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Group Agreement GBC The Group shall ideally comprise 6 members, but this may be varied by a vote of the majority of the shareholders. The group will be formed on the basis of an aircraft value of

Any damage that arises directly in the course of a flight will be the responsibility of the aircraft itself, the insurance will cover it. All costs arising from this accident or loss will be borne equally, the total sum of insurance liability will only be a very slight proportion of the total value of the aircraft. Any claims from third party will be treated on the basis of the provisions in the insurance certificate. The insurer may decide to hold off any payout until the event has passed, or in the event that the aircraft cannot be reclaimed within 6 months of the accident date, the loss will be transferred to the policyholder or policyholder's representative at cost, provided that the policyholder has made a written request in accordance with the provisions of Article 1.4.7.3(5) of Group Regulation B11/2004. If, as a result of a loss, the assets of the Group are insufficient to cover the insurance liability, then the costs will be borne by the holders of the Group Members' Preferred Shares. The Group shall retain the right in those circumstances to set aside up to an additional maximum reserve, such as five percent (5%) of the total value of the assets of the Group. The group insurance will cover the loss, but will not be the responsibility of the Group Members. Insurance Costs The Group shall pay for the following insurance, provided that the insurance is carried out under Article 1.7.4.1 of Group Regulations B11/2004: (i) Third Party Insured Loss — In the event that the aircraft itself loses, is damaged or is destroyed due to any accident or act of terrorism, the insurance costs shall be borne by the insurance company concerned. A payment under these circumstances does not affect the liability of the Group for insurance costs. All costs arising from this accident are borne by the Aircraft Insurance Co. (AIC). In the event the policyholder is not identified as the individual at the time of the accident the Group shall reimburse the policyholder an amount not exceeding 200,000 euros (including the costs of any other costs connected with the accident). The Group shall not be liable to the policyholder for any insurance costs. In the event the insurer is not identified at the time of the accident, the Group shall reimburse the policyholder 50% of the premiums (which in no event shall exceed 100,000 euros). For each occurrence of this occurrence, the Group shall pay any additional accident insurance premium payable to the insurer.

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What is group agreement g-bxcg?

Group agreement g-bxcg is a specific type of agreement that regulates the terms and conditions for a group to operate collectively.

Who is required to file group agreement g-bxcg?

All members of the group are required to file the group agreement g-bxcg.

How to fill out group agreement g-bxcg?

To fill out the group agreement g-bxcg, you need to gather all the necessary information and follow the guidelines provided by the regulatory authority.

What is the purpose of group agreement g-bxcg?

The purpose of the group agreement g-bxcg is to define the rights, responsibilities, and obligations of the members within the group and ensure smooth functioning.

What information must be reported on group agreement g-bxcg?

The group agreement g-bxcg must include information about the group's structure, governance, decision-making processes, profit distribution mechanisms, and any other relevant details.

When is the deadline to file group agreement g-bxcg in 2023?

The deadline to file group agreement g-bxcg in 2023 is June 30th.

What is the penalty for the late filing of group agreement g-bxcg?

The penalty for the late filing of group agreement g-bxcg may vary depending on the regulations of the specific jurisdiction, but it typically involves monetary fines or other legal consequences.

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