Common use of Increase in Risk Clause in Contracts

Increase in Risk. The Tenant (a) shall not do or permit to be done any act or thing as a result of which either (i) any policy of insurance of any kind covering any or all of the Property or any liability of the Landlord in connection therewith may become void or suspended, or (ii) the insurance risk under any such policy would (in the opinion of the insurer thereunder) be made greater; and (b) shall pay as additional rent the amount of any increase in any premium for such insurance resulting from any breach of such covenant.

Appears in 1 contract

Sources: Lease Agreement (Salem Community Bankshares Inc)

Increase in Risk. The Tenant Tenant (a) shall not do or permit to be done any act or thing as a result of which either (i) any policy of insurance of any kind covering any or all of the Property or any liability of the Landlord in connection therewith may become void or suspended, or (ii) the insurance risk under any such policy would (in the opinion of the insurer thereunder) be made greater; and and (b) shall pay as additional rent Additional Rent the amount of any increase in any premium for such insurance resulting from any breach of such covenant.. [SEE PARAGRAPH 28 OF RIDER]

Appears in 1 contract

Sources: Sublease (Federal Data Corp /Fa/)

Increase in Risk. The Tenant (aA) shall not do or permit to be done any act or thing as a result of which either (i) any policy of insurance of any kind covering any or all of the Property Leased Premises or any liability of the Landlord in connection therewith may become void or suspended, or (ii) the insurance risk under any such policy would (in the opinion of the insurer thereunder) be made greater; and (b) shall pay as additional rent the amount of any increase in any premium for such insurance resulting from any breach of such covenant.

Appears in 1 contract

Sources: Lease Agreement (Genesis Financial Group Inc \Va\)

Increase in Risk. The Tenant (a) shall not do or permit to be done any act or thing as a result of which either (i) any policy of insurance of any kind covering any or all of the Property or any liability of the Landlord in connection therewith may become void or and suspended, or (ii) the insurance risk under any such policy would (in the opinion of the insurer thereunder) be made greater; and (b) shall pay as additional rent Additional Rent the amount of any increase in any premium for such insurance resulting from any breach of such covenant.increase

Appears in 1 contract

Sources: Lease Agreement (Deltek Systems Corp)