Common use of Increase in Fire Insurance Premium Clause in Contracts

Increase in Fire Insurance Premium. Lessee agrees not to keep upon The Demised Premises any article or goods which may be prohibited by the standard form of fire insurance policy. It is agreed between the parties that in the event the insurance rates applicable to fire and extended coverage insurance covering the Demised Premises shall be increased by reason of any use of the Demised Premises made by the Lessee, then Lessee shall pay to Lessor such increase in insurance as shall be occasioned by said use.

Increase in Fire Insurance Premium. Lessee agrees not to keep upon The the Demised Premises any article or goods which may be prohibited by the standard form of fire insurance policy. It is agreed between the parties that in the event the insurance rates applicable to fire and extended coverage insurance covering the Demised Premises shall be increased by reason of any use of the Demised Premises made by the Lessee, then Lessee shall pay to Lessor such increase in insurance as shall be occasioned by said use.