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HomeMy WebLinkAbout99-01627 '~ .~ ~ .t ~'i. '~ ~ j I' 'I., ,: 1. \ "\ ., .. .. , I. '" " " 'I " , ,. " " " , " " " " " " " " " " I' " , "1 I"> 'I 1"1' , " ", ) " " " ,', .. , // , " ,i' " 1 " " I', " " " " I, '1'. " " " " " ,. " " " " " " !. t"', ~ ", , 0- 0. :1. ,~~ ,I, 'i' " " " 'I I' , ' ,. ' ,Ii il " . , Ii, ," .., I, ,. ;'!.:'" II ,\ " l"', " " I , {t, " . ~ ' " I' iI.' ,', ," " ,', ;; 'II , , " vrn~JJi'JCA 1'1ON HOYT W, I3ANQ~, 11llhm d\lly ~IV01'l1 npponllnl! tlllulV, dpllO~O~ 011'1 ~ny~ 111111 hp lslhu Pl'osl\lonl of IIOR~"^M V ALL!1Y AIRWAYS, INC" n POlln~ylvnnln Plll'porntllln, tho PIlIlnllff " 1101'0111, nlld Ihnt II~ ~l1ph Pro~ldont, htll~ n\llhllrlf':od 10 I11l1ktllhl~ VOl'llionlllln 1111 lis hphnlfnl1,1 thl\1 Iho flIots ~tll forth III Ihulhrtll!llhll! Clll11pllllnt IIrtl (mo nil" Ullrroot tll tho bOst Ill' hl~. kllllWlpdBo, Illl'llrl1\nlloll Oil" holltlf,lIlHl/\t1'1l10I'lIl1tltll'stnllds thot HIlso IItlltPlllOllts huroll1l1l''' I11n"o 8\1bJouIlll tho pOlllllll08 nf I H Pn. C,S, sootlon 4904, 1'0lollllB tlllll1RWlll'lllhlsll1ollllon 10 1\11Ihllrlllos, HORSHAM VALLEY AIRWAYS,INC, ~/ IlY: . . ". -'\./ D I.IOY'I , llANOS, Pro 0111 , , 'I, " i! ,. \, " 1\ " Ii " " " !I .. " ,i '!' " 'I' 'I' .' H " n ii 't' , " " " " " " " '1'- Ii I' ;j I' _iii " . " " " !i , JOOlUllU ,- - ,-.' -,---, " it. ,n \i ii;J II " " ji " .' " ;,11 Ii Ii I' ..f' I' " !i Ii , ;,; " ;; " " lii j, " ", I, ;; " If 'i, " " " Ii " II ,j I' P ,)' I'. H I, " 'I_i' >i ,I< I; " ,I' I, " " [, " . "-" ,," "1 (, " " " H' .. " i' , Shol'l T~1'1l1 "~1I~0,,1~" I,~o~~ i\1J1'~~nll'nl pOgo 2. IV, 11A YMICNT I,ICSS~E ogroos to pny (,Jcsson II monthly 1'011101 ohllmo Of$__6,J75,OO_ IJsn pOl' month (pro I'IIlo~1 ellllly), Tho monlhly ronlol ohorgo sholl Incrooso In ellroot proponlon 10 tho Inoronso, if IIny, of Iho prll110 rIIlo oflbotlvo "/11/95 liS roponoelln lho Willi Stroot JO\ll'nol, 1111\lldltlon, LESSEE ogroos 10 pIll' LICSSOR tho S\II11 of :u 84,OO_.lJSD for oooh nlllht hOllr nown dmlng Iho hlllRO porlod. LmSSIOE IIBrOOS to pOl' AlIl11onlos 1110ntlono,lln this Looso Agrool11onl 111'0 InU. s, tllIlels (US!)), V, LICENS~~ FICICS i\SIjESSMICNl'S Dllrlng tho 101'111 of tho Looso Agreomonl, LICSSICIC will pill' illllloonse feos, OSSOSSl11ont~, onel slIlos, liSa, propOrly, IIllCl olhor toxes Ihot 111'0 110W or horoonei' Imposod by ony slllto, foeloml, or 10001 govornmont IIpol11ho hollooPlor orlslng n'om LICSSIC/\,s llse or oporotlon thoroof, whother tho Sllmo bo IIssos~oel to L~;Sson or 10 I,ESSICIC, VI, INSUlti\NCIC LESSEE ogroos to ohtlllnllnelmnlntllln Insul'llnoo of tho typos ond nmounls liS provlelodln Appondlx I. ounohoel heroto, Promptly IIpon oxooutlon of Ihls LOlIso Agreol11ont, LICSSICE shllll provldo to LESSOR II oertlllooto ol'll1RllrllnOo ovlelonolng suoh InsurllnOe onel RhowlnlJ LESSon liS odclltlonllllnsured onelloss PIlYOO, os opproprloto. VII, DAMAGlC BY ACCII>ENT Inlhe evonl the 10llseel holloopler Is dmllllgod by 1I001elenl, Ihontho LICSSIClC shllll Inunedlllloly notify Llcsson of tho ncolclenll1nd sholl protecllhe hollcopler, bill Shlllll10l ropolr It or nltcr