Common use of Protection Against Insurance Cancellation Clause in Contracts

Protection Against Insurance Cancellation. If any insurance policy on the Building or any part thereof shall be canceled or if cancellation shall be threatened, or if the coverage shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation of the Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Premises, and if Tenant fails to take reasonable efforts to remedy the condition giving rise to the cancellation, threatened cancellation, reduction, or threatened reduction of coverage within forty-eight (48) hours after notice or to complete the remedy within five (5) days after notice, Landlord may, at its option, enter upon the Premises and attempt to remedy the condition, and Tenant shall forthwith pay the cost to Landlord as Additional Rent. Landlord shall not be liable for any damage or injury caused to any property of Tenant or of other persons located on the Premises as a result of such entry. If Landlord is unable to remedy the offensive conditions if it chooses to attempt same, the Landlord shall have all of the remedies provided for in this Lease in the event of a default by Tenant. Notwithstanding the foregoing provisions of this Section 4.6, if Tenant fails to remedy the condition, Tenant shall be in default and Landlord shall have no obligations to attempt to remedy.

Appears in 1 contract

Samples: Building Lease (AcuNetx, Inc.)

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Protection Against Insurance Cancellation. If any insurance policy on the Building or any part thereof shall be canceled or if cancellation shall be threatened, or if the coverage thereunder shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation of the Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Premises, and if Tenant fails to take reasonable efforts to remedy the condition giving rise to the cancellation, threatened cancellation, reduction, reduction or threatened reduction of coverage within forty-eight (48) hours after notice or to complete the remedy within five (5) days after noticethereof, Landlord may, at its option, enter upon the Premises and attempt to remedy the condition, such condition and Tenant shall forthwith forth with pay the cost thereof to Landlord as Additional Rent. Landlord shall not be liable for any damage or injury caused to any persons or property of Tenant or of other persons others located on the Premises as a result of such entryentry unless caused by the gross negligence of Landlord. If In the event that Landlord is shall be unable to remedy the offensive conditions if it chooses to attempt same, the such condition then Landlord shall have all of the remedies provided for in this Lease in the event of a default by Tenant. Notwithstanding the foregoing provisions of this Section 4.610, if Tenant fails to remedy the conditionas aforesaid, Tenant shall be in default of its obligation hereunder, and Landlord shall have no obligations obligation to attempt to remedy.

Appears in 1 contract

Samples: Standard Building Lease (Bourbon Brothers Holding Corp)

Protection Against Insurance Cancellation. If any insurance policy on the Building Complex or any part thereof shall be canceled or if cancellation shall be threatened, or if the coverage thereunder shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation of the Leased Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Leased Premises, and if Tenant fails to take reasonable efforts to remedy the condition giving rise to the cancellation, threatened cancellation, reduction, or threatened reduction of coverage within forty-eight (48) hours after written notice or to complete the remedy within five (5) days after noticethereof, Landlord may, at its option, enter upon the Leased Premises and attempt to remedy the such condition, and Tenant shall forthwith pay the cost thereof to Landlord as Additional Rent, including without limitation, reasonable attorneys' fees incurred by Landlord. Landlord shall not be liable for any damage or injury caused to any property of Tenant or of other persons others located on the Leased Premises as a result of such entry. If In the event that Landlord is shall be unable to remedy the offensive conditions if it chooses to attempt samesuch condition, the then Landlord shall have all of the remedies provided for in this Lease in the event of a default by Tenant. Notwithstanding the foregoing provisions of this Section 4.6Article 10, if Tenant fails to remedy the conditionas aforesaid, Tenant shall be in default of its obligation hereunder, and Landlord shall have no obligations obligation to attempt to remedy, and Landlord may pursue all of its remedies provided for in this Lease in the event of a default by Tenant.

