Common use of Reports and Certificates; Other Information Clause in Contracts

Reports and Certificates; Other Information. On or prior to the Closing Date and on or prior to each renewal date of the insurance policies required hereunder, Owner(or Permitted Lessee) will furnish or cause to be furnished to Mortgagee insurance certificates describing in reasonable detail the insurance maintained by Owner (or Permitted Lessee) hereunder and a report, signed by Owner’s (or Permitted Lessee’s) regularly retained independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that (a) all premiums in connection with such insurance then due have been paid and (b) such insurance complies with the terms of this Annex B, except that such opinion shall not be required with respect to war risk insurance or indemnity provided by the U.S. Government. To the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) will also cause the Insurance Broker to agree to advise Mortgagee in writing of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft or Engines required hereunder or cause the cancellation or termination of such insurance, and to advise Mortgagee in writing at least thirty (30) days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B.

Appears in 11 contracts

Samples: Note Purchase Agreement (United Airlines, Inc.), Note Purchase Agreement (Sun Country Airlines Holdings, Inc.), Note Purchase Agreement (Hawaiian Holdings Inc)

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Reports and Certificates; Other Information. On or prior to the Closing Date and on or prior to each renewal date of the insurance policies required hereunder, Owner(or Permitted Lessee) Owner will furnish or cause to be furnished to Mortgagee insurance certificates describing in reasonable detail the insurance maintained by Owner (or Permitted Lessee) hereunder and a report, signed by Owner’s (or Permitted Lessee’s) regularly retained independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that (a) all premiums in connection with such insurance then due have been paid and (b) such insurance complies with the terms of this Annex B, except that such opinion shall not be required with respect to war risk insurance or indemnity provided by the U.S. GovernmentFAA. To the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) will also cause the Insurance Broker to agree to advise Mortgagee in writing of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft or Engines required hereunder or cause the cancellation or termination of such insurance, and to advise Mortgagee in writing at least thirty (30) days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B.

Appears in 3 contracts

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

Reports and Certificates; Other Information. On or prior to the Closing Date and on or prior to each renewal date of the insurance policies required hereunder, Owner(or Permitted Lessee) Owner will furnish or cause to be furnished to Mortgagee insurance certificates describing in reasonable detail the insurance maintained by Owner (or Permitted Lessee) hereunder and a report, signed by Owner’s (or Permitted Lessee’s) regularly retained independent insurance broker (the “Insurance BACK Broker”), stating the opinion of such Insurance Broker that (a) all premiums in connection with such the insurance then due have been paid and (b) such insurance complies with the terms of this Annex B, except that such opinion shall not be required with respect to war risk insurance or indemnity provided by the U.S. GovernmentFAA. To the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) will also cause the Insurance Broker to agree to advise Mortgagee in writing of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft or Engines required hereunder or cause the cancellation or termination of such insurance, and to advise Mortgagee in writing at least thirty (30) 30 days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B.

Appears in 2 contracts

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

Reports and Certificates; Other Information. On or prior to the Closing Date closing date and on or prior to each renewal date of the insurance policies required hereunder, Owner(or Owner (or Permitted Lessee) will furnish or cause to be furnished to Mortgagee insurance certificates describing in reasonable detail the insurance maintained by Owner (or Permitted Lessee) hereunder and a report, signed by Owner’s (or Permitted Lessee’s) regularly retained independent insurance broker (the “Insurance Brokerinsurance broker”), stating the opinion of such Insurance Broker insurance broker that (a) all premiums in connection with such insurance then due have been paid and (b) such insurance complies with the terms of this Annex BExhibit F, except that such opinion shall not be required with respect to war risk insurance or indemnity provided by the U.S. Governmentgovernment. To the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) will also cause the Insurance Broker insurance broker to agree to advise Mortgagee in writing of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft aircraft or Engines engines required hereunder or cause the cancellation or termination of such insurance, and to advise Mortgagee in writing at least thirty (30) days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this 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.)

Reports and Certificates; Other Information. On or prior to the Closing Date and on or prior to each renewal date of the insurance policies required hereunder, Owner(or Owner (or Permitted Lessee) will furnish or cause to be furnished to Mortgagee insurance certificates describing in reasonable detail the insurance maintained by Owner (or Permitted Lessee) hereunder and a report, signed by Owner’s (or Permitted Lessee’s) regularly retained independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that (a) all premiums in connection with such insurance then due have been paid and (b) such insurance complies with the terms of this Annex B, except that such opinion shall not be required with respect to war risk insurance or indemnity provided by the U.S. Government. To the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) will also cause the Insurance Broker to agree to advise Mortgagee in writing of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft or Engines required hereunder or cause the cancellation or termination of such insurance, and to advise Mortgagee in writing at least thirty (30) days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B.

