Common use of Insurance Rating Clause in Contracts

Insurance Rating. Tenant will not conduct or permit ---------------- to be conducted any activity other than normal office business nor will Tenant place any equipment in or about the Premises or the Property which will, in any way, increase the rate of property and casualty or other insurance on the Property. If any increase in the rate of property and casualty insurance or other insurance is stated by any insurance company or by the applicable Insurance Rating Bureau to be due to any activity or equipment of Tenant in or about the Premises or the Property, such statements shall be conclusive evidence that the increase in such rate is due to such activity or equipment, and, as a result thereof, Tenant shall be liable for such increase and shall reimburse Landlord therefor upon demand. Any such sum due Landlord shall be considered additional rent payable hereunder.

Appears in 2 contracts

Samples: Agreement of Lease (Onesoft Corp), Agreement of Lease (Onesoft Corp)

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Insurance Rating. Tenant will not conduct or permit to ---------------- to be conducted any activity other than normal office business nor will Tenant place any equipment in or about the Premises or the Property which will, in any way, increase the rate of property and casualty or other insurance on the Property. If any increase in the rate of property and casualty insurance or other insurance is stated by any insurance company or by the applicable Insurance Rating Bureau to be due to any activity or equipment of Tenant in or about the Premises or the Property, such statements shall be conclusive evidence that the increase in such rate is due to such activity or equipment, and, as a result thereof, Tenant shall be liable for such increase and shall reimburse Landlord therefor upon demand. Any such sum due Landlord shall be considered additional rent payable hereunder.

Appears in 1 contract

Samples: Agreement of Lease (Onesoft Corp)

Insurance Rating. Tenant will not conduct or ---------------- permit ---------------- to be conducted any activity other than normal office business nor will Tenant place any equipment in or about the Premises or the Property which will, in any way, increase the rate of property and casualty or other insurance on the Property. If any increase in the rate of property and casualty insurance or other insurance is stated by any insurance company or by the applicable Insurance Rating Bureau to be due to any activity or equipment of Tenant in or about the Premises or the Property, such Initials: /s/ JM, SS ---------- statements shall be conclusive evidence that the increase in such rate is due to such activity or equipment, and, as a result thereof, Tenant shall be liable for such increase and shall reimburse Landlord therefor upon demand. Any such sum due Landlord shall be considered additional rent payable hereunder.

Appears in 1 contract

Samples: Agreement of Lease (Onesoft Corp)

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Insurance Rating. Tenant will not conduct or permit ---------------- to be conducted conducted, any activity activity, or place any equipment, other than normal office that normally used in the conduct of the Tenant’s business nor will Tenant place any equipment or profession, in or about the Premises or the Property Building, which will, in any way, increase the rate of property and casualty fire insurance or other insurance on the Property. If Building, and if any increase in the rate of property and casualty fire insurance or other insurance is as stated by any insurance company or by the applicable Insurance insurance Rating Bureau to be due to any activity or equipment of Tenant in or about the Premises or the PropertyBuilding, such statements statement shall be conclusive evidence that the increase in such rate is due to such activity or equipment, equipment and, as a result thereof, Tenant shall be liable for such increase and shall reimburse Landlord therefor therefore upon demand. Any demand and any such sum due Landlord shall be considered additional rent payable hereunder.

Appears in 1 contract

Samples: Flower Hill Professional Center (Brickman Group LTD)

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