Common use of Public Liability and Property Damage Insurance Clause in Contracts

Public Liability and Property Damage Insurance. (1) Except as provided in clause (2) of this Section 11(a), and subject to self-insurance to the extent permitted by Section 11(d), Lessee will carry or cause to be carried with respect to the Aircraft at its or any Sublessee's expense (i) comprehensive airline liability (including, without limitation, passenger, contractual, bodily injury, products and property damage liability) insurance (exclusive of manufacturer's product liability insurance) and (ii) cargo liability insurance, (A) in an amount not less than the greater of (x) the amounts of comprehensive airline liability insurance from time to time applicable to aircraft owned or leased, and operated by Lessee (or, if a Sublease is then in effect, by Sublessee) of the same type as the Aircraft and (y) $500 million per occurrence, (B) of the type and covering the same risks as from time to time applicable to aircraft owned or leased and operated by Lessee of the same type as the Aircraft and such coverage shall be in substantially similar form as is customarily obtained by similarly situated U.S. Air Carriers operating similar aircraft to the Aircraft on similar routes, and (C) which is maintained in effect with insurers of nationally or internationally recognized reputation and responsibility; provided, however, that Lessee need not maintain such cargo liability insurance, or may maintain such cargo liability insurance in an amount less than $500 million per occurrence, so long as the amount of cargo liability insurance, if any, maintained with respect to the Aircraft is not less than the cargo liability insurance, if any, maintained for other Airbus Model A[-] aircraft owned or leased and operated by Lessee.

Appears in 3 contracts

Samples: Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc), Lease Agreement (Us Airways Inc)

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Public Liability and Property Damage Insurance. (1) Except as ---------------------------------------------- provided in clause (2) of this Section 11(a4.03(a), and subject to self-insurance to the extent permitted by Section 11(d)4.03(d) hereof, Lessee Owner will carry or cause to be carried with respect to the Aircraft at its or any SublesseePermitted Lessee's expense (i) comprehensive airline liability (including, without limitation, passenger, contractual, bodily injury, products and property damage liability) insurance (exclusive of manufacturer's product liability insurance and including, without limitation, aircraft war risk and hijacking insurance, if and to the extent the same is maintained by Owner (or Permitted Lessee) with respect to other aircraft owned or leased, and operated by Owner (or Permitted Lessee) on the same routes) and (ii) cargo liability insurance, (A) in an amount not less than the greater of (x) the amounts of comprehensive airline liability insurance from time to time applicable to aircraft owned or leased, leased and operated by Lessee (or, if a Sublease is then in effect, by Sublessee) Owner of the same type as the Aircraft and (y) $500 million per occurrencethe Minimum Liability Insurance Amount, (B) of the type and covering the same risks as from time to time are applicable to aircraft owned or leased and operated by Lessee Owner of the same type as the Aircraft and such coverage shall be in substantially similar form as is customarily obtained by similarly situated U.S. Air Carriers operating similar aircraft to the Aircraft on similar routesAircraft, and (C) which is maintained in effect with insurers of nationally or internationally recognized reputation and responsibility; provided, however, that Lessee Owner need not maintain such cargo liability insurance, or may maintain such cargo liability insurance in an amount less than $500 million per occurrencethe Minimum Liability Insurance Amount, so as long as the amount of cargo liability insurance, if any, maintained with respect to the Aircraft is not less than the same as the cargo liability insurance, if any, maintained for other Airbus Model A[-[__________] aircraft owned or leased leased, and operated by LesseeOwner.

Appears in 1 contract

Samples: Trust Indenture and Mortgage (United Air Lines Inc)

