War-Risk, Hijacking and Allied Perils Insurance. If the applicable Grantor shall at any time operate or propose to operate the Aircraft, Airframe or any Engine (i) in any area of recognized hostilities or (ii) on international routes and war-risk, hijacking or allied perils insurance is maintained by the applicable Grantor with respect to other aircraft owned or operated by the applicable Grantor on such routes or in such areas, the applicable Grantor shall maintain war-risk, hijacking and related perils insurance of substantially the same type carried by major United States commercial air carriers operating the same or comparable models of aircraft on similar routes or in such areas and in no event in an amount less than the Agreed Value.
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Samples: Patent Security Agreement (Sun Country Airlines Holdings, Inc.), Security Agreement (Alaska Air Group, Inc.), Security Agreement (Alaska Air Group, Inc.)
War-Risk, Hijacking and Allied Perils Insurance. If the applicable Grantor shall at any time operate or propose to operate the Aircraft, Airframe or any Engine Propeller (i) in any area of recognized hostilities or (ii) on international routes and war-risk, hijacking or allied perils insurance is maintained by the applicable Grantor with respect to other aircraft owned or operated by the applicable Grantor on such routes or in such areas, the applicable Grantor shall maintain war-risk, hijacking and related perils insurance of substantially the same type carried by major United States commercial air carriers operating the same or comparable models of aircraft on similar routes or in such areas and in no event in an amount less than the Agreed Value.
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