Common use of Reports, Etc Clause in Contracts

Reports, Etc. The Owner will furnish, or cause to be furnished, to Mortgagee on or before the Closing Date and annually on or before the renewal dates of the Owner’s (or the Permitted Lessee’s) relevant insurance policies, a report, signed by AON Risk Services of Illinois, Inc., or any other recognized independent firm of insurance brokers selected by the Owner, which brokers may be regularly retained by the Owner or any Permitted Lessee (the “Insurance Broker”), describing in reasonable detail the commercial hull and liability insurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that, to its knowledge, such commercial insurance complies with the terms of this Annex B. Such information shall remain confidential as provided in Section 6 of the Participation Agreement. To the extent such agreement is reasonably obtainable, the Owner will cause such Insurance Broker to agree to advise the Mortgagee in writing of any default in the payment of premium and of any other act or omission on the part of the Owner (or any Permitted Lessee) of which it has actual knowledge and which will invalidate or render unenforceable, in whole or in part, any commercial insurance as required by the terms hereof and to advise Mortgagee at least thirty (30) days (seven (7) days in the case of war risk and allied perils insurance and ten (10) days in the case of nonpayment of premium) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B, provided that, if the notice period set forth above is not reasonably obtainable, the Insurance Broker shall provide for such shorter or longer period as may be obtainable in the international insurance market. In the event that the Owner shall fail to maintain or cause to be maintained insurance as herein provided, Mortgagee may, at its sole option, provide such insurance and, in such event, the Owner shall, upon demand, reimburse Mortgagee for the cost thereof.

Reports, Etc. The Owner Company will furnish, or cause to be furnished, to Mortgagee Collateral Agent on or before the Closing Date and annually on or before the renewal dates of the OwnerCompany’s (or the Permitted Lessee’s) relevant insurance policies, a report, signed by AON Risk Services of Illinois, Inc., or any other recognized independent firm of insurance brokers selected by the OwnerCompany, which brokers may be regularly retained by the Owner Company or any Permitted Lessee (the “Insurance Broker”), describing in reasonable detail the commercial hull and liability insurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that, to its knowledge, such commercial insurance complies with the terms of this Annex B. Such information B provided, however, that such opinion shall remain confidential as provided in Section 6 of not be required if the Participation Agreementthen Insurance Broker generally does not provide such an opinion or will provide such an opinion only for material additional cost. To the extent such agreement is reasonably obtainable, the Owner Company will cause such the Insurance Broker to agree to advise the Mortgagee Collateral Agent in writing of any default in the payment of premium and of any other act or omission on the part of the Owner Company (or any Permitted Lessee) of which it has actual knowledge and which will invalidate or render unenforceable, in whole or in part, any commercial insurance as required by the terms hereof or cause the cancellation, termination or interruption of such insurance and to advise Mortgagee Collateral Agent at least thirty (30) days (seven (7) days in the case of war risk and allied perils insurance and ten (10) days in the case of nonpayment of premium) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B, provided that, if the notice period set forth above is not reasonably obtainable, the Insurance Broker shall provide for such shorter or longer period as may be obtainable in the international insurance market. In the event that the Owner Company shall fail to maintain or cause to be maintained insurance as herein provided, Mortgagee Collateral Agent may, at its sole option, provide such insurance and, in such event, the Owner Company shall, upon demand, reimburse Mortgagee Collateral Agent for the cost thereof.

