Application of Hull Insurance Proceeds. Subject to Section 8(g), as between the Lessor and the Lessee, any payments received under policies of hull or other property insurance required to be maintained by the Lessee pursuant to Section 9(b), shall be applied as follows:
Application of Hull Insurance Proceeds. As between Lessor and Lessee, any payments received by Lessor under policies of insurance required to be maintained by Lessee pursuant to Sections 11.1(a) or (b), shall, except as provided in Section 11.2(i), be applied as follows provided no Notified Default has occurred and is continuing (for so long as a Notified Default has occurred and is continuing, all payments shall be held by Lessor as security for Lessee's obligations under this Lease and if Lessor has exercised its remedies pursuant to Section 15 hereof, applied against Lessee's obligations hereunder):
Application of Hull Insurance Proceeds. Any payments received by Owner Participant or Lessor under policies of hull insurance required to be maintained by Lessee pursuant to this Section 10, shall subject to the terms of the Operative Agreements be applied as follows:
Application of Hull Insurance Proceeds. As between Lessor and Lessee, any payments received under policies of insurance required to be maintained by Lessee pursuant to Sections 11.1 or 11.2, shall be applied as follows:
Application of Hull Insurance Proceeds. Subject to Section 4.04(g), as between the Indenture Trustee and the Company, any payments received under policies of hull or other property insurance required to be maintained by the Company pursuant to Section 4.05(b), shall be applied as follows:
Application of Hull Insurance Proceeds. As between the Lessor and the Lessee, any payments received under policies of hull or other property insurance required to be maintained by the Lessee pursuant to Section 11.02 or 11.04, shall be applied as follows:
Application of Hull Insurance Proceeds. Subject to Section 8(g), as between the Lessor and the Lessee, any payments received under policies of hull or other property insurance required to be maintained by the Lessee pursuant to Section 9(b), shall be applied as follows: (i) if such payments are received with respect to loss or damage (including an Event of Loss with respect to an Engine) not constituting an Event of Loss with respect to the Airframe, payments in the aggregate of $2,000,000 or less shall be paid over to or retained by the Lessee and, subject to Section 9(c), any payments which in the aggregate are greater than $2,000,000 shall be paid over to or retained by the Lessor for payment to the Lessee only upon performance of its repair or replacement obligation;
Application of Hull Insurance Proceeds. As between Lessor and Lessee, any payments received under policies of insurance shall be applied as follows:
Application of Hull Insurance Proceeds. Any payments received by the Lessor or the Loss Payee under policies of hull insurance required to be maintained by the Lessee pursuant to this Section 12, will be applied as follows:
Application of Hull Insurance Proceeds. Subject to Section 3.4(e), as between Lead Secured Party and Obligors, any payments received under policies of hull or other property insurance required to be maintained by Obligors pursuant to Section 3.3(i)(i), shall be applied to the repayment of the Debentures.
