Minimum Liability Coverage definition

Minimum Liability Coverage means the amount specified as such in Appendix B, designating the minimum Combined Single Limit under the airline liability insurance required pursuant to this Agreement.

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Minimum Liability Coverage has the meaning given in the Aircraft Lease Agreement.

Minimum Liability Coverage means [*]

Examples of Minimum Liability Coverage in a sentence

• LESSEE will carry and maintain in effect, at its own expense, with Approved Insurers, public liability insurance (including, without limitation, contractual liability, and passenger legal liability), and property damage insurance with respect to the Aircraft, in amounts per occurrence of not less than the Minimum Liability Coverage, or such greater amounts as LESSEE may carry from time to time on other similar aircraft in its fleet.

• LESSEE will carry and maintain in effect, at its own expense, with Approved Insurers, public liability insurance (including, but not limited to, contractual liability, and passenger legal liability), and property damage liability insurance with respect to the Aircraft, in amounts per occurrence of not less than the Minimum Liability Coverage, or such greater amounts as LESSEE may carry from time to time on other similar aircraft in its fleet.

• Except for the amount of the Agreed Value, the Minimum Liability Coverage and the deductible under ▇▇▇▇▇▇’s hull and war risk insurance policies, Lessor may from time to time stipulate such other requirements for the Insurances as Lessor reasonably considers necessary to ensure that the scope and level of cover is maintained in accordance with the then prevailing industry practice in relation to aircraft of the same type as the Aircraft and in relation to operators of similar standing to Lessee.

• LESSEE will carry third party war liability insurance in an amount at least equal to the Minimum Liability Coverage (and will provide LESSOR with evidence of such coverage).

• War and Allied Risks cover is to be maintained from leading international insurance markets or the government of the U.S. in the scope provided by AVN67B (or other language usual and customary in the international airline industry) as in effect on the date of this Agreement and shall be for an amount not less than the greater of (i) the Minimum Liability Coverage and (ii) the amount carried by Lessee in respect of similar aircraft owned or otherwise operated by Lessee.

More Definitions of Minimum Liability Coverage

Minimum Liability Coverage the amount set forth therefore in Letter Agreement No.

Minimum Liability Coverage means $750,000,000 combined single limit. MORTGAGE has the meaning specified in Clause 14.3.

Minimum Liability Coverage means Three Hundred Fifty Million ($350,000,000.00) Dollars per occurrence.

Minimum Liability Coverage means Three Hundred Fifty Million(US$350,000,000) Dollars per occurrence.

Minimum Liability Coverage means the greater of (x) US$750,000,000 per occurrence and (y) the liability insurance amount otherwise maintained by the Lessee in respect of aircraft in its fleet of the same make and model as the Aircraft. The initial Maintenance Rent Rates applicable to the types of maintenance and equipment set out below (which are subject to adjustment in accordance with the terms of the Transaction Documents, including Schedule 10) are as follows: Airframe 6Y Check US$13,200 per calendar month * Airframe 12Y Check US$6,900 per calendar month * Engine Performance Restoration Shop Visit US$210 per Flight Hour for each Engine (whether used on the Aircraft or another aircraft) and adjusted on each Maintenance Rent Date per the Base Engine Rate definition Engine LLP Replacement Events For each Engine, a per Cycle rate equal to the sum of the following, which is to be calculated by Lessor for each LLP installed in such Engine: (i) the then current Engine Manufacturer’s catalogue list price for the relevant LLP divided by (ii) 95% of the then current Engine Manufacturer’s published total approved life limit in Cycles for the relevant LLP. Landing Gear Overhaul US$4,500 per calendar month* APU Performance Restoration US$45 per APU Hour * Maintenance Rent Rates which are charged based on a fixed amount per calendar month shall be pro-rated for any part of a calendar month (for example, the first and last month of the Lease Term) based on the actual number of days in such calendar month and a 30 day month. If Lessee adopts a materially revised Maintenance Program Lessor, in its reasonable discretion may make and notify Lessee of such adjustments to the Maintenance Rent balance and Maintenance Rent Rates as Lessor determines in its reasonable discretion as necessary to maintain the Maintenance Rent balance and Maintenance Rent Rates at levels which accurately reflect the costs associated with obtaining relevant maintenance services at prevailing industry rates.

Minimum Liability Coverage. As set forth on Schedule A REDELIVERY

Minimum Liability Coverage means U.S.$1,000,000,000.