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HomeMy WebLinkAboutContract 62881CSC No. 62881 FORT WORTH SPINKS AIRPORT AIRCRAFT TIEDOWN LEASE AGREEMENT (Month -to -Month) This Aircraft Tiedown Lease Agreement ("Lease") is made and entered into by and between the CITY OF FORT WORTH ("Lessor"), a home rule municipal corporation organized under the laws of the State of Texas acting by and through Roger Venables, its duly authorized Aviation Systems Director, and the undersigned Sagren Kevin Govender Jr ("Lessee"), an individual, more fully identified in Section "A" of Exhibit "A" ("Aircraft Tiedown Lease Agreement Information"), attached hereto and incorporated herein by reference for all purposes. 1. Lessee hereby agrees to lease the property owned by Lessor and described in Section C of Exhibit "A" ("Premises"). Lessee accepts the Premises in its present condition. Upon the expiration or termination of this Lease, Lessee shall surrender the Premises to Lessor in the same condition, subject to ordinary wear and tear. 2. The term of this Lease shall commence on March 1, 2025 and will automatically renew on the f i r s t day of each subsequent month unless canceled by either party by written notice provided to the other party not less than 30 days prior to the effective date of such cancellation. 3. A. Lessee agrees to pay Lessor the monthly rental set forth in Section D of Exhibit "A". Initial rent payment is due on or before the effective date of this agreement. Thereafter, monthly rental payments are due on or before the first day of each renewal month. B. Rental rates for each Renewal Term shall comply with the rates prescribed for the Premises by Lessor's published Schedule of Rates and Charges in effect at the same time. 4. Lessee may use the Premises only for parking of the aircraft described in Section B of Exhibit "A" and for no other purpose without the prior written consent of the Director of Aviation or authorized representative. 5. Lessee shall maintain the Premises in a good condition and keep the Premises free from trash at all times. Lessee shall not store, dispose of, or allow to stand any fuels, oils, solvents or other hazardous material on the Premises. Lessee shall not conduct or permit any action or activity that constitutes a nuisance, interferes with the use of any airport property by other tenants, or disturbs or endangers the general public in any way. 6. Lessor shall have the right to the Premises at any time in order to inspect or repair the Premises, or to perform repairs or maintenance to other airport property. 7. LESSEE HEREBY ASSUMES ALL LIABILITY AND RESPONSIBILITY FOR PROPERTY LOSS, PROPERTY DAMAGE AND/OR PERSONAL INJURY OF ANY KIND, INCLUDING DEATH, TO ANY AND ALL PERSONS, OF ANY KIND OR CHARACTER, WHETHER REAL OR ASSERTED, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE AIRPORT UNDER THIS LEASE OR WITH THE LEASING, MAINTENANCE, USE, OCCUPANCY, EXISTENCE OR LOCATION OF THE PREMISES, EXCEPT TO THE EXTENT CAUSED BY THE NEGLIGENT ACTS OR OMISSIONS OR INTENTIONAL MISCONDUCT OF LESSOR. Month -to -Month Tiedown Lease Agreement Page 1 of 10 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX LESSEE COVENANTS