Public Liability and Property Damage Insurance. (1) Except as ---------------------------------------------- provided in clause (2) of this Section 11(a4.03(a), and subject to self-insurance to the extent permitted by Section 11(d)4.03(d) hereof, Lessee Owner will carry or cause to be carried with respect to the Aircraft at its or any SublesseePermitted Lessee's expense (i) comprehensive airline liability (including, without limitation, passenger, contractual, bodily injury, products and property damage liability) insurance (exclusive of manufacturer's product liability insurance and including, without limitation, aircraft war risk and hijacking insurance, if and to the extent the same is maintained by Owner (or Permitted Lessee) with respect to other aircraft owned or leased, and operated by Owner (or Permitted Lessee) on the same routes) and (ii) cargo liability insurance, (A) in an amount not less than the greater of (x) the amounts of comprehensive airline liability insurance from time to time applicable to aircraft owned or leased, leased and operated by Lessee (or, if a Sublease is then in effect, by Sublessee) Owner of the same type as the Aircraft and (y) $500 million per occurrencethe Minimum Liability Insurance Amount, (B) of the type and covering the same risks as from time to time are applicable to aircraft owned or leased and operated by Lessee Owner of the same type as the Aircraft and such coverage shall be in substantially similar form as is customarily obtained by similarly situated U.S. Air Carriers operating similar aircraft to the Aircraft on similar routesAircraft, and (C) which is maintained in effect with insurers of nationally or internationally recognized reputation and responsibility; provided, however, that Lessee Owner need not maintain such cargo liability insurance, or may maintain such cargo liability insurance in an amount less than $500 million per occurrencethe Minimum Liability Insurance Amount, so as long as the amount of cargo liability insurance, if any, maintained with respect to the Aircraft is not less than the same as the cargo liability insurance, if any, maintained for other Airbus Boeing Model A[-] 747-422 aircraft owned or leased leased, and operated by LesseeOwner.

Appears in 1 contract

Samples: Trust Indenture and Mortgage (United Air Lines Inc)

Public Liability and Property Damage Insurance. (1) Except as provided in clause (2) of this Section 11(asubsection (a), and subject to self-insurance to the extent permitted by Section 11(d), Lessee will carry or cause to be carried with respect to the Aircraft at its or any Sublessee's expense (i) comprehensive airline liability (including, without limitation, passenger, contractual, bodily injury, products injury and property damage liability) insurance (exclusive of manufacturer's product liability insurance) and (ii) cargo liability insurance, (A) in an amount not less than the greater of (x) the amounts of comprehensive airline liability insurance from time to time applicable to aircraft owned or leased, and operated by Lessee (or, if a Sublease is then in effect, by Sublessee) of the same type as the Aircraft and (y) $500 300 million per occurrence, (B) of the type and covering the same risks as from time to time applicable to aircraft owned or leased and operated by Lessee of the same type as the Aircraft and such coverage shall be in substantially similar form as is customarily obtained by similarly situated U.S. Air Carriers operating similar aircraft to the Aircraft on similar routesAircraft, and (C) which is maintained in effect with insurers of nationally or internationally recognized reputation and responsibility; provided, however, that Lessee need not maintain such cargo liability insurance, or may maintain such cargo liability insurance in an amount less than $500 300 million per occurrence, so long as the amount of cargo liability insurance, if any, maintained with respect to the Aircraft is not less than the cargo liability insurance, if any, maintained for other Airbus Model A[-A[321][330] aircraft owned or leased and operated by Lessee.

Appears in 1 contract

Samples: Lease Agreement (Us Airways Inc)

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Public Liability and Property Damage Insurance. (1) Except as provided in clause (2) of this Section 11(a), and subject to self-insurance to the extent permitted by Section 11(d)) hereof, Lessee will carry or cause to be carried with respect to the Aircraft at its or any Sublessee's expense (i) comprehensive airline liability (including, without limitation, passenger, contractual, bodily injury, products and property damage liability) insurance (exclusive of manufacturer's product liability insurance and including, without limitation, aircraft war risk and hijacking insurance, if and to the extent the same is maintained by Lessee (or any Sublessee) with respect to other aircraft owned or leased, and operated, by Lessee (or any Sublessee) on the same routes and (ii) cargo liability insurance, (A) in an amount not less than the greater of (x) the amounts of comprehensive airline liability insurance from time to time applicable to aircraft owned or leased, and operated by Lessee (or, if a Sublease is then in effect, by Sublessee) of the same type as the Aircraft and (y) $500 million 300,000,000 per occurrence, (B) of the type and covering the same risks as from time to time are applicable to aircraft owned or leased leased, and operated by Lessee of the same type as the Aircraft and such coverage shall be in substantially similar form as is customarily obtained by similarly situated U.S. Air Carriers operating similar aircraft to the Aircraft on similar routesAircraft, and (C) which is maintained in effect with insurers of nationally or internationally recognized reputation and responsibility; provided, however, that Lessee need not maintain such cargo liability insurance, or may maintain such cargo liability insurance in an amount less than $500 million 300,000,000 per occurrence, so as long as the amount of cargo liability insurance, if any, maintained with respect to the Aircraft is not less than the cargo liability insurance, if any, maintained for other Airbus Model A[-] aircraft owned or leased and operated by Lessee.same as

Appears in 1 contract

Samples: Lease Agreement (United Air Lines Inc)

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