Hull. Lessor, at no cost or expense to Lessee, shall maintain, or cause to be maintained, all risks aircraft hull insurance in the amount of Sixteen Million United States Dollars (US$16,000,000.00), and such insurance shall name Lessor and any first lien mortgage holder as loss payees as their interests may appear.
Appears in 2 contracts
Sources: Non Exclusive Aircraft Lease Agreement, Non Exclusive Aircraft Lease Agreement (AAC Holdings, Inc.)
Hull. Lessor, at no cost or expense to Lessee, shall maintain, or cause to be maintained, entirely at Lessee’s cost and expense, all risks aircraft hull insurance in the amount of Sixteen Four Million Eight Hundred Thousand Dollars United States Dollars (US$16,000,000.004,800,000), and such insurance shall name Lessor and any first lien mortgage holder as loss payees as their interests may appear., a copy of the current insurance certificate being attached hereto on Schedule D.
Appears in 1 contract
Sources: Exclusive Aircraft Lease Agreement (Campus Crest Communities, Inc.)