It IInd LESSOn ~hnll elcolelo whothor tho holloopler shnll be I'cl'lIlreel II' LESSOR dccldos to ropnlr nnel tho hollcoplor Is eloll1l1gcd Ihrollgh no ncgligonoo 01' L1CSSICIC, LESSICIC's renl will bo IIblltoel hllmeelllltoly unlc~s II sOllRlhotory sllbsIIIU10 hcllcoptor IR IIVOllllhlc to LESSEE. LESSOn sholl bo undor no ohllgotlon to l\lmlsh 0 substltulo hollcoplor In tho ovonl of ony 10Rs of dnll1l1go, LESSIClC IR ohllgolod 10 bOil I' 1111 oxponsos of ropolrs rogorelleRs of OIlUSO. If L1csson docldos thot tho hcllcopter sholl nol bo ropolrod, Ihon the Looso Agroomont shnll tonnlnoto oa of tho duto of tho ncoldonlnnel tho hcllcoplor sholl forlhwlth be returnod 10 LESSOn's promlsos In Horshnll1, I'cllnsylvllnlo or other 10001/011 dcslgnnlocJ hy LICSSOR, nt LESSEE's solo oxponRo nnd LESSICE Rholl ho IIl1blo to L1csson for oil dnmogos or 10Rs to Ihc hollooptor. f.ihul'l TI'l'm IIPlIcfllIIPI' LPIISIl I\lll'cIlmcIII pllllllll. XII, I\1IRCI~I.I,I\NICOllH Thp obllllntlplIlI'lllthcr PIII'1Y hUrUllllllllr Rhnll bll ij11S11I11lt!lHI\o Iho UX\llllllhlll il hllldorcd or prcvel1toll O'om oOl11plyllllJ therowlth bUlllIUSO PI' IlIbor dlslmblll1llos, IIcls of Will', 1I0ls PI' God, Ilros, Slol'l\1s, 1I00ldonls, Govornmonl Rogllllltlol1s, 01' IlItorferonuo's of IIl1r olhor OIlUSe whlltovor boyol1d lIS cOl1lrol. LI~ssr~E Shllllllot pOrl11111111Y 11011, ulnll11, 01' ohnfllO III0onslslol11 with r~ICSSOn's ownorshlp of tho hollooptor 10 n00l110 01' bo plnllod RllnhlSI tho hollooplor, 1,ESSEIC lit 1111 tll110s wllllllvo LESSOH nllll\l1d 11111ll011ln\01101lco of IIIIY IIcoldolll PI' hnpponlnlllo or IIbOll1 tho hollooplor Involvlnll dlln1llllo to It, 01' Iho propilrty of othors nnd comply wllh IIlIrOnSOl1l1blo roqulromonts of u~sson 10 prololll I.ESSOn's rlghls nnd proportr, IIml LESSICE will filrnlsh IIl1lnforllllltlon ofwhleh It I11I1Y hnvo knowlO(lgoroqlllrod by pollolos oflnsurnl1oolRsllodln oonnootlon with Iho holloopter. XIII, PIWl\lILT IN PlCHllonMANClC If LESSEIC shollld notlllllko pllYl110nlR whol1 duo \IndoI' Ihls l~ellso Agreol11olll or olhorwlsolhll to obsorvollny olhor obllgllllons 11l1dor Ihls I~ollso Agrool11ol1l, !'(CHSl';"; IIgroos Ihllt LESsOH IllIlY lonnlnlllo thlR LOllso Agroomenl illllTlodlllloly, wilhOlIl nolice, nnd onlor upon tho prpmlsos whoro tho 10llsed hollooptor Is kopl, IlIko possoBslpn nnd romove Sll1110 wltho\llllny 10lJlllllotlon of oourt ordor liS IllIlY hllvo othorwlso boon required by IlIw . XIV, ,JUlUsmCTION Aoy dlRputo oul oflhls IIgl'OCl1101l1 not olhol'wise selllod 1I11110llbly shllll bo ndJudlcntod In tho OOlll'1s of g0l1ol'lI1 Jurlsdlotlon for tho COl11monwolllth of 1'0llnRylvnnlnln Iho County 01' Cumbol'lnnd, or In tho Podorn! Dlstrlot COUl'l of tho Mlddlo DIBlrlut of l'onnsylvllnlll, nnd tholnws of tho COllll11onwolllth ofl'onnsylvllnlll Rhllllllpply, XV, FLIGHT nOUR GUARANTEE LESSlm [lllnrnnt09R to LICSSOn II monthly mlnlmllm nlghl holll' pnYll10nt or $5,520,00 represonllng 30 nlllhtholll's OfllSO, LESSICIC will PllY lor IIny nlghl hOllr chllrges ovor 30 hOllrR Inllny glvon Illonth whon Incllrrod, LCSHOI' will credit LICSSlm's IIceollnt wllh hOllrly chllrgos pnld i\1ver 30 