Licensed Launch Activities Clause Samples

Licensed Launch Activities. 15.2.1 Third Party Liability Insurance (Licensed Launch Activities) 15.2.1.1 Sea Launch shall obtain and maintain in effect a policy of liability insurance that protects Inmarsat and its Related Third Parties against claims by a Third Party for bodily injury or property damage resulting from Licensed Launch Activities performed under this Contract. Such insurance shall be in the amounts of US $100,000,000, before Launch and US $300,000,000 after Launch, or such other amounts determined by the AST. 15.2.1.2 Such insurance shall remain in effect from commencement of Licensed Launch Activities until one year after Launch. 15.2.1.3 The Third Party liability insurance obtained pursuant to this Article shall not cover loss of or damage to the Spacecraft even if the claim is brought by a Third Party or Related Third Party. 15.2.2 Indemnification by the United States Government (Licensed Launch Activities). 15.2.2.1 Subject to the conditions of the Commercial Space Launch Act (49 U.S.C. §§ 70101-70121), the United States Government shall pay claims by a Third Party against Sea Launch, Inmarsat or their Related Third Parties for bodily injury or property damage resulting from Licensed Launch Activities, but only to the extent that the aggregate of such claims arising out of any particular Launch is (i) in excess of the amount of insurance required by the AST under paragraph 15.2.1.1 above and (ii) not in excess of $1,500,000,000 (plus any additional sums necessary to reflect inflation occurring after January 1, 1989). 15.2.2.2 Upon expiration of the insurance policy prescribed under paragraph 15. 2.1.1 above, the United States Government shall, subject to the conditions of the Commercial Space Launch Act, provide for payment of claims by a Third Party against Sea Launch, Inmarsat or their Related Third Parties for bodily injury or property damage resulting from Licensed Launch Activities from the first dollar of loss up to $1,500,000,000 (plus any additional sums necessary to reflect inflation occurring after January 1, 1989). 15.2.2.3 Sea Launch makes no representation nor provides any warranty that payment of claims by the United States Government will be made pursuant to the Commercial Space Launch Act or otherwise. The sole obligation of Sea Launch is to make a good faith best effort to obtain such payment from the United States Government.