Common use of Primary Liability and Property Damage Insurance Clause in Contracts

Primary Liability and Property Damage Insurance. Lessor shall maintain in effect, at its own expense, third party Aircraft liability insurance, passenger legal liability insurance, and property damage liability insurance during the Term in such amounts as are customary for similarly situated aircraft. Each liability policy shall be primary without right of contribution from any other insurance that is carried by Lessee, and expressly shall provide that all the provisions thereof, except the limits of liability, shall operate in the same manner as if there were a separate policy covering each insured.

Appears in 11 contracts

Samples: Aircraft Dry Lease Agreement (Blackstone Inc.), Aircraft Dry Lease Agreement (Blackstone Group Inc), Aircraft Dry Lease Agreement (Blackstone Group Inc)

AutoNDA by SimpleDocs

Primary Liability and Property Damage Insurance. Lessor shall maintain in effect, at its own expense, third party Aircraft liability insurance, passenger legal liability insurance, and property damage liability insurance during the Term in such amounts as are customary for similarly situated aircraft. Each liability policy shall be primary without right of contribution from any other insurance that is carried by LesseeXxxxxx, and expressly shall provide that all the provisions thereof, except the limits of liability, shall operate in the same manner as if there were a separate policy covering each insured.

Appears in 2 contracts

Samples: Aircraft Dry Lease Agreement (Blackstone Inc.), Aircraft Dry Lease Agreement (Blackstone Inc.)

Primary Liability and Property Damage Insurance. Lessor shall maintain in effect, at its own expense, third party Aircraft liability insurance, passenger legal liability insurance, and property damage liability insurance during the Term in such amounts as are customary for similarly situated aircraft. Each liability policy shall be primary without right of contribution from any other insurance that is carried by Lessee, and expressly shall provide that all the provisions thereof, except the limits of liability, shall operate in the same manner as if there were a separate policy covering each insured.

Appears in 2 contracts

Samples: Aircraft Dry Lease Agreement (Blackstone Group L.P.), Master Aircraft Dry Lease Agreement (Blackstone Group L.P.)

Primary Liability and Property Damage Insurance. Lessor shall maintain in effect, at its own expense, third party Aircraft liability insurance, passenger legal liability insurance, and property damage liability insurance during the Term in such amounts as are customary for similarly situated aircraft. Each liability policy shall be primary without right of contribution from any other insurance that is carried by LesseeXxxxxx, and expressly shall provide that all the provisions thereof, except the limits of liability, shall operate in the same manner as if there were a separate policy covering each insured.. 113CS LLC - BLACKSTONE AMENDED & RESTATED DRY LEASE

Appears in 1 contract

Samples: Aircraft Dry Lease Agreement (Blackstone Inc.)

AutoNDA by SimpleDocs

Primary Liability and Property Damage Insurance. Lessor shall maintain in effect, at its own expense, third party Aircraft liability insurance, passenger legal liability insurance, and property damage liability insurance during the Term in such amounts as are customary for similarly situated aircraft. Each liability policy shall be primary without right of contribution from any other insurance that is carried by Lessee, and expressly shall provide that all the provisions thereof, except the limits of liability, shall operate in the same manner as if there were a separate policy covering each insured.. 113CS LLC - BLACKSTONE DRY LEASE - PAGE 3 OF 10

Appears in 1 contract

Samples: Aircraft Dry Lease Agreement (Blackstone Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.