Common use of Building Insurance Clause in Contracts

Building Insurance. Except for Landlord's cost of the all-risk property insurance for the Improvements, as addressed in Section 20.4 hereof, if Landlord's cost of obtaining Landlord's Insurance (as defined herein) for the Property and/or the Building and the operations thereof exceeds the cost of obtaining such insurance for the first twelve (12) months following the Commencement Date, Tenant shall pay to Landlord, in a manner similar to this Section 7.3 within thirty (30) days after being billed therefore, an amount equal to Tenant's Share of such increased cost.

Appears in 2 contracts

Sources: Athletic Club Lease (Sports Club Co Inc), Lease (Sports Club Co Inc)

Building Insurance. Except for Landlord's cost of the all-risk property insurance for the Improvements, as addressed in Section 20.4 hereof, if Landlord's cost of obtaining Landlord's Insurance (as defined herein) for the Property and/or the Building and the operations thereof exceeds the cost of obtaining such insurance for the first twelve (12) months following the Commencement Date, Tenant shall pay to Landlord, in a manner similar to this Section 7.3 within thirty (30) days after being billed therefore, an amount equal to Tenant's Tena▇▇'▇ Share of such increased cost.

Appears in 1 contract

Sources: Lease Agreement (Sports Club Co Inc)