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Insurance policy - Cessna Rental. (a) During the Term, Lessor will create to be supplied and preserved completely force and also impact, at Lessee's sole cost and expenditure, a plan or policies of insurance providing the insurance coverage defined in this Section 7 covering all operations of the Airplane ("Insurance Coverage Policies"). (i) Aircraft responsibility insurance policy covering all operations of the Airplane, which protection shall: (A) include a territory stipulation sufficient to cover all Airplane procedures allowed by this Agreement, with restrictions of not much less than 2 Hundred Million US Dollars (United States $200,000,000) per incident on a combined solitary restriction basis, covering insurance claims for fatality, bodily injury and also home damages, (B) listing Lessor as well as Lessee as named insureds as well as list as additional named insureds each of Lessee's and Owner's affiliates as well as their respective directors, policemans, managers, employees and also representatives and Gama Aeronautics, Inc.; (C) be backed to make sure that it is primary as well as non-contributing to any other insurance coverage that is available to any of the insureds.

(iii) The Insurance coverage will include a recommendation providing that protections under such Insurance coverage will not be invalidated by any act or neglect of anyone, consisting of an additional insured under the plans; given that there is neither consent neither actual understanding by the insured event that such activity would certainly void protection under the plan and also will consist of a waiver of subrogation in support of Lessee and its policemans, supervisors, supervisors, staff members and also agents and Gama Air travel.

All Insurance coverage will provide for a severability of interest/cross liability endorsement, so as to guarantee that the insurance coverage shall operate in all respects as if a separate plan has actually been provided covering each celebration guaranteed, although experts' general restriction of liability will certainly not raise. (c) Promptly following the implementation of this Arrangement and annually after that, Owner will supply Lessee with certificates of insurance and recommendations showing the efficiency (and also revival, as applicable) of such Insurance policy Plans in compliance with the insurance requirements defined in this Area 7.



Constraint of Liability. LESSOR UNDERSTANDS AND CONCURS THAT THE INSURANCE POLICY PLANS ARE OWNER'S SOLE SOLUTION AGAINST LESSEE FOR ANY AS WELL AS ALL LOSS OR DAMAGE TO THE AIRPLANE AND/OR INJURY OR FATALITY OF ANY TRAVELER AND/OR FOR ANY AS WELL AS ALL DECLARES, DAMAGES, LOSSES, EXPENSES AND ALSO OBLIGATIONS INCLUDING, BUT NOT LIMITED TO, DIRECT OR INDIRECT LOSS OR DAMAGE TO THE AIRCRAFT, DIMINUTION IN WORTH OF THE AIRPLANE, LOSS OF REVENUE, REVENUES, EARNINGS OR SERVICE OPPORTUNITIES OR SPECIAL, INCIDENTAL OR CONSEQUENTIAL PROBLEMS ARISING OUT OF THIS CONTRACT OR IN ANY WAY GOT IN TOUCH WITH THE AIRPLANE UNDER THIS AGREEMENT, WHETHER ON THE GROUND OR AIRBORNE, AND ALSO THE VARIOUS OTHER PURCHASES CONSIDERED HEREBY, UNLESS SUCH DECLARES, DAMAGES, LOSSES, EXPENSES OR RESPONSIBILITIES 5 ARE SOLELY THE RESULT OF LESSEE'S GROSS NEGLIGENCE OR WILLFUL TRANSGRESSION OR LESSOR'S FAILING TO KEEP THE INSURANCE COVERAGE REQUIRED HEREUNDER.

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This Area 8 will survive any type of termination of this Arrangement. (a) Topic to Area 8, Lessee will birth the risk of loss, damage or damage of the Aircraft from the time of distribution till the Airplane is returned to Owner pursuant to this Contract.



An Event of Loss with respect to any type of engine or APU will not, without loss of the airframe, be considered an Event of Loss with respect to the Aircraft (Cessna Rental). 6 10. Discontinuation. This Arrangement might be ended: (i) immediately upon the mutual consent of all events; (ii) by either event instantly upon the discontinuation of Robert Pittman's work with Lessee for any type of reason; (iii) by the non-breaching party if an Occasion of Default has actually happened as well as the breaching celebration has not healed within the suitable remedy period (if any) given for in Area 14 of this Contract; about his (iv) immediately upon invoice by Owner of the Casualty Worth following an Occasion of Loss; or (v) either party complying with a decision by a mutually acceptable Dassault-authorized service facility that the Airplane is damaged to the degree that it is improbable that it can be made operative within sixty (60) days.

Depictions, Service Warranties and also Arrangements. It is properly arranged as well as validly existing under the legislations of the jurisdiction of its organization as well as will certainly continue to be properly arranged and also existing in great standing and is appropriately certified to do service anywhere required to perform its obligations under this Arrangement.

Title; No Liens; Quiet Satisfaction (Cessna Rental). (a) Title to the Airplane will remain vested in Lessor throughout the Term and the Aircraft shall be registered at the FAA in the name of Lessor. Lessee will have no right, title or interest in or to the Aircraft other than as specifically given here as well as shall take no action or stop working to take any kind of activity fairly requested by Owner that would impair the ongoing registration of the Aircraft at the FAA for Lessor.

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An Occasion of Loss with regard to any my explanation kind of engine or APU shall not, without loss of the airframe, be considered an Occasion of Loss with regard to the Airplane. This Agreement might be terminated: (i) promptly upon the mutual approval of all events; (ii) by either party quickly upon the discontinuation of Robert Pittman's work with Lessee for any reason; (iii) by the non-breaching celebration if an Occasion of Default has happened and also the breaching event has actually not cured within the appropriate remedy period (if any kind of) provided for in Section 14 of this Contract; (iv) immediately upon invoice by Owner of the Casualty Worth following an Event of Loss; or (v) either party following a decision by a mutually acceptable Dassault-authorized service facility that the Airplane is harmed to the level that it is unlikely that it can be made operative within sixty (60) days.


11. Representations, Warranties and Contracts. Lessee as well as Owner each stand for, require and concur as follows: (a) Due Company. It is properly arranged as well as validly existing basics under the laws of the jurisdiction of its organization as well as will continue to be properly organized and existing in good standing and is duly certified to do organization anywhere required to perform its responsibilities under this Arrangement.

Title; No Liens; Peaceful Enjoyment. (a) Title to the Airplane shall continue to be vested in Lessor during the Term as well as the Aircraft shall be signed up at the FAA in the name of Owner. Lessee will have no right, title or rate of interest in or to the Aircraft except as specifically offered here as well as will take no action or fall short to take any activity reasonably asked for by Lessor that would certainly hinder the ongoing registration of the Airplane at the FAA for Owner.

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