Common use of Tenant’s Failure to Insure Clause in Contracts

Tenant’s Failure to Insure. Notwithstanding any contrary language in this Lease and any notice and cure rights this Lease provides Tenant, if Tenant fails to provide Landlord with evidence of insurance as required under this Section 10.1, and if such failure continues for more than 2 Business Days after Tenant's receipt of Landlord's written notice of such failure, then Landlord may assume that Tenant is not maintaining the insurance Section 10.1 requires Tenant to maintain and Landlord may (but is not obligated to) without further demand upon Tenant or notice to Tenant and without giving Tenant any cure right or waiving or releasing Tenant from any obligation contained in this Lease, obtain such insurance for Landlord's benefit. In such event, Tenant will pay to Landlord, as Additional Rent, all costs and expenses Landlord incurs in obtaining such insurance. Landlord's exercise of its rights under this section does not relieve Tenant from any default under this Lease.

Appears in 2 contracts

Samples: Lease Agreement (Aspirity Holdings LLC), Office Sublease (Aspirity Holdings LLC)

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Tenant’s Failure to Insure. Notwithstanding any contrary language in this Lease and any notice and cure rights this Lease provides Tenant, if Tenant fails to provide Landlord with evidence of insurance as required under this Section 10.1, and if such failure continues for more than 2 Business Days after Tenant's ’s receipt of Landlord's ’s written notice of such failure, then Landlord may assume that Tenant is not maintaining the insurance Section 10.1 requires Tenant to maintain and Landlord may (but is not obligated to) without further demand upon Tenant or notice to Tenant and without giving Tenant any cure right or waiving or releasing Tenant from any obligation contained in this Lease, obtain such insurance for Landlord's ’s benefit. In such event, Tenant will pay to Landlord, as Additional Rent, all costs and expenses Landlord incurs in obtaining such insurance. Landlord's ’s exercise of its rights under this section does not relieve Tenant from any default under this Lease.

Appears in 1 contract

Samples: Lease Agreement (Datalink Corp)

Tenant’s Failure to Insure. Notwithstanding any contrary language in this Lease and any notice and cure rights this Lease provides Tenant, if Tenant fails to provide Landlord with evidence of insurance as required under this Section 10.1, 10.1.4 and if such failure continues for more than 2 one Business Days Day after Tenant's receipt of Landlord's written notice of such failurefrom Landlord (which notice may be telephonic or by fax notwithstanding anything to the contrary contained herein), then Landlord may assume that Tenant is not maintaining the insurance Section 10.1 requires Tenant to maintain and Landlord may (may, but is not obligated to) , without further demand upon Tenant or notice to Tenant and without giving Tenant any cure right or waiving or releasing Tenant from any obligation contained in this Lease, obtain such insurance for Landlord's ’s benefit. In such event, Tenant will pay to Landlord, as Additional Rent, all costs and expenses Landlord incurs in obtaining such insurance. Landlord's ’s exercise of its rights under this section does not relieve Tenant from any default under this Lease.

Appears in 1 contract

Samples: Office Lease Agreement (Shopping Com LTD)

Tenant’s Failure to Insure. Notwithstanding any contrary language in this Lease and any notice and cure rights this Lease provides Tenant, if Tenant fails to provide Landlord with evidence of insurance as required under this Section 10.1, and if such failure continues for more than 2 Business Days after Tenant's receipt of Landlord's written notice of such failure10.1.4, then if Tenant shall fail to provide such evidence to Landlord within ten (10) business days following Landlord’s request for same, Landlord may assume that Tenant is not maintaining the insurance Section 10.1 requires Tenant to maintain and Landlord may (but is not obligated to) , without further demand upon Tenant or notice to Tenant and without giving Tenant any further cure right or waiving or releasing Tenant from any obligation contained in this Lease), obtain such insurance for Landlord's ’s benefit. In such event, Tenant will pay to Landlord, as Additional Rent, all costs and expenses Landlord incurs in obtaining such insurance. Landlord's ’s exercise of its rights under this section does not relieve Tenant from any default under this Lease.

Appears in 1 contract

Samples: Office Lease Agreement (Royal Caribbean Cruises LTD)

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Tenant’s Failure to Insure. Notwithstanding any contrary language in this Lease and any notice and cure rights this Lease provides Tenant, if Tenant fails to provide Landlord with evidence of insurance as required under this Section 10.110.1.4, and if such failure continues for more than 2 Business Days after Tenant's receipt of Landlord's written Landlord delivers notice of such failurefailure to Tenant at least five (5) days prior to the expiration of the current policy or certificate, then Landlord may assume that Tenant is not maintaining the insurance Section 10.1 requires Tenant to maintain and Landlord may (may, but is not obligated to) , without further demand upon Tenant or notice to Tenant and without giving Tenant any cure right or waiving or releasing Tenant from any obligation contained in this Lease, obtain such insurance for Landlord's benefit’s benefit effective on the expiration of the current policy or certificate. In such event, Tenant will pay to Landlord, as Additional Rent, all costs and expenses Landlord incurs in obtaining such insurance. Landlord's ’s exercise of its rights under this section does not relieve Tenant from any default under this Lease.

Appears in 1 contract

Samples: Office Lease Agreement (Wells Mid-Horizon Value-Added Fund I LLC)

Tenant’s Failure to Insure. Notwithstanding any contrary language in this Lease and any notice and cure rights this Lease provides Tenant, if Tenant fails to provide Landlord with evidence of insurance as required under this Section 10.1, and if such failure continues for more than 2 11.1.4 within five Business Days after Tenant's receipt Landlord notifies Tenant that evidence of Landlord's written notice of such failureinsurance has not been received, then Landlord may assume that Tenant is not maintaining the insurance Section 10.1 11.1 requires Tenant to maintain and Landlord may (may, but is not obligated to) , without further demand upon Tenant or notice to Tenant and without giving Tenant any cure right or waiving or releasing Tenant from any obligation contained in this Lease, obtain such insurance for Landlord's ’s benefit. In such event, Tenant will pay to Landlord, as Additional Rent, all costs and expenses Landlord incurs in obtaining such insurance. Landlord's ’s exercise of its rights under this section Section 11.1.5 does not relieve Tenant from any default under this Lease.

Appears in 1 contract

Samples: Office Lease Agreement (Everside Health Group, Inc.)

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