Common use of Minimum Insurance Coverages Clause in Contracts

Minimum Insurance Coverages. During the Term, in addition to any insurance required to be maintained by Contractor pursuant to the terms of any aircraft lease, or by any applicable governmental or airport authority, Contractor shall maintain, or cause to be maintained, in full force and effect policies of insurance with insurers of recognized reputation and responsibility, in each case to the extent available on a commercially reasonable basis, as follows: (a) Comprehensive aircraft hull and liability insurance, including aircraft third party, passenger liability (including passengers’ baggage and personal effects), cargo and mail legal liability, personal injury and all-risk ground and flight physical damage, with a combined single limit of not less than $[***] per occurrence and a minimum limit in respect of personal injury for non-passengers of $[***] per occurrence and in the aggregate, and hull and liability war risk and other perils insurance with a combined single limit no less than $[***] per occurrence and in the aggregate; provided that with respect to war risk insurance acquired from the United States government, the commercial general liability coverage (crew and passengers) of such policy may have such lower combined single limit as is the maximum limit issued by the government from time to time; (b) Workers’ compensation at statutory limits and employer’s liability with a limit of not less than $[***]; (c) Automobile liability covering all owned, non-owned, leased and hired automobiles, trucks and trailers in an amount not less than $[***] combined single limit per occurrence; and (d) All risk property insurance at replacement cost, including flood, and earthquake if located in an earthquake zone, and placed with commercially reasonable deductibles not to exceed [***]% of the insured values. United shall be named as a loss payee, as their interests may appear. United shall retain the right at any time to review the coverage, form, and amount of the insurance required hereby. If, in the opinion of United, the insurance provisions in this Agreement do not provide adequate protection for United and/or the aviation operations of Contractor associated with the Covered Aircraft, United may require Contractor to obtain insurance sufficient in coverage, form, and amount to provide adequate protection. United’s requirement shall be commercially reasonable but shall be designed to assure protection from and against the kind and extent of risk which exists at the time a change in insurance is required (provided such protection is available on commercially reasonable terms), and Contractor agrees to provide same within thirty (30) days of receiving notice from United.

Appears in 2 contracts

Samples: Capacity Purchase Agreement (Mesa Air Group Inc), Capacity Purchase Agreement (Mesa Air Group Inc)

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Minimum Insurance Coverages. During the Term, in addition to any insurance required to be maintained by Contractor pursuant to the terms of any aircraft lease, or by any applicable governmental or airport authority, Contractor shall maintain, or cause to be maintained, in full force and effect policies of insurance with insurers of recognized reputation and responsibility, in each case to the extent available on a commercially reasonable basis, as follows: (a) Comprehensive aircraft hull and liability insurance, including aircraft third party, passenger liability (including passengers’ baggage and personal effects), cargo and mail legal liability, personal injury and all-risk ground and flight physical damage, with a combined single limit of not less than $[***] per occurrence and a minimum limit in respect of personal injury for non-passengers of $[***] per occurrence and in the aggregate, and hull and liability war risk and other perils insurance with a combined single limit no less than $[***] per occurrence and in the aggregate; provided that with respect to war risk insurance acquired from the United States government, the commercial general liability coverage (crew and passengers) of such policy may have such lower combined single limit as is the maximum limit issued by the government from time to time; (b) Workers’ compensation at statutory limits and employer’s liability with a limit of not less than $[***]; (c) Automobile liability covering all owned, non-owned, leased and hired automobiles, trucks and trailers in an amount not less than $[***] combined single limit per occurrence; and (d) All risk property insurance at replacement cost, including flood, and earthquake if located in an earthquake zone, and placed with commercially reasonable deductibles not to exceed [***]% ] of the insured values. United shall be named as a loss payee, as their interests may appear. United shall retain the right at any time to review the coverage, form, and amount of the insurance required hereby. If, in the opinion of United, the insurance provisions in this Agreement do not provide adequate protection for United and/or the aviation operations of Contractor associated with the Covered Aircraft, United may require Contractor to obtain insurance sufficient in coverage, form, and amount to provide adequate protection. United’s requirement shall be commercially reasonable but shall be designed to assure protection from and against the kind and extent of risk which exists at the time a change in insurance is required (provided such protection is available on commercially reasonable terms), and Contractor agrees to provide same within thirty (30) days of receiving notice from United.

