Common use of Type, Form and Amount Clause in Contracts

Type, Form and Amount. All-risk" insurance on the Aircraft and "all-risk" coverage on each Engine and on Parts while removed from the Aircraft or Engines, which is of the type, form and in an amount in compliance with the last sentence of this Section 11.2.1, not less than that carried by Lessee on similar equipment owned or leased by Lessee and not less than that usually carried by similarly situated United States commercial air carriers; and, to the extent so usually carried, at all times that the Aircraft or any Engine is not covered by the insurance described in Section 11.2.2, coverage against the perils of (i) strikes, riots, civil commotions or labor disturbances, (ii) any malicious act or act of sabotage and (iii) hijacking, or any unlawful seizure or wrongful exercise of control, of the Aircraft or crew in flight (including any attempt at such seizure or control) made by any person or persons on board the Aircraft acting without the consent of the insured other than hijacking committed by persons engaged in a program of irregular warfare for terrorist purposes. Such insurance shall at all times be for an amount not less than Stipulated Loss Value for the Aircraft.

Appears in 3 contracts

Samples: Sale and Lease Agreement (American Income Fund I-E), Sale and Lease Agreement (American Income Fund I-E), Sale and Lease Agreement (American Income Fund I-E)

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Type, Form and Amount. All-risk" ground and flight aircraft hull insurance on the Aircraft and "all-risk" coverage on each Engine and on Parts while removed from the Aircraft or Engines, which is of the typetype and form, form and in an amount in compliance with the last sentence of this Section 11.2.1, not less than that that, carried by Lessee on similar equipment owned or leased by Lessee and in an amount not less than that usually carried by similarly situated United States commercial air carrierscarriers generally; and, to the extent so usually carried, at all times that the Aircraft or any Engine is not covered by the insurance described in Section 11.2.2, coverage against the perils of (i) strikes, riots, civil commotions or labor disturbances, (ii) any malicious act or act of sabotage sabotage, and (iii) hijacking, or any unlawful seizure or wrongful exercise of control, control of the Aircraft or crew in flight (including any attempt at such seizure or control) made by any person or persons on board the Aircraft acting without the consent of the insured other than hijacking committed by persons engaged in a program of irregular warfare for terrorist purposes. Such insurance shall at all times be for an amount not less than the Stipulated Loss Value for of the Aircraft.

Appears in 2 contracts

Samples: Sale and Lease Agreement (Southwest Airlines Co), Sale and Lease Agreement (Southwest Airlines Co)

Type, Form and Amount. All-risk" ground and flight aircraft hull insurance on the Aircraft and "all-risk" coverage on each Engine and on Parts while removed from the Aircraft or Engines, which is of the typetype and form, form and in an amount in compliance with the last sentence of this Section 11.2.1, not less than that that, carried by Lessee on similar equipment owned or leased by Lessee and in an amount not less than that usually carried by similarly situated United States commercial air carrierscarriers generally; and, to the extent so usually carried, at all times that the Aircraft or any Engine is not covered by the insurance described in Section 11.2.2, coverage against the perils of (i) strikes, riots, civil commotions or labor disturbances, (ii) any malicious act or act of sabotage sabotage, and (iii) hijacking, or any unlawful seizure or wrongful exercise of control, control of the SALE AND LEASE AGREEMENT [N603SW] -42- 49 Aircraft or crew in flight (including any attempt at such seizure or control) made by any person or persons on board the Aircraft acting without the consent of the insured other than hijacking committed by persons engaged in a program of irregular warfare for terrorist purposes. Such insurance shall at all times be for an amount not less than the Stipulated Loss Value for of the Aircraft.

Appears in 1 contract

Samples: Sale and Lease Agreement (Southwest Airlines Co)

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Type, Form and Amount. All-risk" ground and flight aircraft hull insurance on the Aircraft and "all-risk" coverage on each Engine and on Parts while removed from the Aircraft or Engines, which is of the typetype and form, form and in an amount in compliance with the last sentence of this Section 11.2.1, not less than that that, carried by Lessee on similar equipment owned or leased by Lessee and in an amount not less than that usually carried by similarly situated United States commercial air carrierscarriers SALE AND LEASE AGREEMENT [N602SW] -41- 48 generally; and, to the extent so usually carried, at all times that the Aircraft or any Engine is not covered by the insurance described in Section 11.2.2, coverage against the perils of (i) strikes, riots, civil commotions or labor disturbances, (ii) any malicious act or act of sabotage sabotage, and (iii) hijacking, or any unlawful seizure or wrongful exercise of control, control of the Aircraft or crew in flight (including any attempt at such seizure or control) made by any person or persons on board the Aircraft acting without the consent of the insured other than hijacking committed by persons engaged in a program of irregular warfare for terrorist purposes. Such insurance shall at all times be for an amount not less than the Stipulated Loss Value for of the Aircraft.

Appears in 1 contract

Samples: Sale and Lease Agreement (Southwest Airlines Co)

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