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Insurance - Cessna Rental. (a) Throughout the Term, Owner shall cause to be given as well as maintained completely force as well as impact, at Lessee's sole price and cost, a policy or plans of insurance policy supplying the protection described in this Area 7 covering all operations of the Aircraft ("Insurance Plan"). (i) Aircraft liability insurance policy covering all operations of the Airplane, which protection will: (A) include a territory arrangement sufficient to cover all Airplane operations allowed by this Agreement, with restrictions of not less than 2 Hundred Million US Dollars (United States $200,000,000) per occurrence on a consolidated solitary limitation basis, covering claims for fatality, physical injury and home damages, (B) listing Owner as well as Lessee as named insureds and also listing as extra named insureds each of Lessee's and also Lessor's associates and also their corresponding directors, police officers, managers, staff members as well as agents and also Gama Aviation, Inc.; (C) be backed to make sure that it is main and also non-contributing to any type of other insurance that is readily available to any of the insureds.


(iii) The Insurance plan will consist of an endorsement giving that protections under such Insurance plan will not be voided by any type of act or negligence of anyone, consisting of an additional insured under the policies; given that there is neither consent neither real knowledge by the insured celebration that such action would certainly void insurance coverage under the policy and also shall include a waiver of subrogation in favor of Lessee and its policemans, supervisors, managers, workers as well as representatives as well as Gama Air travel.


All Insurance coverage shall supply for a severability of interest/cross obligation recommendation, so as to make sure that the insurance shall run throughout as if a different policy has been provided covering each celebration insured, although underwriters' overall restriction of responsibility will certainly not increase. (c) Without delay adhering to the implementation of this Contract and yearly afterwards, Lessor will supply Lessee with certificates of insurance as well as endorsements showing the performance (as well as revival, as relevant) of such Insurance plan in conformity with the insurance needs specified in this Area 7.






Restriction of Obligation. LESSOR UNDERSTANDS AND ALSO AGREES THAT THE INSURANCE PLAN ARE OWNER'S SOLE TREATMENT AGAINST LESSEE FOR ANY AND ALL LOSS OR DAMAGES TO THE AIRCRAFT AND/OR INJURY OR DEATH OF ANY GUEST AND/OR FOR ANY AS WELL AS ALL CLAIMS, PROBLEMS, LOSSES, COSTS AND LIABILITIES INCLUDING, BUT NOT LIMITED TO, DIRECT OR INDIRECT LOSS OR DAMAGES TO THE AIRCRAFT, DECREASE IN VALUE OF THE AIRPLANE, LOSS OF EARNINGS, REVENUES, PROFITS OR BUSINESS OPPORTUNITIES OR SPECIAL, INCIDENTAL OR CONSEQUENTIAL PROBLEMS ARISING OUT OF THIS AGREEMENT OR WHATSOEVER LINKED WITH THE AIRPLANE UNDER THIS CONTRACT, WHETHER ON THE GROUND OR AIRBORNE, AS WELL AS THE VARIOUS OTHER DEALS CONTEMPLATED HEREBY, UNLESS SUCH DECLARES, PROBLEMS, LOSSES, COSTS OR LIABILITIES 5 ARE SOLELY THE OUTCOME OF LESSEE'S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OR OWNER'S FAILING TO MAINTAIN THE INSURANCE PLAN REQUIRED HEREUNDER.

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This Section 8 shall make it through any kind of termination of this Contract. 9. Danger of Loss; Loss or Damages. (a) Topic to Section 8, Lessee shall bear the danger of loss, damages or devastation of the Aircraft from the time YOURURL.com of shipment till the Airplane is gone back to Owner pursuant to this Contract.




An Occasion of Loss with respect to any kind of engine or APU will not, without loss of the airframe, be considered an Event of Loss relative to the Aircraft (Cessna Rental). 6 10. Termination. This Arrangement may be ended: (i) when the mutual consent of all events; (ii) by either party when the discontinuation of Robert Pittman's work with Lessee for any factor; (iii) by the non-breaching celebration if an Event of Default has actually happened and the breaching event has not cured within the relevant treatment duration (if any type of) attended to in Section 14 of this Arrangement; (iv) instantly upon receipt by Owner of the Casualty Value complying with an Occasion of Loss; or (v) either party adhering to a decision by an equally acceptable Dassault-authorized service facility that the Airplane is damaged to the level that it is improbable that it can be made operative within sixty (60) days.


11. Depictions, Warranties as well as Arrangements. Lessee as well as Owner each stand for, require and also agree as complies with: (a) Due Company. It is appropriately organized as well as validly existing under the laws of the jurisdiction of its company and will continue to be appropriately organized as well as existing in good standing as well as is duly qualified to do company any place essential to execute its obligations under this Agreement.


Title; No Liens; Quiet Satisfaction (Cessna Rental). (a) Title to the Airplane shall continue to be vested in Owner during the Term and also the Airplane shall be signed up at the FAA in the name of Lessor. Lessee will have no right, title or rate of interest in or to the Aircraft other than as expressly given herein and will take no action or fail to take any kind of action fairly asked for by Owner that would impair the ongoing enrollment of the Aircraft at the FAA for Lessor.

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An Event of Loss with respect to any kind of engine or APU will not, without loss of the airframe, be deemed an Occasion of Loss with regard to the Aircraft. This Agreement might be terminated: (i) instantly upon the mutual approval of all anchor parties; (ii) by either celebration quickly upon the termination of Robert Pittman's work with Lessee for any type of reason; (iii) by the non-breaching party if an Event of Default has actually taken place as well as the breaching celebration has actually not cured within the applicable cure site link duration (if any) supplied for in Section 14 of this Agreement; (iv) instantly upon invoice by Owner of the Casualty Value complying with an Event of Loss; or (v) either party adhering to a resolution by a mutually agreeable Dassault-authorized solution facility that the Aircraft is damaged to the extent that it is improbable that it can be made operative within sixty (60) days.




11. Representations, Warranties and Agreements. Lessee and also Owner each represent, call for as well as agree as follows: (a) Due Company. It is appropriately organized and also validly existing under the legislations of the territory of its organization and also will certainly remain properly arranged as well as existing in great standing and is properly qualified to do business any place needed to perform its commitments under this Arrangement.


Title; No Liens; Quiet Enjoyment. (a) Title to the Aircraft will remain vested in Owner throughout the Term and also the Aircraft shall be signed up at the FAA in the name of Owner. Lessee shall have no right, title or rate of interest in or to the Airplane except as expressly given here as well as shall take no activity or fail to take any type of action fairly asked for by Lessor that would hinder the ongoing registration of the Aircraft at the FAA for Lessor.