Reports, Etc. The Owner (a) Lessee will furnish, or cause furnish to be furnished, to Mortgagee the Lessor (i) on or before prior to the Closing Delivery Date, insurance certificates describing in reasonable detail the insurance maintained by Lessee as required pursuant to this Article XI, (ii) prior to the cancellation, lapse or expiration of the insurance policies required pursuant to this Article XI, evidence of renewal of such insurance policies, and (iii) on or prior to the Delivery Date and annually on or before the renewal dates of the Owner’s (or insurance policies carried by the Permitted Lessee’s) relevant insurance policiesLessee pursuant to this Article XI, a report, report signed by AON Risk Services of Illinois, Inc., or any other recognized independent a firm of aircraft insurance brokers selected brokers, not affiliated with the Lessee, appointed by the Owner, which brokers may be regularly retained by the Owner or any Permitted Lessee (the “Insurance Broker”), describing in reasonable detail the commercial hull and liability insurance then carried and maintained with respect reasonably satisfactory to the Aircraft and Lessor, stating the opinion of such firm that, to its knowledge, such commercial that all premiums in connection with the insurance then due have been paid and the insurance then carried and maintained on the Aircraft complies with the terms hereof and, in the case of this Annex B. Such renewal insurance, that such 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 remain be held confidential as provided in Section 6 by the Lessor and 37 Beneficiary and shall not be furnished or disclosed by them to anyone except their legal counsel, insurance brokers or advisors, bona fide prospective transferees of the Participation AgreementLessor and Beneficiary 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 by applicable Law. To The Lessee will instruct such firm to give prompt written advice to the extent such agreement is reasonably obtainable, the Owner will cause such Insurance Broker to agree to advise the Mortgagee in writing Lessor of any default in the payment of any premium and of any other act or omission on the part of the Owner (or any Permitted Lessee) Lessee of which it has actual knowledge and which will would in such firm's opinion invalidate or render unenforceable, in whole or in any material part, any commercial insurance as required by on the terms hereof and Aircraft. The Lessee will also instruct such firm to advise Mortgagee the Lessor 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 Article XI (30) days (seven (7) days or such lesser period as may be applicable in the case of war risk and allied perils insurance and ten (10) days in the case of nonpayment of premium) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B, provided that, if the notice period set forth above is not reasonably obtainable, the Insurance Broker shall provide for such shorter or longer period as may be obtainable in the international insurance market. In the event that the Owner shall fail to maintain or cause to be maintained insurance as herein provided, Mortgagee may, at its sole option, provide such insurance and, in such event, the Owner shall, upon demand, reimburse Mortgagee for the cost thereofcoverage).

Reports, Etc. The Owner Borrower will furnish, or cause to be furnished, to Mortgagee the Administrative Agent on or before the Closing Delivery Date and annually on or before the renewal dates of the Owner’s (or the Permitted Lessee’s) Borrower's relevant insurance policies, a report, signed by AON Risk Services of Illinois, Inc., or any other a recognized independent firm of insurance brokers selected by the Ownerbrokers, which brokers may be regularly retained by the Owner or any Permitted Lessee Borrower (the “"Insurance Broker”Brokers"), describing in reasonable detail the commercial hull and liability insurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that, to the best of its knowledge, such commercial insurance complies with the terms of this Annex B. Article VI. Such information shall remain confidential as provided in Section 6 21 of the Participation Credit Agreement. To the extent such agreement is reasonably obtainable, the Owner The Borrower will cause such the Insurance Broker Brokers to agree to advise the Mortgagee Administrative Agent in writing (a) of any default in the payment of premium and of any other act or omission on the part of the Owner (or any Permitted Lessee) Borrower of which it has actual knowledge and which will invalidate or render unenforceable, in whole or in part, any commercial insurance as required by the terms hereof and to advise Mortgagee hereof, (b) at least thirty (30) days (seven (7) days in the case of war risk and allied perils insurance and ten (10) days in the case of nonpayment of premiumWar Risk Insurance) prior to the cancellation, lapse cancellation (but not scheduled expiration) or material adverse change of any insurance maintained pursuant to this Annex BArticle VI, provided that, in respect of the War Risk Insurance, if the notice period set forth specified above is not reasonably obtainable, the Insurance Broker Brokers shall provide for such shorter or longer as long a period of prior notice as may shall then be obtainable in and (c) if any of the international insurance marketrequired by this Article VI is not renewed on the same terms (save as to premium and period of cover and as the Administrative Agent might otherwise have notified to the Insurance Brokers to be acceptable to the Administrative Agent) seven (7) days prior to expiry thereof. In the event that the Owner Borrower shall fail to maintain or cause to be maintained insurance as herein provided, Mortgagee the Administrative Agent may, at its sole option, provide such insurance and, in such event, the Owner Borrower shall, upon demand, reimburse Mortgagee the Administrative Agent for the cost thereof.

