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Insurance policy - Cessna Rental. (a) Throughout the Term, Owner shall trigger to be supplied and kept completely pressure and effect, at Lessee's sole expense and also expenditure, a plan or policies of insurance policy offering the insurance coverage described in this Section 7 covering all procedures of the Airplane ("Insurance Plan"). (i) Aircraft liability insurance coverage covering all operations of the Aircraft, which protection shall: (A) include an area provision adequate to cover all Aircraft procedures allowed by this Arrangement, with restrictions of not much less than Two Hundred Million United States Dollars (US $200,000,000) per incident on a combined single restriction basis, covering insurance claims for death, physical injury and also property damages, (B) listing Owner as well as Lessee as called insureds as well as list as additional called insureds each of Lessee's and Lessor's associates and also their respective directors, police officers, managers, employees and also agents as well as Gama Air travel, Inc.; (C) be backed to make sure that it is main and non-contributing to any other insurance that is offered to any of the insureds.

(iii) The Insurance coverage will contain a recommendation giving that protections under such Insurance coverage Policies shall not be voided by any type of act or negligence of anyone, including one more insured under the policies; given that there is neither approval neither actual expertise by the insured celebration that such action would certainly invalidate coverage under the policy as well as will consist of a waiver of subrogation for Lessee and its policemans, directors, managers, staff members and representatives and also Gama Aviation.

All Insurance Plans shall attend to a severability of interest/cross liability endorsement, so as to make certain that the insurance coverage will run throughout as if a different plan has actually been issued covering each party guaranteed, although experts' total restriction of responsibility will not increase. (c) Promptly following the implementation of this Arrangement as well as each year after that, Lessor shall offer Lessee with certificates of insurance and endorsements evidencing the performance (as well as revival, as suitable) of such Insurance coverage Policies in compliance with the insurance coverage needs defined in this Area 7.



Constraint of Obligation. OWNER UNDERSTANDS AND AGREES THAT THE INSURANCE COVERAGE ARE OWNER'S SOLE SOLUTION AGAINST LESSEE FOR ANY AS WELL AS ALL LOSS OR DAMAGE TO THE AIRCRAFT AND/OR INJURY OR DEATH OF ANY GUEST AND/OR FOR ANY AND ALSO ALL ASSERTS, PROBLEMS, LOSSES, EXPENSES AS WELL AS OBLIGATIONS INCLUDING, BUT NOT LIMITED TO, DIRECT OR INDIRECT LOSS OR DAMAGES TO THE AIRPLANE, DECREASE IN WORTH OF THE AIRCRAFT, LOSS OF REVENUE, REVENUES, REVENUES OR ORGANIZATION OPPORTUNITIES OR SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF THIS AGREEMENT OR BY ANY MEANS GOT IN TOUCH WITH THE AIRCRAFT UNDER THIS CONTRACT, WHETHER ON THE GROUND OR AIRBORNE, AND ALSO THE OTHER PURCHASES CONSIDERED HEREBY, UNLESS SUCH DECLARES, DAMAGES, LOSSES, EXPENSES OR OBLIGATIONS 5 ARE SOLELY THE RESULT OF LESSEE'S GROSS CARELESSNESS OR WILLFUL MISBEHAVIOR OR OWNER'S FAILING TO PRESERVE THE INSURANCE COVERAGE REQUIRED HEREUNDER.

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This Section 8 will survive any type of discontinuation of this Contract. (a) Topic to Area 8, Lessee will bear the danger of loss, damages or devastation of the Aircraft from the time of distribution till the Aircraft is returned to Lessor pursuant to this Contract.



An Event of Loss relative to any engine or APU will not, without loss of the airframe, be deemed an Event of Loss with respect to the Airplane (Cessna Rental). 6 10. Termination. This Contract might be terminated: (i) quickly upon the mutual authorization of all celebrations; (ii) by either event promptly upon the discontinuation of Robert Pittman's employment with Lessee for any type of factor; (iii) by the non-breaching celebration if an Event of Default has happened and also the breaching celebration has actually not treated within the suitable remedy duration (if any type of) offered in Section 14 of this Agreement; (iv) automatically upon receipt by Lessor of the Casualty Value complying with an Event of Loss; or (v) either celebration adhering to a decision by a mutually acceptable Dassault-authorized service center that the Airplane is harmed to the extent that it is unlikely that it can be made operative within sixty (60) days.

11. Representations, Guarantees as well as Agreements. Lessee as well as Lessor each stand for, warrant and also agree as follows: (a) Due Organization. It is properly organized and validly existing under the legislations of the jurisdiction of its organization and also will certainly stay properly organized as well as existing in great standing and is duly qualified to do organization any place advice necessary to execute its responsibilities under this Contract.

Title; No Liens; Quiet Enjoyment (Cessna Rental). (a) Title to the Airplane will stay vested in Owner throughout the Term and also the Airplane will be registered a fantastic read at the FAA for Lessor. Lessee will have no right, title or rate of interest in or to the Aircraft except as specifically offered here and shall take no activity or stop working to take any action moderately asked for by Lessor that would impair the ongoing registration of the Airplane at the FAA in the name of Owner.

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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. 6 10. Termination. This Contract may be ended: (i) when the common permission of all celebrations; (ii) by either party promptly upon the termination of Robert Pittman's work with Lessee for any type of factor; (iii) by the non-breaching event if an Event of Default has occurred and also the breaching event has actually not healed within the applicable remedy duration (if any kind of) attended to in Area 14 Read Full Article of this Agreement; (iv) instantly upon receipt by Lessor of the Casualty Worth following an Event of Loss; or (v) either party complying with a decision by an equally acceptable Dassault-authorized service center that the Aircraft is damaged to the extent that it is unlikely that it can be made operative within sixty (60) days.


Depictions, Service Warranties and also Arrangements. It is duly organized and validly existing under the regulations of the jurisdiction of its organization and also will certainly continue to be appropriately arranged and existing in excellent standing and also is duly certified to do company anywhere essential to perform its obligations under this Contract.

Title; No Liens; Peaceful Pleasure. (a) Title to the Airplane will stay vested in Owner throughout the Term and the Aircraft shall be signed up at the FAA in the name of Lessor. Lessee shall have no right, title or passion in or to the Aircraft other than as expressly supplied herein as well as will take no activity or fail to take any kind of action moderately requested by Lessor that would harm the ongoing enrollment of the Airplane at the FAA for Owner.

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