Insurance Increases Clause Samples
The "Insurance Increases" clause requires one or both parties to raise the amount or scope of insurance coverage during the term of an agreement. This may be triggered by changes in project size, increased risk, or updated legal requirements, and typically obligates the insured party to provide proof of the enhanced coverage to the other party. Its core function is to ensure that insurance protection remains adequate as circumstances evolve, thereby managing risk and safeguarding both parties against potential losses.
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Insurance Increases. If the insurance premiums payable by Landlord on the fire, windstorm and extended coverage insurance policy carried by Landlord, covering the warehouse building in which the Demised Premises are located, shall be increased for any year over the amount of such insurance premiums for the year immediately following the year in which this Lease is executed (such year being hereinafter called "Base Year" and the insurance premium payable in the Base Year being hereinafter called the "Basic Premium"), Tenant shall pay to Landlord as additional rent within 10 days after Landlord shall notify Tenant of such increase, an amount equal to the proportion of the insurance premium increase in the ratio that Tenant's floor area bears to the floor area of all rented and rentable space in the warehouse building. Base year in 1997.
Insurance Increases. If the rate of any insurance carried by Landlord is increased as a result of Tenant's use of the Premises or the cost, value or nature of Tenant's improvements, equipment or personal property located in the Premises, Tenant shall pay to Landlord, upon request and at least fifteen (15) days before the date Landlord is obligated to pay a premium on such insurance and in addition to all other amounts payable hereunder, a sum equal to the difference between the increased premium and what the premium would otherwise have been, as reasonably determined by Landlord's insurer.
Insurance Increases. LESSEE shall pay the cost of any increase to LESSOR'S liability insurance currently in place as of the Commencement Date of this Lease provided that the increase to LESSOR'S policy is a direct result of the installation of the Facilities on the Property.
Insurance Increases. 5 4.5 Rules and Regulations......................................... 5 5. RENT............................................................... 6 5.1 Amount of Rent; Payment....................................... 6 5.2
Insurance Increases. Any changes in premium and resulting contribution rates will be effective on September 1 of each year.
Insurance Increases. If the Landlord's insurance premiums exceed the standard premium rates because the nature of Tenant's operation results in extra-hazardous exposure, then Tenant shall, upon receipt of an appropriate invoice from Landlord, reimburse Landlord for such increase in premiums. It is understood and agreed between the parties hereto that any such increase in premiums shall be considered as additional rent due and shall be included in any lien for rent.
Insurance Increases. If the Landlord's insurance premiums exceed the standard premium rates because the nature of Tenant's operation results in extra-hazardous exposure, then Tenant shall, upon receipt of an appropriate invoice from Landlord, reimburse Landlord for such increase in premiums. It is understood and agreed between the parties hereto that any such increase in premiums shall be considered as additional rent due and shall be included in any lien for rent. 32 CONDITION OF PREMISES Tenant hereby acknowledges that Tenant has fully inspected the Demised Premises and agrees to take possession of said premises in its "as is condition". Taking possession of the said Demised Premises by Tenant shall be conclusive evidence against Tenant that the premises were in a condition acceptable and satisfactory to Tenant.
Insurance Increases. Tenant shall not, without Landlord’s prior written consent, perform any act or fail to perform any act, keep anything within the Leased Premises or use the Leased Premises for any purpose that increases the insurance premium cost or invalidates any insurance policy carried on the CR Project Parcel or any buildings or other improvements now or hereafter situated thereon. If Landlord does give written consent to Tenant pursuant to the above sentence, then Tenant shall be liable, at its sole cost and expense, for the amount of any increase in the insurance premium cost resulting from such act or omission to which ▇▇▇▇▇▇▇▇ has consented. If, by the nature of Tenant’s business, Landlord’s insurance rate on any portion of the CR Project Parcel for which Landlord carries insurance is higher than the normal insurance rate being charged for fire and extended coverage, Tenant, at its sole cost and expense, shall pay the difference between the rate being charged for such insurance and the normal stipulated rate to the extent that such increase is attributable to Tenant’s business.
Insurance Increases. 5 4.5 Rules and Regulations....................................... 5
Insurance Increases. The Tenant will not do or omit to do anything in the Premises which would result in any increase in the Landlord's insurance premiums but, if the Landlord's premiums are increased, the Tenant will pay the increase to the Landlord. The Landlord, by its representatives, may at any time enter the Premises to remove any article or remedy any condition which, in the Landlord's opinion, would be likely to lead to cancellation of any insurance policy. Such entry by the Landlord will not be deemed a re-entry or a trespass. If any