Tenant’s Insurance Obligations. 1.1 The Tenant must pay on demand: 1.1.1 a fair and reasonable proportion of: (a) the sums the Landlord pays116 to comply with paragraphs 2.1.1 and 2.1.2; (b) if not recovered through the service charge, the sums the Landlord pays to insure all plant, machinery, apparatus and vehicles used in providing the Services; (c) the cost of valuations of the Building and the Premises for insurance purposes made not more than once a year; and (d) the amount of any excess or deductible under any insurance policy that the Landlord incurs or will incur in complying with paragraphs 2.3 and 2.4; 1.1.2 the whole of the sums the Landlord pays to comply with paragraph 2.1.3; 1.1.3 a sum equal to the amount that the insurers refuse to pay following damage or destruction by an Insured Risk to the Building because of the Tenant’s wilful act or failure to act; and 1.1.4 any additional or increased premiums that the insurers may require as a result of the carrying out or retention of any Permitted Works or the Tenant’s or any undertenant’s or other lawful occupier’s use of the Premises. 1.2 The Tenant must comply with the requirements of the insurers and must not do anything that may invalidate any insurance. 1.3 The Tenant must not use the Premises for any purpose or carry out or retain any Permitted Works that may make any additional premium payable for the insurance of the Premises or the Building, unless it has first agreed to pay the whole of that additional premium. 1.4 The Tenant must notify the Landlord as soon as practicable after it becomes aware of any damage to or destruction of the Premises by any of the Insured Risks or by an Uninsured Risk. 1.5 The Tenant must keep insured, in a sufficient sum and with a reputable insurer, public liability risks relating to the Premises.
Appears in 1 contract
Samples: Lease Agreement
Tenant’s Insurance Obligations. 1.1 The Tenant must pay on demand:
1.1.1 a fair and reasonable proportion of:
(a) the sums the Landlord pays116 pays119 to comply with paragraphs 2.1.1 and 2.1.2;
(b) if not recovered through the service charge, the sums the Landlord pays to insure all plant, machinery, apparatus and vehicles used in providing the Services;
(c) the cost of valuations of the Building and the Premises for insurance purposes made not more than once a year; and
(d) the amount of any excess or deductible under any insurance policy that the Landlord incurs or will incur in complying with paragraphs 2.3 2.3 and 2.4;
1.1.2 the whole of the sums the Landlord pays to for insuring loss of the Main Rent and Service Charge for the Risk Period;to comply with paragraph 2.1.3;
1.1.3 a sum equal to the amount that the insurers refuse to pay following damage or destruction by an Insured Risk to the Building because of the Tenant’s wilful act or failure to act; and
1.1.4 any additional or increased premiums that the insurers may require as a result of the carrying out or retention of any Permitted Works or the Tenant’s or any undertenant’s or other lawful occupier’s use of the Premises.
1.2 The Tenant must comply with the requirements of the insurers and must not do anything that may invalidate any insurance.
1.3 The Tenant must not use the Premises for any purpose or carry out or retain any Permitted Works that may make any additional premium payable for the insurance of the Premises or the Building, unless it has first agreed to pay the whole of that additional premium.
1.4 The Tenant must notify the Landlord as soon as practicable after it becomes aware of any damage to or destruction of the Premises by any of the Insured Risks or by an Uninsured Risk.
1.5 The Tenant must keep insured, in a sufficient sum and with a reputable insurer, public liability risks relating to the Premises.
Appears in 1 contract
Samples: Lease Agreement
Tenant’s Insurance Obligations. 1.1 The Tenant must pay on demand:
1.1.1 a fair and reasonable proportion of:
(a) 1.1.1.1 the sums the Landlord pays116 pays to comply with paragraphs 2.1.1 and 2.1.2;paragraph 2.1:
(ba) if not recovered through the service charge, the sums the Landlord pays to insure all plant, machinery, apparatus and vehicles used in providing the Services;
(cb) the cost of valuations of the Building Estate and the Premises for insurance purposes made not more than once a year; and
(dc) the amount of any excess or deductible under any insurance policy that the Landlord incurs or will incur in complying with paragraphs 2.3 and 2.4;
1.1.2 the whole of the sums the Landlord pays to comply with paragraph 2.1.3;
1.1.3 a sum equal to the amount that the insurers refuse to pay following damage or destruction by an Insured Risk to the Building Estate because of the Tenant’s wilful act or failure to act; and
1.1.4 1.1.3 any additional or increased premiums that the insurers may require as a result of the carrying out or retention of any Permitted Works or the Tenant’s or any undertenant’s or other lawful occupier’s use of the Premises.
