Common use of Increase in Premiums Clause in Contracts

Increase in Premiums. Tenant shall not permit any operation or activity to be conducted or storage or use of any volatile or any other materials on or about the Demised Premises that would cause suspension or cancellation of any fire and extended coverage insurance policy carried by Landlord, or increase the premiums therefor, without the prior written consent of Landlord. If Tenant's use and occupancy of the Demised Premises causes an increase in the premiums for any fire and extended coverage insurance policy carried by Landlord as of the day immediately prior to Tenant's possession of the Demised Premises under this Lease, Tenant shall pay, as additional rental, the amount of such increase to Landlord upon demand and presentation of written evidence of the increase by Landlord.

Appears in 4 contracts

Samples: Lease Agreement (Global Election Systems Inc), Lease Agreement (Custom Chrome Inc /De), Lease Agreement (Craftmade International Inc)

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