policy including, but not limited to, the diminished value of the aircraft from any damages to the aircraft during the time in which the Renter possess and or uses the Aircraft. The renter will be responsible for all lost revenue if the aircraft while the aircraft is down for repairs of damage to the aircraft which occurred as a result of the renter's operation. The Lessor will make the calculation based on the historical data with a minimum to cover the fixed monthly costs. The Renter agrees that the Property damage coverage under the Non-Owned aircraft insurance policy, in the event of a covered loss will be used to cover loss of use, diminished value, lost revenue and fixed cost first with any remaining limits of insurance to pay for the damage to the aircraft. Further, the renter acknowledges that if the Non-Owned insurance policy denies coverage for a claim, the renter will be financially responsible for the loss of use, diminished value, loss revenue and fixed cost from any damage during the time in which the renter possesses and or uses the Aircraft and until the Aircraft is returned safely to the home base.
Cirrus SR22, SR20 Diamond DA40 NG
Bodily Injury/Property Damage Physical (Hull) Damage
14) Renter agrees to reimburse the Lessor for all costs, expenses and reasonable attorney's fees incurred by the Lessor in the event suit is instated by the Lessor against the Renter to recover possession of the aircraft or to enforce any of the terms, covenants, and conditions hereof, or to collect any sum of money damages or cost. The Lessor and Renter expressly agree that Florida shall be the forum for the legal proceedings between the Renter and the Lessor. The venue/lodged for all suits shall be in Broward County, Florida. 15) DISCLAIMER OF WARRANTIES: Renter hereby acknowledges that the Lessor is not the manufacturer of the Aircraft or the manufacturer's agent, and that THE
LESSOR MAKES NO WARRANTY OR REPRESENTATION, EITHER EXPRESSED OR IMPLIED, AS TO THE FITNESS, WORKMANSHIP, DESIGN, CONDITION, OR MERCHANTABILITY OF THE AIRCRAFT, ITS FITNESS FOR ANY PARTICULAR PURPOSE OR THE QUALITY OR CAPACITY OF THE MATERIAL IN THE AIRCRAFT.
16) Renter agrees to release, indemnify, and hold the Lessor, its members, managers, officers, and employees harmless from and against all liabilities, damages, business interruptions, delays, losses, claims, and judgments of any kind whatsoever. This shall also include all costs, attorney's fees, and expenses incidental thereto, including personal injury, death or property damage claims, arising or in any manner occasioned by the operation or use of the Aircraft during the time in which Renter possesses the Aircraft, arising out of or by reason of any breach, violation, or nonperformance by Renter of any covenant