Appears in 2 contracts

Samples: Note Purchase Agreement (United Airlines, Inc.), Note Purchase Agreement (United Airlines, Inc.)

Reports and Certificates; Other Information. On Borrower will furnish to Certificate Holders and Indenture Trustee (A) on or prior to the Closing Date and on or prior to each renewal date of the insurance policies required hereunderDate, Owner(or Permitted Lessee) will furnish or cause to be furnished to Mortgagee insurance certificates describing in reasonable detail the insurance maintained by Owner Borrower as required pursuant to this Annex B, (B) prior to the cancellation, lapse or Permitted Lesseeexpiration of the insurance policies required pursuant to this Annex B, evidence of renewal of such insurance policies, and (C) hereunder on or prior to the Closing Date and on or before the renewal dates of the insurance policies carried by Borrower pursuant to this Annex B, a report, report signed by Owner’s (or Permitted Lessee’s) a firm of aircraft insurance brokers, not affiliated with Borrower, regularly retained independent insurance broker (by the “Insurance Broker”)Borrower, stating the opinion of such Insurance Broker firm that (a) all premiums in connection with such the insurance then due have been paid and (b) such the insurance then carried and maintained on the Aircraft complies with the terms hereof and, in the case of this Annex Brenewal insurance, except that such opinion shall not be required renewal insurance will on and after the effective date thereof so comply with respect the terms hereof. Borrower will instruct such firm to war risk insurance or indemnity provided by the U.S. Government. To the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) will also cause the Insurance Broker give prompt written advice to agree to advise Mortgagee in writing Certificate Holders and Indenture Trustee of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) Borrower of which it has knowledge and which might would in such firm’s opinion invalidate or render unenforceable, in whole or in any material part, any insurance on the Aircraft or Engines required hereunder or cause the cancellation or termination of Aircraft. Borrower will also instruct such insurance, and firm to advise Mortgagee Certificate Holders and Indenture Trustee in writing at least thirty 30 days prior to the termination or cancellation of, or material adverse change in, such insurance carried and maintained on the Aircraft pursuant to this Annex B (30) days (seven (7) days or such lesser period as may be applicable in the case of war-risk war risk, hijacking and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B.coverage).

Appears in 2 contracts

Samples: Loan Agreement (Pinnacle Airlines Corp), Loan Agreement (Pinnacle Airlines Corp)

Reports and Certificates; Other Information. On or prior to the Closing Applicable Date with respect to each Spare Engine, and on or prior to each renewal date of the insurance policies required hereunder, Owner(or the Owner (or Permitted Lessee) will furnish or cause to be furnished to Mortgagee insurance certificates describing in reasonable detail the insurance maintained by the Owner (or Permitted Lessee) hereunder and a report, signed by the Owner’s (or Permitted Lessee’s) regularly retained independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that such insurance (a) all premiums is in connection with full force and effect on such insurance then due have been paid Spare Engine and (b) such insurance complies with the terms of this Annex BA, except that such opinion shall not be required with respect to war risk insurance or indemnity provided by the U.S. Government. To the extent such agreement is reasonably obtainable the Owner (or Permitted Lessee) will also cause the Insurance Broker to agree to advise Mortgagee in writing of any default in the payment of any premium and of any other act or omission on the part of the Owner (or Permitted Lessee) of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft or Spare Engines required hereunder or cause the cancellation or termination of such insurance, and to advise Mortgagee in writing at least thirty (30) days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B.A.

Appears in 2 contracts

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

Reports and Certificates; Other Information. On or prior to the Closing Delivery Date and on or prior to each renewal date of the its insurance policies required hereunderpolicies, Owner(or Permitted Lessee) Lessee will furnish or cause to be furnished to Mortgagee Lessor insurance certificates describing in reasonable detail the hull and liability insurance maintained by Owner (or Permitted Lesseeand property insurance for detached Engines and Parts) hereunder and a report, signed by Owner’s (or Permitted Lessee’s) regularly retained independent a nationally recognized insurance broker (the "Insurance Broker"), stating the opinion of such Insurance Broker that (a) all premiums in connection with such the insurance then due have been paid and paid, (b) such insurance complies with the terms of this Annex BD, except and (c) such insurance provides coverage against risks that such opinion shall not be required with respect to war risk insurance or indemnity provided are customarily insured against by the U.S. Governmentmajor United States commercial air carriers. To the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) will also cause the Such Insurance Broker to shall further agree to advise Mortgagee Lessor in writing of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) Lessee of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft or Engines required hereunder or cause the cancellation or termination of such insurance, and to advise Mortgagee Lessor in writing at least thirty (30) 30 days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B.D. The Additional Insureds shall also be entitled to such other information as they may reasonably request of Lessee, the Approved Insurers or the Insurance Broker from time to time with respect to the insurances to be provided hereunder.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Vanguard Airlines Inc \De\)

