Common use of Reports, Etc Clause in Contracts

Reports, Etc. The Owner will furnish, or cause to be furnished, to the Indenture Trustee, on or before the Closing Date and on or before July 1 in each year thereafter commencing July, _____, a report, signed by Aon Risk Services, Inc., Aon Risk Services of Minnesota, Inc. or any other independent firm of insurance brokers reasonably acceptable to the Indenture Trustee (the "Insurance Brokers"), describing in reasonable detail the insurance and reinsurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that the insurance then carried and maintained with respect to the Aircraft complies with the terms hereof; provided, however, that all information contained in the foregoing report shall not be made available by the Indenture Trustee or the Loan Participants to anyone except (A) to permitted transferees of the Loan Participants' or the Indenture Trustee who agree to hold such information confidential, (B) to the Loan Participants' or the Indenture Trustee's counsel or independent certified public accountants or independent insurance advisors who agree to hold such information confidential or (C) as may be required by any statute, court or administrative order or decree or governmental ruling or regulation. The Owner will cause such Insurance Brokers to agree to advise the Indenture Trustee in writing of any default in the payment of any premium and of any other act or omission on the part of the Owner of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft. To the extent such agreement is reasonably obtainable, the Owner will also cause such Insurance Brokers to agree to advise the Indenture Trustee in writing at least thirty (30) days (seven (7) days in the case of war risk and allied perils coverage), prior to the expiration or termination date of any insurance carried and maintained on the Aircraft pursuant to this Section 7.04. In addition, the Owner will also cause such Insurance Brokers to deliver to the Indenture Trustee, on or prior to the date of expiration of any insurance policy referenced in a previously delivered certificate of insurance, a new certificate of insurance, substantially in the same form as delivered by the Owner to such party on the Closing Date. In the event that the Owner or any Lessee shall fail to maintain or cause to be maintained insurance as herein provided, the Indenture Trustee may at its sole option provide such insurance and, in such event, the Owner shall, upon demand, reimburse the Indenture Trustee for the cost thereof to Indenture Trustee, without waiver of any other rights Indenture Trustee may have.

Appears in 2 contracts

Samples: Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn), Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn)

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Reports, Etc. The Owner Company will furnish, or cause to be furnished, to the Indenture TrusteeCollateral Agent, on or before the Closing Effective Date and on or before July 1 1, in each year thereafter commencing JulyJuly 1, _____, 2002 a report, signed by Aon Risk Services, Inc., Aon Risk Services Inc. of Minnesota, Inc. Xxxxx & XxXxxxxx, Incorporated or any other independent firm of insurance brokers reasonably acceptable to the Indenture Trustee Collateral Agent (the "Insurance Brokers"), describing in reasonable detail the insurance and reinsurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that the insurance then carried and maintained with respect to the Aircraft complies with the terms hereof; provided, provided however, that all information contained in the foregoing report shall not be made available by the Indenture Trustee or the Loan Participants Secured Creditors to anyone except (A) to permitted transferees of the Loan Participants' or interest of the Indenture Trustee Secured Creditors who agree to hold such information confidential, (B) to the Loan Participants' or the Indenture Trustee's counsel Secured Creditors’ counsels or independent certified public accountants or independent insurance advisors who agree to hold such information confidential or (C) as may be required by any statute, court or administrative order or decree or governmental ruling or regulation. The Owner Company will cause such Insurance Brokers to agree to advise the Indenture Trustee Collateral Agent in writing of any default in the payment of any premium and of any other act or omission on the part of the Owner Company of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft. To the extent such agreement is reasonably obtainable, the Owner Company will also cause such Insurance Brokers to agree to advise the Indenture Trustee Collateral Agent in writing at least thirty (30) days (seven (7) days in the case of war risk and allied perils coverage), ) prior to the expiration or termination date of any insurance carried and maintained on the Aircraft pursuant to this Section 7.043.6. In addition, the Owner Company will also cause such Insurance Brokers to deliver to the Indenture TrusteeCollateral Agent, on or or, prior to the date of expiration of any insurance policy referenced in a previously delivered certificate of insurance, a new certificate of insurance, substantially in the same form as delivered by the Owner Company to such party the Collateral Agent on the Closing Effective Date. In the event that the Owner Company or any Lessee shall fail to maintain or cause to be maintained insurance as herein provided, the Indenture Trustee Collateral Agent may at its sole option provide such insurance and, in such event, the Owner Company shall, upon demand, reimburse the Indenture Trustee Collateral Agent for the cost thereof to Indenture Trusteethe Collateral Agent, without waiver of any other rights Indenture Trustee the Collateral Agent may have.

