Common use of Hull Clause in Contracts

Hull. Lessor shall maintain, or cause to be maintained, all risks aircraft hull insurance in the amount of Eight Million Five Hundred Thousand United States Dollars (US$8,500,000), 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 Dry Lease Agreement (Intrepid Potash, Inc.), Non Exclusive Aircraft Dry Lease Agreement (Intrepid Potash, Inc.)