Common use of Payment of Insurance Costs Clause in Contracts

Payment of Insurance Costs. Tenant shall pay directly all premiums for its liability insurance required under Section 9.3, for its personal property insurance to be carried by Tenant as required under this Article, and for all other insurance Tenant elects to carry. Tenant shall pay the insurance premiums, or where applicable its share thereof as equitably determined by Landlord, for the insurance policies carried or obtained by Landlord as described in this Article. If the Lease Term expires before the expiration of any such insurance policy, Tenant’s liability for premiums shall be prorated on an annual basis. Tenant shall pay such insurance costs to Landlord, to the extent such obligation exceeds any amount thereof impounded under Section 4.5, within fifteen (15) days after receipt of a statement from Landlord. If any insurance policy maintained by Landlord covers improvements or real property other than the Premises, Landlord shall reasonably determine the portion of the premiums applicable to the Premises, and Tenant shall pay its share thereof as so determined. In addition, Tenant shall pay the full amount of any deductible amount under Landlord’s insurance policies, or where applicable, its share thereof as equitably determined by Landlord, within fifteen (15) days after receipt of a statement from Landlord.

Appears in 3 contracts

Samples: Standard Lease, Standard Lease (Sophiris Bio Inc.), Standard Lease (Sophiris Bio Inc.)

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Payment of Insurance Costs. Tenant shall pay directly all premiums for its liability insurance required under Section 9.3, for its personal property insurance to be carried by Tenant as required under this Article, and for all other insurance Tenant elects to carry. Tenant shall pay the insurance premiums, or or, where applicable applicable, its share thereof as equitably determined by Landlord, for the insurance policies carried or obtained by Landlord as described in this Article. If the Lease Term expires before the expiration of any such insurance policy, Tenant’s 's liability for premiums shall be prorated on an annual basis. Tenant shall pay such insurance costs to Landlord, to the extent such obligation exceeds any amount thereof impounded under Section 4.54.4, within fifteen (15) days after receipt of a statement from Landlord. If any insurance policy maintained by Landlord covers improvements or real property other than the Premises, Landlord shall reasonably determine the portion of the premiums applicable to the Premises, and Tenant shall pay its share thereof as so determined. In addition, Tenant shall pay the full amount of any deductible amount under Landlord’s 's insurance policies, or where applicable, applicable its share thereof as equitably determined by Landlord, within fifteen (15) days after receipt of a statement from Landlord.

Appears in 1 contract

Samples: Industrial Net Lease (Avanir Pharmaceuticals)

Payment of Insurance Costs. Sub-Tenant shall pay directly all premiums for its liability insurance required under Section 9.3, for its personal property insurance to be carried by Sub-Tenant as required under this Article, and for all other insurance Sub-Tenant elects to carry. Sub-Tenant shall pay the insurance premiums, or or, where applicable applicable, its share thereof as equitably determined by Sub-Landlord, for the insurance policies carried or obtained by Sub-Landlord as described in this Article. If the Lease Term expires before the expiration of any such insurance policy, Sub-Tenant’s liability for premiums shall be prorated on an annual basis. Sub-Tenant shall pay such insurance costs to Sub-Landlord, to the extent such obligation exceeds any amount thereof impounded under Section 4.54.4, within fifteen (15) days after receipt of a statement from Sub-Landlord. If any insurance policy maintained by Sub-Landlord covers improvements or real property other than the Sub-Premises, Sub-Landlord shall reasonably determine the portion of the premiums applicable to the Sub-Premises, and Sub-Tenant shall pay its share thereof as so determined. In addition, Sub-Tenant shall pay the full amount of any deductible amount under Sub-Landlord’s insurance policies, or where applicable, applicable its share thereof as equitably determined by Sub-Landlord, within fifteen (15) days after receipt of a statement from Sub-Landlord.

