Common use of Lessee’s Monthly Escrow of Insurance Premiums Required Clause in Contracts

Lessee’s Monthly Escrow of Insurance Premiums Required. Lessee shall pay to 1.essor each month, in addition to Annual Rent, an amount to be held by Lessor in escrow for payment of the premiums and other charges for any casualty insurance which Lessee is required to maintain under this Lease. Such monthly payments shall be due on the first day of each month, and shall be paid at the same time as the payment of Annual Rent. Lessor shall notify Lessee in writing of the amount of such monthly payment, which shall generally be equal to one-twelfth of the amount of the premiums and other insurance charges for the previous year. If the premiums and charges for a particular year are more than the amount used as a basis for monthly payments into escrow, then Lessee shall immediately pay to Lessor on demand any difference.

Lessee’s Monthly Escrow of Insurance Premiums Required. Lessee shall pay to 1.essor Lessor each month, in addition to Annual Rent, an amount to be held by Lessor in escrow for payment of the premiums and other charges for any casualty insurance which Lessee is required to maintain under this Lease. , Such monthly payments shall be due on the first day of each month, and shall be paid at the same time as the payment of Annual Rent. Lessor shall notify Lessee in writing of the amount of such monthly payment, which shall generally be equal to one-twelfth of the amount of the premiums and other insurance charges for the previous year. If the premiums and charges for a particular year are more than the amount used as a basis for monthly payments into escrow, then Lessee shall immediately pay to Lessor on demand any difference.

Lessee’s Monthly Escrow of Insurance Premiums Required. Lessee shall pay to 1.essor Lessor each month, in addition to Annual Rent, an amount to be held by Lessor in escrow for payment of the premiums and other charges for any casualty insurance which Lessee is required to maintain under this Lease. Such monthly payments shall be due on the first day of each month, and shall be paid at the same time as the payment of Annual Rent. Lessor shall notify Lessee in writing of the amount of such monthly payment, which shall generally be equal to one-twelfth of the amount of the premiums and other insurance charges for the previous year. If the premiums and charges for a particular year are more than the amount used as a basis for monthly payments into escrow, then Lessee shall immediately pay to Lessor on demand any difference.

Lessee’s Monthly Escrow of Insurance Premiums Required. Lessee shall pay to 1.essor Lessor each month, in addition to Annual as Additional Rent, an amount to be held by Lessor in escrow for payment of the premiums and other charges for any casualty insurance which Lessee is required to maintain under this Lease. Such monthly payments shall be due on the first day of each month, and shall be paid at the same time as the payment of Annual Rent. Lessor shall notify Lessee in writing of the amount of such monthly payment, which shall generally be equal to one-twelfth of the amount of the premiums and other insurance charges for the previous year. If the premiums and charges for a particular year are more than the amount used as a basis for monthly payments into escrow, then Lessee shall immediately pay to Lessor on demand any difference.