INSURANCE EXPENSE Clause Samples
INSURANCE EXPENSE. Beginning on the Phase I Commencement Date and continuing for the entire term hereof, Tenant shall pay to Landlord, as additional rental, Tenant's pro rata share of the insurance premiums (the "Insurance Expense") ----------------- for commercial general liability, and fire and extended coverage insurance on the Building and the Land, which shall be based upon the ratio of the square footage of the Premises to the total square footage of rentable space in the Building. Tenant shall pay its pro rata share of the Insurance Expense in advance in equal monthly installments in such amounts as are estimated by Landlord at the beginning of each calendar year during the term, each such installment being made along with payments of base rent hereunder. Tenant's pro rata share of the Insurance Expense for the initial year of the term is estimated by Landlord to be $.02 per square foot per year.
INSURANCE EXPENSE. Client shall pay directly the cost of the insurance coverage required to be maintained by Client under Paragraph 9.
INSURANCE EXPENSE. The Insurance Expense is recorded in FERC Accounts 924 and 925. Insurance expense included is related to the production plant and transmission and distribution substations in the same manner as the original cost of the plant investment for these facilities.
INSURANCE EXPENSE. Tenant’s current use of the Premises is viewed by insurers as posing an environmental risk, and Tenant currently maintains a blanket $2.0 million face amount environmental insurance policy covering its multiple operations and facilities in the United States. Tenant shall maintain such insurance during the Term of this Lease. Such insurance shall name Landlord as an additional insured and shall include an extended reporting period of at least one (1) year.
INSURANCE EXPENSE. (a) Lessee shall pay to Lessor, as additional rental hereunder, Lessee's proportionate share of Lessor's cost of insurance coverage for public liability fire, hazard, extended coverage, vandalism, malicious mischief and sprinkler leakage covering the Phase (except for amounts collected by Lessor from any tenant of the Project pursuant to Paragraph 5(b) herein). Lessee's proportionate share of any such insurance cost shall be computed by multiplying the total aggregate amount of such insurance cost increases by a fraction, the numerator of which is the rentable square footage of the Premises and the denominator of which is the Rentable Square Footage of the Phase. Whenever during the term of this Lease Lessor receives a ▇▇▇▇ for such insurance coverage, Lessor shall furnish to Lessee an insurance cost statement setting forth the amount of Lessee's proportionate share of all such insurance cost, computed as set forth herein above, and Lessee shall pay such amount to Lessor, as additional rental hereunder within ten (10) days following receipt of such statement. If the first or final year of the Lease term fails to coincide with a calendar year, Lessee's obligation to pay Lessee's proportionate share of Lessor's insurance cost, as set forth herein above, for the calendar year during which the Lease term commences or ends (as the case may be) shall be prorated and paid according to the number of days of the Lease term that fall within such calendar year.
(b) Lessee shall neither make nor permit any use of the Premises nor commit any act that will (i) increase the existing rate of insurance upon the Premises, the Building, the Phase or the Project or (ii) cause the cancellation of any insurance policy covering the Project, or any part thereof. Lessee shall neither sell nor permit to be kept, used or sold, in or about the Premises, any article or thing prohibited by the standard form of fire insurance policies. Lessee shall, at its sole cost and expense, comply with any and all requirements imposed by any insurance organization or company pertaining to the Premises and necessary for the maintenance of reasonable fire, hazard, extended coverage, vandalism, malicious mischief, sprinkler leakage and public liability insurance covering the Premises, the Building, the Phase and the Project. In addition to Lessee's proportionate share of insurance costs set forth in Paragraph 5
(a) herein, Lessee agrees to pay to Lessor upon demand, as additional rental hereunder, and...
INSURANCE EXPENSE. Purchaser shall be responsible for obtaining separate policies for any and all casualty, liability, and other insurance Purchaser desires to maintain with respect to the Property. Seller shall be entitled to any refund of any prepaid premiums on its own insurance policies. Seller shall provide to Purchaser prior to Closing a calculation of credits due tenants for reimbursements of insurance premiums for the periods from the Closing Date to the end of the current insurance premium year of Seller. Purchaser shall receive a credit at Closing against the Purchase Price for said credit due tenants for insurance.
INSURANCE EXPENSE. 5 The amount of insurance expense allowed as a Direct Operating Cost shall be 6 limited to the following amounts:
INSURANCE EXPENSE