Reports and Certificates; Other Information. On The Borrower will furnish to the Lender and the Security Trustee (A) on or prior to the Closing Relevant Borrowing Date and on or prior to each renewal date of the insurance policies required hereunderfor an Aircraft, Owner(or Permitted Lessee) will furnish or cause to be furnished to Mortgagee insurance certificates describing in reasonable detail the insurance maintained by Owner the Borrower as required pursuant to this Annex C with respect to such Aircraft, (B) prior to the cancellation, lapse or Permitted Lessee) hereunder expiration of the insurance policies required pursuant to this Annex C, evidence of renewal of such insurance policies, and a reportcopy of the renewed or new insurance policies with all endorsements not later than 30 days after any such cancellation, lapse or expiration, and (C) on or prior to the Relevant Borrowing Date for an Aircraft and on or before the renewal dates of the insurance policies carried by the Borrower pursuant to this Annex C, a report signed by Owner’s (or Permitted Lessee’s) a firm of aircraft insurance brokers, not affiliated with the Borrower, regularly retained independent insurance broker (by the “Insurance Broker”)Borrower, stating the opinion of such Insurance Broker firm that (a) all premiums in connection with such the insurance then due have been paid and (b) the insurance then carried and maintained on such insurance Aircraft complies with the terms hereof and, in the case of this Annex Brenewal insurance, that such renewal insurance will on and after the effective date thereof so comply with the terms hereof (except that such opinion shall not be required with respect to war risk insurance or indemnity provided by the U.S. GovernmentFAA), provided that all information contained in such report shall be held confidential by the Lender and the Security Trustee and their respective agents (provided that they shall agree for the benefit of the Borrower to hold all such information similarly confidential) or as may be required by Applicable Law. To The Borrower will instruct such firm to give prompt written advice to the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) will also cause Lender and the Insurance Broker to agree to advise Mortgagee in writing Security Trustee of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) the Borrower of which it has knowledge and which might would in such firm's opinion invalidate or render unenforceable, in whole or in any material part, any insurance on the Aircraft or Engines required hereunder or cause the cancellation or termination of any Aircraft. The Borrower will also instruct such insurance, and firm to advise Mortgagee the Lender and the Security Trustee in writing at least thirty 30 days prior to the termination or cancellation of, or material adverse change in, such insurance carried and maintained on any Aircraft pursuant to this Annex C (30) days (seven (7) days or such lesser period as may be applicable in the case of war-risk war risk, hijacking and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B.coverage).

Appears in 1 contract

Samples: Aircraft Security Agreement (Republic Airways Holdings Inc)

Reports and Certificates; Other Information. On or prior to the Closing Date and on or prior to each renewal date of the insurance policies required hereunder, Owner(or Permitted Lessee) Owner will furnish or cause to be furnished to Mortgagee insurance certificates describing in reasonable detail the insurance maintained by Owner (or Permitted Lessee) hereunder and a report, signed by Owner’s (or Permitted Lessee’s) regularly retained independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that (a) all premiums in connection with such the insurance then due have been paid and (b) such insurance complies with the terms of this Annex B, except that such opinion shall not be required with respect to war risk insurance or indemnity provided by the U.S. GovernmentFAA. To the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) will also cause the Insurance Broker to agree to advise Mortgagee in writing of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft or Engines required hereunder or cause the cancellation or termination of such insurance, and to advise Mortgagee in writing at least thirty (30) 30 days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B.

