Common use of INSURANCE and INDEMNIFICATION REQUIREMENTS Clause in Contracts

INSURANCE and INDEMNIFICATION REQUIREMENTS. a. The Lessee shall assume all risks incident to, or in connection with, its operation under this contract; shall be solely responsible for all accidents or injuries to persons or property caused by its operations upon or arising out of the Lessor’s facilities; and shall indemnify, defend, and hold harmless the Fairfield County Commissioners, the Lessor and its employees, authorized agents, and representatives, from any and all claims, suits, losses or damages for injuries to persons or property, of whatsoever kind or nature, arising directly or indirectly out of Lessee’s operations or resulting from any act or omission of the Lessee, its guests, agents, employees, or customers or resulting from any act of customers. The Lessor shall give timely notice to the Lessee of any claim against the Lessor if the Lessor considers such claim to be the liability of the Lessee. Failure to give such notice shall not act to waive the Lessee’s liability hereunder. The Lessee shall have the right to investigate, defend or compromise such claim to the extent of its interest. b. The Lessee at all times during the period of this contract, shall keep its aircraft, operations, and equipment for which it is legally responsible, fully insured to cover liability, property damage and bodily injury. Failure to obtain such insurance shall not operate to waive Lessee’s liability hereunder. Lessee shall obtain and maintain aviation and property damage liability insurance and shall provide the Lessor a valid Certificate of Insurance immediately upon acceptance of agreement. The Lessee shall maintain at least the minimum insurance coverage as listed in Section III of the Fairfield County Airport’s (KLHQ) Minimum Standards for Aeronautical Activities. c. The Certificate of Insurance shall show the Fairfield County Airport Authority, its agents and the Fairfield County Commissioners as additional insurers and loss payees and shall provide the Lessor a thirty (30) day advance notice of any cancellation or changes in Lessee’s coverage or limits. d. Lessee will indemnify, hold harmless, and waive subjugating Insurance requirements, against any loss, liability or damages and from all actions or causes of action for injuries to persons or property arising from or growing out of the use and occupancy of the Leased Premises, or Airport Properties, due to any negligence, act or omission to act of Lessee.

Appears in 2 contracts

Samples: T Hangar Bay Lease Agreement, T Hangar Bay Lease Agreement

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INSURANCE and INDEMNIFICATION REQUIREMENTS. a. The Lessee shall assume all risks incident to, or in connection with, its operation under this contract; shall be solely responsible for all accidents or injuries to persons or property caused by its operations upon or arising out of the Lessor’s facilities; and shall indemnify, defend, and hold harmless the Fairfield County Commissioners, the Lessor and its employees, authorized agents, and representatives, from any and all claims, suits, losses or damages for injuries to persons or property, of whatsoever kind or nature, arising directly or indirectly out of Lessee’s operations or resulting from any act or omission of the Lessee, its guests, agents, employees, or customers or resulting from any act of customers. The Lessor shall give timely notice to the Lessee of any claim against the Lessor if the Lessor considers such claim to be the liability of the Lessee. Failure to give such notice shall not act to waive the Lessee’s liability hereunder. The Lessee shall have the right to investigate, defend or compromise such claim to the extent of its interest. b. The Lessee at all times during the period of this contractlease, and at its cost, shall maintain comprehensive liability insurance, by a company or companies acceptable to Lessor, insuring Lessor and Lessee against claims based upon personal injury or death and damage or destruction of property that arise from the intentional or negligent acts of Lessee, its agents, employees or servants and further, shall keep its aircraft, operations, and equipment for which it is legally responsible, fully insured to cover liability, property damage and bodily injury. Failure to obtain such insurance shall not operate to waive Lessee’s liability hereunder. Lessee shall obtain and maintain aviation and property damage liability insurance and shall provide the Lessor a valid Certificate of Insurance immediately upon acceptance of this agreement. The Lessee minimum required insurance limits shall maintain at least be as follows, provided however, said minimal limits shall be subject to change as determined by Lessor and if increased, written notice will be provided to the minimum insurance coverage as listed in Section III of the Fairfield County Airport’s (KLHQ) Minimum Standards for Aeronautical Activities.Lessee: Property Damage - $1,000,000.00 Bodily Injury Liability - $100,000.00 per person; and $500,000.00 per accident c. The Certificate of Insurance shall show the Fairfield County Airport Authority, its agents and the Fairfield County Commissioners as additional insurers insureds and loss payees and shall provide the Lessor a thirty (30) day advance notice of any cancellation or changes in Lessee’s coverage or limits. d. Lessee will indemnify, hold harmless, and waive subjugating Insurance requirements, against any loss, liability or damages and from all actions or causes of action for injuries to persons or property arising from or growing out of the use and occupancy of the Leased Premises, or Airport Properties, due to any negligence, act or omission to act of Lessee.

Appears in 1 contract

Samples: Lease Agreement

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INSURANCE and INDEMNIFICATION REQUIREMENTS. a. The Lessee shall assume all risks incident to, or in connection with, its operation under this contractLease; shall be solely responsible for all accidents or injuries to persons or property caused by its operations upon or arising out of the Lessor’s facilities; and shall indemnify, defend, and hold harmless the Fairfield County Commissioners, the Lessor and its their respective employees, authorized agents, and representatives, from any and all claims, suits, losses or damages for injuries to persons or property, of whatsoever kind or nature, arising directly or indirectly out of Lessee’s operations or resulting from any act or omission of the Lessee, its guests, agents, employees, or customers or resulting from any act of its customers. The Lessor shall give timely notice to the Lessee of any claim against the Lessor if the Lessor considers such claim to be the liability of the Lessee. Failure to give such notice shall not act to waive the Lessee’s liability hereunder. The Lessee shall have the right to investigate, defend or compromise such claim to the extent of its interest. b. The Lessee at all times during the period of this contractLease, shall keep its aircraft, operations, and equipment for which it is legally responsible, fully insured to cover liability, property damage damage, and bodily injury. Failure to obtain such insurance shall not operate to waive Lessee’s liability hereunder. Lessee shall obtain and maintain aviation and property damage liability insurance and shall provide the Lessor with a valid Certificate of Insurance immediately upon acceptance of agreementLease. The Lessee shall maintain at least the minimum insurance coverage as listed in Section III of the Fairfield County Airport’s (KLHQ) Minimum Standards for Aeronautical Activities. c. The Certificate of Insurance shall show the Fairfield County Airport Authority, its agents and the Fairfield County Commissioners as additional insurers and loss payees and shall provide the Lessor a thirty (30) day advance notice of any cancellation or changes in Lessee’s coverage or limits. d. Lessee will indemnify, hold harmless, and waive subjugating Insurance requirements, against any loss, liability or damages and from all actions or causes of action for injuries to persons or property arising from or growing out of the use and occupancy of the Leased Rented Premises, or Airport Properties, due to any negligence, act or omission to act of Lessee.

Appears in 1 contract

Samples: Lease Agreement

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