Aircraft Incident definition
Examples of Aircraft Incident in a sentence
In the event of an Aircraft Incident during a Lease Period, Lessee shall immediately report such Aircraft Incident to Lessor, to the insurance company/ies underwriting such risk, and to any and all applicable governmental agencies, and shall furnish such information and execute such documents as may be required and necessary to collect the proceeds from the insurance policies.
No third party beneficiaries are created, other than the rights of the Aircraft owner under Section 12 (pertaining to owner’s rights in the case of an Aircraft Incident causing Aircraft damage).
Notwithstanding the foregoing, Lessee shall pay for repairs of the Aircraft when such repairs are necessary as a result of an Aircraft Incident during Lessee’s possession of the Aircraft or Lessee’s use of the Aircraft, other than ordinary wear and tear, subject to available insurance as provided in Section 8.
In the event an Aircraft Incident causes a diminution in value of the Aircraft, Lessee shall pay to the Aircraft owner the amount of the reduction.
A Flight Attendant requested or required by the Company, NTSB or official government agency, or court of law to be interviewed or questioned regarding an Aircraft Accident or Aircraft Incident investigation shall be released from her/his schedule on the affected days and shall be furnished free transportation by the Company and shall suffer no loss of MPG.