Appears in 1 contract

Samples: Trust Indenture and Mortgage N259wn (Southwest Airlines Co)

Reports and Certificates; Other Information. On or prior to the Closing Date Date, and on or prior to each renewal date of the insurance policies required hereunder, Owner(or Permitted Lessee) each applicable Grantor will furnish or cause to be furnished to Mortgagee the Collateral Agent insurance certificates describing in reasonable detail the commercial insurance maintained by Owner (or Permitted Lessee) hereunder the applicable Grantors hereunder, together with endorsements satisfactory to the Collateral Agent and the Appropriate Party designating the Secured Parties as loss payees and additional insureds with respect to the Spare Parts Assets constituting Collateral and with a report, signed by Owner’s (or Permitted Lessee’s) the applicable Grantors’ regularly retained independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that (a) all premiums in connection with such the commercial insurance then due have been paid and (b) such insurance complies with the terms of this Annex B, except that such opinion shall not be required with respect to war risk insurance or indemnity provided by the U.S. Government. Appendix I. To the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) obtainable, the applicable Grantors will also cause the Insurance Broker to agree to advise Mortgagee the Secured Parties in writing of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) the applicable Grantors of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any commercial insurance on the Aircraft or Engines required hereunder such Spare Parts Assets or cause the cancellation or termination of such insurance, and to advise Mortgagee the Secured Parties in writing at least thirty (30) days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse cancellation or material adverse change of any commercial insurance maintained pursuant to this Annex B.Appendix I.

Appears in 1 contract

Samples: Patent Security Agreement (Sun Country Airlines Holdings, Inc.)

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Reports and Certificates; Other Information. On or prior to the Closing Applicable Date with respect to each Airframe and Engine, and on or prior to each renewal date of the insurance policies required hereunder, Owner(or Permitted Lessee) Borrower will furnish or cause to be furnished to Mortgagee Administrative Agent insurance certificates describing in reasonable detail the commercial insurance maintained by Owner Borrower hereunder (or or, if a Permitted LesseeLease is then in effect, maintained by Permitted Lessee under such Permitted Lease) hereunder and a report, signed by OwnerBorrower’s (or or, if a Permitted Lease is then in effect, Permitted Lessee’s) regularly retained independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that (a) all premiums in connection with such the commercial insurance then due have been paid and (b) such insurance complies with the terms of this Annex BB (or, if a Permitted Lease is then in effect, complies with the insurance requirements of such Permitted Lease so long as Borrower shall have provided to the Administrative Agent a certificate that sets forth a representation and warranty of Borrower that the insurance requirements of such Permitted Lease comply with the insurance requirements of Section 3.06), except that such opinion shall not be required with respect to war war-risk insurance or indemnity provided by the U.S. Government. To the extent such agreement is reasonably obtainable Owner Borrower (or Permitted Lessee) will also cause the Insurance Broker to agree to advise Mortgagee the Secured Parties in writing of any default in the payment of any premium and of any other act or omission on the part of Owner Borrower (or Permitted Lessee) of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any commercial insurance on the Aircraft such Airframe or Engines required hereunder Engine or cause the cancellation or termination of such insurance, and to advise Mortgagee the Secured Parties in writing at least thirty (30) 30 days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse cancellation or material adverse change of any commercial insurance maintained pursuant to this Annex B.

Appears in 1 contract

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

Reports and Certificates; Other Information. On or prior to the Closing Date or on the date of delivery of any Pledge Supplement with respect to each Airframe and Engine constituting Collateral, and on or prior to each renewal date of the insurance policies required hereunder, Owner(or Permitted Lessee) the applicable Grantor will furnish or cause to be furnished to Mortgagee the Collateral Agent insurance certificates describing in reasonable detail the commercial insurance maintained by Owner (or Permitted Lessee) the applicable Grantor hereunder and a report, signed by Ownerthe applicable Grantor’s (or Permitted Lessee’s) regularly retained independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that (a) all premiums in connection with such the commercial insurance then due have been paid and (b) such insurance complies with the terms of this Annex B, except that such opinion shall not be required with respect to war risk insurance or indemnity provided by the U.S. Government. Appendix I. To the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) the applicable Grantor will also cause the Insurance Broker to agree to advise Mortgagee the Secured Parties in writing of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) the applicable Grantor of which it has knowledge and which might invalidate or render 1" = "1" "WEIL:\97571225\8\13173.0005" "" WEIL:\97571225\8\13173.0005 unenforceable, in whole or in part, any commercial insurance on the Aircraft such Airframe or Engines required hereunder Engine or cause the cancellation or termination of such insurance, and to advise Mortgagee the Secured Parties in writing at least thirty (30) days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse cancellation or material adverse change of any commercial insurance maintained pursuant to this Annex B.Appendix I.

Appears in 1 contract

Samples: Security Agreement (Alaska Air Group, Inc.)

