Common use of Tenant’s Insurance Defaults Clause in Contracts

Tenant’s Insurance Defaults. If Tenant fails to obtain any insurance required of it under the terms of this Lease, Landlord may, at its option, but is not obligated to, obtain such insurance on behalf of Tenant and xxxx Tenant, as additional rent, for the cost thereof. Payment shall be due within ten (10) days of receipt of the billing therefor by Tenant.

Appears in 5 contracts

Samples: Office Lease, Office Lease (Heritage Commerce Corp), Office Lease (Puma Biotechnology, Inc.)

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Tenant’s Insurance Defaults. If Tenant fails to obtain any insurance required of it under the terms of this Lease, and such failure continues for three (3) business days following notice from Landlord, Landlord may, at its option, but is not obligated to, obtain such insurance on behalf of Tenant and xxxx Tenant, as additional rent, for the cost thereof. Payment shall be due within ten thirty (1030) days of receipt of the billing therefor by Tenant.

Appears in 2 contracts

Samples: Office Lease (Atara Biotherapeutics, Inc.), Office Lease (Tobira Therapeutics, Inc.)

Tenant’s Insurance Defaults. If Tenant fails to obtain any insurance required of it under the terms of this LeaseLease and such failure continues for a period of five (5) days after Landlord's notice of the same to Tenant, Landlord may, at its option, but is not obligated to, obtain such insurance on behalf of Tenant and xxxx Tenant, as additional rent, for the cost thereof. Payment shall be due within ten (10) days of receipt of the billing therefor by Tenant.

Appears in 2 contracts

Samples: Office Lease (Kronos Bio, Inc.), Office Lease (Kronos Bio, Inc.)

Tenant’s Insurance Defaults. If Tenant fails to obtain any insurance required of it under the terms of this Lease, Landlord may, at its option, but is not obligated to, obtain such insurance on behalf of Tenant and xxxx Tenant, as additional rent, for the cost thereof. Payment shall be due within ten fifteen (1015) days of receipt of the billing therefor by Tenant.

Appears in 1 contract

Samples: Office Lease (Webex Communications Inc)

Tenant’s Insurance Defaults. If Tenant fails to obtain any insurance required of it under the terms of this Lease, Landlord may, at its option, but is not obligated to, obtain such insurance on behalf of Tenant and xxxx Tenant, as additional rent, for the cost thereof. Payment shall be due within ten fifteen (1015) days of receipt of the billing therefor by Tenant.. ARTICLE 17

Appears in 1 contract

Samples: Office Lease (Witness Systems Inc)

Tenant’s Insurance Defaults. If Tenant fails to obtain any insurance required of it under the terms of this Lease, Landlord may, at its option, but is not obligated to, obtain such insurance on behalf of Tenant after ten (10) business days’ prior written notice thereof (provided that Landlord may obtain such insurance on behalf of Tenant immediately and without prior notice in the event of a lapse of coverage) and xxxx Tenant, as additional rent, for the cost thereof. Payment shall be due within ten (10) business days of receipt of the billing therefor by Tenant.

Appears in 1 contract

Samples: Office Lease (Sphere 3D Corp)

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Tenant’s Insurance Defaults. If Tenant fails to obtain any insurance required of it under the terms of this Lease, and such failure continues for three (3) business days following notice from Landlord, Landlord may, at its option, but is not obligated to, obtain such insurance on behalf of Tenant and xxxx bxxx Tenant, as additional rent, for the cost thereof. Payment shall be due within ten thirty (1030) days of receipt of the billing therefor by Tenant.

Appears in 1 contract

Samples: Office Lease (Tobira Therapeutics, Inc.)

Tenant’s Insurance Defaults. If Tenant fails to obtain any insurance required of it under the terms of this Lease, Landlord may, at its option, but is not obligated to, obtain such insurance on behalf of Tenant and xxxx Tenant, as additional rentRent, for the cost thereof. Payment shall be due within ten thirty (1030) days of receipt of the billing therefor by Tenant.

Appears in 1 contract

Samples: Lease (Fibrogen Inc)

Tenant’s Insurance Defaults. If Tenant fails to obtain any insurance --------------------------- required of it under the terms of this Lease, Landlord may, at its option, but is not obligated to, obtain such insurance on behalf of Tenant and xxxx Tenant, as additional rent, for the cost thereof. Payment shall be due within ten (10) days of receipt of the billing therefor by Tenant.

Appears in 1 contract

Samples: Office Lease (Blaze Software Inc)

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