Common use of Leased Aircraft Clause in Contracts

Leased Aircraft. Leased Aircraft means an aircraft not owned by the Policyholder, which is subject to a written lease agreement between the Policyholder and the lessor. The Policyholder uses the aircraft as it wishes for the term of the written lease agreement. The Policyholder cannot alter or sell the aircraft without the consent of the lessor. Leased Aircraft does not include aircraft which are chartered for single trips. BTA5730 (Ed. 7/06) Loss Loss means Accidental: Loss of Foot Loss of Hand Loss of Hearing Loss of Life Loss of Sight Loss of Sight of One Eye Quadriplegia Paraplegia Hemiplegia Loss of Speech Uniplegia Loss of Thumb and Index Finger Loss must occur within one (1) year after the Accident. BTA5732