Reports and Certificates; Other Information. On or prior to the Closing Date or on the date of delivery of any Pledge Supplement with respect to each Airframe and Engine constituting Collateral, and on or prior to each renewal date of the insurance policies required hereunder, Owner(or Permitted Lessee) the applicable Grantor will furnish or cause to be furnished to Mortgagee the Collateral Agent insurance certificates describing in reasonable detail the commercial insurance maintained by Owner (or Permitted Lessee) the applicable Grantor hereunder and a report, signed by Ownerthe applicable Grantor’s (or Permitted Lessee’s) regularly retained independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that (a) all premiums in connection with such the commercial insurance then due have been paid and (b) such insurance complies with the terms of this Annex B, except that such opinion shall not be required with respect to war risk insurance or indemnity provided by the U.S. Government. Appendix I. To the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) the applicable Grantor will also cause the Insurance Broker to agree to advise Mortgagee the Secured Parties in writing of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) the applicable Grantor of which it has knowledge and which might invalidate or render 1" = "1" "WEIL:\97602794\8\13173.0005" "" WEIL:\97602794\8\13173.0005 unenforceable, in whole or in part, any commercial insurance on the Aircraft such Airframe or Engines required hereunder Engine or cause the cancellation or termination of such insurance, and to advise Mortgagee the Secured Parties in writing at least thirty (30) days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse cancellation or material adverse change of any commercial insurance maintained pursuant to this Annex B.Appendix I.

Appears in 1 contract

Samples: Security Agreement (Alaska Air Group, Inc.)

Reports and Certificates; Other Information. On or prior to the Closing Applicable Date with respect to each Airframe and Engine, and on or prior to each renewal date of the insurance policies required hereunder, Owner(or Permitted Lessee) Borrower will furnish or cause to be furnished to Mortgagee Administrative Agent insurance certificates describing in reasonable detail the commercial insurance maintained by Owner Borrower hereunder (or or, if a Permitted LesseeLease is then in effect, maintained by Permitted Lessee under such Permitted Lease) hereunder and a report, signed by OwnerBorrower’s (or or, if a Permitted Lease is then in effect, Permitted Lessee’s) regularly retained independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that (a) all premiums in connection with such the commercial insurance then due have been paid and (b) such insurance complies with the terms of this Annex B, except that such opinion shall not be required with respect to war war-risk insurance or indemnity provided by the U.S. Government; provided that, if a Permitted Lease is then in effect, such report shall not be separately required except as, and to the extent, previously delivered by the Permitted Lessee’s Insurance Broker in connection with such Permitted Lease; provided further that the Borrower shall be responsible for ensuring compliance with the insurance requirements of Section 3.06). To the extent such agreement is reasonably obtainable Owner Borrower (or Permitted Lessee) will also cause the Insurance Broker to agree to advise Mortgagee the Secured Parties in writing of any default in the payment of any premium and of any other act or omission on the part of Owner Borrower (or Permitted Lessee) of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any commercial insurance on the Aircraft such Airframe or Engines required hereunder Engine or cause the cancellation or termination of such insurance, and to advise Mortgagee the Secured Parties in writing at least thirty (30) 30 days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse cancellation or material adverse change of any commercial insurance maintained pursuant to this Annex B.

Appears in 1 contract

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

Reports and Certificates; Other Information. On or prior to the Closing Applicable Date with respect to each Airframe and Engine, and on or prior to each renewal date of the insurance policies required hereunder, Owner(or Owner (or Permitted Lessee) will furnish or cause to be furnished to Mortgagee insurance certificates describing in reasonable detail the insurance maintained by Owner (or Permitted Lessee) hereunder and a report, signed by Owner’s (or Permitted Lessee’s) regularly retained independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that such insurance (a) all premiums is in connection with full force and effect on such insurance then due have been paid Aircraft, Airframe or Engine and (b) such insurance complies with the terms of this Annex B, except that such opinion shall not be required with respect to war risk insurance or indemnity provided by the U.S. Government. To the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) will also cause the Insurance Broker to agree to advise Mortgagee in writing of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft or Engines required hereunder or cause the cancellation or termination of such insurance, and to advise Mortgagee in writing at least thirty (30) days (seven (7) days in the case of war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B.