Reports, Etc. The Owner Lessee will furnish, or cause to be furnished, to Mortgagee Lessor and each other Additional Insured on or before the Closing Delivery Date of any Aircraft and annually on or before the renewal dates of the Owner’s Lessee's (or the Permitted Lessee’ssublessee's) relevant insurance policiespolicies during the Lease Term, a report, signed by AON Risk Services of Illinois, Inc., or any other (a) recognized independent firm of insurance brokers selected by the Ownerbrokers, which brokers may be regularly retained by the Owner or any Permitted Lessee (the “"Insurance Broker”Brokers"), describing in reasonable detail the commercial hull and liability insurance (and property insurance for detached engines and Related Engines) then carried and maintained with respect to the Aircraft and stating the opinion of such firm that, to its knowledge, such commercial insurance complies with the terms of this Annex B. Such information shall remain confidential as provided in Section 6 of the Participation AgreementAircraft. To the extent such agreement is reasonably obtainable, the Owner Lessee will cause such Insurance Broker Brokers to agree to advise the Mortgagee Lessor and each other Additional Insured in writing of any default in the payment of premium and of any other act or omission on the part of the Owner (or any Permitted Lessee) of which it has actual knowledge and which will invalidate or render unenforceable, in whole or in part, any commercial insurance as required by the terms hereof and to advise Mortgagee Lessor and each other Additional Insured at least thirty (30) days (seven (7) days in the case of any war risk and allied perils insurance and ten (10) days in the case of nonpayment of premiumcoverage) prior to the cancellation, lapse cancellation or material adverse change of any insurance maintained pursuant to this Annex BSection 11, provided that, that if the notice period set forth specified above is not reasonably obtainable, the Insurance Broker Brokers shall provide for as long a period of prior notice as shall then be obtainable. In addition, Lessee will also cause such shorter Insurance Broker to deliver to Lessor and each other Additional Insured on or longer period prior to the date of expiration of any insurance policy referenced in a previously delivered certificate of insurance, a new certificate of insurance, substantially the same as may be obtainable delivered by Lessee to such parties on the Delivery Date of the Aircraft to which it relates except for the changes in the international insurance marketreport or the coverage consistent with the terms hereof. In the event that the Owner Lessee shall fail to maintain or cause to be maintained insurance as herein provided, Mortgagee may, Lessor may at its sole option, option provide such insurance and, in such event, the Owner Lessee shall, upon demand, reimburse Mortgagee Lessor as Supplemental Rent for the cost thereof.

Reports, Etc. The Owner Company will furnish, or cause to be furnished, to Mortgagee the Secured Party on or before the Closing Date and annually on or before the renewal dates of the OwnerCompany’s (or the Permitted Lessee’s) relevant insurance policiespolicies required hereunder, a report, signed by AON Risk Services of Illinois, Inc., or any other reputable recognized independent firm of insurance brokers selected by the OwnerCompany, which brokers may be regularly retained by the Owner Company or any Permitted Lessee (the “Insurance Broker”), describing in reasonable detail the commercial hull and liability insurance then carried and maintained with respect to the Aircraft and the Engines and stating the opinion of such firm that, to its knowledge, such commercial insurance complies with the terms of this Annex Appendix B. Such information shall remain confidential as provided in Section 6 6.12 of the Participation Indemnity Agreement. To the extent such agreement is reasonably obtainable, the Owner The Company will cause such Insurance Broker to agree to advise the Mortgagee Secured Party in writing of any default in the payment of premium and of any other act or omission on the part of the Owner Company (or any Permitted Lessee) of which it has actual knowledge and which will invalidate or render unenforceable, in whole or in part, any commercial insurance as required by the terms hereof and to advise Mortgagee the Secured Party at least thirty (30) days (seven (7) days in the case of war risk and allied perils insurance War Risk Insurance and ten (10) days in the case of nonpayment of premium) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex Appendix B, provided that, if in respect of the notice period set forth above is not reasonably obtainableWar Risk Insurance, the Insurance Broker shall provide for such shorter or longer period as may be obtainable in the international insurance market. In the event that the Owner Company shall fail to maintain or cause to be maintained insurance as herein provided, Mortgagee the Secured Party may, at its sole option, provide such insurance and, in such event, the Owner Company shall, upon demand, reimburse Mortgagee the Secured Party for the cost thereof.

