AIRCRAFT HULL ALL RISKS Sample Clauses
The "Aircraft Hull All Risks" clause provides comprehensive insurance coverage for physical loss or damage to an aircraft, regardless of the cause, except for specifically excluded risks. This clause typically applies to incidents such as accidents, ground damage, fire, theft, or weather-related events affecting the aircraft's structure or systems. Its core function is to ensure that the aircraft owner or operator is financially protected against a wide range of potential hazards, thereby minimizing the risk of significant financial loss due to unforeseen events.
AIRCRAFT HULL ALL RISKS. COVERING: DEDUCTIBLES: GEOGRAPHICAL COVERAGE: COVERING: GEOGRAPHICAL LIMITS:
AIRCRAFT HULL ALL RISKS. COVERING: All risks of physical loss or damage to the Aircraft from any cause (subject only to the exclusions as specified below), for an Agreed Value of Aircraft in the amount of US$ [list amount calculated in accordance with Article ] ***** each and every loss (or such lesser amount as applicable to the rest of LESSEE’s fleet). Not applicable to Total Loss/Constructive Total Loss or Arranged Total Loss ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission. 120 EXHIBIT GEOGRAPHICAL COVERAGE: Worldwide COVERING: Aircraft Third Party, Passenger, Baggage, Cargo and Mail Liability and Airline General Third Party Liability (including Premises, Hangarkeepers, Products Liability and Contractual Liability) for combined single limit of not less than ***** (or such higher amount as LESSEE may carry on any other aircraft in its fleet) any one accident/occurrence (but in the aggregate in relation to Products Liability), extended to cover LESSEE’S liability under the Lease to the extent of the risks covered by the policy including war and allied perils under Extended Coverage Endorsement as per AVN 52E (however, the total War and Allied Perils Liability Coverage including Third Party War Risks must be the same amount as the combined single limit by the purchase of Excess Third Party War Risks insurance subject only to exclusions as specified below, unless otherwise agreed by LESSOR in writing GEOGRAPHICAL LIMITS: Worldwide