Hull Sample Clauses
The Hull clause defines the scope of insurance coverage for the physical structure of a vessel, including its machinery and equipment. In practice, this clause specifies what parts of the ship are insured against risks such as damage from collisions, grounding, or other maritime perils, and may outline exclusions or deductibles. Its core function is to ensure that the shipowner is financially protected against loss or damage to the vessel itself, thereby allocating risk and providing clarity on the extent of coverage.
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Hull. Time Share Lessor shall maintain, or cause to be maintained, all risks aircraft hull insurance for each Aircraft in amounts determined from time to time by agreement of Time Share Lessor and the provider of the insurance, and such insurance shall name Time Share Lessor and any first lien security interest holder as loss payees as their interests may appear.
Hull. Lessor shall maintain aircraft hull insurance in the amount of twenty six million United States Dollars (US$26,000,000) which the parties agree shall be deemed to be the full replacement value of the Aircraft, and such insurance shall name Lessor and any first lien mortgage holder as loss payees as their interests may appear. Said policy shall contain a waiver of subrogation clause in favor of all Additional Insureds.
Hull. The Company shall maintain, or cause to be maintained, all risks aircraft hull insurance for each Aircraft in amounts determined from time to time by agreement of Company and the provider of the insurance.
Hull. The term "
Hull. Owners shall maintain all risks aircraft hull insurance in the amount not less than the Fair Market Value of the Aircraft, and such insurance shall name each Owner as Named Insureds and as loss payees as their interests may appear.
Hull. Lessor, at no cost or expense to Lessee, shall maintain, or cause to be maintained, all risks aircraft hull insurance in the amount of Sixteen Million United States Dollars (US$16,000,000.00), and such insurance shall name Lessor and any first lien mortgage holder as loss payees as their interests may appear.
Hull. Time Share Lessor shall maintain, or cause to be maintained, all risks aircraft hull insurance in an amount of Fourteen Million United States Dollars (US $14,000,000), and such insurance shall name Time Share Lessor and any first lien security interest holder as loss payees as their interests may appear.
Hull. Lessor shall maintain aircraft hull insurance in the amount at least equal to the full replacement value of the Aircraft, and such insurance shall name Lessor and any first lien mortgage holder as loss payees as their interests may appear. Said policy shall contain a waiver of subrogation clause in favor of all Additional Named Insureds.
Hull. Lessor shall maintain, or cause to be maintained, all risks aircraft hull insurance in the amount of Eight Million Five Hundred Thousand United States Dollars (US$8,500,000), and such insurance shall name Lessor and any first lien mortgage holder as loss payees as their interests may appear.
Hull. All tanks, watertight bulkheads, and watertight hatches and doors shall be tested in accordance with the IACS Classification Society Rules selected per Contract Section C.