Common use of Increase in Coverage Clause in Contracts

Increase in Coverage. Following the initial term of the this Lease and thereafter not more than once during any three (3) year period, Landlord may, by notice to Tenant, require an increase in policy limits or require that Tenant carry other forms of insurance; provided that the same are commercially reasonable and in keeping with the insurance requirements of owners of similar properties in the applicable submarket in which the Premises is located.

Appears in 2 contracts

Sources: Office Building Lease Agreement (Sunnova Energy International Inc.), Office Building Lease Agreement (Sunnova Energy International Inc.)

Increase in Coverage. Following the initial term of the this Lease and thereafter on not more than once one (1) occasion during any three (3) year periodperiod thereafter, Landlord may, by notice to Tenant, require an increase in policy limits or require that Tenant carry other forms of insurance; provided that the same are commercially reasonable and in keeping with the insurance requirements of owners of similar properties in the applicable submarket in which the Premises is located.

Appears in 1 contract

Sources: Commercial Industrial Lease Agreement (Everspin Technologies Inc)

Increase in Coverage. Following the initial term of the this Lease and thereafter not more than once during any three five (35) year periodperiod thereafter, Landlord may, by notice to Tenant, require an increase in policy limits or require that Tenant carry other forms of insurancelimits; provided that the same are commercially reasonable and in keeping with the insurance requirements of owners of similar properties in the applicable submarket in which the Premises is located.

Appears in 1 contract

Sources: Sublease (Catabasis Pharmaceuticals Inc)