Common use of Fire Hazard Clause in Contracts

Fire Hazard. Do or cause to be done any act objectionable to the fire insurance companies whereby the fire insurance or any other insurance now in force or hereafter to be placed on the Premises or on the Building shall become void or suspended, or whereby the same shall be rated as a more hazardous risk than at the date of execution of this Lease; or have any highly flammable, volatile or explosive matter of any kind in or about the Premises. In case of a breach of this covenant (in addition to all other remedies herein given to Landlord), Tenant agrees to pay to Landlord as additional rent any and all increase or increases of premiums on insurance reasonably carried by Landlord on the Premises, or on the Building and appurtenant land caused in any way by the occupancy of Tenant.

Appears in 1 contract

Sources: Office Lease Agreement (Madison Bancshares Group LTD)

Fire Hazard. Do or cause to be done any act objectionable to the fire insurance companies whereby the fire insurance or any other insurance now in force or hereafter to be placed on the Premises or on the Building shall become void or suspended, or whereby the same shall be rated as a more hazardous risk than at the date of execution of this Lease; or have any highly flammable, volatile or explosive matter of any kind in on or about the Premises. In case of a breach of this covenant (in addition to all other remedies herein given to Landlord), Tenant agrees to pay to Landlord as additional rent any and all increase or increases of premiums on insurance reasonably carried by Landlord on the Premises, or on the Building and appurtenant land caused in any way by the occupancy of Tenant.

Appears in 1 contract

Sources: Office Lease Agreement (Trintech Group PLC)