Appears in 1 contract

Samples: Lease (Healthetech Inc)

Protection Against Insurance Cancellation. If any insurance policy on the Building Complex or any part thereof shall be canceled or if cancellation shall be threatened, or if the coverage thereunder shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation of the Leased Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Leased Premises, and if Tenant fails to take reasonable efforts to remedy the condition giving rise to the cancellation, threatened cancellation, reduction, or threatened reduction of coverage within forty-eight (48) hours after written notice or to complete the remedy within five (5) days after noticethereof, Landlord may, at its option, enter upon the Leased Premises and attempt to remedy the such condition, and Tenant shall forthwith pay the cost thereof to Landlord as Additional Rent, including without limitation, reasonable attorneys’ fees incurred by Landlord. Landlord shall not be liable for any damage or injury caused to any property of Tenant or of other persons others located on the Leased Premises as a result of such entry. If In the event that Landlord is shall be unable to remedy the offensive conditions if it chooses to attempt samesuch condition, the then Landlord shall have all of the remedies provided for in this Lease in the event of a default by Tenant. Notwithstanding the foregoing provisions of this Section 4.6Article 10, if Tenant fails to remedy the conditionas aforesaid, Tenant shall be in default of its obligation hereunder, and Landlord shall have no obligations obligation to attempt to remedy, and Landlord may pursue all of its remedies provided for in this Lease in the event of a default by Tenant.

Appears in 1 contract

Samples: Office Lease (Heatwurx, Inc.)

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Protection Against Insurance Cancellation. If any insurance policy on the Building or any part thereof shall be canceled or if cancellation shall be threatened, or if the coverage thereunder shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation of the Leased Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Leased Premises, and if Tenant fails to take reasonable efforts to remedy the condition giving rise to the cancellation, threatened cancellation, reduction, reduction or threatened reduction of coverage within forty-eight (48) hours after notice or to complete the remedy within five (5) days after noticethereof, Landlord may, at its option, enter upon the Leased Premises and attempt to remedy the condition, such condition and Tenant shall forthwith forth with pay the cost thereof to Landlord as Additional additional Rent. Landlord shall not be liable for any damage or injury caused to any property of Tenant or of other persons others located on the Leased Premises as a result of such entryentry unless caused by the gross negligence of Landlord. If In the event that Landlord is shall be unable to remedy the offensive conditions if it chooses to attempt samesuch condition, the then Landlord shall have all of the remedies provided for in this Lease in the event of a default by Tenant. Notwithstanding the foregoing provisions of this Section 4.610, if Tenant fails to remedy the conditionas aforesaid, Tenant shall be in default of its obligation hereunder, and Landlord shall have no obligations obligation to attempt to remedy.

Appears in 1 contract

Samples: Lease (Integrated Information Systems Inc)

Protection Against Insurance Cancellation. If any insurance policy on the Building required to be carried pursuant to this Lease or any part thereof shall be canceled cancelled or if cancellation shall be threatened, or if the coverage shall be reduced or be threatened to be reduced, in any way by reason of the use or occupation of the Leased Premises or any part thereof by Tenant, any assignee or subtenant of Tenant, or by anyone permitted by Tenant to be upon the Leased Premises, and and, if Tenant fails to take reasonable efforts to remedy the condition giving rise to the cancellation, threatened cancellation, reduction, or threatened reduction of coverage within forty-eight (48) hours after following Tenant's receipt of written notice or to complete the remedy diligently prosecute such remedial action to completion within five (5) days after a reasonable time following Tenant's receipt of such written notice, Landlord may, at its option, enter upon the Leased Premises and attempt to remedy the condition, and Tenant shall forthwith pay the cost to Landlord as Additional additional Rent. Except for Landlord's negligence, Landlord shall not be liable for any damage or injury caused to any property of Tenant or of other persons others located on the Leased Premises as a result of such entry. If Landlord is unable to remedy the offensive conditions if it chooses to attempt sameconditions, the Landlord shall have all of the remedies provided for in this Lease in the event of a default by Tenant. Notwithstanding the foregoing provisions of this Section 4.68.4, if Tenant fails to remedy the condition, Tenant shall be in default and Landlord shall have no obligations to attempt to remedy.

Appears in 1 contract

Samples: Lease (Quantum Corp /De/)

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