Loss Adjustment. Losses and damages not constituting a Total Loss and not exceeding Five Hundred Thousand Dollars ($500,000) shall be adjusted with Lessee. Insurers shall be authorized and instructed to inform Lessor on any loss adjustment involving claims exceeding Five Hundred Thousand Dollars ($500,000) in the aggregate.
Appears in 2 contracts
Sources: Aircraft Lease Agreement (Republic Airways Holdings Inc), Aircraft Lease Agreement (Republic Airways Holdings Inc)