Common use of TENANT TO PAY FOR EXCESS INSURANCE PREMIUMS Clause in Contracts

TENANT TO PAY FOR EXCESS INSURANCE PREMIUMS. Tenant will promptly pay Landlord the amount of any insurance premium for Landlord's Insurance Coverages which is in excess of the premium payable had Tenant's use of the Leased Premises been a use for which the lowest premiums for Landlord's Insurance Coverages are available. In the case where Tenant and any other tenant's use or non use of their respective leased premises results in any insurance premium in excess of the most favorable premiums for Landlord's Insurance Coverages, Tenant shall be responsible to pay Landlord the portion of the excess which the Leased Premises Square Footage bears to the total leased premises square footage of all tenants causing the excess premium, or any other reasonable allocation made by Landlord of the excess in premiums for Landlord's Insurance Coverages caused by Tenant.

Appears in 3 contracts

Samples: Commercial Lease (Linkon Corp), Commercial Lease (Linkon Corp), Commercial Lease (Intek Information Inc)

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TENANT TO PAY FOR EXCESS INSURANCE PREMIUMS. Tenant will promptly pay Landlord the amount of any insurance premium for Landlord's Insurance Coverages which is in excess of the premium payable had Tenant's use of the Leased Premises been a use for which the lowest premiums for Landlord's Insurance Coverages are available. In the case where Tenant and any other tenant's use or non use of their respective leased premises results in any insurance premium in excess of the most favorable premiums for Landlord's Insurance Coverages, Tenant shall be responsible to pay Landlord the portion of the excess which the Leased Premises Square Footage bears to the total leased premises square footage of all tenants causing the excess premium, or any other reasonable allocation made by Landlord of the excess in premiums for Landlord's Insurance Coverages caused by Tenant. Landlord represents and covenants that the Tenant's intended use of general office use will not result in any charge for excess premiums.

Appears in 1 contract

Samples: Assignment of Lease (Clayton Holdings Inc)

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