Common use of Renewals, Lapses or Deficiencies Clause in Contracts

Renewals, Lapses or Deficiencies. Tenant shall, on or before the Commencement Date, and thereafter, prior to the expiration of such policies, furnish Landlord with the XXXXX Forms evidencing its compliance with this Article 10. Should Tenant fail to timely deliver to Landlord the XXXXX Forms, or in the event of a lapse or deficiency of any insurance coverage specified herein for any reason, upon the delivery of written notice to Tenant of such lapse or deficiency and the failure of Tenant to remedy such lapse or deficiency within five (5) business days thereafter, Landlord may procure and replace the deficient insurance coverage with a policy of insurance covering the Premises of the type and in the limits set forth above. Upon written notice from Landlord of the placement of insurance, Tenant shall immediately pay to Landlord, as Additional Rent, an amount equal to (i) the total cost of premiums and expense of such insurance placement plus (ii) actual and reasonable handling fees. Tenant shall be responsible for payment of any deductible or self-insured retention maintained under policies procured by Landlord pursuant to this Section 10.6. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies. If Tenant does or permits to be done anything which shall increase the cost of the insurance policies, then upon Landlord’s demand Tenant shall immediately pay to Landlord, as Additional Rent, an amount equal to the additional premiums attributable to any acts or omissions or operations of Tenant causing the increase in the cost of insurance.

Renewals, Lapses or Deficiencies. Tenant shall, on or before the Commencement Date, and thereafter, prior to the expiration of such policies, furnish Landlord with the XXXXX Forms evidencing its compliance with this Article 1013. Should Tenant fail to timely deliver to Landlord the XXXXX Forms, or in the event of a lapse or deficiency of any insurance coverage specified herein for any reason, upon the delivery reason and provided that such failure continues for two (2) business days after Tenant’s receipt of written notice from Landlord advising as to Tenant of such lapse or deficiency and the failure of Tenant to remedy such lapse or deficiency within five (5) business days thereafterfailure, Landlord (without the need for any further notice or cure period) may immediately procure and replace the deficient insurance coverage with a policy of insurance covering the Premises of the type and in the limits set forth above. Upon written notice from Landlord of the placement of insurance, Tenant shall immediately pay to Landlord, as Additional Rent, an amount equal to (i) the total cost of premiums and expense of such insurance placement plus (ii) actual and reasonable handling feesfees plus (iii) an administrative fee of the lesser of (i) $500, or (ii) five percent (5%) of the cost of the premiums for such insurance (which Landlord and Tenant agree is a reasonable sum to compensate Landlord for accounting and administrative expenses incurred by Landlord). Tenant shall be responsible for payment of any deductible or self-insured retention maintained under policies procured by Landlord pursuant to this Section 10.613.7. Tenant shall not knowingly do or permit to be done anything which shall invalidate the insurance policies. If Tenant does or permits to be done anything which shall increase the cost of the insurance policies, then upon Landlord’s demand Tenant shall Amended and Restated Master Lease - Par Petroleum - 22 Property 10978268v3 20 immediately pay to Landlord, as Additional Rent, an amount equal to the additional premiums attributable to any acts or omissions or operations of Tenant causing the increase in the cost of insurance.

Renewals, Lapses or Deficiencies. Tenant shall, on or before the Commencement Date, and thereafter, at least thirty (30) days prior to the expiration of such policiespolicies or on or before such earlier date as any lender of Landlord may require, from time to time, furnish renewal certificates of insurance or renewal binders to Landlord with the XXXXX Forms evidencing its compliance with this Article 10and to any lender of Landlord of which Tenant has notice. Should Tenant fail to timely deliver provide to Landlord the XXXXX Formsrenewals or renewal binders, or in the event of a lapse or deficiency of any insurance coverage specified herein for any reason, upon the delivery of written notice to Tenant of such lapse or deficiency and the failure of Tenant to remedy such lapse or deficiency within five (5) business days thereafter, Landlord may procure and immediately replace the deficient insurance coverage with a policy of insurance covering the Premises of the type and in the limits set forth above. Upon written notice from Landlord of the placement of insurance, Tenant shall immediately pay to Landlord, as Additional Rent, an amount equal to (i) reimburse Landlord for the total cost of premiums and expense of such insurance placement plus (ii) actual and reasonable handling fees. Tenant shall be responsible for payment of any deductible or self-insured retention maintained under policies procured by Landlord pursuant to this Section 10.6placement. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies. If Tenant does or permits to be done anything which shall increase the cost of the insurance policies, then upon Landlord’s 's demand Tenant shall immediately pay to Landlord, as Additional Rent, an amount equal to the reimburse Landlord for any additional premiums attributable to any acts or omissions or operations of Tenant causing the increase in the cost of insurance. Notwithstanding the foregoing, however, if a lender of Landlord shall require, at any time or from time to time, the establishment of a monthly impound account to cover the cost of any insurance coverage required under this Lease, then Tenant shall make such monthly deposits into such account as may be required from time to time by such lender.

