Insurance Against Loss or Damage to Aircraft. (i) Except as provided in clause (ii) of this Section 7.06(c), and subject to the rights of Company to establish and maintain self-insurance in the manner and to the extent specified in Section 7.06(d) below, Company shall maintain, or cause to be maintained, in effect with insurers of recognized responsibility, at no expense to Loan Trustee, all-risk aircraft hull insurance covering the Aircraft and all-risk coverage with respect to any Engines or Parts while removed from the Aircraft (including, but not limited to, war risk, hijacking and allied perils insurance, if and to the extent the same is maintained by Company (or, if a Lease is then in effect, by the Permitted Lessee) with respect to other similar aircraft operated by Company or such Permitted Lessee, as the case may be, on the same or similar routes) that is of the type as from time to time applicable to aircraft operated by Company (or, if a Lease is then in effect, by the Permitted Lessee) of the same type as the Aircraft; provided that (A) such insurance (including the permitted self-insurance) shall at all times while the Aircraft is subject to this Indenture be for an amount not less than 110% of the aggregate principal amount of the Equipment Notes outstanding from time to time, (B) such insurance need not cover an Engine while attached to an airframe not owned, leased or operated by Company, and (C) such insurance covering Engines and Parts removed from an Airframe or an airframe or (in the case of Parts) an Engine need be obtained only to the extent available at reasonable cost (as reasonably determined by Company (or Permitted Lessee)). Any policies carried in accordance with this Section 7.06(c) and any policies taken out in substitution or replacement for any such policies shall: (1) provide that any insurance proceeds up to an amount equal to the outstanding principal amount of the Equipment Notes, together with accrued but unpaid interest thereon, plus an amount equal to the interest that would accrue on the outstanding principal amount of the Equipment Notes at the Debt Rate in effect on the date of payment of such insurance proceeds to Loan Trustee (as provided for in this sentence) during the period commencing on the day following the date of such payment to Loan Trustee and ending on the Loss Payment Date (the sum of such three amounts being the “Loan Amount”), payable for any loss or damage constituting an Event of Loss with respect to the Aircraft and any insurance proceed...
Insurance Against Loss or Damage to Aircraft. (i) Except as provided in clause (ii) of this subsection (b), and subject to the rights of Company to establish and maintain self-insurance in the manner and to the extent specified in Section 7.06(c), Company shall maintain, or cause to be maintained, in effect with insurers of recognized responsibility, at no expense to Loan Trustee, all-risk aircraft hull insurance covering the Aircraft and all-risk coverage with respect to any Engines or Parts while removed from the Aircraft (including, without limitation, war risk and allied perils insurance if and to the extent the same is maintained by Company (or, in the case of a lease to a Permitted Lessee, such Permitted Lessee) with respect to other aircraft operated by Company or such Permitted Lessee, as the case may be, on the same or similar routes) that is of the type usually carried by corporations engaged in the same or similar business and similarly situated with Company or such Permitted Lessee, as the case may be; provided that (A) such insurance (including the permitted self-insurance) shall at all times while the Aircraft is subject to this Indenture be for an amount not less than 110% of the aggregate outstanding principal amount of the Equipment Notes from time to time and (B) such insurance need not cover an Engine while attached to an airframe not owned, leased or operated by Company, provided that such Engine is covered by a separate policy of insurance. Any policies carried in accordance with this Section 7.06(b) and any policies taken out in substitution or replacement for any such policies shall (A) provide that (I) any insurance proceeds up to an amount equal to the outstanding principal amount of the Equipment Notes, together with accrued but unpaid interest thereon, plus an amount equal to the interest that would accrue on the outstanding principal amount of the Equipment Notes at the Debt Rate in effect on the date of payment of such insurance proceeds to Loan Trustee (as provided for in this Indenture and Security Agreement (2019-1 EETC) N976JT sentence) during the period commencing on the day following the date of such payment to Loan Trustee and ending on the Loss Payment Date (the sum of such three amounts being the “Loan Amount”), payable for any loss or damage constituting an Event of Loss with respect to the Aircraft, and (II) any insurance proceeds in excess of the Insurance Threshold up to the amount of the Loan Amount for any loss or damage to the Aircraft (or Engines) not cons...
