Common use of Payment of Premiums; Copies of Policies; Certificates Clause in Contracts

Payment of Premiums; Copies of Policies; Certificates. Lessee shall pay when due all of the premiums for the insurance required by this Lease, and shall deliver to Lessor and to any Facility Mortgagee requesting such evidence, certificates of insurance in form satisfactory to Lessor and such Facility Mortgagee. Satisfactory evidence of insurance required by this Lease or certificates thereof shall be delivered to Lessor prior to their effective date (and, with respect to any renewal policy, Lessee will use commercially reasonable efforts to provide the same within twenty (20) days but in all events not less than five (5) Business Days prior to the expiration of the existing policy) with copies of such policies to be provided as available, and in the event of the failure of Lessee either to carry the required insurance or pay the premiums therefor, or to deliver copies of policies or certificates to Lessor as required, Lessor shall be entitled, but shall have no obligation, to obtain such insurance and pay the premiums therefor when due, which premiums shall be repayable to Lessor upon written demand therefor as Additional Charges.

Appears in 3 contracts

Samples: Master Lease (Omega Healthcare Investors Inc), Master Lease (Omega Healthcare Investors Inc), Master Lease (Omega Healthcare Investors Inc)

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Payment of Premiums; Copies of Policies; Certificates. Subject to Section 12.2 of this Lease, Lessee shall pay when due all of the premiums for the insurance required by this Lease, and shall deliver to Lessor and to any Facility Mortgagee requesting such evidence, certificates of insurance in form satisfactory to Lessor and such Facility Mortgagee. Satisfactory evidence Copies of the policies of insurance required by this Lease or shall be delivered to Lessor within sixty (60) days of their effective date and certificates thereof shall be delivered to Lessor prior to on or before their effective date (and, with respect to any renewal policy, Lessee will use commercially reasonable efforts to provide the same within twenty (20) days but in all events not less than five (5) Business Days policy prior to the expiration of the existing policy) with copies of such policies to be provided as available), and in the event of the failure of Lessee either to carry the required insurance or pay the premiums therefor, or to deliver copies of policies or certificates to Lessor as required, Lessor shall be entitled, but shall have no obligation, to obtain such insurance and pay the premiums therefor when due, in which premiums event Lessee shall be repayable repay to Lessor the premiums upon written demand therefor as Additional Charges.

Appears in 2 contracts

Samples: Master Lease (Omega Healthcare Investors Inc), Master Lease (Omega Healthcare Investors Inc)

Payment of Premiums; Copies of Policies; Certificates. Subject to Section 12.2 of this Lease, Lessee shall pay when due all of the premiums for the insurance required by this Lease, and shall deliver to Lessor and to any Facility Mortgagee requesting such evidence, certificates of insurance in form satisfactory to Lessor and such Facility Mortgagee. Satisfactory evidence Copies of the policies of insurance required by this Lease or and certificates thereof shall be delivered to Lessor not less than thirty (30) days prior to their effective date (and, with respect to any renewal policy, Lessee will use commercially reasonable efforts to provide the same within not less than twenty (20) days but in all events not less than five (5) Business Days prior to the expiration of the existing policy) with copies of such policies to be provided as available), and in the event of the failure of Lessee either to carry the required insurance or pay the premiums therefor, or to deliver copies of policies or certificates to Lessor as required, Lessor shall be entitled, but shall have no obligation, to obtain such insurance and pay the premiums therefor when due, in which premiums event Lessee shall be repayable repay to Lessor the premiums upon written demand therefor as Additional Charges.

Appears in 2 contracts

Samples: Master Lease (Omega Healthcare Investors Inc), Master Lease (Omega Healthcare Investors Inc)

Payment of Premiums; Copies of Policies; Certificates. Lessee shall pay when due all of the premiums for the insurance required by this Lease, and shall deliver to Lessor Lessors and to any Facility Mortgagee requesting such evidence, certificates of insurance in form satisfactory to Lessor Lessors and such Facility Mortgagee. Satisfactory evidence of insurance required by this Lease or certificates thereof shall be delivered to Lessor Lessors prior to their effective date (and, with respect to any renewal policy, Lessee will use commercially reasonable efforts to provide the same within twenty (20) days but in all events not less than five (5) Business Days prior to the expiration of the existing policy) with copies of such policies to be provided as available, and in the event of the failure of Lessee either to carry the required insurance or pay the premiums therefor, or to deliver copies of policies or certificates to Lessor Lessors as required, Lessor Lessors shall be entitled, but shall have no obligation, to obtain such insurance and an pay the premiums therefor when due, which premiums shall be repayable to Lessor Lessors upon written demand therefor as Additional ChargesCharges which Lessee shall be deemed to and does hereby agree to pay.