Reports, Etc. The Owner Grantor will furnish, or cause to be furnished, to Mortgagee the Security Trustee on or before the Closing Applicable Date with respect to each Engine and annually on or before the renewal dates of the OwnerGrantor’s (or the Permitted Lessee’s) relevant insurance policies, a report, signed by AON Risk Services of Illinois, Inc., or any other a recognized independent firm of insurance brokers selected by the OwnerGrantor, which brokers may be regularly retained by the Owner or any Permitted Lessee Grantor (the “Insurance Broker”), describing in reasonable detail the commercial hull and liability insurance then carried and maintained with respect to the Aircraft applicable Engines and stating the opinion of such firm that, to its knowledge, such commercial insurance complies with the terms of this Annex B. Such information shall remain confidential as provided in Section 6 of the Participation Agreement. A. To the extent such agreement is reasonably obtainable, the Owner Grantor will cause such Insurance Broker to agree to advise the Mortgagee Security Trustee in writing of any default in the payment of premium and of any other act or omission on the part of the Owner (or any Permitted Lessee) Grantor of which it has actual knowledge and which will invalidate or render unenforceable, in whole or in part, any commercial insurance as required by the terms hereof and to advise Mortgagee Security Trustee at least thirty (30) days (seven (7) days in the case of war risk and allied perils insurance and ten (10) days in the case of nonpayment of premium) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex BA, provided that, if the notice period set forth above is not reasonably obtainable, the Insurance Broker shall provide for such shorter or longer period as may be obtainable in the international insurance market. In the event that the Owner Grantor shall fail to maintain maintain, or cause to be maintained maintained, insurance as herein provided, Mortgagee Security Trustee may, at its sole option, provide such insurance and, in such event, the Owner Grantor shall, upon demand, reimburse Mortgagee Security Trustee for the cost thereof.

Reports, Etc. The Owner Borrower will furnish, or cause to be furnished, to Mortgagee the Administrative Agent on or before the Closing each Delivery Date and annually on or before the renewal dates of the Owner’s (or the Permitted Lessee’s) Borrower's relevant insurance policies, a report, signed by AON Risk Services of Illinois, Inc., or any other a recognized independent firm of insurance brokers selected by the Ownerbrokers, which brokers may be regularly retained by the Owner or any Permitted Lessee Borrower (the “"Insurance Broker”Brokers"), describing in reasonable detail the commercial hull and liability insurance then carried and maintained with respect to the each Aircraft and stating the opinion of such firm that, to the best of its knowledge, such commercial insurance complies with the terms of this Annex B. Article VI. Such information shall remain confidential as provided in Section 6 21 of the Participation Credit Agreement. To the extent such agreement is reasonably obtainable, the Owner The Borrower will cause such the Insurance Broker Brokers to agree to advise the Mortgagee Administrative Agent in writing (a) of any default in the payment of premium and of any other act or omission on the part of the Owner (or any Permitted Lessee) Borrower of which it has actual knowledge and which will invalidate or render unenforceable, in whole or in part, any commercial insurance as required by the terms hereof and to advise Mortgagee hereof, (b) at least thirty (30) days (seven (7) days in the case of war risk and allied perils insurance and ten (10) days in the case of nonpayment of premiumWar Risk Insurance) prior to the cancellation, lapse cancellation (but not scheduled expiration) or material adverse change of any insurance maintained pursuant to this Annex BArticle VI, provided that, in respect of the War Risk Insurance, if the notice period set forth specified above is not reasonably obtainable, the Insurance Broker Brokers shall provide for such shorter or longer as long a period of prior notice as may shall then be obtainable in and (c) if any of the international insurance marketrequired by this Article VI are not renewed on the same terms (save as to premium and period of cover and as the Administrative Agent might otherwise have notified to the Insurance Brokers to be acceptable to the Administrative Agent) seven (7) days prior to expiry thereof. In the event that the Owner Borrower shall fail to maintain or cause to be maintained insurance as herein provided, Mortgagee the Administrative Agent may, at its sole option, provide such insurance and, in such event, the Owner Borrower shall, upon demand, reimburse Mortgagee the Administrative Agent for the cost thereof.

