Hull. Owners shall maintain all risks aircraft hull insurance in the amount not less than the Fair Market Value of the Aircraft, and such insurance shall name each Owner as Named Insureds and as loss payees as their interests may appear.
Appears in 3 contracts
Samples: Joint Ownership Agreement, Joint Ownership Agreement (Utg Inc), Joint Ownership Agreement (Utg Inc)
Hull. Owners Owner shall maintain maintain, or cause to be maintained, all risks aircraft hull insurance in an amount equal to the amount fair market value of the Aircraft, which the parties agree is not less than the Fair Market Value of the Aircraftamount outlined on Exhibit A, and such insurance shall name each Owner as Named Insureds and Owner as loss payees as their interests may appear.
Appears in 2 contracts
Samples: Aircraft Lease Agreement (Western Refining, Inc.), Aircraft Lease Agreement (Western Refining, Inc.)