AND AGREES TO, AND DOES HEREBY, INDEMNIFY, HOLD HARMLESS AND DEFEND LESSOR, ITS OFFICERS, AGENTS, SERVANTS AND EMPLOYEES, FROMAND AGAINST ANYAND ALL CLAIMS OR LAWSUITS FOR EITHER PROPERTYDAMAGE OR LOSS (INCL UDING ALLEGED DAMAGE OR LOSS TO LESSEE'S BUSINESS AND ANY RESULTING LOST PROFITS) AND/OR PERSONAL INJURY, INCL UDING DEATH, TO ANY AND ALL PERSONS, OF ANY KIND OR CHARACTER, WHETHER REAL OR ASS'ERTED, ARISING O UT OF OR IN CONNECTION WITH THE USE OF THE AIRPORT UNDER THIS LEASE OR WITH THE LEASING, MAINTENANCE, USE, OCCUPANCY, EXISTENCE OR LOCATION OF THE PREMISES, EXCEPT TO THE EXTENT CAUSED BYTHENEGLIGENTACTS OR OMISSIONS OR INTENTIONAL MISCONDUCT OF LESSOR. LESSEE ASSUMES ALL RESPONSIBILITYAND AGREES TO PAYLESSOR FOR ANYAND ALL INJURY OR DAMAGE TO LESSOR'S PROPERTY WHICH ARISES OUT OF OR IN CONNECTION WITH ANY AND ALL ACTS OR OMISSIONS OF LESSEE, ITS OFFICERS, AGENTS, EMPLOYEES, CONTRACTORS, SUBCONTRACTORS, LICENSEES, INVITEES, PATRONS OR TRESPASSERS, EXCEPT TO THE EXTENT CAUSED BY THE NEGLIGENT ACTS OR OMISSIONS OR INTENTIONAL MISCONDUCT OFLESSOR. LESSOR DOES NOT GUARANTEE POLICE PROTECTION TO LESSEE OR ITS PROPERTY. LESSOR SHALL NOT BE RESPONSIBLE FOR INJURY TO ANY PERSON ON THE PREMISES OR FOR HARM TO ANY PROPERTY WHICH BELONGS TO LESSEE, ITS OFFICERS, AGENTS, SERVANTS, EMPLOYEES, CONTRACTORS, SUBCONTRACTORS, LICENSEES, INVITEES OR PATRONS, AND WHICH MAY BE STOLEN, DESTROYED OR IN ANY WAY DAMAGED; AND LESSEE HEREBY INDEMNIFIES AND HOLDS HARMLESS LESSOR, ITS OFFICERS, AGENTS, SERVANTS AND EMPLOYEES FROM AND AGAINST ANY AND ALL SUCH CLAIMS, EXCEPT TO THE EXTENT CAIISED BY THE NEGLIGENT ACTS OR OMISSIONS OR INTENTIONAL MISCONDUCT OF LESSOR. 8. Lessee shall procure and maintain at all times, in full force and effect, a policy or policies of insurance as specified herein, naming the City of Fort Worth as an additional insured and covering all public risks related to the leasing, use, occupancy, maintenance, existence or location of the Premises. Lessee shall obtain the required insurance specified to be maintained by a commercial tenant in accordance with Exhibit "B", the "City of Fort Worth Aviation Insurance Requirements" attached hereto and made part of this Lease for all purposes. Out of an abundance of caution and to avoid any doubt, Lessee shall be required to provide the same levels of insurance as required for Box Hangar, T-Hanger, and Community Hangar Leases outlined in E�ibit B. 9. A. The following events shall constitute events of default by Lessee under this Lease: (1) Lessee's failure to pay any installment of rent within 10 days following the date that payment was due; (2) Lessee's failure to comply with any term, provision or covenant of this Lease, other than the payment of rent, within 15 days following receipt of written notice from Lessor to cure such failure; or Month-to-Month Tiedown Lease Agreement Page 2 of 10 (3) Lessee's abandonment or vacation of the Premises. B. Upon the occurrence of any such events of default, Lessor shall have the option to terminate this Lease without further notice to Lessee. Upon termination Lessor shall have the right to take full possession of the Premises, and to remove any party remaining on the Premises without being liable for trespass or for any other reason which may stem from Lessor's termination or assertion of its right to terminate. In the event of termination, Lessee agrees to pay Lessor on demand the amount of all loss or damage that Lessor may suffer by reason of such termination. 