Common use of Payment of Premiums; Insurance Policies Clause in Contracts

Payment of Premiums; Insurance Policies. Tenant shall pay its pro rata share of the premiums for maintaining the insurance required by Subsection 7.1.2. Tenant’s pro rata share of all such premiums shall be the same proportion as used for payment of Building Operating Costs as set forth in Subsection 1.9.3 hereof. All such amounts will be due and payable upon ten (10) days written notice.

Appears in 2 contracts

Samples: Lease Agreement, Industrial Real Estate Triple Net Lease (Pacira Pharmaceuticals, Inc.)

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Payment of Premiums; Insurance Policies. Tenant shall pay its pro rata share of the premiums for maintaining the insurance required by Subsection 7.1.2. Tenant’s Tenant pro rata share of all such premiums shall be the same proportion as used for payment of Building Project Operating Costs as set forth in Subsection 1.9.3 1.9.4 hereof. All such amounts will be due and payable upon ten (10) days written notice.

Appears in 2 contracts

Samples: Lease Agreement, Industrial Real Estate Triple Net Lease (Pacira Pharmaceuticals, Inc.)

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