Common use of Premium Increase Clause in Contracts

Premium Increase. If, by reason of any action or omission by Tenant in default of any of its obligations under this Lease, or by reason of any Tenant Work installed in the Premises, the premiums on Landlord's insurance on the Building are higher than they otherwise would be, Tenant shall reimburse Landlord, on demand, as Additional Charges, for that part of the premiums attributable to the default by Tenant or the Tenant Work.

Appears in 1 contract

Sources: Lease Agreement (Statmon Technologies Corp)

Premium Increase. If, by reason of any action act or omission by Tenant in default of any of its obligations under this Lease, or by reason of any Tenant Work installed in the Premises, the premiums on Landlord's insurance on the Building are higher than they otherwise would be, Tenant shall reimburse Landlord, on demand, as Additional ChargesRent, for that part of the premiums attributable to the default act or omission by Tenant or the Tenant Work.

Appears in 1 contract

Sources: Office Lease (Powersource Corp)

Premium Increase. If, by reason of any action or omission by Tenant in default of any of its obligations under this Lease, or by reason of any Tenant Work installed in the Premises, the premiums on Landlord's insurance on the Building are higher than they otherwise would be, . Tenant shall reimburse Landlord, on demand, as Additional Charges, for that part of the premiums attributable to the default by Tenant or the Tenant Work.

Appears in 1 contract

Sources: Lease Agreement (Ultimate Sports Entertainment Inc)