10. Lessor shall always have the right to a lien on all aircraft and any other property located on the Premises. Lessee covenants and agrees that it will not remove from the Premises any such aircraft or other property unless Lessee has first paid Lessor all rent and any other sums of money to which Lessor is, at the time, entitled under the terms of this Lease. Upon the occurrence of an event of default by Lessee, Lessor may exercise any remedy a�ailable to it, either herein or by law, including Lessor's right to the demised Premises, take possession of the aircraft and any other property situated on the Premises and, after providing Lessee with five days' (5) written notice, sell the same at public or private sale. In this event, Lessor will apply proceeds from such sale, less any and all expenses incurred by Lessor in the possession or sale of the property, as a credit against any sums due by Lessee to Lessor. Any surplus shall be paid to Lessee, and Lessee agrees to pay any deficiency forthwith. Alternatively, Lessor may foreclose upon its lien on Lessee's aircraft and other property on the Premises as provided by law. Lessee acknowledges that such lien is supplementary to any statutory lien for rent that Lessor may also have. 1L This Lease shall be governed by the laws of the State of Texas. In the event there should be a breach or default under any provision of this Lease and either party should retain attorneys or incur other expenses for the collection of rent, fees or charges, or the enforcement of performance or observances of any covenant, obligation or agreement, Lessor and Lessee agree that each party shall be responsible for its own attorneys' fees. 12. Lessee represents and warrants to Lessor that Lessee is the owner of the aircraft described in Section B of EXhibit "A." 13. Lessee shall not assign, sell, convey, sublet or transfer any of its rights, privileges, duties or interests granted by this Lease. Any attempted assignment of this Lease shall be null and void. 14. Lessee hereby agrees to comply with all federal, state and local laws, as well as all rules and regulations established by Lessor. 15. Upon Lessor's request and following reasonable advance notice, Lessee will make such books and records pertaining to this Lease available for review by Lessor during Lessee's normal business hours. Lessor, at Lessor's sole cost and expense, shall have the right to audit such books and records in order to ensure compliance with the terms of this Lease and the Sponsor's Assurances made by Lessor to the Federal Aviation Administration. 