1.2 The Tenant must comply with the requirements of the insurers notified in writing to it and must not do anything that may invalidate any insurance.
1.3 The Tenant must not use the Premises for any purpose or carry out or retain any Permitted Works that may make any additional premium payable for the insurance of the Premises or the BuildingEstate, unless it has first agreed to pay the whole of that additional premium.
1.4 The Tenant must notify the Landlord as soon as practicable after it becomes aware of any damage to or destruction of the Premises by any of the Insured Risks or by an Uninsured Risk.
1.5 The Tenant must keep insured, in a sufficient sum and with a reputable insurer, public liability risks relating to the Premises.
Appears in 1 contract
Samples: Lease
Tenant’s Insurance Obligations. 1.1 6.2.1. The Tenant must pay to the Landlord on demand:
1.1.1 demand a fair and reasonable proportion of:sum equal to:-
(a) the sums gross amount payable by the Landlord pays116 to comply with paragraphs 2.1.1 and 2.1.2for the insurance specified in Clause 6.1;
(b) if not recovered through the service charge, proper and reasonable fees and expenses for professional valuations of the sums Premises for the Landlord pays to insure all plant, machinery, apparatus and vehicles used in providing purpose of determining the ServicesReinstatement Value and/or the level of loss of rent insurance;
(c) any normal commercial excess deducted by the cost insurers or underwriters in respect of valuations of the Building and the Premises for insurance purposes made not more than once a year; andclaim;
(d) the amount reasonable fees and expenses payable to professional advisers and consultants properly incurred in connection with any insurance claim;
(e) the cost of any excess increased or deductible under any insurance policy that additional premium and all consequential expenses incurred by the Landlord incurs or will incur in complying with paragraphs 2.3 and 2.4;
1.1.2 the whole of the sums the Landlord pays to comply with paragraph 2.1.3;
1.1.3 a sum equal to the amount that the insurers refuse to pay following damage or destruction by an Insured Risk to the Building because of the Tenant’s wilful act or failure to act; and
1.1.4 any additional or increased premiums that the insurers may require as a result of a breach of Clause 6.2.2; and
(f) any irrecoverable insurance monies under any policies effected by the carrying out Landlord where such monies are wholly or retention partly irrecoverable due to an act or default of any Permitted Works or the Tenant’s or any undertenant’s or other lawful occupier’s use of the Premises.
1.2 The Tenant must comply with the requirements of the insurers and must not do anything that may invalidate any insurance.
1.3 6.2.2. The Tenant must not use the Premises for any purpose do or carry out omit to do anything which would or retain any Permitted Works that may make any additional premium payable for might invalidate or prejudice the insurance of the Premises or any nearby property of the Building, unless it has first agreed Landlord or which may cause an increased or additional premium for their insurance to pay the whole of that additional premiumbe payable.
1.4 6.2.3. The Tenant must notify the Landlord as soon as practicable after it becomes Landlord:-
(a) immediately upon becoming aware of any damage to or destruction of the Premises by or any of the Insured Risks or by an Uninsured Risk.
1.5 The Tenant must keep insured, in a sufficient sum and with a reputable insurer, public liability risks event that might affect any insurance policy relating to the Premises; and
(b) of the reinstatement cost of any authorised alterations, additions or improvements to the Premises prior to them being carried out or installed.
6.2.4. The Tenant must comply with all the reasonable requirements and recommendations of the insurers of the Premises.
6.2.5. Except to the extent specified in Clause 6.2.6, the Tenant must not effect any insurance of the Premises against the Insured Risks. If nevertheless the Tenant becomes entitled to the benefit of any insurance relating to the Premises the Tenant must pay all insurance monies received to the Landlord as soon as reasonably practicable.
6.2.6. Unless covered by the Landlord's insurances in terms of Clause 6.1, the Tenant must insure and keep insured in the name of the Tenant all (if any) plate glass in the Premises, plant, machinery and other works installed or constructed by the Tenant within or upon the Premises against fire, breakage and all other usual risks in their full reinstatement value for the time being with an insurance office of repute approved in writing by the Landlord (acting reasonably). Whenever so required (but not more often than once in any year of the Term), the Tenant must produce to the Landlord the policy or policies for such insurance and evidence of payment of the last premium. Without prejudice to the Tenant's obligations under Clause 4.7, the Tenant must cause all monies received by virtue of such insurance to be laid out in reinstating the damage (and must reinstate such damage) as soon as possible, to the reasonable satisfaction of the Landlord. The Tenant must make up any shortfall in such insurance monies.
Appears in 1 contract
Samples: Lease Agreement (LumiraDx LTD)