Additional Policy Requirements. Any policies of insurance carried in accordance with this Agreement and any policies taken out in substitution or replacement of any such policies shall: 8.1.1. name Time Share Lessee as an additional insured; 8.1.2. include a severability of interest clause providing that such policy shall operate in the same manner as if there were a separate policy covering each insured; 8.1.3. shall be primary, without right of contribution from any other insurance maintained by Time Share Lessee; and 8.1.4. as respects hull physical damage, waive any right of set off or subrogation against Time Share Lessee.
Appears in 6 contracts
Samples: Aircraft Time Sharing Agreement, Aircraft Time Sharing Agreement (Century Communities, Inc.), Aircraft Time Sharing Agreement (Century Communities, Inc.)
Additional Policy Requirements. Any policies of insurance carried in accordance with this Agreement and any policies taken out in substitution or replacement of any such policies shall:
8.1.1. name Time Share Lessee as an additional insured;
8.1.2. include a severability of interest clause providing that such policy shall operate in the same manner as if there were a separate policy covering each insured;
8.1.3. shall be primary, without right of contribution from any other insurance maintained by Time Share LesseeXxxxxx; and
8.1.4. as respects hull physical damage, waive any right of set off or subrogation against Time Share LesseeXxxxxx.
Appears in 5 contracts
Samples: Aircraft Time Sharing Agreement (Bank of New York Mellon Corp), Aircraft Time Sharing Agreement (Bank of New York Mellon Corp), Aircraft Time Sharing Agreement (Bank of New York Mellon Corp)
