Tenant's use of the Premisesleased premises, a schedule, issued by the organization making the insurance rate on the 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 of the Premiseslease premises. In the event Tenant's particular manner of use or operation of the Premises is different from customary and ordinary white tablecloth restaurant operations or use and such extraordinary manner occupancy causes any increase of premium for the public liabilityfire, fire and other peril insurance boiler and/or casualty rates on the Premises or Project leased premises or any part thereof above the rate for of the least hazardous type of occupancy legally permitted in the Premisesleased premises, the Tenant shall pay the additional premium on such the fire, boiler and/or casualty insurance policies by reason thereof. The Tenant also shall pay in such event, any additional premium on the rent insurance policy that may be carried by the Landlord for its protection against rent loss through fire. Bills for such additional premiums shall be rendered by Landlord to Tenant at such times as Landlord may reasonably elect, and shall be due from Tenant within ten (10) days after the date when rendered, and the amount thereof shall be deemed to be, and be paid as, Additional Rent. Landlord represents that Tenant's intended use of the Premises as a restaurant shall not, in and of itself, cause an increase in Landlord's insurance premiumsadditional rent.
Appears in 1 contract