Common use of Renewals, Lapses or Deficiencies Clause in Contracts

Renewals, Lapses or Deficiencies. Tenant shall, at least thirty (30) days prior to the expiration of such policies, furnish Landlord with renewal certificates of insurance or renewal binders. Should Tenant fail to provide to Landlord the renewals or renewal binders, or in the event of a lapse or deficiency of any insurance coverage specified herein for any reason, Landlord shall notify Tenant of such lapse and, if not timely cured, Landlord may 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 reimburse Landlord for the total cost of pemiums and expense of such insurance placement. 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 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, at least thirty (30) days prior to the expiration of such policiesthe insurance policies required under this Lease, furnish Landlord with renewal certificates of insurance or renewal bindersbinders for such insurance policies. Should Tenant fail to provide to Landlord the renewals or renewal binders, or in the event of a lapse or deficiency of any insurance coverage specified herein for any reason, Landlord shall notify Tenant of such lapse and, if not timely curedcured within ten (10) business days, Landlord may 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 placement, of insurancesuch insurance pursuant to the immediately foregoing sentence, Tenant shall immediately reimburse Landlord for promptly pay to Landlord, as additional rent, an amount equal to the total cost of pemiums premiums and expense of such insurance placement. Tenant shall not do or permit to be done anything, 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 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, 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 Landlord with renewal certificates of insurance or renewal bindersbinders to Landlord and to any lender of Landlord of which Tenant has notice. Should Tenant fail to provide to Landlord the renewals or renewal binders, or in the event of a lapse or deficiency of any insurance coverage specified herein for any reason, Landlord shall notify Tenant of such lapse and, if not timely cured, Landlord may 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 reimburse Landlord for the total cost of pemiums premiums and expense of such insurance placement. 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 's demand Tenant shall 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. 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.