DEDUCTIBLE OF NO GREATER THAN FORTY-EIGHT (48) HOURS, OR TWENTY-FIVE THOUSAND
($25,000.00), IF A SEPARATE DEDUCTIBLE APPLIES.
THIS COVERAGE WILL BE
SPECIFICALLY ENDORSED TO INCLUDE AGENT BANK AS LOSS PAYEE.
D.
BOILER AND MACHINERY.
BORROWERS SHALL MAINTAIN A BOILER AND
MACHINERY POLICY FOR THE CASINO FACILITIES WRITTEN ON A COMPREHENSIVE FORM WITH
A COMBINED DIRECT AND INDIRECT LIMIT OF NO LESS THAN TEN MILLION DOLLARS
($10,000,000.00).
THE POLICY SHALL INCLUDE EXTENSIONS FOR AGREED AMOUNT
(WAIVING CO-INSURANCE) AND REPLACEMENT COST VALUATION.
THE POLICY MAY CONTAIN
DEDUCTIBLES OF NO GREATER THAN TWENTY-FIVE THOUSAND DOLLARS ($25,000.00) DIRECT
AND TWO TIMES AVERAGE DAILY VALUE FOR BUSINESS INCOME.
E.
CRIME INSURANCE.
BORROWERS SHALL OBTAIN A COMPREHENSIVE CRIME
POLICY, INCLUDING INNKEEPERS LEGAL AND SAFE DEPOSIT LEGAL COVERAGES AND THE
FOLLOWING COVERAGES:
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(I)
EMPLOYEE DISHONESTY - ONE MILLION DOLLARS ($1,000,000.00);
(II)
MONEY AND SECURITIES (INSIDE) - FIVE HUNDRED THOUSAND DOLLARS
($500,000.00);
(III)
MONEY AND SECURITIES (OUTSIDE) - FIVE HUNDRED THOUSAND DOLLARS
($500,000.00);
(IV)
DEPOSITOR'S FORGERY - ONE MILLION DOLLARS ($1,000,000.00);
(V)
COMPUTER FRAUD - ONE MILLION DOLLARS ($1,000,000.00).
The policy must be amended so that money is defined to include "tokens and
chips" (as defined in Regulation 12.010 of the Nevada Gaming Authorities).
The
policy may contain deductibles of no greater than Fifty Thousand Dollars
($50,000.00) for all coverages listed above.
F.
COMMERCIAL GENERAL LIABILITY (1998 FORM OR EQUIVALENT).
BORROWERS SHALL MAINTAIN A COMMERCIAL GENERAL LIABILITY POLICY WITH A ONE
MILLION DOLLAR ($1,000,000.00) COMBINED SINGLE LIMIT FOR BODILY INJURY AND
PROPERTY DAMAGE, INCLUDING PRODUCTS LIABILITY, CONTRACTUAL LIABILITY, AND ALL
STANDARD POLICY FORM EXTENSIONS.
THE POLICY MUST PROVIDE A TWO MILLION DOLLAR
($2,000,000.00) GENERAL AGGREGATE (PER LOCATION, IF MULTI-LOCATION RISK) AND BE
WRITTEN ON AN "OCCURRENCE FORM".
THE POLICY WILL ALSO INCLUDE EXTENSIONS FOR
LIQUOR LEGAL LIABILITY, EMPLOYEE BENEFITS LEGAL LIABILITY AND SPECTATOR
LIABILITY COVERAGES (IF NECESSARY, A SEPARATE POLICY CAN BE SECURED FOR
SPECTATOR LIABILITY).
IF THE GENERAL LIABILITY POLICY CONTAINS A SELF-INSURED
RETENTION, IT SHALL BE NO GREATER THAN TWENTY-FIVE THOUSAND DOLLARS ($25,000.00)
PER OCCURRENCE, WITH AN AGGREGATE RETENTION OF NO MORE THAN ONE MILLION DOLLARS
($1,000,000.00), INCLUDING EXPENSES.
The policy shall be endorsed to include Agent Bank as an additional insured on
behalf of the Banks.
Definition of additional insured shall include all
officers, directors, employees, agents and
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representatives of the additional insured.
The coverage for additional insured
shall apply on a primary basis irrespective of any other insurance whether
collectible or not (ISO Form #CG20261185 Additional Insured - Designated Person
or Organization, or Equivalent).
G.
CARE, CUSTODY AND CONTROL LIABILITY.
BORROWERS SHALL MAINTAIN A
CARE, CUSTODY AND CONTROL LIABILITY POLICY WITH A SINGLE LIMIT OF NO LESS THAN
ONE HUNDRED THOUSAND DOLLARS ($100,000.00) (EACH HORSE)/ONE MILLION DOLLARS
($1,000,000.00) (IN THE AGGREGATE) PER OCCURRENCE FOR ANY INJURY, DAMAGE OR
DEATH TO HORSES IN THE CARE, CUSTODY AND CONTROL OF THE BORROWERS.
THE AGENT
BANK SHALL BE INCLUDED AS AN ADDITIONAL INSURED UNDER SUCH POLICY.
H.
AUTOMOBILE.
BORROWERS SHALL MAINTAIN A COMPREHENSIVE AUTOMOBILE
LIABILITY INSURANCE POLICY WRITTEN UNDER COVERAGE "SYMBOL 1", PROVIDING