Common use of Boiler Clause in Contracts

Boiler. Insurance against loss or damage from explosion of any steam or pressure boilers or similar apparatus located in or about the Premises in an amount not less than the actual cost to repair or replace the insured equipment/machinery. At Tenant's option, the Premises may be included in Landlord's (or its affiliates') blanket policy of insurance, if and so long as the same is maintained by Landlord (or its affiliates), in which case the cost allocable to the Premises will be based on the insurer's cost calculations.