Common use of Insurance for Own Account Clause in Contracts

Insurance for Own Account. Nothing in Section 4.06 shall limit or prohibit (a) Owner from maintaining the policies of insurance required under Annex B with higher limits than those specified in Annex B, or (b) Mortgagee from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by Owner pursuant to this Section 4.06 and Annex B.

Appears in 31 contracts

Samples: Note Purchase Agreement (United Airlines, Inc.), Note Purchase Agreement (United Airlines, Inc.), Trust Indenture and Mortgage (Continental Airlines Inc /De/)

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Insurance for Own Account. Nothing in Section 4.06 shall limit or prohibit (a) Owner from maintaining the policies of insurance required under Annex B with higher limits than those specified in Annex B, or (b) Mortgagee from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); providedPROVIDED, howeverHOWEVER, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by Owner pursuant to this Section 4.06 and Annex B.

Appears in 10 contracts

Samples: Continental Airlines Inc /De/, Continental Airlines Inc /De/, Continental Airlines Inc /De/

Insurance for Own Account. Nothing in Section 4.06 shall limit or prohibit (a) Owner from maintaining the policies of insurance required under Annex B with higher limits than those specified in Annex B, or (b) Mortgagee Indenture Trustee from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by the Owner pursuant to this Section 4.06 and Annex B.

Appears in 6 contracts

Samples: Trust Indenture and Security Agreement (Us Airways Inc), Trust Indenture and Security Agreement (Us Airways Inc), Trust Indenture and Security Agreement (Us Airways Inc)

Insurance for Own Account. Nothing in this Section 4.06 3.06 shall limit or prohibit (a) Owner the Company from maintaining the policies of insurance required under Annex B with higher limits coverage than those specified in Annex B, or (b) Mortgagee the Collateral Agent or any other Additional Insured from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by Owner the Company pursuant to this Section 4.06 3.06 and Annex B.

Appears in 4 contracts

Samples: Revolving Credit Facility Agreement (Southwest Airlines Co), Mortgage and Security Agreement (Ual Corp /De/), Mortgage and Security Agreement (United Air Lines Inc)

Insurance for Own Account. Nothing in Section 4.06 3.06 shall limit or prohibit (a) Owner the Company from maintaining the policies of insurance required under Annex B with higher limits coverage than those specified in Annex B, or (b) Mortgagee the Collateral Agent or any other Additional Insured from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by Owner the Company pursuant to this Section 4.06 3.06 and Annex B.

Appears in 3 contracts

Samples: Mortgage and Security Agreement (Ual Corp /De/), Mortgage and Security Agreement (United Air Lines Inc), Mortgage and Security Agreement (Southwest Airlines Co)

Insurance for Own Account. Nothing in this Section 4.06 3.06 shall limit or prohibit (a) Owner the Company from maintaining the policies of insurance required under Annex B with higher limits coverage than those specified in Annex B, or (b) Mortgagee the Collateral Agent or any other Additional Insured from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by Owner the Company pursuant to this Section 4.06 3.06 and Annex B.B. [A Mortgage and Security Agreement]

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Ual Corp /De/), Mortgage and Security Agreement (United Air Lines Inc)

Insurance for Own Account. Nothing in this Section 4.06 2.05 shall limit or prohibit (a) the Owner from maintaining the policies of insurance required under Annex B A with higher limits than those specified in Annex BA, or (b) Mortgagee or any Additional Insured from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by the Owner pursuant to this Section 4.06 2.05 and Annex B.A.

Appears in 2 contracts

Samples: Spare Engines Security Agreement (United Airlines, Inc.), Spare Parts Security Agreement (United Airlines, Inc.)

Insurance for Own Account. Nothing in Section 4.06 2.06 shall limit or prohibit (a) Owner from maintaining the policies of insurance required under Annex B Exhibit F with higher limits than those specified in Annex BExhibit F, or (b) Mortgagee from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by Owner pursuant to this Section 4.06 2.06 and Annex B.Exhibit F.

Appears in 2 contracts

Samples: Aircraft Mortgage and Security Agreement (Wheels Up Experience Inc.), Aircraft Mortgage and Security Agreement (Wheels Up Experience Inc.)

