Common use of Increased Insurance Clause in Contracts

Increased Insurance. Tenant agrees to pay its Pro Rata Share of that portion of all Casualty Insurance under Section 2.3e incurred or paid by Landlord in connection with the ownership and operation of the Building ("insurance") during each Adjustment Period which exceeds the amount of Base Operating Insurance subject to proration under Section 2.3.2 below. In the event that Landlord obtains additional coverages or increases the rate of coverage as of the commencement date of this Lease, Landlord agrees to adjust Base Year coverage as if such coverage had been included in the Base Year. Notwithstanding anything to the contrary herein, Landlord agrees that "Increased Insurance" shall not include any surcharge or unusual rate increase attributable to any non-office Tenant in the Building.

Appears in 4 contracts

Samples: Office Lease (Ask Jeeves Inc), Office Lease (Ask Jeeves Inc), Office Lease (Ask Jeeves Inc)

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