Insurance Against Loss or Damage to Aircraft. (i) Except as provided in clause (ii) of this subsection (b), and subject to the rights of the Company to establish and maintain self-insurance in the manner and to the extent specified in Section 7.06(c), the Company shall maintain, or cause to be maintained, in effect with insurers of recognized responsibility, at no expense to the Loan Trustee, all-risk aircraft hull insurance covering the Aircraft and all-risk coverage with respect to any Engines or Parts while removed from the Aircraft (including, without limitation, war risk and allied perils insurance if and to the extent the same is maintained by the Company (or, in the case of a lease to a Permitted Lessee, such Permitted Lessee) with respect to other aircraft operated by the Company or such Permitted Lessee, as the case may be, on the same or similar routes) that is of the type usually carried by corporations engaged in the same or similar business and similarly situated with the Company or such Permitted Lessee, as the case may be; provided that (A) such insurance (including the permitted self-insurance) shall at all times while the Aircraft is subject to this Indenture be for an amount not less than 110% of the aggregate outstanding principal amount of the Equipment Notes from time to time and (B) such insurance need not cover an Engine while attached to an airframe not owned, leased or operated by the Company, provided that such Engine is covered by a separate policy of insurance. Any policies carried in accordance with this Section 7.06(b) and any policies taken out in substitution or replacement for any such policies shall (A) provide that (I) any insurance proceeds up to an amount equal to the outstanding principal amount of the Equipment Notes, together with accrued but unpaid interest thereon, plus an amount equal to the interest that would accrue on the outstanding principal amount of the Equipment Notes at the Debt Rate in effect on the date of payment of such insurance proceeds to the Loan Trustee (as provided for in this sentence) during the period commencing on the day following the date of such payment to the Loan Trustee and ending on the Loss Payment Date (the sum of such three amounts being the “Loan Amount”), payable for any loss or damage constituting an Event of Loss with respect to the Aircraft, and (II) any insurance proceeds in excess of the amount set forth on Exhibit C up to the amount of the Loan Amount for any loss or damage to the Aircraft (or Engines) not constituting...
Insurance Against Loss or Damage to Aircraft. Lessee shall carry and maintain in effect, at its own expense, with insurers of recognized responsibility and substantial financial capacity acceptable to Lessor in its sole discretion, all-risk ground, flight, taxiing and ingestion aircraft hull insurance on an agreed value basis covering the Aircraft, and all-risk insurance on an agreed value basis with respect to the Engines while not installed in the Aircraft and on a full replacement cost basis with respect to Parts while not installed in the Aircraft, in each case which is of the type and in substantially the amounts usually carried by companies engaged in the same or similar business and similarly situated with Lessee, and shall include war risk insurance (which shall not be restricted to physical loss or damage to the aircraft hull) covering the perils of:
Insurance Against Loss or Damage to Aircraft. Sublessee shall maintain in effect, at its own expense, (i) All Risk Aircraft Hull insurance covering the Aircraft at least against perils customarily included in such insurance, including, without limitation, standard form hijacking coverage and extended "all risk" ground, flight, ingestion and taxiing risks, including, but not limited to, hijacking coverage and extended "all risk" coverage with respect to all Engines, Propellers and Parts while removed from or not installed on the Aircraft, and (ii) whenever the Aircraft is flown outside the United States and Canada, in any recognized, or in Sublessor's, and until delivery of the Release Notice, Lender's, reasonable judgment, threatened area of hostility, aircraft hull war and political risks insurance, on, or equivalent to, the Lloyd's R.J.M. Airline One (1/1/77) wording, covering at least those perils customarily included in such insurance, including without limitation, risks excluded from the All Risks Aircraft Hull Insurance by the terms of Lloyd's Aviation War Exclusion Clause AVN.48B except paragraphs (a) and (b) thereof as in effect on the date hereof, and shall include coverage in respect of hijacking, confiscation, nationalization, seizure, restraint, detention, appropriation, requisition of title or use by or under the order of any Governmental Body. Such insurance shall at all times while the Aircraft is subject to this Sublease be on an "Agreed Value Basis" in each case in amounts not less than the amounts set forth in the Stipulated Loss Value Table, as specified in Schedule 1 to the Sublease Rent Schedule for the Aircraft from time to time (determined using the Base Rent Payment Date immediately preceding the date on which said Event of Loss, occurred, or if such Event of Loss occurred on the Base Rent Payment Date, computed using such Base Rent Payment Date) with no deductible, with respect to a loss which is not a total loss, arranged total loss, or constructive total loss, in excess of $100,000 per occurrence, PROVIDED, HOWEVER, that the Engines, Propellers and Parts while removed from or not installed on the Aircraft shall be included in aircraft spares coverage in an amount satisfactory to Sublessor, Lessor, and until delivery of the Release Notice, Lender, subject to a deductible not greater than $25,000. Any "fleet aggregate" deductible or sub-limits of liability applicable to Sublessee's fleet shall not apply to claim payable under the above insurance.
