Common use of Tenant Reimbursement of Insurance Taken Out by Landlord Clause in Contracts

Tenant Reimbursement of Insurance Taken Out by Landlord. Tenant shall from time to time reimburse Landlord within thirty days of Landlord's invoice for Tenant's Proportionate Fraction of Landlord's costs incurred in providing the insurance provided pursuant to Section 4.2.2.2 of this Lease, equitably prorated in the case of blanket policies to reflect the insurance coverage reasonably attributable to the Premises, and provided further that Tenant shall reimburse Landlord for all of Landlord's costs incurred in providing such insurance which is attributable to any special endorsement or increase in premium resulting from the business or operations of Tenant, and any special or extraordinary risks or hazards resulting therefrom, including without limitation, any risks or hazards associated with the generation, storage and disposal of medical waste. At Landlord's option, Tenant shall reimburse Landlord for insurance costs in accordance with Section 4.2.5 hereof.

Appears in 3 contracts

Samples: Lease Agreement (Vertex Pharmaceuticals Inc / Ma), Lease (BioMed Realty Trust Inc), Lease (BioMed Realty Trust Inc)

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Tenant Reimbursement of Insurance Taken Out by Landlord. Tenant shall from time to time reimburse Landlord within thirty days of Landlord's ’s invoice for Tenant's ’s Proportionate Fraction of Landlord's ’s costs incurred in providing the insurance provided pursuant to Section 4.2.2.2 of this Lease, equitably prorated in the case of blanket policies to reflect the insurance coverage reasonably attributable to the Premises, and provided further that Tenant shall reimburse Landlord for all of Landlord's ’s costs incurred in providing such insurance which is attributable to any special endorsement or increase in premium resulting from the business or operations of Tenant, and any special or extraordinary risks or hazards resulting therefrom, including without limitation, any risks or hazards associated with the generation, storage and disposal of medical waste. At Landlord's ’s option, Tenant shall reimburse Landlord for insurance costs in accordance with Section 4.2.5 hereof.

Appears in 1 contract

Samples: Lease Agreement (BioMed Realty Trust Inc)

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