Reports, Etc. The Owner will furnish, or cause to be furnished, to Mortgagee on or before the Closing Date and annually on or before the renewal dates of the Owner’s (or the Permitted Lessee’s) relevant insurance policies, a report, signed by AON Risk Services of Illinois, Inc., or any other recognized independent firm of insurance brokers selected by the Owner, reasonably acceptable to Mortgagee, which brokers may be regularly retained by the Owner or any Permitted Lessee (the “Insurance Broker”), describing in reasonable detail the commercial hull and liability insurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that, to its knowledge, such commercial insurance complies with the terms of this Annex B. Such information shall remain confidential as provided in Section 6 of the Participation Agreement. To the extent such agreement is reasonably obtainable, the The Owner will cause such Insurance Broker to agree to advise the Mortgagee in writing of any default in the payment of premium and of any other act or omission on the part of the Owner (or any Permitted Lessee) of which it has actual knowledge and which will invalidate or render unenforceable, in whole or in part, any commercial insurance as required by the terms hereof and to advise Mortgagee at least thirty (30) days (seven (7) days in the case of war risk and allied perils insurance and ten (10) days in the case of nonpayment of premium) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B, provided that, if the notice period set forth above is not reasonably obtainable, the Insurance Broker shall provide for such shorter or longer period as may be obtainable in the international insurance market. In the event that the Owner shall fail to maintain or cause to be maintained insurance as herein provided, Mortgagee may, at its sole option, provide such insurance and, in such event, the Owner shall, upon demand, reimburse Mortgagee for the cost thereof.

Reports, Etc. The Owner Company will furnish, or cause to be furnished, to Mortgagee the Secured Party on or before the Closing Date and annually on or before the renewal dates of the OwnerCompany’s (or the Permitted Lessee’s) relevant insurance policiespolicies required hereunder, a report, signed by AON Risk Services of Illinois, Inc., or any other reputable recognized independent firm of insurance brokers selected by the OwnerCompany, which brokers may be regularly retained by the Owner Company or any Permitted Lessee (the “Insurance Broker”), describing in reasonable detail the commercial hull and liability insurance then carried and maintained with respect to the Aircraft and the Engines and stating the opinion of such firm that, to its knowledge, such commercial insurance complies with the terms of this Annex Appendix B. Such information shall remain confidential as provided in Section 6 9.9 of the Participation Loan Agreement. To the extent such agreement is reasonably obtainable, the Owner The Company will cause such Insurance Broker to agree to advise the Mortgagee Secured Party in writing of any default in the payment of premium and of any other act or omission on the part of the Owner Company (or any Permitted Lessee) of which it has actual knowledge and which will invalidate or render unenforceable, in whole or in part, any commercial insurance as required by the terms hereof and to advise Mortgagee the Secured Party at least thirty (30) days (seven (7) days in the case of war risk and allied perils insurance War Risk Insurance and ten (10) days in the case of nonpayment of premium) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex Appendix B, provided that, if in respect of the notice period set forth above is not reasonably obtainableWar Risk Insurance, the Insurance Broker shall provide for such shorter or longer period as may be obtainable in the international insurance market. In the event that the Owner Company shall fail to maintain or cause to be maintained insurance as herein provided, Mortgagee the Secured Party may, at its sole option, provide such insurance and, in such event, the Owner Company shall, upon demand, reimburse Mortgagee the Secured Party for the cost thereof.

