Failure to Maintain. If Tenant fails or refuses to maintain any insurance required by this Section 19, Landlord, at its discretion, may obtain and maintain insurance for such items and interests to protect Landlord in such amounts as Landlord may determine to be appropriate and any and all premiums paid or payable by Landlord therefor shall be deemed to be additional rent and shall be due on the payment date of the next installment of Rent hereunder. The failure to obtain or maintain any insurance required by this Section 19 shall constitute a material breach of this Lease.
Appears in 2 contracts
Sources: Office Lease (Smartsheet Inc), Office Lease (Smartsheet Inc)
Failure to Maintain. If Tenant fails or refuses to maintain any insurance required by this Section 1914, Landlord, at its discretion, may obtain and maintain insurance for such items and interests to protect Landlord in such amounts as Landlord may determine to be appropriate and any and all premiums paid or payable by Landlord therefor shall be deemed to be additional rent and shall be due on the payment date of the next installment of Rent hereunder. The failure to obtain or maintain any insurance required by this Section 19 14 shall constitute a material breach of this Lease.
Appears in 2 contracts
Sources: Office Lease (Eddie Bauer Holdings, Inc.), Office Lease (Eddie Bauer Holdings, Inc.)
Failure to Maintain. If Tenant fails or refuses to maintain any insurance required by this Section 19, Landlord, at its discretion, may obtain and maintain insurance for such items and interests to protect Landlord in such amounts as Landlord may determine to be appropriate and any and all premiums paid or payable by Landlord therefor shall be deemed to be additional rent and shall be ▇▇▇▇▇▇▇▇▇▇.▇▇▇ NNN Lease 22 due on the payment date of the next installment of Rent hereunder. The failure to obtain or maintain any insurance required by this Section 19 shall constitute a material breach of this Lease.
Appears in 1 contract
Sources: Office Lease (Smartsheet Inc)
Failure to Maintain. If Tenant fails or refuses to maintain any insurance required by this Section 1912, Landlord, at its discretion, may obtain and maintain insurance for such items and interests to protect Landlord in such amounts as Landlord may determine to be appropriate to protect Landlord, and any and all premiums paid or payable by Landlord therefor shall be deemed to be additional rent Additional Charges and shall be due on the payment date of the next installment of Rent due hereunder. The failure to obtain or maintain any insurance required by this Section 19 shall constitute a material breach of this default under the Lease.
Appears in 1 contract