Form Satisfactory, Etc. All of the policies of insurance referred to in this Article XIII shall be written in a form, with deductibles satisfactory to Lessor. Lessee shall pay all of the premiums relating to insurance coverage required per Section 13.1 and deliver certificates thereof to Lessor prior to their effective date and annually thereafter. In the event of the failure of Lessee either to effect such insurance as herein called for or to pay the premiums therefore, or to deliver such certificates thereof to Lessor at the times required, Lessor shall be entitled, but shall have no obligation, to effect such insurance and pay the premiums therefore, and Lessee shall reimburse Lessor for any premium or premiums paid by Lessor for the coverage required under this Section upon written demand therefore, and Lessee's failure to repay the same within 30 days after Notice of such failure from Lessor shall constitute an Event of Default within the meaning of Section 16.1(c). Each insurer mentioned in this Article XIII shall agree, by endorsement to the policy or policies issued by it, that it will give to Lessor at least 60 days written notice before the coverage under such policy or policies in question shall be materially reduced, allowed to expire or cancelled.
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Form Satisfactory, Etc. All of the policies of insurance referred to in this Article XIII to be maintained by Lessee shall be written in a form, form with deductibles and by insurance companies satisfactory to Lessor. Lessee shall pay all of the premiums relating to insurance coverage required per Section 13.1 therefor, and deliver certificates thereof of insurance to Lessor fifteen (15) days prior to their the anniversary or effective date date, and annually thereafter. In in the event of the failure of Lessee either to effect such insurance as herein called for or to pay the premiums thereforetherefor, or to deliver such policies or certificates thereof to Lessor at the times required, Lessor shall be entitled, but shall have no obligation, to effect such insurance and pay the premiums thereforetherefor, and Lessee shall reimburse Lessor for any premium or premiums paid by Lessor for the coverage coverages required of Lessee under this Section Article XIII upon written demand thereforetherefor, and Lessee's failure to repay the same within 30 days after the Notice of such failure from Lessor shall constitute an Event of Default within the meaning of Section 16.1(c)16.1. Each insurer mentioned in this Article XIII shall agree, by endorsement to the policy or policies issued by it, or by independent instrument furnished to Lessor, that it will give to Lessor at least 60 days 30 days' written notice before the coverage under such policy or policies in question shall be materially reducedaltered, allowed to expire or cancelledcanceled. A copy of insurance policies will be provided by Lessee to Lessor within a reasonable amount of time.
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Form Satisfactory, Etc. All of the policies of insurance referred to in this Article XIII shall be written in a form, with deductibles reasonably satisfactory to Lessor. Lessee shall pay or cause to be paid all of the premiums relating to insurance coverage required per Section 13.1 and deliver certificates thereof to Lessor prior to their effective date and annually thereafter. In the event of the failure of Lessee either to effect such insurance as herein called for or to pay the premiums therefore, or to deliver such certificates thereof to Lessor at the times required, Lessor shall be entitled, but shall have no obligation, to effect such insurance and pay the premiums therefore, and Lessee shall reimburse Lessor for any premium or premiums paid by Lessor for the coverage required under this Section upon written demand therefore, and Lessee's ’s failure to repay the same within 30 days after Notice of such failure from Lessor shall constitute an Event of Default within the meaning of Section 16.1(c). Each insurer mentioned in this Article XIII shall agree, by endorsement to the policy or policies issued by it, that it will give to Lessor at least 60 30 days written notice before the coverage under such policy or policies in question shall be materially reduced, allowed to expire or cancelled.
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Sources: Lease Agreement (Eagle Hospitality Properties Trust, Inc.)