Reports, Etc. The Owner Grantor will furnish, or cause to be furnished, to Mortgagee the Administrative Agent on or before the Closing Applicable Date with respect to each Airframe and Engine and annually on or before the renewal dates of the OwnerGrantor’s (or the Permitted Lessee’s) relevant insurance policies, a report, signed by AON Risk Services of Illinois, Inc., or any other a recognized independent firm of insurance brokers selected by the OwnerGrantor, which brokers may be regularly retained by the Owner Grantor or any Permitted Lessee (the “Insurance Broker”), describing in reasonable detail the commercial hull and liability insurance then carried and maintained with respect to the Aircraft applicable Airframes and Engines and stating the opinion of such firm that, to its knowledge, such commercial insurance complies with the terms of this Annex B. B; provided, that in respect of insurance maintained by the Grantor (or the Permitted Lessee) in accordance with Section 3.06(c) of the Mortgage, the Grantor (or Permitted Lessee) may in lieu of the Insurance Broker directly furnish such information (which shall include copies of the FAA certificate of coverage), but without any need to express any such opinion. Such information shall remain confidential as provided in Section 6 10.03 of the Participation Credit Agreement. To the extent such agreement is reasonably obtainable, the Owner Grantor will cause such Insurance Broker to agree to advise the Mortgagee Administrative Agent in writing of any default in the payment of premium and of any other act or omission on the part of the Owner Grantor (or any Permitted Lessee) of which it has actual knowledge and which will invalidate or render unenforceable, in whole or in part, any commercial insurance as required by the terms hereof and to advise Mortgagee Administrative Agent at least thirty (30) days (seven (7) days in the case of war risk and allied perils insurance and ten (10) days in the case of nonpayment of premiuminsurance) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B, provided that, if the notice period set forth above is not reasonably obtainable, the Insurance Broker shall provide for such shorter or longer period as may be obtainable in the international insurance marketobtainable. In the event that the Owner Grantor shall fail to maintain or cause to be maintained insurance as herein provided, Mortgagee Administrative Agent may, at its sole option, provide Annex B – 3 Mortgage and Security Agreement 1005973744v2 such insurance and, in such event, the Owner Grantor shall, upon demand, reimburse Mortgagee Administrative Agent for the cost thereof.

Reports, Etc. The Owner will furnish, or cause to be furnished, to Mortgagee on or before the Closing Date and annually on or before the renewal dates of the Owner’s (or the Permitted Lessee’s) relevant insurance policies, a report, signed by AON Risk Services of Illinois, Inc., or any other recognized independent firm of insurance brokers selected by the Owner, reasonably acceptable to Mortgagee, which brokers may be regularly retained by the Owner or any Permitted Lessee (the “Insurance Broker”), describing in reasonable detail the commercial hull and liability insurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that, to its knowledge, such commercial insurance complies with the terms of this Annex B. Such information shall remain confidential as provided in Section 6 of the Participation Agreement. To the extent such agreement is reasonably obtainable, the Owner will cause such Insurance Broker to agree to advise the Mortgagee in writing of any default in the payment of premium and of any other act or omission on the part of the Owner (or any Permitted Lessee) of which it has actual knowledge and which will invalidate or render unenforceable, in whole or in part, any commercial insurance as required by the terms hereof and to advise Mortgagee at least thirty (30) days (seven (7) days in the case of war risk and allied perils insurance and ten (10) days in the case of nonpayment of premium) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B, provided that, if the notice period set forth above is not reasonably obtainable, the Insurance Broker shall provide for such shorter or longer period as may be obtainable in the international insurance market. In the event that the Owner shall fail to maintain or cause to be maintained insurance as herein provided, Mortgagee may, at its sole option, provide such insurance and, in such event, the Owner shall, upon demand, reimburse Mortgagee for the cost thereof.