Common use of Insurance Rate Clause in Contracts

Insurance Rate. If, as a result of (a) any act or omission by Tenant or violation of any terms of this Lease; (b) the use to which Tenant has put Demised Premises; or (c) Tenant's failure to comply with Landlord's insurance requirements, Landlord's insurance rates applicable to the Real Estate are raised, Tenant shall reimburse Landlord, on demand, for the increased cost of Landlord's insurance premiums, which comprise part of Rent. For the purposes of this Section, any finding or schedule of the fire insurance rating organization having jurisdiction over the Real Estate shall be deemed to be conclusive.

Appears in 3 contracts

Samples: Lease (Edge Therapeutics, Inc.), Genta Incorporated /De/, Genta Incorporated /De/

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Insurance Rate. If, as a result of (ai) any act or omission by Tenant or violation breach of any terms of this Lease; (bii) the use to which Tenant has put Demised Premises; or (ciii) Tenant's ’s failure to comply with Landlord's ’s insurance requirements, Landlord's ’s insurance rates applicable to the Real Estate are raised, Tenant shall reimburse Landlord, on demand, for the increased cost of Landlord's ’s insurance premiums, which comprise part of Rent. For the purposes of this Section, any finding or schedule of the fire insurance rating organization having jurisdiction over the Real Estate shall be deemed to be conclusive.

Appears in 1 contract

Samples: Lease Agreement (Sco Group Inc)

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Insurance Rate. If, as a direct result of (a) any act or omission by Tenant or violation of any terms of this Lease; (b) the use to which Tenant has put Demised Premises; or (c) Tenant's ’s failure to comply with Landlord's ’s insurance requirements, Landlord's ’s insurance rates applicable to the Real Estate are raised, Tenant shall reimburse Landlord, on demand, for the increased cost of Landlord's ’s insurance premiums, which comprise part of Rent. For the purposes of this Section, any finding or schedule of the fire insurance rating organization having jurisdiction over the Real Estate shall be deemed to be conclusive.

Appears in 1 contract

Samples: Lease (Authentidate Holding Corp)

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