Common use of Payment For Insurance Clause in Contracts

Payment For Insurance. Tenant shall pay for all insurance required under Paragraph 8. Premiums for policy periods commencing prior to or extending beyond the Term shall be prorated to correspond to the Term. Payment for insurance held by Tenant shall be made by Tenant directly to the insurance carrier within ten (10) days following Tenant’s receipt of an invoice, and payment for insurance held by Landlord shall be made pursuant to Section 4.4.

Appears in 1 contract

Samples: Commercial Lease (NantKwest, Inc.)

Payment For Insurance. Tenant shall pay for all insurance required under Paragraph 8. Premiums for policy periods commencing prior to or extending beyond the Term shall be prorated to correspond to the Term. Payment for insurance held by Tenant shall be made by Tenant directly to the insurance carrier within ten (10) days following Tenant’s receipt of an invoice, and payment for insurance held by Landlord shall be made pursuant to Section 4.4.

Appears in 1 contract

Samples: Commercial Lease (NantKwest, Inc.)

Payment For Insurance. Tenant shall pay for all insurance required under Paragraph 8. Premiums for policy periods commencing prior to or extending beyond the Term shall be prorated to correspond to the Term. Payment At Landlord’s election, payment for any insurance to be held or maintained by Tenant shall Landlord for the Premises may be made by Tenant directly to the insurance carrier or reimbursed by Tenant to Landlord within ten thirty (1030) days following Tenant’s receipt of an invoice, and payment for insurance held by Landlord shall be made pursuant to Section 4.4.

Appears in 1 contract

Samples: Commercial Lease Agreement (ImmunityBio, Inc.)