Common use of Conditions of Insurance Clause in Contracts

Conditions of Insurance. Each insurance policy required under this Section 8 shall insure the interests of Lessor regardless of any breach or violation by Lessee of any warranties, declarations or conditions contained in such policies and shall be payable to the Lessor, with the Lessee as an additional insured. Lessor and Lessee will cause the proceeds paid under any such policies on account of damage or destruction to the Aircraft to be applied and used for the repair of the Aircraft or distribution to Lessor and Lessee as provided in Section 11. Each such policy shall insure Lessee’s contractual liability to Lessor contained in this Agreement (with a Breach of Warranty endorsement). The geographic limits, if any, contained in each and every such policy of insurance shall include at the minimum all territories over which Lessee will operate the Aircraft for which the insurance is placed. Each policy shall contain an agreement by the insurer that notwithstanding the lapse of any such policy for any reason or any right of cancellation by the insurer or Lessor, whether voluntary or involuntary, such policy shall continue in force for the benefit of Lessor for at least thirty (30) days (or such lesser time as may be permitted in the case of War Risk Insurance, if such War Risk Insurance so requires) after written notice of such lapse or cancellation shall have been given to Lessor. Each policy shall contain an agreement by the Insurer to provide Lessor with thirty (30) days’ advance written notice of any deletion, cancellation or material change in coverage.

Conditions of Insurance. Each insurance policy required under this Section 8 shall insure the interests of Lessor regardless of any breach or violation by Lessee of any warranties, declarations or conditions contained in such policies policies. Each such policy shall be primary without any right of contribution from any insurance maintained by Lessor or Lessee and shall be payable to the Lessor, with the Lessee as an additional insured. Lessor and Lessee will cause the proceeds paid under any such policies on account of damage or destruction to the Aircraft to be applied and used for the repair expressly provide that all of the Aircraft or distribution to Lessor and Lessee provisions thereof, except the limits of liability, shall operate in the same manner as provided in Section 11if there were a separate policy covering each insured. Each such policy shall insure Lessee’s 's contractual liability to Lessor contained in this Agreement (with a Breach of Warranty endorsement). The geographic limits, if any, contained in each and every such policy of insurance shall include at the minimum all territories over which Lessee will operate the Aircraft for which the insurance is placed. Each policy shall contain an agreement by the insurer that notwithstanding the lapse of any such policy for any reason or any right of cancellation by the insurer or LessorLessee, whether voluntary or involuntary, such policy shall continue in force for the benefit of Lessor for at least thirty (30) days (or such lesser time as may be permitted in the case of War Risk Insurance, if such War Risk Insurance so requires) after written notice of such lapse or cancellation shall have been given by insured to Lessor. Each policy shall contain an agreement by the Insurer to provide Lessor with thirty (30) days’ ' advance written notice of any deletion, cancellation or material change in coverage. Each policy shall contain a waiver by the underwriter thereof of any right of subrogation against Lessor.

Conditions of Insurance. Each insurance policy required under this Section 8 shall insure the interests of Lessor Lessee regardless of any breach or violation by Lessee or any Co-Lessee(s) of any warranties, declarations or conditions contained in such policies policies. Each such policy shall be primary without any right of contribution from any insurance maintained by Lessee, and shall be payable to the Lessor, with the Lessee as an additional insured. Lessor and Lessee will cause the proceeds paid under any such policies on account include a waiver of damage or destruction to the Aircraft to be applied and used for the repair subrogation in favor of the Aircraft or distribution to Lessor and Lessee as provided in Section 11Lessee. Each such policy shall insure Lessee’s 's contractual liability to Lessor contained in this Agreement (with a Breach of Warranty endorsement)Agreement. The geographic limits, if any, contained in each and every such policy of insurance shall include at the minimum all territories over which Lessee and each Co-Lessee will operate the Aircraft for which the insurance is placed. Each policy shall contain an agreement by the insurer that notwithstanding the lapse of any such policy for any reason or any right of cancellation by the insurer or Lessor, whether voluntary or involuntary, such policy shall continue in force for the benefit of Lessor Lessee, and the Co-Lessee(s) for at least thirty (30) days (or such lesser time as may be permitted in the case of War Risk Insurance, if such War Risk Insurance so requires) after written notice of such lapse or cancellation shall have been given to LessorLessee and each Co-Lessee. Each policy shall contain an agreement by the Insurer insurer to provide Lessor Lessee and each Co-Lessee with thirty (30) days’ ' advance written notice of any deletion, cancellation or material change in coverage.

Conditions of Insurance. Each insurance policy required under this Section 8 shall insure the interests of Lessor regardless of any breach or violation by Lessee of any warranties, declarations or conditions contained in such policies policies. Each such policy shall be primary without any right of contribution from any insurance maintained by Lessor or Lessee and shall be payable to the Lessor, with the Lessee as an additional insured. Lessor and Lessee will cause the proceeds paid under any such policies on account of damage or destruction to the Aircraft to be applied and used for the repair expressly provide that all of the Aircraft or distribution to Lessor and Lessee provisions thereof, except the limits of liability, shall operate in the same manner as provided in Section 11if there were a separate policy covering each insured. Each such policy shall insure Lessee’s contractual liability to Lessor contained in this Agreement (with a Breach of Warranty endorsement). The geographic limits, if any, contained in each and every such policy of insurance shall include at the minimum all territories over which Lessee will operate the Aircraft for which the insurance is placed. Each policy shall contain an agreement by the insurer that notwithstanding the lapse of any such policy for any reason or any right of cancellation by the insurer or LessorLessee, whether voluntary or involuntary, such policy shall continue in force for the benefit of Lessor for at least thirty (30) days (or such lesser time as may be permitted in the case of War Risk Insurance, if such War Risk Insurance so requires) after written notice of such lapse or cancellation shall have been given by insured to Lessor. Each policy shall contain an agreement by the Insurer to provide Lessor with thirty (30) days’ advance written notice of any deletion, cancellation or material change in coverage. Each policy shall contain a waiver by the underwriter thereof of any right of subrogation against Lessor.