Common use of Boiler and Machinery Clause in Contracts

Boiler and Machinery. Borrowers shall maintain a Boiler and Machinery policy for the Hotel/Casino Facilities written on a Comprehensive Form with a combined direct and indirect limit of no less than Twenty-Five Million Dollars ($25,000,000.00). The policy shall include extensions for Agreed Amount (waiving co-insurance) and Replacement Cost Valuation. The policy may contain deductibles of no greater than Fifty Thousand Dollars ($50,000.00) direct and forty-eight (48) hours indirect.

Boiler and Machinery. The Borrowers shall maintain a Boiler and Machinery policy for the Hotel/Casino Facilities Facility written on a Comprehensive Form with a combined direct and indirect limit of no less than Twenty-Two Million Five Million Hundred Thousand Dollars ($25,000,000.002,500,000.00). The policy shall include extensions for Agreed Amount (waiving co-insurance) and Replacement Cost Valuation. The policy may contain deductibles of no greater than Fifty Ten Thousand Dollars ($50,000.0010,000.00) direct and fortytwenty-eight four (4824) hours indirect.

Boiler and Machinery. Borrowers shall maintain a Boiler and Machinery policy for the Hotel/Casino Facilities written on a Comprehensive Form with a combined direct and indirect limit of no less than Twenty-Five Twenty Million Dollars ($25,000,000.0020,000,000.00). The policy shall include extensions for Agreed Amount (waiving co-insurance) and Replacement Cost Valuation. The policy may contain deductibles of no greater than Fifty Thousand Dollars ($50,000.00) direct and forty-eight (48) hours indirect.