16. This Lease shall be subordinate to the provisions of any existing or future agreement between Lessor and the United States Government which relates to the operation or maintenance of the Airport and is required as a condition for the expenditure of federal funds for the development, maintenance or repair of Airport infrastructure. Month-to-Month Tiedown Lease Agreement Page 3 of 10 17. If any provision of this Lease is subsequently held to be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired. 18. The person signing this Lease hereby warrants that he/she has the legal authority to execute this Lease on behalf of the respective party, and that such binding authority has been granted by proper order, resolution, ordinance or other authorization of the entity. The other party is fully entitled to rely on this warranty and representation in entering into this Lease. 19. This written instrument contains the entire understanding and agreement between Lessor and Lessee. Any prior contemporaneous oral or written agreement is hereby declared null and void. (Signatures Page to Follow) Month-to-Month Tiedown Lease Agreement Page 4 of 10 IN WITNESS WHEREOF, the parties hereto have executed this Agreement in multiples on this the 28th day of February , 2025. CITY OF FORT WORTH: By: Roger Venables Airport Systems Director Date: Feb 28, 2025 STATE OF TEXAS COUNTY OF TARRANT BEFORE ME, the undersigned authority, a Notary Public in and for the State of Texas, on this day personally appeared ROGER VENABLES, known to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that the same was the act of the City of Fort Worth and that he executed the same as the act of the City of Fort Worth for the purposes and consideration therein expressed and in the capacity therein stated. GIVENUNDER MY HAND AND SEAL OF OFFICE this 28th day of February 2025. ANGELA D. CHRISP Notary Public STATE OF TEXAS Notary I.D. 134812443 My Comm. Exp. Mar. 18, 2028 APPROVED AS TO FORM AND LEGALITY: C�i?+1lCQ /7 By:Candace Pagliara (Feb 7 • n7ST) Angela D. Chrisp (Feb 28, 2025 13:)6 CST) Notary Public in and for the State of Texas ATTEST: By: Candace Pagliara Jannette S. Goodall Assistant City Attorney City Secretary R M&C: None Required Month -to -Month Tiedown Lease Agreement Page 5 of 10 OFFICIAL RECORD CITY SECRETARY FT. WORTH, TX C'onh•act Cumpliancc M:i���gc�•: �`' signing. I acknc��� led`�e lhat I<�m Ihe �,erson respc�nsible f�ir the manitorin � ���tIIII,Ii i. II1� �Uc�lll,� ��ii�lli �IiC �il� ���'i j� ii�ill.illCl' E111C� fe pfllfl � 2fld 8(� b ministratir�n r,f� tl�is P b requirements. Ba�6c�+� Qeeciu.�i� U Rarh:�r:� (;uoil�rin Rcal Properh• 1�t��nager• LESSEE: SAGREI�] hEVIN COVENDER JR E3 � : �„ rt �t �l�K �r � -�� -�_ Sazren Ke�-in Go��ender.lr ATTEST: [3 ti„ -�' �}— v �Ii N N�%iX% .Q � � � [)tne:��1s,,.a.ti, A'� 2.D��— STATE OF COUNTY OF BEFORE �9E. the undersi��ned �uithorit�-. a Notai� Public in and tor the State of <m this da�� personall�� appeared SAGREN KEVIN COVENDER JR, kno�t�n to me tu be the person �� hose name is suhscribed to the fi�re�c,inz instrument. and acl.no��lcdted to me that the same Has the act of' SAGREN KCVIN GOVENDER ,IR and that he ezecuted llte .ame as the act of' SAGREN KEVIN �:O�'ENDER .JR ti�r the pw�x�ses and cc,nsideration therein expressed and in the caE�acit� therein slated. GNENUNDER A1Y HAND AND SEAL OF OFFICE this �� � FFRR�/A.e�Y , �p�; da� �� � I.�URAANNETTEUNE Not�ry ID k�03�19a0 : �My Commission Expins a Apr11 15, 2025 � Nutar� Public in ancl ti�r the Statc ��t� � hlunlh-w-Monlh Ticduwn Lease .