Payment of Premium Increases. 8.4.1 Lessee shall pay to Lessor, during the term hereof, in addition to the rent, the amount of any increase in premiums for the insurance required under Paragraphs 8.2 and 8.3 over and above such premiums paid during the Base Period, whether such premium increase shall be the result of the nature of Lessee's occupancy, any act or omission of Lessee, requirements of holder of a mortgage or deed of trust covering the Premises, increased valuation of the Premises or general rate increases. 8.4.2 Lessee shall pay any such premium increases to Lessor within Thirty (30) days after receipt by Lessee of a statement of the amount due. If the insurance policies maintained hereunder cover other improvements in addition to the Premises, Lessor's statement shall show the amount of such increase attributable to the Premises and showing in reasonable detail, the manner in which such amount was computed. If the term of this, Lease shall not expire concurrently with the expiration of the period covered by such insurance, Lessee's liability for premium increases shall be prorated on an annual basis.
Appears in 2 contracts
Samples: Office Lease Agreement (Advanced Media Inc), Assignment of Lease Agreement (Progressive Training, Inc.)
