Common use of War risk Clause in Contracts

War risk. Subject to the rights of Lessee under Section 11.10, if and to the extent that the Lessee or a Permitted Sublessee operates the Aircraft (a) on routes for which it maintains war risk, hijacking or allied perils insurance in effect with respect to other similar owned or leased aircraft in its fleet, (b) on routes (other than routes within the United States and Canada) where the custom in the industry is to carry war risk insurance, or (c) in any area of recognized hostilities, the Lessee or such Permitted Sublessee shall maintain or cause to be maintained a war risks insurance policy (hull and liability) on the Aircraft covering all of those risks that are currently enumerated in Lloyds Form AVN 48B (War, Hijacking and Other Perils Exclusion Paragraph (Aviation)) to the fullest extent possible and any additional risks that may hereafter be included therein or in any form succeeding to any of its functions in an amount with respect to hull, not less than the Stipulated Loss Value and, with respect to liability, in an amount not less than the Minimum Liability Amount. An agreement of a United States Entity backed by the full faith and credit of the United States government to insure against or indemnify for substantially the same risks to at least the same amount will satisfy any of the requirements of this Section 11.04.