Appears in 1 contract

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

Reports and Certificates; Other Information. On Lessee will furnish to the Lessor, the Owner Participant and Security Trustee (A) on or prior to the Closing Date and on or prior to each renewal date of the insurance policies required hereunderDelivery Date, Owner(or Permitted Lessee) will furnish or cause to be furnished to Mortgagee insurance certificates describing in reasonable detail the insurance maintained by Owner Lessee as required pursuant to this Annex D, (B) prior to the cancellation, lapse or Permitted Lesseeexpiration of the insurance policies required pursuant to this Annex D, evidence of renewal of such insurance policies, and (C) hereunder on or prior to the Delivery Date and on or before the renewal dates of the insurance policies carried by the Lessee pursuant to this Annex D, a report, report signed by Owner’s (or Permitted a firm of aircraft insurance brokers, not affiliated with the Lessee’s) , regularly retained independent insurance broker (by the “Insurance Broker”)Lessee, stating the opinion of such Insurance Broker firm that (a) all premiums in connection with such the insurance then due have been paid and (b) such the insurance then carried and maintained on the Aircraft complies with the terms hereof and, in the case of this Annex Brenewal insurance, except that such opinion renewal insurance will on and after the effective date thereof so comply with the terms hereof, PROVIDED that all information contained in such report shall not be held confidential by the Lessor, the Owner Participant and Security Trustee and their respective agents (PROVIDED that they shall agree for the benefit of the Lessee to hold all such information similarly confidential) or as may be required with respect by Applicable Law. The Lessee will instruct such firm to war risk insurance or indemnity provided by give prompt written advice to the U.S. Government. To the extent such agreement is reasonably obtainable Lessor, Owner (or Permitted Lessee) will also cause the Insurance Broker to agree to advise Mortgagee in writing Participant and Security Trustee of any default in the payment of any premium and of any other act or omission on the part of Owner (or Permitted Lessee) the Lessee of which it has knowledge and which might would in such firm's opinion invalidate or render unenforceable, in whole or in any material part, any insurance on the Aircraft or Engines required hereunder or cause the cancellation or termination of Aircraft. The Lessee will also instruct such insurance, and firm to advise Mortgagee the Lessor, the Owner Participant and Security Trustee in writing at least thirty 30 days prior to the termination or cancellation of, or material adverse change in, such insurance carried and maintained on the Aircraft pursuant to this Annex D (30) days (seven (7) days or such lesser period as may be applicable in the case of war-risk war risk, hijacking and allied perils coverage and ten (10) days in the case of nonpayment of premium, or such shorter period as may be available in the international insurance market, as the case may be) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B.coverage).

Appears in 1 contract

Samples: Lease Agreement (Republic Airways Holdings Inc)

Reports and Certificates; Other Information. On or prior to before the Closing Delivery Date and on or prior to before each renewal date of the insurance policies required hereunder, Owner(or Permitted Lessee) Lessee will furnish or cause to be furnished to Mortgagee Lessor and Owner Participant insurance certificates certificates, or other equivalent documentation reasonably satisfactory to Lessor and Owner Participant, describing in reasonable detail the insurance maintained by Owner (or Permitted Lessee) hereunder and a report, signed by OwnerLessee’s (or a Permitted Lessee’s) regularly retained Sublessee’s regular independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that (a1) all premiums in connection with such for the insurance then due have been paid paid, and (b2) such insurance complies with the terms of this Annex BD. At any time, except but not more than once a year, Lessor may request, and Lessee will cause its Insurance Broker to render, a report stating that in the opinion of such opinion shall not be required broker Lessee’s insurance coverages comply with this Annex D and confirming that all premiums in respect to war risk insurance or indemnity provided by the U.S. Governmentthereof have been paid. To the extent such agreement is reasonably obtainable Owner (or Permitted Lessee) Lessee will also cause the Insurance Broker to agree to advise Mortgagee notify Lessor and Owner Participant in writing of any default in the payment of any premium and of any other act or omission on the part of to notify Lessor and Owner (or Permitted Lessee) of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft or Engines required hereunder or cause the cancellation or termination of such insurance, and to advise Mortgagee Participant in writing at least thirty (30) 30 days (seven (7) days in the case of for war-risk and allied perils coverage and ten (10) days in the case of nonpayment of premiumcoverage, or such shorter period therefor as may be available is the longest notice period then obtainable in the international insurance market, as applicable) before the case may be) prior to the cancellation, lapse cancellation or material adverse change Materially Adverse Change of any insurance maintained pursuant to this Annex B.X. Xxxxxx and Owner Participant shall also be entitled to such other information as they may reasonably request of Lessee, the Approved Insurers or the Insurance Broker from time to time with respect to the insurances to be provided hereunder. *** Material has been omitted pursuant to a request for confidential treatment and filed separately with the SEC

Appears in 1 contract

Samples: Lease Agreement N483ha* (Hawaiian Holdings Inc)

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