Common use of Payment of Premium Increases Clause in Contracts

Payment of Premium Increases. (a) Lessee shall pay to Lessor any insurance cost increase ("Insurance Cost Increase") occurring during the term of this Lease. "Insurance Cost Increase" is defined as any increase in the actual cost of the insurance required under Paragraphs 8.2(b), 8.3(a) and 8.3(b). ("Required Insurance"), over and above the Base Premium, as hereinafter defined, calculated on an annual basis, "Insurance Cost Increase" shall include, but not be limited to, increases resulting from the nature of Lessee's occupancy, any act or omission of Lessee, requirements of the holder of a mortgage or deed of trust covering the Premises, increased valuation of the Premises, and/or a premium rate increase. If the parties insert a dollar amount in Paragraph 1.9, such amount shall be considered

Payment of Premium Increases. (a) Lessee shall pay to Lessor any insurance cost increase ("Insurance Cost Increase") occurring during the term of this Lease. "Insurance Cost Increase" is defined as any increase in the actual cost of the premiums for insurance required under Paragraphs 8.2(b), 8.3(a) and 8.3(b). ) ("Required Insurance"), over and above the Base Premium, Premium as hereinafter defined, defined calculated on an annual basis, . "Insurance Cost Increase" shall include, include but not be limited to, to increases resulting from the nature of Lessee's occupancy, any act or omission of Lessee, requirements of the holder of a mortgage or deed of trust covering the Premises, increased valuation of the Premises, Premises and/or a premium rate increase. If The Parties are encouraged to fill in the parties insert a dollar amount Base Premium in Paragraph 1.9, such amount shall be considered1.9 with a reasonable premium for the Required Insurance based on the Agreed Use of the Premises. If