Payment of Premiums; Insurance Policies. Subject to Section 4.05 Tenant shall pay all premiums for the insurance policies described in Paragraph 4.04(a) and (b) within fifteen (15) days after receipt by Tenant of a copy of the premium statement or other evidence of the amount due. If the insurance policies maintained by landlord cover improvements or real property other than the Property, Landlord shall also deliver to Tenant a statement of the amount of the premiums applicable to the Property showing, in reasonable detail, how such amount was computed. If the Lease Term expires before the expiration of the insurance policy period, Tenant's Liability for insurance premiums shall be prorated on an annual basis. All insurance shall be maintained with companies holding a "General Policyholder's Rating" of B+ or better, as set forth in the most current issue of "Best's Insurance Guide." Tenant shall be liable for the payment of any deductible amount under Xxxxxxxx's insurance policies; said deductible shall in no event be greater than $1,000. All policies required to be maintained hereunder may be maintained under Xxxxxx's existing umbrella policies.
Payment of Premiums; Insurance Policies. Subject to Section 4.05, Tenant shall pay all premiums for the insurance policies covering the Property described in Paragraphs 4.04(a) and (b) within fifteen (15) days after receipt by Tenant of a copy of the premium statement or other evidence of the amount due. If the Lease Term expires before the expiration of the insurance policy period, Tenant's liability for insurance premiums shall be prorated on an annual basis. All insurance shall be maintained with companies holding a "General Policyholder's Rating" of B+ or better, as set forth in the most current issue of "Best's Insurance Guide." Tenant shall be liable for the payment of any deductible amount under Landlord's insurance policies.
Payment of Premiums; Insurance Policies. Tenant shall pay its pro rata share of the premiums for maintaining the insurance required by Subsection 7.1.2. Tenant pro rata share of all such premiums shall be the same proportion as used for payment of Project Operating Costs as set forth in Subsection 1.9.4 hereof. All such amounts will be due and payable upon ten (10) days written notice.
Payment of Premiums; Insurance Policies. Tenant shall pay all premiums for the insurance policies covering the Premises described in Paragraphs 4.6(a) and (c) prior to delinquency. If the insurance policies maintained by Landlord cover improvements or real property other than the Shopping Center, Landlord shall also deliver to Tenant a statement of the amount of the premiums applicable to the Premises showing, in reasonable detail, how such amount was computed. If the Lease Term expires before the expiration of the insurance policy period, Tenant’s liability for insurance premiums shall be prorated on an annual basis. Tenant shall be liable for its pro rata share of the payment of any deductible amount under Landlord’s insurance policies as an item of Operating Cost.
Payment of Premiums; Insurance Policies. Tenant shall pay all premiums for the insurance policies covering the Property described in Sections 4.04 (a)(i) and (b) within thirty (30) days after receipt by Tenant of a copy of the premium statement or other evidence of the amount due. If the insurance policies maintained by Landlord cover improvements or real property other than the Property, Landlord shall also deliver to Tenant a statement from the insurer of the amount of premiums applicable to the Property showing, in reasonable detail, how such amount was computed. If the Lease Term expires before the expiration of the insurance policy period, Tenant's liability for insurance premiums shall be prorated on an annual basis. All insurance shall be maintained with companies holding a "General Policyholder's Rating" of B+-IX or better, as set forth in the most current issue of "Best's Insurance Guide." Additionally, Tenant may seek competitive bids for the insurance coverage to be obtained by Landlord hereunder at Xxxxxx's expense and may request that Landlord obtain such insurance from any provider that meets the minimum qualifications hereunder and for which Xxxxxx provides a written quote therefor. If Landlord declines to obtain the insurance from such requested provider(s), Xxxxxx's obligation to reimburse Landlord for the premiums of such insurance so obtained shall be limited to the amount of the premiums that Tenant's requested provider(s) quoted for such insurance, as earlier provided to Landlord. Tenant shall be liable for the payment of any deductible amount under Xxxxxxxx's insurance policies maintained pursuant to Section 4.04(b), provided said deductibles are ten thousand dollars ($l0,000.00) or less. Landlord and Xxxxxx agree to deliver to the other certificates of insurance evidencing the existence in force of the policies of insurance described in this Article Four, together with endorsements showing that Landlord has been named as additional insured under the policy required in Section 4.04(a)(i) and that Tenant has been named as additional insured under the policy required in Section 4.04(a)(ii). Each of the certificates shall provide that such insurance shall not be canceled or materially amended unless ten (10) days' prior written notice of such cancellation or amendment is given to the party designated on such certificate as the holder thereof.
Payment of Premiums; Insurance Policies. If Tenant fails to maintain the required insurance, Landlord may, but is not obligated to, maintain the insurance at Tenant's expense. Each insurance policy shall expressly provide that it is not subject to invalidation of the Landlord's interest by reason of any act or omission on the part of Tenant.
Payment of Premiums; Insurance Policies. Landlord shall pay the premiums for the insurance policies maintained by Landlord under Paragraph 8.2(a) and Tenant shall pay Landlord as Additional Rent Tenant's share of the Premiums as provided in Paragraph 5.2. If the Lease Term expires before the expiration of the insurance period, Tenant's liability shall be prorated on an annual basis.
Payment of Premiums; Insurance Policies. Tenant shall pay its pro rata share of the premiums for maintaining the insurance required by Subsections 4.4.1 and
Payment of Premiums; Insurance Policies. Tenant shall pay its pro rata share of the premiums for maintaining the insurance required by Subsections 4.4.1 and 4.4.2. Tenant's pro rate share of all such premiums shall be based on the same proportion as used for payment of taxes pursuant to Subsection 4.2.1 hereof. All such amounts will be due and payable upon ten (10) days written notice.
Payment of Premiums; Insurance Policies. Tenant shall pay all premiums for the insurance policies covering the Property described in Paragraphs 4.04(a) and (b) within thirty (30) days after receipt by Tenant of a copy of the premium statement or other evidence of the amount due. If the insurance policies maintained by Landlord cover improvements or real property other than the Property, Landlord shall also deliver to Tenant a statement of the amount of the premiums applicable to the Property showing, in reasonable detail, how such amount was computed. If the Lease Term expires before the expiration of the insurance policy period, Tenant's liability for insurance premiums shall be prorated on an annual basis. All insurance shall be maintained with companies holding a "General Policyholder's Rating" of A-VI or better, as set forth in the most current issue of "Best Insurance Guide." Tenant shall be liable for the payment of any deductible amount under Landlord's insurance policies.
