Danaher 2011 Annual Report Download - page 219

ii. records relating to personnel performing any and all maintenance on the Aircraft.
C. Expense Records. Manager shall maintain and keep accurate, complete, and current records relating to the calculation and payment of bills
and assessments for services, supplies, and other expenses incurred in connection with the maintenance, operation, storage, supervision, and management of
the Aircraft.
D. Inspection. Such records shall be open to inspection by Owner during normal business hours and upon reasonable prior notification to
Manager.
13. .
A. Owner Insurance. Throughout the Term, Owner shall maintain insurance with respect to the Aircraft covering:
i. all-risk hull insurance with respect to the Aircraft, against any loss, theft or damage to the Aircraft, including, without limitation,
extended coverage with respect to any engine or parts while removed from the Aircraft. The limits of such insurance shall be in an amount equal to the current
aggregate market value of the Aircraft, or the minimum amount specified by the registered owner or lessor as may be applicable; and
ii. comprehensive aviation liability insurance with respect to the Aircraft, including, without limitation, aircraft passenger and property
damage coverage, for the Aircraft for an amount not less than Four Hundred Million Dollars ($400,000,000) single limit liability coverage and naming Manager
and Manager’s parent company (Danaher Corporation (“Danaher”)), and Manager’s and Danaher’s respective subsidiaries and related companies, directors,
officers, agents and employees as additional insureds.
B. Manager’s Insurance. Throughout the Term, Manager shall maintain or cause to be maintained, in full force and effect, at its own expense:
i. comprehensive aviation liability insurance with respect to each aircraft it owns directly or beneficially, including, without limitation,
aircraft passenger and property damage coverage, for such aircraft for an amount not less than Four Hundred Million Dollars ($400,000,000) single limit
liability coverage and naming Owner, Steven M. Rales and Owner’s members, subsidiaries and related companies, directors, officers, agents and employees
as additional insureds.
C. Insurer’s Notice. All insurance required hereunder shall provide that coverage may not be canceled by the insurer without thirty (30) days’
prior written notice to each party ((10) days’ prior written notice for non-payment of premium). Each party shall be furnished with insurance certificates
evidencing such insurance as of the date hereof and as of each renewal date. Each party shall also be furnished with copies of the policies. Receipt of any such
certificate or policy shall not constitute acceptance thereof nor waiver of Owner’s responsibilities hereunder.
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Source: DANAHER CORP /DE/, 10-K, February 24, 2012 Powered by Morningstar® Document Research℠
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