PROVISIONS OF
FEDERAL AVIATION REGULATIONS PART 91 AND TIMESHAROR CERTIFIES THAT ALL
APPLICABLE REQUIREMENTS FOR THE AIRCRAFT'S MAINTENANCE AND INSPECTION UNDER PART
91 OF THE FEDERAL AVIATION REGULATIONS HAVE BEEN MET AND ARE VALID FOR THE
OPERATIONS TO BE CONDUCTED UNDER THIS AGREEMENT.
(b) TIMESHAROR AGREES, CERTIFIES AND ACKNOWLEDGES THAT WHENEVER THE
AIRCRAFT ARE OPERATED UNDER THIS AGREEMENT, TIMESHAROR SHALL BE KNOWN AS,
CONSIDERED AND SHALL IN FACT BE THE OPERATOR OF THE AIRCRAFT AND THAT TIMESHAROR
UNDERSTANDS ITS RESPONSIBILITIES FOR COMPLIANCE WITH APPLICABLE FEDERAL AVIATION
REGULATIONS.
(c) THE PARTIES UNDERSTAND THAT AN EXPLANATION OF FACTORS AND PERTINENT
FEDERAL AVIATION REGULATIONS BEARING ON OPERATIONAL CONTROL CAN BE OBTAINED FROM
THE NEAREST FAA FLIGHT STANDARDS DISTRICT OFFICE. TIMESHAROR FURTHER CERTIFIES
THAT IT WILL SEND, OR CAUSE TO BE SENT, A TRUE COPY OF THIS AGREEMENT TO:
FEDERAL AVIATION ADMINISTRATION, AIRCRAFT REGISTRATION BRANCH, ATTN. TECHNICAL
SECTION, P.O. BOX 25724, OKLAHOMA CITY, OKLAHOMA 73125, WITHIN 24 HOURS AFTER
ITS EXECUTION, AS REQUIRED BY SECTION 91.23(c)(1) OF THE FEDERAL AVIATION
REGULATIONS.
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IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be
duly executed on the date first above written. The persons signing below warrant
their authority to sign.
TIMESHAROR
TIMESHAREE
By:
By:
Name:
Name: Robert H. Benmosche
Title:
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Annex A
Description of Aircraft
Type of Aircraft
US Registration Number
Manufacturer's Serial
Number
1. Bombardier Global Express
N70PS
9012
2. Bombardier GEX 5000
N720WS
9176
3. Dassault Falcon 2000 Ex
N72PS
116
4. Citation Excel
N175WS
5327
5. Bell/Agusta AB139
N71PS
31021
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Annex B
Insurance Limits
No less than (i) Three Hundred Million Dollars ($300,000,000) aircraft liability
for bodily injury to or death of persons (including passengers) and property
damage and (ii) One Million Dollars ($1,000,000) per passenger, including crew,
passenger voluntary settlement or seat accident, and aircraft hull insurance.
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