Common use of Application of Insurance Payments Clause in Contracts

Application of Insurance Payments. All losses will be adjusted by Company with the insurers. As between Loan Trustee and Company it is agreed that all insurance payments received under policies required to be maintained by Company hereunder, exclusive of any payments received in excess of the Loan Amount for the Aircraft from such policies, as the result of the occurrence of an Event of Loss with respect to the Airframe or an Engine will be applied as follows:

Appears in 19 contracts

Samples: Indenture and Security Agreement (Fedex Corp), Indenture and Security Agreement (Fedex Corp), Indenture and Security Agreement (Delta Air Lines, Inc.)

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Application of Insurance Payments. All losses will be adjusted by the Company with the insurers. As between the Loan Trustee and the Company it is agreed that all insurance payments received under policies required to be maintained by the Company hereunder, exclusive of any payments received in excess of the Loan Amount for the Aircraft from such policiesAmount, as the result of the occurrence of an Event of Loss with respect to the Airframe or an Engine will be applied as follows:

Appears in 16 contracts

Samples: Indenture and Security Agreement (Spirit Airlines, Inc.), Participation Agreement (American Airlines Inc), Participation Agreement (American Airlines Inc)

Application of Insurance Payments. All losses will be adjusted by Company with the insurers. As between Loan Trustee and Company Company, it is agreed that all insurance payments received under policies required to be maintained by Company hereunder, exclusive of any payments received in excess of the Loan Amount for the Aircraft from such policiesAmount, as the result of the occurrence of an Event of Loss with respect to the Airframe or an Engine will be applied as follows:

Appears in 7 contracts

Samples: Indenture and Security Agreement (Jetblue Airways Corp), Indenture and Security Agreement (Jetblue Airways Corp), Indenture and Security Agreement (Alaska Air Group, Inc.)

Application of Insurance Payments. All losses will be adjusted by the Company with the insurers. As between the Loan Trustee and the Company it is agreed that all insurance payments received under policies required to be maintained by the Company hereunder, exclusive of any payments received in excess of the Loan Amount for the Aircraft from such policies, as the result of the occurrence of an Event of Loss with respect to the Airframe or an Engine will be applied as follows:

Appears in 6 contracts

Samples: Indenture and Security Agreement (American Airlines Inc), Indenture and Security Agreement (American Airlines Inc), Indenture and Security Agreement (Delta Air Lines Inc /De/)

Application of Insurance Payments. All losses will be adjusted by the Company with the insurers. As between the Loan Trustee and Company the Company, it is agreed that all insurance payments received under policies required to be maintained by the Company hereunder, exclusive of any payments received in excess of the Loan Amount for the Aircraft from such policiesAmount, as the result of the occurrence of an Event of Loss with respect to the Airframe or an Engine will be applied as follows:

Appears in 3 contracts

Samples: Participation Agreement (American Airlines, Inc.), Participation Agreement (American Airlines Inc), Deposit Agreement

Application of Insurance Payments. All losses will be adjusted by the Company or, if applicable, any Permitted Lessee with the insurers. As between Loan the Security Trustee and Company the Company, it is agreed that all insurance payments received under policies required to be maintained by the Company hereunderunder Section 3.6(b), exclusive of any payments received in excess of the Loan Amount for the Aircraft from such policies, as the result of the occurrence of an Event of a Total Loss with respect to the Airframe or an Engine will be applied as follows:

Appears in 2 contracts

Samples: Framework Agreement (Spirit Airlines, Inc.), Framework Agreement (Spirit Airlines, Inc.)

Application of Insurance Payments. All losses will be adjusted by Company with the insurers. As between Loan Trustee and Company it is agreed that all insurance payments received under policies required to be maintained by Company hereunder, exclusive of any payments received in excess of the Loan Amount for the Aircraft from such policies, as the result of the occurrence of an Event of Loss with respect to the Airframe or an Engine will be applied as follows:: Indenture and Security Agreement (2010-2 EETC) [Reg. No.]

Appears in 2 contracts

Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/), Indenture and Security Agreement (Delta Air Lines Inc /De/)

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Application of Insurance Payments. All losses will be adjusted by the Company with the insurers. As between Loan among the Security Agent, the Trustee and the Company it is agreed that that, with respect to such Aircraft, all insurance payments received under policies required to be maintained by the Company hereunder, exclusive of any payments received in excess of the applicable Loan Amount for the Aircraft from such policiesAircraft, as the result of the occurrence of an Event of Loss with respect to the such Airframe or an any such Engine related to such Airframe will be applied as follows:

Appears in 2 contracts

Samples: Aircraft Security Agreement (American Airlines Inc), Aircraft Security Agreement (American Airlines Inc)

Application of Insurance Payments. All losses will be adjusted by the Company with the insurers. As between the Loan Trustee and the Company it is agreed that all insurance payments received under policies required to be maintained by the Company hereunder, exclusive of any payments received in excess of the Loan Amount for the Aircraft from such policies, as the result of the occurrence of an Event of Loss with respect to the Airframe or an Engine will be applied as follows:

Appears in 1 contract

Samples: Indenture and Security Agreement (American Airlines Inc)

Application of Insurance Payments. All losses will be adjusted by Company with the insurers. As between Loan Trustee and Company it is agreed that all insurance payments received under policies required to be maintained by Company hereunder, exclusive of any payments received in excess of the Loan Amount for the Aircraft from such policies, as the result of the occurrence of an Event of Loss with respect to the Airframe or an Engine will be applied as follows:: Indenture and Security Agreement (2011-1 EETC) [Reg. No.]

Appears in 1 contract

Samples: Indenture and Security Agreement (Delta Air Lines Inc /De/)

Application of Insurance Payments. All losses will be adjusted by the Company with the insurers. As between the Loan Trustee and the Company it is agreed that all insurance payments received under policies required to be maintained by the Company hereunder, exclusive of any payments received in excess of the Loan Amount for the Aircraft from such policiesAmount, as the result of the occurrence of an Event of Loss with respect to the Airframe or an Engine will be applied as follows:: Indenture and Security Agreement (American Airlines 2017-2 Aircraft EETC) [Reg. No.]

Appears in 1 contract

Samples: Participation Agreement (American Airlines Inc)

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