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Insurance - Cessna Rental. (a) During the Term, Lessor will trigger to be offered and maintained in complete pressure as well as effect, at Lessee's single expense and expense, a plan or plans of insurance coverage offering the coverage explained in this Section 7 covering all procedures of the Airplane ("Insurance Plans"). (i) Aircraft obligation insurance coverage covering all procedures of the Airplane, which coverage will: (A) include a region provision sufficient to cover all Aircraft 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 combined solitary limitation basis, covering cases for death, physical injury and also home damage, (B) listing Owner and Lessee as called insureds and also listing as added named insureds each of Lessee's as well as Owner's affiliates and also their respective directors, police officers, supervisors, employees and also agents as well as Gama Aeronautics, Inc.; (C) be backed to make sure that it is primary as well as non-contributing to any other insurance policy that is available to any of the insureds.

(iii) The Insurance coverage shall consist of a recommendation providing that protections under such Insurance coverage will not be invalidated by any type of act or carelessness of anyone, including one more insured under the plans; provided that there is neither permission neither real expertise by the insured celebration that such activity would certainly invalidate insurance coverage under the plan and will consist of a waiver of subrogation in support of Lessee and also its police officers, supervisors, supervisors, workers and also representatives as well as Gama Aeronautics.

All Insurance Plans shall attend to a severability of interest/cross responsibility recommendation, so as to make sure that the insurance coverage shall operate throughout as if a different plan has actually been provided covering each event guaranteed, although experts' general limit of liability will certainly not enhance. (c) Immediately complying with the execution of this Agreement and also every year thereafter, Owner will offer Lessee with certificates of insurance policy and endorsements evidencing the performance (as well as renewal, as relevant) of such Insurance plan in compliance with the insurance coverage requirements specified in this Area 7.



Limitation of Liability. OWNER UNDERSTANDS AND ALSO CONCURS THAT THE INSURANCE PLAN ARE OWNER'S SOLE TREATMENT AGAINST LESSEE FOR ANY AS WELL AS ALL LOSS OR DAMAGES TO THE AIRPLANE AND/OR INJURY OR FATALITY OF ANY TRAVELER 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 ORGANIZATION OPPORTUNITIES OR SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES ARISING OUT OF THIS ARRANGEMENT OR BY ANY MEANS GOT IN TOUCH WITH THE AIRCRAFT UNDER THIS ARRANGEMENT, WHETHER ON THE GROUND OR AIRBORNE, AS WELL AS THE OTHER PURCHASES CONTEMPLATED HEREBY, UNLESS SUCH ASSERTS, PROBLEMS, LOSSES, EXPENDITURES OR OBLIGATIONS 5 website link ARE SOLELY THE OUTCOME OF LESSEE'S GROSS NEGLECT OR WILLFUL MISCONDUCT OR OWNER'S FAILURE TO MAINTAIN THE INSURANCE PLANS REQUIRED HEREUNDER.

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This Area 8 will survive any termination of this Agreement. (a) Subject to Section 8, Lessee shall bear the danger of loss, damages or destruction of the Aircraft from the time of delivery till the Airplane is returned to Lessor pursuant to this Contract.



An Occasion of Loss with regard to any type of engine or APU will not, without loss of the airframe, be deemed an Occasion of Loss with regard to the Airplane. This Contract might be terminated: (i) immediately upon the common permission of all events; (ii) by either celebration quickly upon the termination of Robert Pittman's employment with Lessee for any factor; (iii) by the non-breaching party if an Event of Default has taken place as well as the breaching event has not treated within the applicable remedy period (if any type of) given for in Section 14 of this Contract; (iv) instantly upon receipt by Lessor of the Casualty Worth complying with an Occasion of Loss; or (v) either party complying with a resolution by a mutually agreeable Dassault-authorized service center that the Airplane is harmed to the extent that it is improbable that it can be made operative within sixty (60) days.

11. Depictions, Warranties as well as Contracts. Lessee and also Owner each stand for, necessitate and agree as complies with: (a) Due Company. It is properly arranged and validly existing under the legislations of the jurisdiction of its company and also will certainly continue to be duly organized and also existing in excellent standing and also is properly certified to do organization any place necessary to perform its obligations under this Agreement.

Title; No Liens; Quiet Enjoyment (Cessna Rental). (a) Title to the Airplane will stay vested in Lessor throughout the Term and also the Airplane will 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 provided here as well as shall take no activity or stop working to take any type of activity moderately asked for by Lessor that would certainly hinder the go to website continued enrollment of the Aircraft at the FAA for Lessor.

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An Event of Loss with regard to any type of engine or APU shall not, without loss of the airframe, be regarded an Event of Loss relative to the Airplane. 6 10. Termination. This Contract may be ended: (i) quickly upon the mutual authorization of all celebrations; (ii) by either event promptly upon the termination of Robert Pittman's work with Lessee for any reason; (iii) by the non-breaching event if an Event of Default has actually taken place as well as content the breaching event has not healed within the relevant remedy duration (if any) offered in Area 14 of this Agreement; (iv) immediately upon receipt by Owner of the Casualty Value complying with an Occasion of Loss; or (v) either party complying with a resolution by a mutually acceptable Dassault-authorized solution center that the Aircraft is damaged to the degree that it is unlikely that it can be made operative within sixty (60) days.


11. Representations, Guarantees and also Contracts. Lessee and Lessor each represent, require as well as agree as complies with: (a) Due Organization. It is duly organized and also validly existing under the regulations of the jurisdiction of its organization and will remain properly arranged and existing in good standing and is duly qualified to do business anywhere needed to do its responsibilities under this Contract.

Title; No Liens; Silent Enjoyment. (a) Title to the Aircraft will continue to be vested in Lessor during the Term and also the Airplane shall be signed up at the FAA for Lessor. Lessee shall have no right, title or passion in or to the Aircraft except as specifically offered herein as well as will take no action or fail to take any type of activity reasonably requested by Owner that would certainly harm the ongoing registration of the Airplane at the FAA in the name of Owner.

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