Form Satisfactory, Etc. All of the policies of insurance referred to in this Article XIII shall be written in a form, with deductibles reasonably satisfactory to Lessor. Lessee shall pay all of the premiums relating to insurance coverage required per Section 13.1 and deliver certificates thereof to Lessor prior to their effective date and annually thereafter. In the event of the failure of Lessee either to effect such insurance as herein called for or to pay the premiums therefore, or to deliver such certificates thereof to Lessor at the times required, Lessor shall be entitled, but shall have no obligation, to effect such insurance and pay the premiums therefore, and Lessee shall reimburse Lessor for any premium or premiums paid by Lessor for the coverage required under this Section upon written demand therefore, and Lessee's failure to repay the same within 30 days after Notice of such failure from Lessor shall constitute an Event of Default within the meaning of Section 16.1(c). Each insurer mentioned in this Article XIII shall agree, by endorsement to the policy or policies issued by it, that it will give to Lessor at least 60 days written notice before the coverage under such policy or policies in question shall be materially reduced, allowed to expire or cancelled.
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Form Satisfactory, Etc. All of the policies of insurance referred to in this Article XIII shall be written in a form, with deductibles form satisfactory to LessorLessor and any Facility Mortgagee and by insurance companies satisfactory to Lessor and any Facility Mortgagee. Lessee The property loss insurance policies shall contain a Replacement Cost Endorsement. Lessor agrees that it will not unreasonably withhold its approval as to the form of the policies of insurance or as to the insurance companies selected by Lessees. Lessees shall pay when due all of the premiums relating to insurance coverage required per Section 13.1 therefor, and deliver such policies or certificates thereof to Lessor prior to their effective date (and, with respect to any renewal policy, not less than twenty (20) days prior to the expiration of the existing policy, a new policy or binder shall be furnished to Lessor), and annually thereafter. In in the event of the failure of Lessee Lessees either to effect such insurance as herein called for or to pay the premiums thereforetherefor, or to deliver such policies or certificates thereof to Lessor at the times required, Lessor shall be entitled, but shall have no obligation, to effect such insurance and pay the premiums thereforetherefor when due, and Lessee which premiums shall reimburse be repayable to Lessor for any premium or premiums paid by Lessor for the coverage required under this Section upon written demand thereforetherefor as Rent, and Lessee's failure to repay the same within 30 days after Notice of such failure from Lessor shall constitute an Event of Default within the meaning of Section 16.1(c). Each insurer mentioned in this Article XIII shall agree, by endorsement to the policy or policies issued by it, that it will give to Lessor at least 60 days written notice before the coverage under such policy or policies in question shall be materially reduced, allowed to expire or cancelled16.
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Form Satisfactory, Etc. All of the policies of insurance referred to in this Article XIII Section shall be written in a form, with deductibles form satisfactory to Lessor and by insurance companies satisfactory to Lessor, Lessor agrees that it will not unreasonably withhold its approval as to the form of the policies of insurance or as to the insurance companies selected by Lessee. Lessee shall pay all of the premiums relating to insurance coverage required per Section 13.1 therefore, and deliver such policies or certificates thereof to Lessor prior to their effective date (and annually thereafter. In with respect to any renewal policy, at least ten (10) days prior to the expiration of the existing policy), and in the event of the failure of Lessee either to effect such insurance as in the names herein called for or to pay the premiums thereforetherefor, or to deliver such policies or certificates thereof to Lessor at the times required, Lessor shall be entitled, but shall have no obligation, to effect such insurance and pay the premiums thereforetherefor, and Lessee which premiums shall reimburse be repayable to Lessor for any premium or premiums paid by Lessor for with interest at the coverage required under this Section Overdue Rate upon written demand therefore, therefor and Lessee's failure to repay the same within 30 days after Notice of such failure from Lessor shall constitute an Event of Default within the meaning of Section 16.1(c16.1(d). Each insurer mentioned in this Article XIII Section shall agree, by endorsement to on the policy or policies issued by it, or by independent instrument furnished to Lessor, that it will give to Lessor at least 60 days thirty (30) days, written notice before the coverage under such policy or policies in question shall be materially reducedaltered, allowed to expire or cancelled.
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