Launch Risk Guarantee. GLLC shall have the possibility to purchase a Soyuz Launch Risk Guarantee (LRG) Option, for any Launch Services performed under this Agreement. If this option is exercised, in the event of a Launch Failure, STARSEM shall provide a Reflight as described below. The option shall be exercised before L*- 5 months and exact terms of the policy shall be settled at that time.
Appears in 2 contracts
Sources: Launch Services Agreement (Globalstar, Inc.), Launch Services Agreement (Globalstar, Inc.)