Appears in 2 contracts

Samples: Capacity Purchase Agreement (Mesa Air Group Inc), Capacity Purchase Agreement (Mesa Air Group Inc)

Minimum Insurance Coverages. During the TermTerm of Agreement, in addition to any insurance required to be maintained by Contractor pursuant to the terms of any aircraft lease, or by any applicable governmental or airport authority, Contractor shall maintain, or cause to be maintained, in full force and effect policies of insurance with insurers of recognized reputation and responsibility, in each case to the extent available on a commercially reasonable basis, as follows: (a) Comprehensive aircraft hull and liability insurance, including aircraft third party, passenger liability (including passengers’ baggage and personal effects), cargo and mail legal liability, personal injury and all-risk ground and flight physical damage, with a combined single limit of not less than $the greater of (i) [***] per occurrence and (ii) the highest single limit per occurrence of any aircraft hull and liability insurance maintained by Contractor under any other capacity purchase arrangement, and a minimum limit in respect of personal injury for non-passengers (per clause AVN 60 or its equivalent) of $[***] per occurrence and in the aggregate, and war risk hull and liability war risk and other perils insurance as provided by the FAA program or by commercial providers of such insurance with a combined single limit no less than $the greater of (i) [***] per occurrence and in (ii) the aggregate; provided that with respect to highest single limit per occurrence of any war risk hull and liability insurance acquired from the United States government, the commercial general liability coverage (crew and passengers) of such policy may have such lower combined single limit as is the maximum limit issued maintained by the government from time to timeContractor under any other capacity purchase arrangement; (b) Workers’ compensation at statutory limits as required by the appropriate jurisdiction and employer’s liability with a limit of not less than $[***]; (c) Automobile liability covering all owned, non-owned, leased and hired automobiles, trucks and trailers in an amount not less than $[***] combined single limit per occurrencelimit; and (dc) All risk Other property and liability insurance at replacement cost, including flood, and earthquake if located in an earthquake zone, and placed with commercially reasonable deductibles not to exceed [***]% coverages of the insured values. United shall types and in the amounts that would be named as considered reasonably prudent for a loss payeebusiness organization of Contractor’s size and nature, as their interests may appear. United shall retain the right at any time to review the coverage, form, and amount of under the insurance required hereby. If, market conditions in the opinion of United, the insurance provisions in this Agreement do not provide adequate protection for United and/or the aviation operations of Contractor associated with the Covered Aircraft, United may require Contractor to obtain insurance sufficient in coverage, form, and amount to provide adequate protection. United’s requirement shall be commercially reasonable but shall be designed to assure protection from and against the kind and extent of risk which exists effect at the time of placement. All coverages described in this Section 6.01 shall be placed with deductibles reasonably prudent for a change business organization of Contractor’s size and nature, under the insurance market conditions in insurance is required (provided such protection is available on commercially reasonable terms), and Contractor agrees to provide same within thirty (30) days effect at the time of receiving notice from Unitedplacement.

Appears in 1 contract

Samples: Capacity Purchase Agreement (Harbor Diversified, Inc.)

Minimum Insurance Coverages. During the Term, in addition to any insurance required to be maintained by Contractor pursuant to the terms of any aircraft leaselease (including any Covered Aircraft Sublease or Storage Sublease), or by any applicable governmental or airport authority, Contractor shall maintain, or cause to be maintained, in full force and effect policies of insurance with insurers of recognized reputation and responsibility, in each case to the extent available on a commercially reasonable basis, as follows: (a) Comprehensive aircraft hull and liability insurance, including aircraft third party, passenger liability (including passengers’ baggage and personal effects), cargo and mail legal liability, personal injury and all-risk ground and flight physical damage, with a combined single limit of not less than the greater of (i) $[***] * million per occurrence and (ii) the highest single limit per occurrence of any aircraft hull and liability insurance maintained by Contractor under any other Capacity Purchase Arrangement, and a minimum limit in respect of personal injury for non-passengers (per clause AVN 60 or its equivalent) of $[***] * million per occurrence and in the aggregate, and war risk hull and liability war risk and other perils insurance as provided by the FAA program or by commercial providers of such insurance with a combined single limit no less than the greater of (i) $[***] * million per occurrence and in (ii) the aggregate; provided that with respect to highest single limit per occurrence of any war risk hull and liability insurance acquired from the United States government, the commercial general liability coverage (crew and passengers) of such policy may have such lower combined single limit as is the maximum limit issued maintained by the government from time to timeContractor under any other Capacity Purchase Arrangement; (b) Workers’ compensation at statutory limits as required by the appropriate jurisdiction and employer’s liability with a limit of not less than $[***];1 million combined single limit; and (c) Automobile Other property and liability covering all owned, non-owned, leased and hired automobiles, trucks and trailers in an amount not less than $[***] combined single limit per occurrence; and (d) All risk property insurance at replacement cost, including flood, and earthquake if located in an earthquake zone, and placed with commercially reasonable deductibles not to exceed [***]% coverages of the insured values. United shall types and in the amounts that would be named as considered reasonably prudent for a loss payeebusiness organization of Contractor’s size and nature, as their interests may appear. United shall retain the right at any time to review the coverage, form, and amount of under the insurance required hereby. If, market conditions in the opinion of United, the insurance provisions in this Agreement do not provide adequate protection for United and/or the aviation operations of Contractor associated with the Covered Aircraft, United may require Contractor to obtain insurance sufficient in coverage, form, and amount to provide adequate protection. United’s requirement shall be commercially reasonable but shall be designed to assure protection from and against the kind and extent of risk which exists effect at the time of placement. All coverages described in this Section 6.01 shall be placed with deductibles reasonably prudent for a change business organization of Contractor’s size and nature, under the insurance market conditions in insurance is required (provided such protection is available on commercially reasonable terms), and Contractor agrees to provide same within thirty (30) days effect at the time of receiving notice from Unitedplacement.

