Increased Coverage. Not more frequently than once every year, Lessee shall increase the amounts of insurance as follows: (a) as recommended by Lessor's insurance broker, provided that the amount of insurance recommended by such broker shall not exceed the amount customarily required of tenants in comparable projects located within the general area of the Industrial Center, or (b) as required by Lessor's lender.
Appears in 2 contracts
Sources: Industrial Lease (Sportsmans Guide Inc), Lease Agreement (WTC Industries Inc)
Increased Coverage. Not more frequently than once every year, Lessee shall increase the amounts of insurance as follows:
: (a) as recommended by Lessor's insurance broker, provided that the amount of insurance recommended by such broker shall not exceed the amount customarily required of tenants in comparable projects located within the general area of the Industrial Center, or (b) as reasonably required by Lessor's lender.
Appears in 1 contract
Sources: Industrial Lease (Discovery Partners International Inc)
Increased Coverage. Not more frequently than once every yearfive (5) years, Lessee shall increase the amounts of insurance as follows:
: (a) as recommended by Lessor's ’s insurance brokerbrokers, provided that the amount of insurance recommended by such broker brokers shall not exceed the amount customarily required of tenants in comparable projects located within the general area of the Industrial Center, or (b) as required by Lessor's ’s lender.
Appears in 1 contract