-��rrement Pa�;e G of 10 � EXHiBIT "A" A. Lessee Name: Sagren Kevin Govender Jr Contact: Same Address: 1619 S City Oak Ln City: Houston State: TX Zip: 77047 Phone #: 219-868-3202 Email: sa�ren25 a(�,�mail.com Business (if applicable): Address: City: State: Zip: Phone #: Fax #: In case of emergency: Contact Name: Phone: B. Aircraft: # 1 Make: PA-28 Cherokee 160 Tail#: N5467W Color: C. Tie Down Site: See Map (attached) D. Rental: $55.00 monthly per tiedown Quantity: 1 Total Amount Billed Per Month: $55.00 E. Start Date: March 1, 2025 Month-to-Month Tiedown Lease Agreement Page 7 of 10 � i � =� � � �� f��Z-�[�J� � •�• T� _ N' � + � K'.I ,�y v �f � � . � Month-to-Month Tiedown Lease Agreement Page 8 of 10 --.�-.� � r. ` _ � � 1` � --_� � !`';sbi�Z11;,�1�1 " e �f _ �� �� _ J�7'^1�v;; �';'Il'�;oXl� I n_�_- 1_ �i� � � ��� �• ._'' '_ ' �I _ i�¢',+/,':4`;�IC�71 EXHiBIT "B" �'[31i1' i�31 k#-I H .�� . R3 1�1114l�' E�CHIBff B-l411NIN41JN!lNSIlRAN�E F2EQUER�NEEi�€F� �'�9�' ucrnmer.;ial Hangarkeepers Er.vuonme-tal Aircrak and Passe�ger '�uirnrao-ie �ah�'rry I� o Ua�egary General I�pa�rnen'. Inolude H sed 8 h.on-arrned Insuao'_� ! i3}d�ty' L,3oJity L�ab:l��y L:ah�l:ry Ueh�deesi ' F�x� �ase v�perator=_ �F�v'�� rQ� w5,�:a,c�1e S? 0uC �J�70 �' �:�]�,:�.��3 t ',�:L�7,�330 .4�rcrai� Ma�^�enano�fiipera�or an� �.v�orncs arlrsn��ent Ma;ntenar�ce - ir'.�}=�O,:v� f1,:•.�0.�=�.�d � ',FF'0,}=�� .".+ r3t{r-o.StUl „roraf! MaF�enance v�pera.or ana ,iv�on;cs.xl=rstru�enk Maintenance 's ".��,f�'J,_•1G �.1,���rd,�1d S ',L��J,��'J w era6ex-Turh�ne A:�onics ar Ir.3���t Main:enanee Uperat� iBeneh wwa� Jnly} - �'',�`�O,v,'}� � :,C�60,;?]Q .�ircraN Rental o� �I�gh� Training '� 51 .C�� �,�17s��accurrenc� 31,d00,40�f- S ',,?7�,C�0 Operat:� �5 4:�5C,=•Gd;passen�- .��rcraf� C�ar6erar 3.�rcra`,t �s SF,C0�1,4G4�'occurren..� s�.00a.aac s -,�o,c�o Management O�r�iar �s 5�-�SG,4Gd,+passen�- �s - 51 .CO� �,Ol7s��xcurren� A�oraf!Sale=_ Clperatar �',D��,COGr 51_d00 d00 s -,a�o,c�o �5 � :�1a,�oo,����,�- 'S 51 Ud0 d00 �t.O�Gi.C;�: ArrraF. Sco•age Opeia6or - 55,000,0�]G } &1,tL��p.�1 �p ' S ',C��d,�f10 Asnat�an �eruiae 8de Prop� ekar ' S c,�]Oti,�{1�7' � I,00�],00�.'ocourrenae 3 �,.`,d,,�70 s'GO �700;pa=_s��es ` v��Car.mera�al Aeranauhc� St,0�75,0��? 53�0,�]i,til'ccoumence S ',c�o.�a3o A^ �sr�e� i xrporar� S� �al�ed r1�n�sr. S;,CC�,O��Ci 5300,Oi,ti'ocvumenoe s ;,c�o.�a_�o �e-u�cp�: rato• Ncrrvorrmeroa[ Hangar Les=_eE '� S t,d00,d00 530�7,004.�aceumenoe S �,G4d,tiiC�G Non-ucmre-o��ly.ngCluh '� 51�]dd4�OT �I,O��],OC��occurrenae � :,�d,�� � i700 GdO� as=_eF e� Non�.omrc�ca 3c#-rueling _ �1,000,�700 s1 ooa.aaa 5300,C�7G.'ocvurrenoe 5 ',C�OD,C4�d P� � �ee {Js �usl ar�dr. Au as'i �lon-vcmrre{o�a S�-�uel�ng Fr:. �� '� S1 ��r'3�.��'�0 SFOiACti� 53�],�:�O�ccour.�e 5 21d,vJO 'Allcfi�.�� F��s e. . rc�acas'� SoxHar�ar �-rangar,Ccrn•nu�..�� s s�,:ao.�o $3�r,�70+occ�r�:ce � �Fo,�aoo Hany�r ��.� "nsuranoe ^�r�irerr�„s s�.bjeci to de6ernin.�tian €�y A�nato^ Departr��i �d RaK Managemerrt. A�d�txa.'�.=_uranoe Requ:��en:s •Lessee s�.ol�es are fi be Urirrar}� to any othe� sralid and oxlfEcGble ,ssu;3n� a�.