Appears in 1 contract

Samples: Capacity Purchase Agreement (Skywest Inc)

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Minimum Insurance Coverages. During the Term, in addition to any insurance required to be maintained by Contractor pursuant to the terms of any aircraft leaselease (including any Covered Aircraft Sublease or Storage Sublease), or by any applicable governmental or airport authority, Contractor shall maintain, or cause to be maintained, in full force and effect policies of insurance with insurers of recognized reputation and responsibility, in each case to the extent available on a commercially reasonable basis, as follows: (a) Comprehensive aircraft hull and liability insurance, including aircraft third party, passenger liability (including passengers’ baggage and personal effects), cargo and mail legal liability, personal injury and all-risk ground and flight physical damage, with a combined single limit of not less than the greater of (i) $[***] * million per occurrence and (ii) the highest single limit per occurrence of any aircraft hull and liability insurance maintained by Contractor under any other Capacity Purchase Arrangement, and a minimum limit in respect of personal injury for non-passengers (per clause AVN 60 or its equivalent) of $[***] * million per occurrence and in the aggregate, and war risk hull and liability war risk and other perils insurance as provided by the FAA program or by commercial providers of such insurance with a combined single limit no less than the greater of (i) $[***] * million per occurrence and in (ii) the aggregatehighest single limit per occurrence of any war risk hull and liability insurance maintained by Contractor under any other Capacity Purchase Arrangement; provided that with respect the parties agree to war risk insurance acquired from increase or decrease the United States government, the commercial general liability coverage foregoing limit set forth in clause (crew and passengersi) of such policy may have such lower combined single limit as is the maximum limit issued by the government above from time to timetime as necessary to match market conditions; (b) Workers’ compensation at statutory limits as required by the appropriate jurisdiction and employer’s liability with a limit of not less than $[***];* million combined single limit; and (c) Automobile Other property and liability covering all owned, non-owned, leased and hired automobiles, trucks and trailers in an amount not less than $[***] combined single limit per occurrence; and (d) All risk property insurance at replacement cost, including flood, and earthquake if located in an earthquake zone, and placed with commercially reasonable deductibles not to exceed [***]% coverages of the insured values. United shall types and in the amounts that would be named as considered reasonably prudent for a loss payeebusiness organization of Contractor’s size and nature, as their interests may appear. United shall retain the right at any time to review the coverage, form, and amount of under the insurance required hereby. If, market conditions in the opinion of United, the insurance provisions in this Agreement do not provide adequate protection for United and/or the aviation operations of Contractor associated with the Covered Aircraft, United may require Contractor to obtain insurance sufficient in coverage, form, and amount to provide adequate protection. United’s requirement shall be commercially reasonable but shall be designed to assure protection from and against the kind and extent of risk which exists effect at the time a change of placement. All coverages described in insurance is required (provided such protection is available on commercially reasonable terms), and Contractor agrees to provide same within thirty (30) days of receiving notice from United.this Section 6.01 shall be placed with deductibles reasonably prudent for

Appears in 1 contract

Samples: Capacity Purchase Agreement (Skywest Inc)

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