Appears in 2 contracts

Samples: Aircraft Mortgage and Security Agreement (Northwest Airlines Corp), Aircraft Mortgage and Security Agreement (Northwest Airlines Corp)

Reports, Etc. The Owner will furnish, or cause to be furnished, to the Indenture Trustee, on or before the Closing Date and on or before July 1 in each year thereafter commencing July, _____, a report, signed by Aon Risk Services, Inc., Aon Risk Services of Minnesota, Inc. or any other independent firm of insurance brokers reasonably acceptable to the Indenture Trustee (the "Insurance Brokers"), describing in reasonable detail the insurance and reinsurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that the insurance then carried and maintained with respect to the Aircraft complies with the terms hereof; provided, however, that all information contained in the foregoing report shall not be made available by the Indenture Trustee or the Loan Participants to anyone except (A) to permitted transferees of the Loan Participants' or the Indenture Trustee who agree to hold such information confidential, (B) to the Loan Participants' or the Indenture Trustee's counsel or independent certified public accountants or independent insurance advisors who agree to hold such information confidential or (C) as may be required by any statute, court or administrative order or decree or governmental ruling or regulation. The Owner will cause such Insurance Brokers to agree to advise the Indenture Trustee in writing of any default in the payment of any premium and of any other act or omission on the part of the Owner of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft. To the extent such agreement is reasonably obtainable, the Owner will also cause such Insurance Brokers to agree to advise the Indenture Trustee in writing at least thirty (30) days (seven (7) days in the case of war risk and allied perils coverage), prior to the expiration or termination date of any insurance carried and maintained on the Aircraft pursuant to this Section 7.04. In addition, the Owner will also cause such Insurance Brokers to deliver to the Indenture Trustee, on or prior to the date of expiration of any insurance policy referenced in a previously delivered certificate of insurance, a new certificate of insurance, substantially in the same form as delivered by the Owner to such party on the Closing Date. In the event that the Owner or any Lessee shall fail to maintain or cause to be maintained insurance as herein provided, the Indenture Trustee may at its sole option provide such insurance and, in such event, the Owner shall, upon demand, reimburse the Indenture Trustee for the cost thereof to Indenture Trustee, without waiver of any other rights Indenture Trustee may have.

Appears in 1 contract

Samples: Indenture and Security Agreement (Northwest Airlines Inc /Mn)

Reports, Etc. The Owner Lessee will furnish, or cause to be furnished, during the Term furnish to the Lessor and the Indenture TrusteeTrustee evidence of renewal of the insurance policies required pursuant to this Section 9 prior to the cancellation, lapse or expiration of such insurance policies and, on or before the Closing Date and on or before July 1 in each year thereafter commencing July, _____renewal dates of the insurance policies carried by the Lessee pursuant to this Section 9, a report, report signed by Aon Risk Services, Inc., Aon Risk Services of Minnesota, Inc. or any other independent a firm of aircraft insurance brokers brokers, not affiliated with the Lessee, appointed by the Lessee and reasonably acceptable satisfactory to the Indenture Trustee (the "Insurance Brokers")Lessor, describing in reasonable detail the insurance and reinsurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that the insurance then carried and maintained with respect to on the Aircraft complies with the terms hereof and that such renewal insurance will on and after the effective date thereof so comply with the terms hereof; provided, however, provided that all information contained in such report shall be held confidential by the foregoing report Lessor and the Indenture Trustee, and shall not be made available furnished or disclosed by the Indenture Trustee or the Loan Participants them to anyone except (A) to permitted the Owner Participant and bona fide prospective transferees of the Loan Participants' or Owner Participant and their respective agents (provided that they shall agree for the Indenture Trustee who agree benefit of the Lessee to hold all such information similarly confidential, (B) to the Loan Participants' or the Indenture Trustee's counsel or independent certified public accountants or independent insurance advisors who agree to hold such information confidential or (C) as may be required by any statute, court or administrative order or decree or governmental ruling or regulationApplicable Law. The Owner Lessee will cause instruct such Insurance Brokers firm to agree give prompt written advice to advise the Lessor and the Indenture Trustee in writing of any default in the payment of any premium and of any other act or omission on the part of the Owner Lessee of which it has knowledge and which might would in such firm's opinion invalidate or render unenforceable, in whole or in any material part, any insurance on the Aircraft. To the extent such agreement is reasonably obtainable, the Owner The Lessee will also cause instruct such Insurance Brokers to agree firm to advise the Lessor and the Indenture Trustee in writing at least thirty (30) 30 days (seven (7) days in the case of war risk and allied perils coverage), prior to the expiration termination or termination date of any cancellation of, or material adverse change in, such insurance carried and maintained on the Aircraft pursuant to this Section 7.04. In addition, the Owner will also cause such Insurance Brokers to deliver to the Indenture Trustee, on or prior to the date of expiration of any insurance policy referenced in a previously delivered certificate of insurance, a new certificate of insurance, substantially in the same form as delivered by the Owner to such party on the Closing Date. In the event that the Owner or any Lessee shall fail to maintain or cause to be maintained insurance as herein provided, the Indenture Trustee may at its sole option provide such insurance and, in such event, the Owner shall, upon demand, reimburse the Indenture Trustee for the cost thereof to Indenture Trustee, without waiver of any other rights Indenture Trustee may have9.

