Common use of Customs and Excise Clause in Contracts

Customs and Excise. (b) any plant in the Premises comprising boilers connected piping and radiators hot water storage vessels and motors and pumps associated with boiler plant and any other plant which the Landlord may reasonably require to be included against the risks of breakdown accidental damage explosion or collapse as may be appropriate to the class of plant and such other risks as the Landlord or the Tenant may from time to time reasonably decide to insure against and for such sum as the Landlord shall from time to time reasonably consider sufficient (subject to normal excesses) such insurance to provide for periodical inspection to be arranged by the insurers (c) the Landlord against any public liability or third party risks relating to the Premises as the Landlord shall from time to time reasonably require (2) PROVIDED ALWAYS that the sum insured under either paragraph (a) or paragraph (b) of this sub-clause shall not be less than any amount notified by the Tenant to the Landlord under sub-clause 7.2 of this clause

Appears in 2 contracts

Sources: Lease (Saville Systems PLC), Lease (Iterated Systems Inc)