Insurance for Own Account. Nothing in Section 4.06 3.06 shall limit or prohibit (ai) Owner the Borrower from maintaining the policies of insurance required under Annex B with higher limits coverage than those specified in Annex B, or (bii) Mortgagee the Administrative Agent or any other Additional Insured from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by Owner the Borrower pursuant to this Section 4.06 3.06 and Annex B.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (United Airlines, Inc.), Mortgage and Security Agreement (United Airlines, Inc.)

Insurance for Own Account. Nothing in this Section 4.06 2.05 shall limit or prohibit (a) Owner from maintaining the policies of insurance required under Annex B A with higher limits than those specified in Annex BA, or (b) Mortgagee or any Additional Insured from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by Owner pursuant to this Section 4.06 2.05 and Annex B.A.

Appears in 2 contracts

Samples: Spare Engines Security Agreement (United Airlines, Inc.), Spare Engines Security Agreement (United Airlines, Inc.)

Insurance for Own Account. Nothing in Section 4.06 shall limit or prohibit (a) Owner from maintaining the policies of insurance required under Annex B with higher limits than those specified in Annex B, or (b) Mortgagee or any Additional Insured from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by Owner pursuant to this Section 4.06 and Annex B.

Appears in 1 contract

Samples: Spare Engines Security Agreement (United Airlines, Inc.)

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Insurance for Own Account. Nothing in this Section 4.06 3.06 shall limit or prohibit (ai) Owner the Borrower from maintaining the policies of insurance required under Annex B with higher limits coverage than those specified in Annex B, or (bii) Mortgagee the Administrative Agent or any other Additional Insured from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by Owner the Borrower pursuant to this Section 4.06 3.06 and Annex B.

Appears in 1 contract

Samples: Mortgage and Security Agreement (United Airlines, Inc.)

Insurance for Own Account. Nothing in Section (S) 4.06 shall limit or prohibit (a) Owner from maintaining the policies of insurance required under Annex B with higher limits than those specified in Annex B, or (b) Mortgagee from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of or increase the cost of any insurance required to be obtained or maintained by Owner pursuant to this Section (S) 4.06 and Annex B.

Appears in 1 contract

Samples: Note Purchase Agreement (Airtran Holdings Inc)

Insurance for Own Account. Nothing in this Section 4.06 4.09(a) shall limit or prohibit (a) the Owner from maintaining the policies of insurance required under Annex B with higher limits than those specified in Annex B, B or (b) the Mortgagee or any Additional Insured from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by the Owner pursuant to this Section 4.06 4.09(a) and Annex B.

Appears in 1 contract

Samples: Jetblue Airways Corp

Insurance for Own Account. Nothing in this Section 4.06 4.09(a) shall limit or prohibit (a) the Owner from maintaining the policies of insurance required under Annex B with higher limits than those specified in Annex B, or (b) the Mortgagee or any Additional Insured from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by the Owner pursuant to this Section 4.06 4.09(a) and Annex B.

Appears in 1 contract

Samples: Trust Indenture and Mortgage (Continental Airlines Inc /De/)

Insurance for Own Account. Nothing in Section 4.06 shall limit or prohibit (a) Owner from maintaining the policies of insurance required under Annex B with higher limits than those specified in Annex B, or (b) Mortgagee from obtaining insurance for its own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance 49 57 may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by Owner pursuant to this Section 4.06 and Annex B.

Appears in 1 contract

Samples: Continental Airlines Inc /De/

Insurance for Own Account. Nothing in Section 4.06 shall limit or prohibit (a) Owner from maintaining the policies of insurance required under Annex B with higher limits than those specified in Annex B, or (b) Mortgagee from obtaining insurance for its BACK own account (and any proceeds payable under such separate insurance shall be payable as provided in the policy relating thereto); provided, however, that no insurance may be obtained or maintained that would limit or otherwise adversely affect the coverage of any insurance required to be obtained or maintained by Owner pursuant to this Section 4.06 and Annex B.

Appears in 1 contract

Samples: Note Purchase Agreement (Continental Airlines Inc /De/)

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