Common use of Insurers of Recognized Responsibility Clause in Contracts

Insurers of Recognized Responsibility. For the purposes of this Annex B, “insurers of recognized responsibility” shall include independent recognized commercial insurance companies and any captive and/or industry-managed insurance company, in each case of recognized responsibility; provided that if the primary insurers are not insurers of recognized responsibility but the relevant insurance policies are reinsured with insurers of recognized responsibility, the obligation of Owner hereunder to maintain such insurance with insurers of recognized responsibility shall be deemed satisfied if such insurance shall contain a customary “cut-through” endorsement and shall provide that any payment by the reinsurers shall be made notwithstanding any bankruptcy, insolvency or liquidation of the original insurer and/or that the original insurer has made no payment under the original policies. [Trust Indenture and Mortgage (NXXXUA)] EXHIBIT A TO TRUST INDENTURE AND MORTGAGE [NXXXUA] TRUST INDENTURE AND MORTGAGE [NXXXUA] SUPPLEMENT NO. This TRUST INDENTURE AND MORTGAGE [NXXXUA] SUPPLEMENT NO. , dated , (herein called this “Trust Indenture Supplement”) of UNITED AIR LINES, INC., as Owner (the “Owner”).

Appears in 3 contracts

Samples: Trust Indenture and Mortgage (United Air Lines Inc), Trust Indenture and Mortgage (United Air Lines Inc), Trust Indenture and Mortgage (Ual Corp /De/)

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Insurers of Recognized Responsibility. For the purposes of this Annex B, “insurers of recognized responsibility” shall include independent recognized commercial insurance companies and any captive and/or industry-managed insurance company, in each case of recognized responsibility; provided that if the primary insurers are not insurers of recognized responsibility but the relevant insurance policies are reinsured with insurers of recognized responsibility, the obligation of Owner hereunder to maintain such insurance with insurers of recognized responsibility shall be deemed satisfied if such insurance shall contain a customary “cut-through” endorsement and shall provide that any payment by the reinsurers shall be made notwithstanding any bankruptcy, insolvency or liquidation of the original insurer and/or that the original insurer has made no payment under the original policies. [Trust Indenture and Mortgage (NXXXUA)] EXHIBIT A TO TRUST INDENTURE AND MORTGAGE [NXXXUANXXXJB] TRUST INDENTURE AND MORTGAGE [NXXXUANXXXJB] SUPPLEMENT NO. This TRUST INDENTURE AND MORTGAGE [NXXXUANXXXJB] SUPPLEMENT NO. , dated , (herein called this “Trust Indenture Supplement”) of UNITED AIR LINES, INC.JETBLUE AIRWAYS CORPORATION, as Owner (the “Owner”).

Appears in 1 contract

Samples: Trust Indenture and Mortgage (Jetblue Airways Corp)

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Insurers of Recognized Responsibility. For the purposes of this Annex B, “insurers of recognized responsibility” shall include independent recognized commercial insurance companies and any captive and/or industry-managed insurance company, in each case of recognized responsibility; provided that if the primary insurers are not insurers of recognized responsibility but the relevant insurance policies are reinsured with insurers of recognized responsibility, the obligation of Owner hereunder to maintain such insurance with insurers of recognized responsibility shall be deemed satisfied if such insurance shall contain a customary “cut-through” endorsement and shall provide that any payment by the reinsurers shall be made notwithstanding any bankruptcy, insolvency or liquidation of the original insurer and/or that the original insurer has made no payment under the original policies. [Trust Indenture and Mortgage (NXXXUA)] EXHIBIT A TO TRUST INDENTURE AND MORTGAGE [NXXXUANXXXJB] TRUST INDENTURE AND MORTGAGE [NXXXUANXXXJB] SUPPLEMENT NO. .__ This TRUST INDENTURE AND MORTGAGE [NXXXUANXXXJB] SUPPLEMENT NO. , dated , (herein called this “Trust Indenture Supplement”) of UNITED AIR LINES, INC.JETBLUE AIRWAYS CORPORATION, as Owner (the “Owner”).

Appears in 1 contract

Samples: Trust Indenture and Mortgage (Jetblue Airways Corp)

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