Renewals, Lapses or Deficiencies. Tenant shall, on or before the Commencement Date, and thereafter, at least thirty (30) days prior to the expiration of such policiesthe insurance policies required under this Lease, furnish Landlord with the XXXXX Forms evidencing its compliance with this Article 10renewal certificates of insurance or renewal binders for such insurance policies. Should Tenant fail to timely deliver provide to Landlord the XXXXX Formsrenewals or renewal binders, or in the event of a lapse or deficiency of any insurance coverage specified herein for any reason, upon the delivery of written notice to Landlord shall notify Tenant of such lapse or deficiency and the failure of Tenant to remedy such lapse or deficiency and, if not cured within five ten (510) business days thereafterdays, Landlord may procure and replace the deficient insurance coverage with a policy of insurance covering the Premises of the type and in the limits set forth above. Upon written notice from Landlord of the placement placement, of insurancesuch insurance pursuant to the immediately foregoing sentence, Tenant shall immediately promptly pay to Landlord, as Additional Rentadditional rent, an amount equal to (i) the total cost of premiums and expense of such insurance placement plus (ii) actual and reasonable handling fees. Tenant shall be responsible for payment of any deductible or self-insured retention maintained under policies procured by Landlord pursuant to this Section 10.6placement. Tenant shall not do or permit to be done anything which shall invalidate the insurance policiespolicies placed by Landlord. If Tenant does or permits to be done anything which shall increase the cost of the insurance policiespolicies placed by Landlord pursuant to this paragraph, then upon promptly following Landlord’s demand therefor, Tenant shall immediately pay to Landlord, as Additional Rent, an amount equal to the reimburse Landlord for any additional premiums charged to Landlord as a consequence of its taking out such policies attributable to any acts or omissions or operations of Tenant causing the increase in the cost of insurance.

Renewals, Lapses or Deficiencies. Tenant shall, on or before the Commencement Date, and thereafter, at least thirty (30) days prior to the expiration of such policies, furnish Landlord with the XXXXX Forms evidencing its compliance with this Article 10renewal certificates of insurance or renewal binders. Should Tenant fail to timely deliver provide to Landlord the XXXXX Formsrenewals or renewal binders, or in the event of a lapse or deficiency of any insurance coverage specified herein for any reason, upon the delivery of written notice to Landlord shall notify Tenant of such lapse or deficiency and the failure of Tenant to remedy such lapse or deficiency within five (5) business days thereafterand, if not timely cured, Landlord may procure and immediately replace the deficient insurance coverage with a policy of insurance covering the Premises of the type and in the limits set forth above. Upon written notice from Landlord of the placement of insurance, Tenant shall immediately pay to Landlord, as Additional Rent, an amount equal to (i) reimburse Landlord for the total cost of premiums pemiums and expense of such insurance placement plus (ii) actual and reasonable handling fees. Tenant shall be responsible for payment of any deductible or self-insured retention maintained under policies procured by Landlord pursuant to this Section 10.6placement. Tenant shall not do or permit to be done anything anything, which shall invalidate the insurance policies. If Tenant does or permits to be done anything which shall increase the cost of the insurance policies, then upon Landlord’s demand Tenant shall immediately pay to Landlord, as Additional Rent, an amount equal to the reimburse Landlord for any additional premiums charged to Landlord as a consequence of its taking out such policies attributable to any acts or omissions or operations of Tenant causing the increase in the cost of insurance.

Renewals, Lapses or Deficiencies. Tenant shall, on or before the Commencement Date, and thereafter, at least thirty (30) days prior to the expiration of such policiesthe insurance policies required hereunder, furnish Landlord with the XXXXX Forms evidencing its compliance with this Article 10renewal certificates of insurance or renewal binders for same. Should Tenant fail to timely deliver provide to Landlord the XXXXX Formsrenewal certificate or renewal binders, or in the event of a lapse or deficiency of any insurance coverage specified herein for any reason, upon the delivery of written notice to Tenant of such lapse or deficiency and the failure of Tenant to remedy such lapse or deficiency within five (5) business days thereafter, Landlord may procure and immediately replace the deficient insurance coverage with a policy of insurance covering the Premises of the type and in the limits set forth above. Upon written notice from Landlord of the placement of insurance, Tenant shall immediately pay to Landlord, as Additional Rent, an amount equal to (i) the total cost of the premiums and expense of such insurance placement plus placements; but Tenant will nevertheless be in default hereunder (iisuch failure to be deemed an "Event of Default") actual and reasonable handling fees. Tenant shall be responsible until Landlord is fully reimbursed for payment of any deductible or self-insured retention maintained under policies procured by Landlord pursuant to this Section 10.6all such costs. Tenant shall not do or permit to be done anything which shall invalidate the insurance policies. If Tenant does or permits to be done anything which shall increase the cost of the insurance policies, then upon Landlord’s demand 's demand, Tenant shall immediately pay to Landlord, as Additional Rent, an amount equal to the additional premiums attributable to any acts or omissions or operations of Tenant causing the increase in the cost of insurancecost.