Common use of Notice of War Risk Insurance Claim Clause in Contracts

Notice of War Risk Insurance Claim. Lessee shall give Lessor prompt written notice of the occurrence of any loss, damage or casualty affecting any Aircraft, any Airframe, any Engine or any Part which is likely to result in a claim being made under the War Risk Insurance required to be maintained under Section 10 and shall take immediate action to increase any fleet limitation (including automatic reinstatement) applicable to such war risk coverage to the level (including automatic reinstatement) that existed immediately prior to such event of loss, damage or casualty.

Appears in 2 contracts

Samples: Aircraft Lease Agreement (Virgin America Inc.), Aircraft Lease Agreement (Virgin America Inc.)

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Notice of War Risk Insurance Claim. The Lessee shall give the Lessor prompt and the Loan Trustee immediate written notice of the occurrence of any loss, damage or casualty affecting any the Aircraft, any the Airframe, any Engine or any Part which is likely to result in a claim being made under the War Risk Insurance war risk insurance required to be maintained under Section 10 and shall take immediate action to increase any fleet limitation (including automatic reinstatement) applicable to such war risk coverage to the level (including automatic reinstatement) that existed immediately prior to such event of loss, damage or casualty.

Appears in 1 contract

Samples: Lease Agreement (Latam Airlines Group S.A.)

Notice of War Risk Insurance Claim. The Lessee shall give the Lessor prompt immediate written notice of the occurrence of any loss, damage or casualty affecting any the Aircraft, any the Airframe, any Engine or any Part which is likely to result in a claim being made under the War Risk Insurance war risk insurance required to be maintained under Section 10 and shall take immediate action to increase any fleet limitation (including automatic reinstatement) applicable to such war risk coverage to the level (including automatic reinstatement) that existed immediately prior to such event of loss, damage or casualty.

Appears in 1 contract

Samples: Lease Agreement (Latam Airlines Group S.A.)

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Notice of War Risk Insurance Claim. Lessee shall give Lessor prompt written notice of the occurrence of any loss, damage or casualty affecting any the Aircraft, any the Airframe, any Engine or any Part which is likely to result in a claim being made under the War Risk Insurance required to be maintained under Section 10 and shall take immediate action to increase any fleet limitation (including automatic reinstatement) applicable to such war risk coverage to the level (including automatic reinstatement) that existed immediately prior to such event of loss, damage or casualty.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Virgin America Inc.)

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