Insurance Rent Clause Samples

Insurance Rent. 3.1 Throughout the Term the Tenant is to pay to the Landlord on demand as additional rent a fair and proper proportion, to be determined by the Landlord or the Landlord’s surveyor acting reasonably, of: the amount payable by way of premium by the Landlord, including any tax payable on that premium, for the Landlord’s insurance policies taken out in accordance with paragraphs 2.1.1 and 2.1.2; any expense that the Landlord may incur in obtaining an insurance valuation of the Building but not more than once every year; and any amount which may be deducted or disallowed by the insurers pursuant to any excess provision in the insurance policy upon settlement of any claim by the Landlord. 3.2 Throughout the Term the Tenant is to pay to the Landlord on demand as additional rent the whole of: the amount payable by way of premium by the Landlord, including any tax payable on that premium, for the Landlord’s insurance policies taken out in accordance with paragraph 2.1.3; any additional premium or loading on the policy of insurance for the Unit or the Building or any insurance policy for adjoining premises owned by the Landlord payable as a result of anything done or omitted to be done by the Tenant or as a result of the use of the Unit by the Tenant; and the costs of rebuilding the Building, demolition, site clearance, shoring-up, planning fees, architects’, legal and other professional fees and VAT where and to the extent that the insurance moneys are withheld by the insurers or are irrecoverable due in either case to the act or default of the Tenant.

Insurance Rent by way of further rent amounts payable at the times and in the manner set out in Part IV of the Sixth Schedule

Insurance Rent. If and to the extent that the Superior Landlord (in its absolute discretion) at any time and from time to time elects not to include in the Service Charge the proportion attributable to the Demised Premises of all or any of the insurance costs set out in paragraph 2.1 of Part One of the Schedule 2 of the Headlease and instead elects to make a separate demand to the Landlord in respect thereof then the Tenant shall pay to the Landlord on demand (as of the Term Commencement Date) as additional rent amounts equal to a fair proportion (to be determined by the Landlord or its surveyor) of amounts payable by the Landlord to the Superior Landlord under the Headlease

Insurance Rent. The Tenant shall pay to the Landlord: (A) 10.64% of the sums defined as "Insurance Rent" in the Superior Lease and charged to the Landlord by the Superior Landlord under the terms of the Superior Lease and provided that the Tenant's proportion shall not be increased by reason of the remainder of the Landlord's Premises not being occupied by a tenant or other occupier paying towards the "Insurance Rent"; and a due proportion, to be fairly, properly and reasonably determined by the Landlord, of: (B) any costs incurred by the Landlord under clause 5.2; and (C) where the Landlord insures the Landlord's Premises under clause 6.2, the costs incurred by the Landlord in valuing the Landlord's Premises at reasonable intervals for insurance purposes; and (D) any Insurance Excess; and (E) the Landlord's costs of preparing, making and settling any insurance claim under any policy of insurance maintained by the Landlord; and (F) all other sums payable by the Tenant to the Landlord under this clause 5, and provided that the Tenant's proportion shall not be increased by reason of the remainder of the 6th Floor forming part of the Landlord's Premises not being occupied by a tenant or other occupier paying towards costs listed above.

Insurance Rent. The Main Rent is not payable for any period before the Rent Commencement Date and the Insurance Rent and the Service Charge are not payable for any period before the Ancillary Rent Commencement Date.

Insurance Rent. ‘Insurance Rent’ means the due proportion relating to the Premises of the sum payable by the Landlord to the Superior Landlord pursuant to clause 2.1.2 of the Superior Lease.

Insurance Rent. To pay to the Landlord within twenty one (21) days of invoice or written demand as additional rent without any deduction abatement set-off or counterclaim: - 4.2.1 the Insurance Rent; and 4.2.2 as additional rent, any additional premia or loading on the insurances for or relating to the Premises or any Nearby Property of the Landlord or any Superior Landlord payable as a result of anything done or omitted to be done on the Premises or as a result of the use or occupation of the Premises.

Insurance Rent. A sum representing the gross cost to the Landlord in respect of: Complying with the Landlord’s insuring covenant hereinafter contained; and Property owners liability Insurance of the Landlord in connection with the Premises; and Obtaining at periodic intervals (but not more frequent than every three years) independent valuations of the Premises for insurance purposes pursuant to this lease; and Excess sums (if any) which the insurers are not liable to pay out on any insurance claim in respect of the Premises

Insurance Rent a fair and reasonable proportion determined by the Landlord (acting reasonably) of the cost of any premiums (including any IPT ) that the Landlord expends (after any discount or commission is allowed or paid to the Landlord), and any fees and other expenses that the Landlord reasonably and properly incurs, in effecting and maintaining insurance of the Building in accordance in with its obligations in paragraph 2 of Schedule 6 including any professional fees for carrying out any insurance valuation of the Reinstatement Cost;