Common use of Payment of Insurance Clause in Contracts

Payment of Insurance. Should Tenant fail to obtain the insurance policies required hereunder, or pay the premiums due for the insurance policies required hereby, Landlord shall have the right, but not the obligation, to pay the same, in which case Tenant shall repay such amount plus any penalties or additional amounts resulting therefrom to Landlord within 5 days after receipt of a xxxx therefor.

Appears in 1 contract

Samples: Assignment and Assumption of Lease Agreement (Aei Income & Growth Fund 25 LLC)

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Payment of Insurance. Should In the event that Tenant shall fail to obtain the insurance policies required hereunder, hereunder or to pay the premiums due for the insurance policies required hereby, Landlord shall have the right, but not the obligation, to procure or to pay the same, same in which case Tenant shall repay such amount plus any penalties or additional amounts resulting therefrom there from to Landlord within 5 five (5) days after receipt of a xxxx bill therefor.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Aei Net Lease Income & Growth Fund Xx Limited Partnership)

Payment of Insurance. Should In the event that Tenant shall fail to obtain the insurance policies required hereunder, hereunder or to pay the premiums due for the insurance policies required hereby, Landlord shall have the right, but not the obligation, to pay the same, same in which case Tenant shall repay such amount plus any penalties or additional amounts resulting therefrom to Landlord as Additional Rent within 5 five (5) days after receipt of a xxxx therefor.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Aei Income & Growth Fund 25 LLC)

Payment of Insurance. Should In the event that Tenant shall fail to obtain the insurance policies required hereunder, hereunder or to pay the premiums premiums" due for the insurance policies required hereby, Landlord shall have the right, but not the obligation, to procure or to pay the same, same in which case Tenant shall repay such amount plus any penalties or additional amounts resulting therefrom to Landlord Landlord. within 5 five (5) days after receipt of a xxxx bill therefor.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Aei Real Estate Fund Xviii Limited Partnership)

Payment of Insurance. Should In the event that Tenant shall fail to obtain the insurance policies required hereunder, hereunder or to pay the premiums premium due for the insurance policies required hereby, Landlord shall have the right, but not the obligation, to pay the same, same in which case Tenant shall repay such amount plus any penalties or additional amounts resulting therefrom to Landlord within 5 five (5) days after receipt of a xxxx therefor.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Aei Income & Growth Fund Xxii LTD Partnership)

Payment of Insurance. Should In the event that Tenant shall fail to obtain the insurance policies required hereunder, hereunder or to pay the premiums due for the insurance policies required hereby, Landlord shall have the right, but not the obligation, to pay the same, same in which case Tenant shall repay such amount plus any penalties or additional amounts resulting therefrom to Landlord within 5 days after receipt of a xxxx bill therefor.

Appears in 1 contract

Samples: Lease (Quality Dining Inc)

Payment of Insurance. Should In the event that Tenant shall fail to obtain the insurance policies required hereunder, hereunder or to pay the premiums due for the insurance policies required hereby, Landlord shall have the right, but not the obligation, to pay the same, same in which case Tenant shall repay such amount plus any penalties or additional amounts resulting therefrom to Landlord within 5 ten (10) days after receipt of a xxxx therefortherefor plus interest at the rate of 10% per annum.

Appears in 1 contract

Samples: Ground Lease (Palace Entertainment Holdings, Inc.)

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Payment of Insurance. Should In the event that Tenant shall fail to obtain the insurance policies required hereunder, hereunder or to pay the premiums due for the insurance policies required hereby, Landlord shall have the right, but not the obligation, to procure or to pay the same, same in which case Tenant shall repay such amount plus any penalties or additional amounts resulting therefrom to Landlord within 5 five (5) days after receipt of a xxxx bill therefor.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Aei Income & Growth Fund 23 LLC)

Payment of Insurance. Should In the event that Tenant shall fail to obtain the insurance policies required hereunder, hereunder or to pay the premiums due for the insurance policies required hereby, Landlord shall have the right, but not the obligation, to procure or to pay the same, same in which case Tenant shall repay such amount plus any penalties or additional amounts resulting therefrom to Landlord within 5 five (5) days after receipt of a xxxx therefor.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Aei Income & Growth Fund 25 LLC)

Payment of Insurance. Should In the event that Tenant shall fail to obtain the insurance policies required hereunder, hereunder or to pay the premiums due for the insurance policies required hereby, Landlord shall have the right, but not the obligation, to pay the same, same in which case Tenant shall repay such amount plus any penalties or additional amounts resulting therefrom to Landlord as Additional Rent within 5 five (5) days after receipt of a xxxx bxxx therefor.

Appears in 1 contract

Samples: Assignment and Assumption of Lease (Aei Income & Growth Fund 24 LLC)

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