Common use of Increase in Fire Insurance Premium Clause in Contracts

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. Tenant agrees to pay any increase in premiums for fire and extended coverage insurance that may be charged during the term of this Lease on the amount of such insurance which may be carried by Landlord on the Leased Premises or the 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. 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 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 occupation and use of the Leased Premises causes any increase of premium for the fire, boiler and/or casualty rates on the Leased Premises 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 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 tendered by Landlord to Tenant at such times as Landlord may elect and shall be due from, and payable by Tenant to Landlord when rendered, and the amount thereof shall be deemed to be Additional Rent.

Appears in 1 contract

Samples: Lease Agreement (LMP Automotive Holdings Inc.)

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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. Tenant agrees to pay any increase in premiums for fire and extended coverage insurance that may be charged during the term of this Lease on the amount of such insurance which may be carried by Landlord on the Leased Premises or the Shopping Center 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. 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 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 shall not knowingly use or occupy the Leased Premises required by the company issuing Landlord' s fire insurance so as to avoid the cancellation ofor any part thereof, or suffer or permit the increase in premiums on, said insurance. A tenant with the Permitted Use herein is deemed same to be a tenant acceptable under the standard used or occupied for any business or purpose deemed extra-hazardous on account of fire and extended insurance coverageor otherwise. In the event Tenant’s occupation and 's use of the Leased Premises and/or occupancy causes any increase of or premium for the fire, boiler and/or casualty rates on the Leased Premises 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 by reason thereofpolicies. The Tenant shall 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 casualtyfire. Bills for such additional premiums shall be tendered rendered by Landlord to Tenant at such times as Landlord may elect elect, and shall be due from, from and payable by Tenant to Landlord when rendered, and the amount thereof shall be deemed to be, and be Additional Rentpaid as, additional rent, but such increases in the rate of insurance shall not be deemed a breach of this covenant by Tenant.

Appears in 1 contract

Samples: Shopping Center Lease (Progressive Telecommunications Corp)

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 and extended risk insurance policy. Tenant agrees to pay or result in a nuisance or which shall cause any increase in premiums of premium for fire and extended coverage insurance that may be charged during the term of this Lease on the amount of such insurance which may be carried by Landlord fire, boiler or casualty rates on the Leased Premises or the Shopping Center of which they are a partBusiness Centre or any part thereof and the Tenant shall pay such additional premium on the fire, resulting from the type of merchandise sold by Tenant boiler or casualty insurance policies in the Leased Premisesevent of any such increases, whether or not Landlord has consented to and the sameadditional premium shall be collectable 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 issued by the organization making setting the insurance rate on the Leased PremisesBusiness Centre, 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 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 Leased Premises. Tenant agrees to promptly make, at The Landlord represents and warrants that the Tenant's cost, ’s use of the Premises as permitted by this Lease will not cause any repairs, alterations, changes and/or improvements to equipment in such increase. If notice of cancellation shall be given respecting any insurance policy or if any insurance policy upon 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 Business Centre or any part thereof shall be cancelled or refused to be a tenant acceptable under the standard fire and extended insurance coverage. In the event Tenant’s occupation and use renewed by an insurer by reason of the Leased Premises causes any increase use or occupation of premium for the fire, boiler and/or casualty rates on the Leased Premises or any part thereof above or the rate for acts or omissions of the least hazardous type of occupancy legally permitted in the Leased PremisesTenant, the Tenant shall pay the additional premium on the fire, boiler and/or casualty insurance policies by reason thereof. The Tenant also shall pay forthwith remedy or rectify such use or occupation upon being requested to do so in such event, any additional premium on the rent insurance policy that may be carried writing by the Landlord, and if the Tenant shall fail to do so within one (1) business day 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 such cancellation or refusal, or the Landlord may at its protection against option terminate this Lease forthwith by leaving upon the Leased Premises notice in writing and thereupon rent loss through fire or and any other casualtypayments 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 tendered rendered by the Landlord to the Tenant at such times as the Landlord may elect elect, and shall be due from, and payable by the Tenant to Landlord within (30) thirty days of when rendered, and the amount thereof shall be deemed to be, and be paid as Additional Rent.

Appears in 1 contract

Samples: Lease Agreement (Wireless Ronin Technologies Inc)

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 any article anything which may shall be prohibited by the standard form of fire and extended risk insurance policy. Tenant agrees to pay or result in a nuisance or which shall cause any increase in premiums of premium for fire and extended coverage insurance that may be charged during the term of this Lease on the amount of such insurance which may be carried by Landlord fire, boiler and/or casualty rates on the Leased Premises or the Shopping Center of which they are a part, resulting from Building or any part thereof above the rate for the least hazardous type of merchandise sold by Tenant occupancy legally permitted in the Leased PremisesPremises and the Tenant shall pay such additional premium on the fire, whether boiler and/or casualty insurance policies. 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. If notice of cancellation shall be given respecting any insurance policy or not if any insurance policy upon the Leased Premises or the 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 has consented shall have the right to enter the Leased Premises and rectify the situation, without liability to the sameTenant 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 such cancellation or refusal. In determining whether increased premiums are the result of the Tenant's ’s use of the Leased Premises, a schedule schedule, issued by the organization making the insurance rate on the 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 of 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 occupation and use of the Leased Premises causes any increase of premium for the fire, boiler and/or casualty rates on the Leased Premises 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 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 tendered rendered by the Landlord to the Tenant at such times as the Landlord may elect elect, and shall be due from, from and payable by the Tenant to Landlord when rendered, and the amount thereof shall be deemed to be and be paid as Additional Rent.

Appears in 1 contract

Samples: Lease Agreement (Trillium Therapeutics Inc.)

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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. Tenant agrees to pay any increase in premiums for fire and extended coverage insurance that may be charged during the term of this Lease on the amount of such insurance which may be carried by Landlord on the Leased Premises or the 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. In determining whether increased premiums are the result of Tenant's ’s use of the Leased Premises, a schedule issued by the organization making the insurance rate on the 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 ’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 occupation and use of the Leased Premises causes any increase of premium for the fire, boiler and/or casualty rates on the Leased Premises 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 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 tendered by Landlord to Tenant at such times as Landlord may elect and shall be due from, and payable by Tenant to Landlord when rendered, and the amount thereof shall be deemed to be Additional Rent.

Appears in 1 contract

Samples: Lease Agreement (LMP Automotive Holdings Inc.)

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