Common use of Insurance Validity Clause in Contracts

Insurance Validity. In the event that any insurance on the Aircraft which is required by this Article 5 is invalidated for any reason, the Aircraft shall not be operated until such time as all such insurance is again valid and in full force and effect.

Appears in 3 contracts

Samples: Aircraft Management Agreement, Aircraft Management Agreement (Kraft Foods Inc), Aircraft Management Agreement (Kraft Foods Inc)

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Insurance Validity. In the event that any insurance on the Aircraft which is required by this Article 5 V is invalidated for any reason, the Aircraft shall not be operated until such time as all such insurance is again valid and in full force and effect.

Appears in 2 contracts

Samples: Aircraft Lease and Management Agreement (Mammoth Energy Services, Inc.), Aircraft Lease and Management Agreement (Mammoth Energy Services, Inc.)

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