Premium Increase. If by reason of (a) any default by Tenant under this Lease, (b) any Improvement installed, or Tenant Property used, in the Premises or (c) Tenant’s use of the Premises, the premiums for any insurance on the Building (including rent insurance) are higher than they otherwise would be, Tenant shall reimburse Landlord, within fifteen (15) days after demand, as Additional Rent, for that part of the premiums attributable to such default, such Improvements, such Tenant Property or such use. A schedule or statement of rates for the Building issued by the insurance companies insuring the Building, or by a fire insurance rating organization such as the New York Fire Insurance Exchange or other similar body making rates for insurance for the Building, shall be conclusive evidence of the facts therein stated and of the several items and charges in the insurance rate then applicable to the Building. If any such insurance shall be cancelled by the insurance carrier due to the occupancy or use of the Premises by Tenant for other than office use or Tenant's failure to occupy the Premises or abandonment thereof, then, in addition to any other rights or remedies that Landlord may have under this Lease, Tenant shall indemnify, defend and hold Landlord harmless against any loss that would have been covered by such insurance.
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Premium Increase. If If, by reason of (a) any default by Tenant under ---------------- this Lease after notice and beyond any applicable grace period, or by reason of any Tenant's Work installed in the Premises except for any work performed by Landlord pursuant to the terms hereof, including without limitation, the work referred to in Section 2.3 of this Lease, (b) any Improvement installed, or Tenant Property used, in the Premises or (c) Tenant’s use of the Premises, the premiums for any on Landlord's insurance on the Building (including without limitation rent insurance) are higher than they otherwise would be, Tenant shall correct such default, and Tenant shall reimburse Landlord, within fifteen thirty (1530) days after demand, as Additional Rent, for that part of the premiums attributable to the default by Tenant or the Tenant's Work. If, due to the particular manner of Tenant's use of the Premises, any such defaultinsurance shall be cancelled by the insurance carrier, then Tenant shall cease such Improvementsuse or occupancy and shall indemnify, defend and hold Landlord harmless against any loss which would have been covered by such Tenant Property or such useinsurance. A schedule or statement of rates for the Building Building, issued by the insurance companies insuring the Building, or by a fire insurance rating organization such as the New York Fire Insurance Exchange or other similar body making rates for insurance for the Building, shall be conclusive evidence of the facts therein stated and of the several items and charges in the insurance rate then applicable to the Building. If any such insurance shall be cancelled by the insurance carrier due to the occupancy or use of the Premises by Tenant for other than office use or Tenant's failure to occupy the Premises or abandonment thereof, then, in addition to any other rights or remedies that Landlord may have under this Lease, Tenant shall indemnify, defend and hold Landlord harmless against any loss that would have been covered by such insurance.EXECUTION COPY
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