Appears in 1 contract

Samples: Master Lease Agreement (Advocat Inc)

Payment of Premiums; Copies of Policies; Certificates. Lessee shall pay when due all of the premiums for the insurance required by this Lease, and shall deliver to Lessor and to any Facility Mortgagee requesting such evidence, certificates of insurance in form satisfactory to Lessor and such Facility Mortgagee. Satisfactory evidence Photocopies of the policies of insurance required by this Lease or and certificates thereof shall be delivered to Lessor not less than thirty (30) days prior to their effective date (and, with respect to any renewal policy, Lessee will use commercially reasonable efforts to provide the same within not less than twenty (20) days but in all events not less than five (5) Business Days prior to the expiration of the existing policy) with copies of such policies to be provided as available), and in the event of the failure of Lessee either to carry the required insurance or pay the premiums therefor, or to deliver copies photocopies of policies or certificates to Lessor as required, Lessor shall be entitled, but shall have no obligation, to obtain such insurance and pay the premiums therefor when due, which premiums shall be repayable to Lessor upon written demand therefor as Additional Charges.

Appears in 1 contract

Samples: Master Lease Agreement (Alterra Healthcare Corp)

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Payment of Premiums; Copies of Policies; Certificates. Lessee Tenant shall pay when due all of the premiums for the insurance required by this Lease, and shall deliver to Lessor Landlord and to any Facility Mortgagee requesting such evidence, certificates of insurance in form satisfactory to Lessor Landlord and such Facility Mortgagee. Satisfactory evidence of insurance required by this Lease or certificates thereof shall be delivered to Lessor Landlord prior to their effective date (and, with respect to any renewal policy, Lessee Tenant will use commercially reasonable efforts to provide the same within twenty (20) days but in all events not less than five (5) Business Days prior to the expiration of the existing policy) with copies of such policies to be provided as available, and in the event of the failure of Lessee Tenant either to carry the required insurance or pay the premiums therefor, or to deliver copies of policies or certificates to Lessor Landlord as required, Lessor Landlord shall be entitled, but shall have no obligation, to obtain such insurance and pay the premiums therefor when due, which premiums shall be repayable to Lessor Landlord upon written demand therefor as Additional Charges.

Appears in 1 contract

Samples: Master Lease (Diversicare Healthcare Services, Inc.)

Payment of Premiums; Copies of Policies; Certificates. Lessee Tenant shall pay when due all of the premiums for the insurance required by this Lease, and shall deliver to Lessor Landlord and to any Facility Mortgagee requesting such evidence, certificates of insurance in form satisfactory to Lessor Landlord and such Facility Mortgagee. Satisfactory evidence of insurance required by this Lease or certificates thereof shall be delivered to Lessor Landlord prior to their effective date (and, with respect to any renewal policy, Lessee Tenant will use commercially reasonable efforts to provide the same within A request for confidential treatment has been made with respect to portions of this document that are marked ‘[*****]’. The redacted portions have been filed separately with the SEC. 56 Master Lease (OHI - Diversicare) Derwent – 9.25.18 twenty (20) days but in all events not less than five (5) Business Days prior to the expiration of the existing policy) with copies of such policies to be provided as available, and in the event of the failure of Lessee Tenant either to carry the required insurance or pay the premiums therefor, or to deliver copies of policies or certificates to Lessor Landlord as required, Lessor Landlord shall be entitled, but shall have no obligation, to obtain such insurance and pay the premiums therefor when due, which premiums shall be repayable to Lessor Landlord upon written demand therefor as Additional Charges.

Appears in 1 contract

Samples: Master Lease (Diversicare Healthcare Services, Inc.)

Payment of Premiums; Copies of Policies; Certificates. Lessee shall pay when due all of the premiums for the insurance required by this Lease, and shall deliver to Lessor and to any Facility Mortgagee requesting such evidence, certificates of insurance in form satisfactory to Lessor and such Facility Mortgagee. Satisfactory evidence of insurance required by this Lease or certificates thereof shall be delivered to Lessor prior to their effective date (and, with respect to any renewal policy, Lessee will use commercially reasonable efforts to provide the same within twenty (20) days but in all events not less than five (5) Business Days prior to the expiration of the existing policy) with copies of such policies to be provided as available, and in the event of the failure of Lessee either to carry the required insurance or pay the premiums therefor, or to deliver copies of policies or certificates to Lessor as required, Lessor shall be entitled, but shall have no obligation, to obtain such insurance and pay the premiums therefor when due, which premiums shall be repayable to Lessor upon written demand therefor as Additional Charges.,

Appears in 1 contract

Samples: Master Lease (Advocat Inc)

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