Insurance Against Loss or Damage to Aircraft. From the Delivery Date of an Item of Equipment until the return thereof to Lessor in compliance with the requirements of Article 13 hereof, Lessee shall bear all risks of loss or damage to such Item of Equipment, no matter how occasioned and from every source 'or cause whatsoever. Lessee shall carry and maintain in effect, at its own expense, with insurers of recognized responsibility and substantial financial capacity acceptable to Lessor in its reasonable discretion, all-risk ground, flight, taxiing and ingestion aircraft hull insurance on an agreed value basis covering the Aircraft, and all-risk insurance on an agreed value basis with respect to the Engines while not installed in the Aircraft and on a full replacement cost basis with respect to Parts while not installed in the Aircraft, in each case which is of the type and in substantially the amounts usually carried by companies engaged in the same or similar business and similarly situated with Lessee, and shall include war risk insurance (which shall not be restricted to physical loss or damage to the aircraft hull) covering the perils of:
Insurance Against Loss or Damage to Aircraft. At its own expense, Sublessee shall maintain in effect with insurers of recognized responsibility and reasonably acceptable to Sublessor all-risk aircraft hull insurance (including flight, taxiing and ingestion coverage) covering the Aircraft and all risk insurance on the Engines and Parts while removed from the Aircraft including war-risk insurance if the Aircraft, the Airframe or any Engine is being operated (i) in any recognized or, in Sublessee's reasonable judgment, threatened area of hostilities, or (ii) on international routes and war risk insurance is customarily maintained by other U.S. air carriers operating on such routes, which war risk insurance shall be of the type and form, and in an amount not less than that, carried by Sublessee on similar equipment owned or Subleased by Sublessee and is in an amount not less than the Stipulated Loss Value. If such war-risk insurance is not so available from private insurers, the Sublessee shall maintain such war risk insurance to the extent available from the United States Government or any agency thereof. With respect to the insurance described in this clause, Sublessee may self-insure, by means of a deductible, franchise or similar provision in such insurance policies, the risk required to be insured against pursuant to the first sentence of this Section 8.2 in accordance with the then current airline industry practice and in an amount not exceeding that which is maintained by Sublessee in accordance with its fleet-wide practice; provided that the amount of such self-insurance with respect to the Aircraft shall not exceed $________ for any one occurrence. Any policies maintained in accordance with this Section 8.2 shall
Insurance Against Loss or Damage to Aircraft. The Loan Parties shall maintain, or cause to be maintained, in effect with insurers of recognized responsibility, at no
Insurance Against Loss or Damage to Aircraft. The Lessee shall, at its own cost and expense, procure or cause to be procured and maintain or cause to be maintained, with insurers of recognized responsibility satisfactory to the Lessor, all risk aircraft hull insurance with respect to the Aircraft, of the type and in substantially the amounts usually carried by corporations engaged in the same or similar business and similarly situated with the Lessee; provided, that such insurance shall at all times be in an amount not less than the Adjusted Acquisition Cost of the Aircraft at such time.
Insurance Against Loss or Damage to Aircraft. (i) Except as provided in clause (ii) of this subsection (b), and subject to the rights of the Company to establish and maintain self-insurance in the manner and to the extent specified in Section 7.06(c), the Company shall maintain, or cause to be maintained, in effect with insurers of recognized responsibility, at no expense to the Loan Trustee, all-risk aircraft hull insurance covering the Aircraft and all-risk coverage with respect to any Engines or Parts while removed from the Aircraft (including, without limitation, war risk insurance if and to the extent the same is maintained by the Company or any Permitted Lessee with respect to other aircraft owned or operated by the Company or such Permitted Lessee, as the case may be, on the same routes) that is of the type and in substantially the amount usually carried by corporations engaged in the same or similar business and similarly situated with the Company; provided that (A) such insurance (including the permitted self-insurance) shall at all times while the Aircraft is subject to this Indenture be for an amount not less than 110% of the aggregate outstanding principal amount of the Equipment Notes from time to time, (B) such insurance need not cover an Engine while attached to an airframe not owned, leased or operated by the Company and
