Common use of Protection Against Insurance Cancellation Clause in Contracts

Protection Against Insurance Cancellation. If any insurance policy on the Building or any part thereof shall be canceled or if cancellation shall be threatened, or if the coverage thereunder shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation of the Leased Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Leased Premises, and if Tenant fails to remedy the condition giving rise to the cancellation, threatened cancellation, reduction or notice thereof, Landlord may, at its option, enter upon the Leased Premises and attempt to remedy such condition and Tenant shall forth with pay the cost thereof to Landlord as additional Rent. Landlord shall not be liable for any damage or injury caused to any property of Tenant or of others located on the Leased Premises as a result of such entry unless caused by the gross negligence of Landlord. In the event that Landlord shall be unable to remedy such condition, then Landlord shall have all of the remedies provided for in this Lease in the event of a default by Tenant. Notwithstanding the foregoing provisions of this Section 10, if Tenant fails to remedy as aforesaid, Tenant shall be in default of its obligation hereunder, and Landlord shall have no obligation to attempt to remedy.

Appears in 1 contract

Samples: Lease (Integrated Information Systems Inc)

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Protection Against Insurance Cancellation. If any insurance policy on the Building or any part thereof shall be canceled or if cancellation shall be threatened, or if the coverage thereunder shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation occupancy of the Leased Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Leased Premises, and if Tenant fails to take reasonable efforts to remedy the condition giving rise to the cancellation, threatened cancellation, reduction, or threatened reduction of coverage within forty-eight (48) hours after notice or notice thereofto complete the remedy within five (5) days after notice, Landlord may, at its option, enter upon the Leased Premises and attempt to remedy such condition the condition, and Tenant shall forth with forthwith pay the cost thereof to Landlord as additional Additional Rent. Landlord shall not be liable for any damage or injury caused to any property of Tenant or of others other persons located on the Leased Premises as a result of such entry unless caused by the gross negligence of Landlordentry. In the event that If Landlord shall be is unable to remedy such conditionthe offensive conditions if it chooses to attempt same, then the Landlord shall have all of the remedies provided for in this Lease in the event of a default by Tenant. Notwithstanding the foregoing provisions of this Section 104.6, if Tenant fails to remedy as aforesaidthe condition, Tenant shall be in default of its obligation hereunder, and Landlord shall have no obligation obligations to attempt to remedy.

Appears in 1 contract

Samples: Health Grades Inc

Protection Against Insurance Cancellation. If any insurance policy on the Building Complex or any part thereof shall be canceled or if cancellation shall be threatened, or if the coverage thereunder shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation of the Leased Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Leased Premises, and if Tenant fails to remedy the condition giving rise to the cancellation, threatened cancellation, reduction, or threatened reduction or of coverage within forty-eight (48) hours after written notice thereof, Landlord may, at its option, enter upon the Leased Premises and attempt to remedy such condition condition, and Tenant shall forth with forthwith pay the cost thereof to Landlord as additional Additional Rent, including without limitation, reasonable attorneys' fees incurred by Landlord. Landlord shall not be liable for any damage or injury caused to any property of Tenant or of others located on the Leased Premises as a result of such entry unless caused by the gross negligence of Landlordentry. In the event that Landlord shall be unable to remedy such condition, then Landlord shall have all of the remedies provided for in this Lease in the event of a default by Tenant. Notwithstanding the foregoing provisions of this Section Article 10, if Tenant fails to remedy as aforesaid, Tenant shall be in default of its obligation hereunder, and Landlord shall have no obligation to attempt to remedy, and Landlord may pursue all of its remedies provided for in this Lease in the event of a default by Tenant.

Appears in 1 contract

Samples: Lease (Healthetech Inc)

Protection Against Insurance Cancellation. If any insurance policy on the Building required to be carried pursuant to this Lease or any part thereof shall be canceled cancelled or if cancellation shall be threatened, or if the coverage thereunder shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation of the Leased Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Leased Premises, and and, if Tenant fails to take reasonable efforts to remedy the condition giving rise to the cancellation, threatened cancellation, reduction, or threatened reduction of coverage following Tenant's receipt of written notice or notice thereofto diligently prosecute such remedial action to completion within a reasonable time following Tenant's receipt of such written notice, Landlord may, at its option, enter upon the Leased Premises and attempt to remedy such condition the condition, and Tenant shall forth with forthwith pay the cost thereof to Landlord as additional Rent. Except for Landlord's negligence, Landlord shall not be liable for any damage or injury caused to any property of Tenant or of others located on the Leased Premises as a result of such entry unless caused by the gross negligence of Landlordentry. In the event that If Landlord shall be is unable to remedy such conditionthe offensive conditions, then the Landlord shall have all of the remedies provided for in this Lease in the event of a default by Tenant. Notwithstanding the foregoing provisions of this Section 108.4, if Tenant fails to remedy as aforesaidthe condition, Tenant shall be in default of its obligation hereunder, and Landlord shall have no obligation obligations to attempt to remedy.