�ailahae 50 [he C� ,All po3ieies sha4 includea'vl'awer a=:3u�rogad�n ��avo� aithe C�yr tiTemparary SASO mu=_talsa inalud� k�r�cri ! ess�ej •'-h� City of Fon ihorth s±vall ne n�n� as Addit�anal Insured i7arr�orary SASO rr.tss7 a�sa inc�ude Airpars !�ee r •F❑liees s^,all r.a�e nc exel�sians by endcesemen� �vhir� ne7h�nulli+y or arrand ihe req,�red :�es o= coverage nor tlecrease tlie IimRs of sarc� cnMerage � Co�rzray� per aTora�t shwld be �vaiwalent to khe .�3y-e a�ro+a� ualue at rne time ac,d vaue�ye per ooc� menoe s:�c.�C ha eqwt�.�r+. 6c tlie au�enge o' Cse ma�amum t�:e � iata[ a�rcra� at an� �me, bu•. �soi less tTa�. khe arncum ^oLe�] atrave � Musi �r-a �e rJegl;�r•1 InsEruoBive• G4vsr�ge = I'a�c*a`Fs7orage cx��aior is p•�ding subleasirr� soacafor a•c;a� swrage ' Only requ r� =or tliose prou�d r� =1�g ^r �nstr�cTcn ='JeFen� or �ms o- 'hz le3se �gr�nent " ff uen� parketl lantlside - St,te min�m�rr s wa�ld app;X - vowrags may be p:ordetl ty en �orsemem Aviation Minimum S�andards, ��ty oF Fort'�5'nr1- A�,�,akan Ce�art�ien! ;46��_��_:,,14; Month-to-Month Tiedown Lease Agreement Page 9 of 10 �EF�h�IT1�1V�; Coverage for he Es;r.kJing ;ncl�des (o�Jt;=_ not'�rrrstl ro}ltra b��;1d�r,g and stfuCU�s, campleted addiaon=_ ta oovsre-J builaing3. ou�dcar f,�e:ures, permasrerRly �n�ta!�e� fxNres_ mach�nen} arrd ea��pmeM. '-he bWildi�g ma?enal u=_ad tc main��in ard serncs ths ir+sured's premisas is alsa ins:,red. B�s�n�ss Fersortal F�p�rtYownrJ b}� the insuretl as�tl use� in Jr ir.sured'= b�siness es mvered for �iFect ;at3 �r �3mage. �e an=rage inoiud�s 5bu'. is rrot limrtea ta1 i.ienP,ure ar.d fixwr�s, stac&, impr�vemerrts and bei��rtrents, leased props�ty for whioh ya�e have ��an:racfi.aa! o�liaa#icn ta irtsure and several ather sirnilar business �rop�zrty items wMen nat s�ec'Scal!y e�cdud�d From cover3ge �-.a Qalicy fs aLSa Cesigned :o protect;he �rsur�d ag3�nst �oss ar �am,aga �a the Persanal Pro-peFty oF Others v�nile ifl �h2 !r�SLI'�E��S Cd'� � C115'Otl}' 3� CLf`tNl. PR�FEF{Ti� IItiSL'I���CE 6usu�ess �ncome �same�r�es oalled Busi�ess In�errupt�n; aFforbs pratz��an agamsi the lass of eamings of a bus�ness tlunng 1he tme roqwra� ta �eb�ila ar repaK caverad property damaged o■ dest.royed hy Fre cr some athe� msur�o oausa oFlass. -xira ExFense allom ¢aversge fiar'.F-�osa addit�anal e�ertses over and atiove �vrmal operating e�enses paxi due va dama�e tv cavered prap�rty ira�; a co-,rered oause of loss. �use expenses co�ld ir.cl�de rent �Lrtes. mmring e�enses. .elaPhone, a�ti�rtising a�d IaGor. Thi=_ oaverage peotec-s :he insured far ��,ly inj�ry or �ropernf damage ia Ji� third P�r�es. For wfiich they are !egally I�ble. The Pol�cy covers ao:,iderRs occurring an the premise�s c: away ?rorv� the prem�ses. Caw��age �s prov�ded f�� in�Wry ar tlarr.a6es arising auc of gacJs or praduc2s made ar s��d by ifie namad irrsvr�d. Cav�raae is affo■ded fo■ he named irtsured an� employees o.' �hQ narred ,nsured; taowaver, several individuaL= and aFgan�a�orrs oJ�ar ihan he nare:ed msured rr.33r ha oo��ered depe�ding u��n rerain aircurrst3noes speci�5ed m the poi�ay i� additian to the lirr.its. the pahcy arovidas supF4eman'al payrr.enss far awo■ney f�es. oaurt costs and other a�enses assaoia'e� w�lh a vla im or ���� nse o,' a liability su'R Crrrerage,A - Bodily 3njury and Praperty damage L�ability ��I1�L'�rfFR�'IAL .