hOllrs In IIny giVen month for uso by LESSEE If nClllnl night time In nny given month Is tORS thlln 30 hOllrR, II' no crodlt IR IIvllllnblo, L1CSSEIC will pny Ihe mlnlmllll1l1l11ollnl stlltod horoin. Tho mlnlmlllll nnnlllll billed flight hOlll's will be 360 hO\lrs Shlll'l THill Ihllclllll~1' I,~"~~ AIJI'~~lllpnl PllSO 6, . IN l'Jl;Sl'IMONY WlIEnmOF, wo hnvo 0)(00111011 lllia LEASID AC;lUiJlilMENT on !l1l11 lIa of tlwllMo firal nhllVo monliOnllc\ \Jy pur dilly lIlIlhorl~oll pmool'a lInd lIllOnla, LJ!lSSEI~I:tYJl'. "~, ""''''''0-- L.SS~~~1S1I2rL"~Y hi ~ IV ^ ys 1lyC[).-...., --<' ~/~ _ nv, ~ ~. /r:'\-" /"-::::.7 PRINT NAMEI'm:14LG......St"-I-n PRINT NAMICIIIO\'T W, ~ . 11RlNT TITLE, aeml1~ PIUNl' Tll'LElllHESlJ>liJNT INPlVIJ>VAL GVAIlJ\NTOH(S) llY~"'"1' J ~~ l'IUNl' NAMICI"J)agN ~ ,Shl/ ~ IIOME ADDnESSI//J"7f'lIl~&;L(':r ,I(t.r.rlitltu~ / fl',.?'{7V" (f'~)J~7' .1N(. , Shnl'l Tel'm H~lIcol1l~" I,ense 1\1l1'r.~Ill~nl PIIl:!O,7, Al'llENOIX I l. AIRCRAFT LlAlllI,I'I'V INSlJnANCIC n, Pmlnlltho 101'111 ofthlslollSO, I,ESSICE shllll mlllntllln Alrol'llft '.III\llllly Insllrllnoo within Iho IImlls ofntlolls! $ 10,000,000 U,S, Oollnl's, o(lmblnod 13011l\y hlhll'Y nnd l'roporty l)nnllll:!o pOl' slnlllo OOOlll'ronoo, wllh II pllssongor IIl1blllly limit nf $1,000,000 pOl' pllssol1gor. b, Tho 1,lnhllllY Polloy mllRI ho propol'ly ol1dorsod by Iho IIndorwl'llors 10 pl'ovldo, (I) LlCSSOR, Its OmOel'S, OBonls nl1d onwloyoos shull bo I1l1mod liS IIddlllol1l1llnSIlI'OI\ pnl'tloR therolll1dol', (II) Suoh policy Rhnll OpOl'lItu for ouoh Insured, but 8hllll not oot to Inoruosq ovornllllmlts of 1I0\llllty lindoI' tho polloy; onel (III) Suoh Insurnnou RIIOII bo pl'hl1l1ry Insul'unoo nnd ony othor hlRul'nnuo of L,ESSOlt shllll bo 8000mlol'}' 01' oxooRslnsl1l'onoo. 2, ALl.. lUSI< AIRCnAli'1' HULL INSUltANCE II, During thl1 terl11 of this Lom, I,ICSSICE shllllmllinlnln All Risk Alrol'o" I'hlll lnsul'llnco equlIl to tho ootulIl onsh vnluo of the hollooptol' which Is $ _446,000.00_ with deduotlbles no moro thon Ton Thousond U,S. Dollors ($10,000) rotors not in motion ond five porcent (5%) I'OtOI'R In mallon, Any loss to the LESSon due to tho LICSSlCE's deduotiblo not covorlng the ootuol oosh volue of Ihe hollooptol' sholl be the rosponslbillty of Ihe LESS ICE. b, Tho All RIRk AII'ornO I-lull polloy IlIURt be ondorRod by Iho underwriters 10 provide: ' (I) LESSOn fhnll bo nnmod nR un ADDITIONAl.. INSURED ond LOSS I'A VEIC 111\(1 LESSOn's opprovolmllst be obtolnod for sottloment 01' compromise of nny 10SSi (II) Brouoh ofWolTonty covcrngo In fnvor of 1110 L1csson wilholll obllgnllon to poy tho promlllm therofol' In thc evenl of L1CSSICE'! 11111\11'0 10 pny; (III) Wor rlRk oovorngo ot tho roquesl of L1CSSOlti (Iv) Any wolveI' or rlshlR of slIbrogollon ogRlnsl othol' pnl't,les Rhollnol ollbct the covcrogc provided lindoI' tho polloy with respect to tho LESSOHi , " " ,I ,1' "" ", ," " 'f; " '1 I, nt, H j; j, ,i" j'i " " '1-" " " '!1 " p " " " 'I; " " Ii' " I: p " IIIFlH'iffICE OFn!' 1'fiI',,'i 1"I,inINW ~p 11^Y II, MI ~ll'tl~' Cl)iVILJUil.l'i'IU COuNry rlf~!N.sYt.\,^,~IA " " " I' ',p ", <II li- , , , " , I' " "i I' , " ,,. Po' " "