Contingency Insurance definition
Contingency Insurance shall have the meaning set forth in Section 10.2.
Examples of Contingency Insurance in a sentence
Such Contingency Insurance may be effected by a policy which covers the entire Fleet, and shall include an additional insured and loss payee endorsement in favor of the Indenture Trustee with respect to the Issuer Containers.
Such Contingency Insurance may provide coverage when: (i) recoveries are not effected under any policies in force pursuant to Section 8.14.1 hereof, and/or (ii) any Issuer Container is not returned to Manager by a defaulting Lessee (including costs of recovering such Issuer Containers), or (iii) the Lessee or Container depot fails to obtain insurance as provided under Section 8.14.1 hereof.