�'sE�i �I��� 5ed�ly InjuFy+ means �hysi�_al injur�, siokness vr diseasp 'sticl�ding dea:n. �roge�r dam.�ge means phys:aal inauryr Ij�$j'[�] :a ta�ible property_ inc;uding the resuhing hss of �=_a oFth.�t proper_y_ Coveeage B- Personal Injury and Advertisirrg Ir�jury l.iability �srsor al Inj ury- rr ea ns .`alse arres; m alic-iaus pmsec��iun, wrongful entry ar e v�ctr. n, hbel, sla n�er a nd ti�o la�ons of a persan's ri8ht o° orrvaoy. Advertisina Injury means Mbel, slander, d�spar�gema�t, violations of a person's right �f pnvaay. mis3ppropriation and c�p�igtrt �nT�ngement. Coverage C - Medixal'�aymenls 0.�oical Payrrsn.s means med�cal expenses �arbadiryinj�ryc3�sed byan acciden' Ins�res ths hanger operator fce legal ohligatr.,r7s 6a pay damages �ue i6 Y355 �o an aKcraf. th.3z coc��s wh�n m� ��'��'-���`�' sircraftrsinthe::ar�,o�surJyarcor+tralo.'theinsureeforsafe�r.eeping,starage.serxnc�orrapair C�versge u-���T� e�ends =o l�ahil.ry cla,rns inkvlving a�a�roraF's loss af use. IfY54.lfP5 [FIQ F-0IiU60f1 �sLC35:1'� 3550C!3k�J'h1h1}?Q ins�re-J'=_ proper.y andopera��ans. ind�rJing �st=_ o`oiearn�p and rerr.ed�al orcortectM+e ac�:on c�ue toa :hird-Farty�emana ara govemmer.torder. �e?alluiion extJusion;n,�e��rai ��ZRO��l�T�L h3�ii7}+'f5Uf8!7CE �•`Secti•:aly eliminatEs o�aarage F,�r dare.ages iar b���lY �4�-+�S', P�RBrty �amaQe anC obanuR ccsts L�fFIfE��fE�'�F LIr�EiLlTY aris�ng iram rr-os? types of oolluuon events. �ecause af J3is. cus?omiaed protecti�n f�r ihe pollutian e�vs.sure af rum erous msur��s �n tnis oategary is essertuai Caverage �eared spe�cally ta =r.e operation a'. airra€t and the nsks involved ir a�,riatian. fi�vi3tian insura�e po-lr-ies a-e �is=inct#y d�fe:e�= from those for aaher areas of transpor:aticn and t�nd so ir.car��race avia��n �rtr.ir.oiogy, as vrell asiern-�inclo,3y_ limitsandola�rses sFaxf}cta av�a:ion ins�ranae. Pass.enger fiability prctacFs P�� J���� ������� pass�ngers r�d�r� in th� acoident airrraR who are injured ar kii!ed. In rexany cauntries khas couerage is mar.da�ar� orly for ��m me�oia � o� 43ra� aircrafL. Coverage �s a`�en soltl o n a"p�r-sea;' basis wrtin a speoiFie� limit for each pasa�ngersea� �� liand�tyaouerageo`the 9usi�e=_sA,ltv �ohoy �rc3rodes ara�:ecba�ragair+stlegal liabdity arisingau� af tw �LrF���f�EILE LL�FrICITI °�'T'�'�hip, mainir�a�oe or �a ���ny inswred autort-,obile_ TFw irtsunng 3�reament a�raes '.o oay For ba��� in�ury �CF I��LL.Z1E I${ED S� °r property �ama,�e fvey�wh �e ir.sureci is legally respans�ble heca�:=_e o` an au•.emob�le ae�ciderrt. �w �alicy als:. _'ti3?�-Ok}�tD b�IICL�S Ss3[�51I'S3S, i�� dCd�OfS SO :}�� �d]f£fYQI'l Of �3F:.3�p5, ;F'R IfiSlJf2r 3150 agreea to defe�r� :he irssur�d `cr all legal o�fe�-�se cast The defense 'rs in additian tc �� policy limits. A� agreer�ert beiwe�r. trra �a:*ies in wh�ch ane pa�ty agr�es ta waive subr�gatian rv.ghts aga�ns; anokher �r� the ;�'�� ��F et�nt ot a bss. The intent is b pr�verr. oroe paFty s ir+surer �sam pursu�n� subrogato� agains- the crther party. Aviatian klirtimum Stan�ards C:ry� Fv- 4'�'�xh Av3-�on D�:s-merrt�0=�C3'�C'�'i Month-to-Month Tiedown Lease Agreement Page 10 of 10