Appears in 1 contract

Samples: Agreement of Sub Lease (Molecular Imaging Corp)

Payment of Insurance Costs. Tenant shall pay directly all premiums for its liability insurance required under Section 9.3, for its personal property insurance to be carried by Tenant as required under this Articletxxx Xxticle, and for all other insurance Tenant elects to carry. Tenant shall pay the insurance premiums, or or, where applicable applicable, its share thereof as equitably determined by Landlord, for the insurance policies carried or obtained by Landlord as described in this Articletxxx Xxxxcle. If the Lease Term expires before the expiration of any such insurance policy, Tenant’s 's liability for premiums shall be prorated on an annual basis. Tenant shall pay such insurance costs to Landlord, to the extent such obligation exceeds any amount thereof impounded under Section 4.54.4, within fifteen (15) days after receipt of a statement from Landlord. If any insurance policy maintained by Landlord covers improvements or real property properly other than the Premises, Landlord shall reasonably determine the portion of the premiums applicable to the Premises, and Tenant shall pay its share thereof as so determined. determined In addition, Tenant shall pay the full amount of any deductible amount under Landlord’s 's insurance policies, or where applicable, applicable its share thereof as equitably determined by Landlord, within fifteen (15) days after receipt of a statement from Landlord.

Appears in 1 contract

Samples: Sgi International

Payment of Insurance Costs. Tenant shall pay directly all premiums for its liability insurance required under Section 9.3, for its personal property insurance to be carried by Tenant as required under this Article, and for all other insurance Tenant elects to carry. Tenant shall pay the insurance premiums, or where applicable its share thereof as equitably determined by Landlord, for the insurance policies carried or obtained by Landlord as described in this ArticleArticle excluding rental income insurance. If the Lease Term expires before the expiration of any such insurance policy, Tenant’s liability for premiums shall be prorated on an annual basis. Tenant shall pay such insurance costs to Landlord, to the extent such obligation exceeds any amount thereof impounded under Section 4.5, within fifteen (15) days after receipt of a statement from Landlord. If any insurance policy maintained by Landlord covers improvements or real property other than the Premises, Landlord shall reasonably determine the portion of the premiums applicable to the Premises, and Tenant shall pay its share thereof as so determined. In addition, Tenant shall pay the full amount of any deductible amount under Landlord’s insurance policies, or where applicable, applicable its share thereof as equitably determined by Landlord, within fifteen (15) days after receipt of a statement from Landlord.

Appears in 1 contract

Samples: Industrial Lease (Brooks Automation Inc)

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Payment of Insurance Costs. Tenant shall pay directly all premiums for its liability insurance required under Section 9.3, for its personal property insurance to be carried by Tenant as required under this Article, and for all other insurance Insurance Tenant elects to carry. Tenant shall pay the insurance premiums, or or, where applicable applicable, its share thereof as equitably determined by Landlord, for the insurance policies carried or obtained by Landlord as described in this Article. If the Lease Term expires before the expiration of any such insurance policy, Tenant’s 's liability for premiums shall be prorated on an annual basis. Tenant shall pay such insurance costs to Landlord, Landlord to the extent such obligation exceeds any amount thereof impounded under Section 4.54.4, within fifteen (15) days after receipt of a statement from Landlord. If any insurance policy maintained by Landlord covers improvements or real property other than the Premises, Landlord shall reasonably determine the portion of the premiums applicable to the Premises, and Tenant shall pay its share thereof as so determined. In addition, Tenant shall pay the full amount of any deductible amount under Landlord’s 's insurance policies, or where applicable, applicable its share thereof as equitably determined by Landlord, and reasonably approved by Tenant, within fifteen (15) days after receipt of a statement from Landlord.

Appears in 1 contract

Samples: Industrial Net Lease (Mitokor)

Payment of Insurance Costs. Tenant shall pay directly all premiums for its liability insurance required under Section 9.3, for its personal property insurance to be carried by Tenant as required under this Article, and for all other insurance Tenant elects to carry. Tenant shall pay the insurance premiums, or or, where applicable applicable, its share thereof as equitably determined by Landlord, for the insurance policies carried or obtained by Landlord as described in this Article. If the Lease Term expires before the expiration of any such insurance policy, Tenant’s 's liability for premiums shall be prorated on an annual basis. Tenant shall pay such insurance costs to Landlord, Landlord to the extent such obligation exceeds any amount thereof impounded under Section 4.54.4, within fifteen (15) days after receipt of a statement from Landlord. If any insurance policy maintained by Landlord covers improvements or real property other than the Premises, Landlord shall reasonably determine the portion of the premiums applicable to the Premises, and Tenant shall pay its share thereof as so determined. In addition, Tenant shall pay the full amount of any deductible amount under Landlord’s 's insurance policies, or where applicable, applicable its share thereof as equitably determined by Landlord, and reasonably approved by Tenant, within fifteen (15) days after receipt of a statement from Landlord.

Appears in 1 contract

Samples: Industrial Net Lease (Mitokor)

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