Common use of Landlord’s Required Coverage Clause in Contracts

Landlord’s Required Coverage. Landlord shall procure and maintain in full force and effect during the Term of this Lease, a nonassessable policy of fire insurance, which insurance shall include protection against those occurrences covered by standard “extended coverage” clause. The cost of such insurance shall be an Operating Expense. If, however, the annual premiums charged to Landlord for such insurance exceed the standard premium rates because of Tenant’s operations or equipment upon the Premises, then Tenant shall pay such additional premium amounts as Additional Rent. If, however, as a result of Tenant’s operations or equipment upon the Premises, Landlord is unable to obtain such insurance coverage at normal rates, Landlord shall have the right to terminate this Lease effective on such date as Landlord’s coverage shall expire, be canceled or nonrenewed.

Landlord’s Required Coverage. Landlord shall procure and maintain in full force and effect during the Term of this Lease, a nonassessable policy of fire insurance, which insurance shall include protection against those occurrences covered by standard “extended coverage” clause. The cost of such insurance shall be an Operating Expense. If, however, the annual premiums charged to Landlord for such insurance exceed the standard premium rates because of Tenant’s operations or equipment upon the Premises, then Tenant shall pay such additional premium amounts as Additional Rent. If, however, as a result of Tenant’s operations or equipment upon the Premises, Landlord is unable to obtain such insurance coverage at normal ratescoverage, Landlord shall have the right to terminate this Lease effective on such date as Landlord’s coverage shall expire, be canceled or nonrenewed.

Landlord’s Required Coverage. Landlord shall procure and maintain in full force and effect during the Term of this Lease, a nonassessable policy of fire insurance, which insurance shall include protection against those occurrences covered by standard “"extended coverage” " clause. The cost of such insurance shall be an Operating Expenseexpense. If, however, the annual premiums charged to Landlord for such insurance exceed the standard premium rates because of Tenant’s 's operations or equipment upon the Premises, then Tenant tenant shall pay such additional premium amounts as Additional Rent. If, however, as a result of Tenant’s 's operations or equipment upon the Premisespremises, Landlord landlord is unable to obtain such insurance coverage at normal ratescoverage, Landlord shall have the right to terminate this Lease effective on such date as Landlord’s landlord's coverage shall expire, be canceled or nonrenewed.