Common use of Boiler and Machinery Clause in Contracts

Boiler and Machinery. Borrower shall maintain a Boiler and Machinery policy for the Hotel/Casino Facility written on a Comprehensive Form with a combined direct and indirect limit of no less than Twenty-Five Million Dollars ($25,000,000.00), which coverage may be included in the coverages required by Section 5.09(a) and (b) above. The policy shall include extensions for Agreed Amount (waiving co-insurance) and Replacement Cost Valuation. The policy (to the extent not covered by Section 5.09(a) and (b) above) may contain deductibles of no greater than One Hundred Thousand Dollars ($100,000.00) direct and forty-eight (48) hours indirect.

Boiler and Machinery. Borrower shall maintain a Boiler and Machinery policy for the Hotel/Casino Facility written on a Comprehensive Form with a combined direct and indirect limit of no less than Twenty-Five Ten Million Dollars ($25,000,000.0010,000,000.00), which coverage may be included in the coverages required by Section 5.09(a) and (b) above. The policy shall include extensions for Agreed Amount (waiving co-insurance) and Replacement Cost Valuation. The policy (to the extent not covered by Section 5.09(a) and (b) above) may contain deductibles of no greater than One Hundred Thousand Dollars ($100,000.00) direct and forty-eight (48) hours indirect.

Boiler and Machinery. Borrower shall maintain a Boiler and Machinery policy for the Hotel/Casino Facility written on a Comprehensive Form with a combined direct and indirect limit of no less than Twenty-Five Fifteen Million Dollars ($25,000,000.0015,000,000.00), which coverage may be included in the coverages required by Section 5.09(a) and (b) above. The policy shall include extensions for Agreed Amount (waiving co-insurance) and Replacement Cost Valuation. The policy (to the extent not covered by Section 5.09(a) and (b) above) may contain deductibles of no greater than One Hundred Thousand Dollars ($100,000.00) direct and forty-eight (48) hours indirect.