Appears in 1 contract

Samples: Lease (Quantum Corp /De/)

Protection Against Insurance Cancellation. If any insurance policy on the Building or any part thereof shall be canceled or if cancellation shall be threatened, or if the coverage thereunder shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation of the Leased Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Leased Premises, and if Tenant fails to remedy the condition giving rise to the cancellation, threatened cancellation, reduction or notice thereof, Landlord may, at its option, enter upon the Leased Premises and attempt to remedy such condition and Tenant shall forth with pay the cost thereof to Landlord as additional Additional Rent. Landlord shall not be liable for any damage or injury caused to any persons or property of Tenant or of others located on the Leased Premises as a result of such entry unless caused by the gross negligence of Landlord. In the event that Landlord shall be unable to remedy such condition, condition then Landlord shall have all of the remedies provided for in this Lease in the event of a default by Tenant. Notwithstanding the foregoing provisions of this Section 10, if Tenant fails to remedy as aforesaid, Tenant shall be in default of its obligation hereunder, and Landlord shall have no obligation to attempt to remedy.

Appears in 1 contract

Samples: Standard Building Lease (Bourbon Brothers Holding Corp)

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Protection Against Insurance Cancellation. If any insurance policy on the Building or any part thereof shall be canceled or if cancellation shall be threatened, or if the coverage thereunder shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation of the Leased Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Leased Premises, and if Tenant fails to take reasonable efforts to remedy the condition giving rise to the cancellation, threatened cancellation, reduction, or threatened reduction of coverage within forty-eight (48) hours after notice or notice thereofto complete the remedy within five (5) days after notice, Landlord may, at its option, enter upon the Leased Premises and attempt to remedy such condition the condition, and Tenant shall forth with forthwith pay the cost thereof to Landlord as additional Additional Rent. Landlord shall not be liable for any damage or injury caused to any property of Tenant or of others other persons located on the Leased Premises as a result of such entry unless caused by the gross negligence of Landlordentry. In the event that If Landlord shall be is unable to remedy such conditionthe offensive conditions if it chooses to attempt same, then the Landlord shall have all of the remedies provided for in this Lease in the event of a default by Tenant. Notwithstanding the foregoing provisions of this Section 104.6, if Tenant fails to remedy as aforesaidthe condition, Tenant shall be in default of its obligation hereunder, and Landlord shall have no obligation obligations to attempt to remedy.

Appears in 1 contract

Samples: Building Lease (AcuNetx, Inc.)

Protection Against Insurance Cancellation. If any insurance policy on the Building Complex or any part thereof shall be canceled or if cancellation shall be threatened, or if the coverage thereunder shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation of the Leased Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Leased Premises, and if Tenant fails to remedy the condition giving rise to the cancellation, threatened cancellation, reduction, or threatened reduction or of coverage within forty-eight (48) hours after written notice thereof, Landlord may, at its option, enter upon the Leased Premises and attempt to remedy such condition condition, and Tenant shall forth with forthwith pay the cost thereof to Landlord as additional Additional Rent, including without limitation, reasonable attorneys’ fees incurred by Landlord. Landlord shall not be liable for any damage or injury caused to any property of Tenant or of others located on the Leased Premises as a result of such entry unless caused by the gross negligence of Landlordentry. In the event that Landlord shall be unable to remedy such condition, then Landlord shall have all of the remedies provided for in this Lease in the event of a default by Tenant. Notwithstanding the foregoing provisions of this Section Article 10, if Tenant fails to remedy as aforesaid, Tenant shall be in default of its obligation hereunder, and Landlord shall have no obligation to attempt to remedy, and Landlord may pursue all of its remedies provided for in this Lease in the event of a default by Tenant.

Appears in 1 contract

Samples: Office Lease (Heatwurx, Inc.)

Protection Against Insurance Cancellation. If any insurance policy on the Building Complex or any part thereof shall be canceled or if cancellation shall be threatened, or if the coverage thereunder shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation of the Leased Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Leased Premises, and if Tenant fails to remedy the condition giving rise to the cancellation, threatened cancellation, reduction, or threatened reduction or of coverage within forty-eight (48) hours after written notice thereof, Landlord may, at its option, enter upon the Leased Premises and attempt to remedy such condition condition, and Tenant shall forth with forthwith pay the cost thereof to Landlord as additional Additional Rent. Landlord shall not be liable for any damage or injury caused to any property of Tenant or of others located on the Leased Premises as a result of such entry unless caused by the gross negligence of Landlordentry. In the event that Landlord shall be unable to remedy such condition, then Landlord shall have all of the remedies provided for in this Lease in the event of a default by TenantXxxxxx. Notwithstanding the foregoing provisions of this Section 10Article 8, if Tenant Xxxxxx fails to remedy as aforesaid, Tenant shall be in default of its obligation hereunder, and Landlord shall have no obligation to attempt to remedy, and Landlord may pursue all of its remedies provided for in this Lease in the event of a default by Xxxxxx.

Appears in 1 contract

Samples: Lease

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