Payment of Additional Premium Sample Clauses
The 'Payment of Additional Premium' clause establishes the obligation for one party, typically the insured, to pay extra amounts beyond the standard premium under certain circumstances. This may occur if there are changes in risk, coverage extensions, or adjustments required by the insurer during the policy period. By specifying when and how additional premiums are to be paid, the clause ensures that the insurance coverage remains adequate and that the insurer is compensated for increased risk, thereby maintaining the balance and fairness of the insurance contract.
Payment of Additional Premium. The Tenant shall from time to time as and when required by notice in writing from the Landlord pay all extra premiums of insurance of the Demised Premises and the contents thereof, if any, be required on account of the extra risk caused by the use to which the Demised Premises are put by the Tenant and approved by the Landlord.
Payment of Additional Premium. On the Additional Premium Payment Date, Counterparty shall make a Premium payment to Dealer in immediately available funds to an account specified by Dealer in the amount of USD 2,240,000.
Payment of Additional Premium. 5 Any amount in excess of the District contribution shall be the sole 6 responsibility of the eligible unit member. CSEA agrees to allow 7 the District each year to deduct any unit member’s obligated 8 portion by tenthly, equal payroll deductions from September 30th 9 through June 30th each year. This agreement does not preclude the 10 unit member from providing his/her obligated portion in a one (1) 11 lump sum payment if done so prior to September 30th each year.
Payment of Additional Premium. Tenant shall, within thirty (30) days ----------------------------- following demand by Landlord, reimburse Landlord for any additional premium charged for any insurance policy maintained by Landlord by reason of Tenant's installation and/or operation of a network operating center or Tenant's failure to comply with the provisions of Sections 2.2 and 2.3 and for any other costs ------------ --- and expenses reasonably incurred by Landlord in enforcing the provisions of this Article 2; provided, however, that before demanding such reimbursement for --------- additional insurance premiums, Landlord shall first give Tenant notice of the activity by Tenant which violates either Section 2.2 or 2.3 and which may cause ----------- --- Landlord to incur such increased insurance premiums, and Tenant shall not be liable for the payment of such increased insurance premiums if it ceases such specified activity within thirty (30) days after such notice from Landlord. Other than possible increases in connection with the installation and/or operation of a network operating center, Landlord does not presently anticipate that the uses of the Premises expressly permitted under this Lease will cause any significant increase in the insurance premiums currently paid by Landlord for the Project on a per square foot of Rentable Area basis.