Appears in 1 contract

Samples: Note Purchase Agreement (Midway Airlines Corp)

Reports, Etc. The Owner Company will furnish, or cause to be furnished, to the Indenture TrusteeCollateral Agent, on or before the Closing Date date of the Loan and on or before July 1 1, in each year thereafter commencing JulyJuly 1, _____, 2004 a report, signed by Aon Risk Services, Inc., Aon Risk Services Inc. of Minnesota, Inc. Xxxxx & XxXxxxxx, Incorporated or any other independent firm of insurance brokers reasonably acceptable to the Indenture Trustee Collateral Agent (the "Insurance Brokers"), describing in reasonable detail the insurance and reinsurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that the insurance then carried and maintained with respect to the Aircraft complies with the terms hereof; provided, however, that (i) in the case of war risk and hijacking insurance acquired by the Company from the FAA or other instrumentality of the government of the United States, no opinion concerning such coverage need be given and (ii) all information contained in the foregoing report shall not be made available by the Indenture Trustee Collateral Agent or the Loan Participants Noteholders to anyone except (A) to permitted transferees of the Loan Participants' interest of the Collateral Agent or the Indenture Trustee Noteholders who agree to hold such information confidential, (B) to the Loan Participants' Collateral Agent’s or the Indenture Trustee's Noteholder’s counsel or independent certified public accountants or independent insurance advisors who agree to hold such information confidential or (C) as may be required by any statute, court or administrative order or decree or governmental ruling or regulation. The Owner Company will cause such Insurance Brokers to agree to advise the Indenture Trustee Collateral Agent in writing of any default in the payment of any premium and of any other act or omission on the part of the Owner Company of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any commercial insurance on the Aircraft. To the extent such agreement is reasonably obtainable, the Owner Company will also cause such Insurance Brokers to agree to advise the Indenture Trustee Collateral Agent in writing at least thirty (30) days (seven (7) days in the case of commercial war risk and allied perils coverage), ) prior to the expiration or termination date of any commercial insurance carried and maintained on the Aircraft pursuant to this Section 7.043.6. In addition, the Owner Company will also cause such Insurance Brokers to deliver to the Indenture TrusteeCollateral Agent, on or prior to the date of expiration of any commercial insurance policy referenced in a previously delivered certificate of insurance, a new certificate of insurance, substantially in the same form as delivered by the Owner Company to such party the Collateral Agent on the Closing Datedate of the Loan. In the event that the Owner Company or any Lessee shall fail to maintain or cause to be maintained insurance as herein provided, the Indenture Trustee Collateral Agent may at its sole option provide such insurance and, in such event, the Owner Company shall, upon demand, reimburse the Indenture Trustee Collateral Agent for the cost thereof to Indenture Trusteethe Collateral Agent, without waiver of any other rights Indenture Trustee the Collateral Agent may have.

Appears in 1 contract

Samples: Mortgage and Security Agreement (Northwest Airlines Corp)

Reports, Etc. The Owner Company will furnish, or cause to be furnished, to the Indenture TrusteeCollateral Agent, on or before the Closing Effective Date and on or before July 1 1, in each year thereafter commencing JulyJuly 1, _____, 1999 a report, signed by Aon Risk Services, Inc., Aon Risk Services Inc. of Minnesota, Inc. Xxxxx & XxXxxxxx, Incorporated or any other independent firm of insurance brokers reasonably acceptable to the Indenture Trustee Collateral Agent (the "Insurance BrokersINSURANCE BROKERS"), describing in reasonable detail the insurance and reinsurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that the insurance then carried and maintained with respect to the Aircraft complies with the terms hereof; providedPROVIDED, howeverHOWEVER, that all information contained in the foregoing report shall not be made available by the Indenture Trustee or the Loan Participants Secured Creditors to anyone except (A) to permitted transferees of the Loan Participants' or interest of the Indenture Trustee Secured Creditors who agree to hold such information confidential, (B) to the Loan ParticipantsSecured Creditors' or the Indenture Trustee's counsel counsels or independent certified public accountants or independent insurance advisors who agree to hold such information confidential or (C) as may be required by any statute, court or administrative order or decree or governmental ruling or regulation. The Owner Company will cause such Insurance Brokers to agree to advise the Indenture Trustee Collateral Agent in writing of any default in the payment of any premium and of any other act or omission on the part of the Owner Company of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft. To the extent such agreement is reasonably obtainable, the Owner Company will also cause such Insurance Brokers to agree to advise the Indenture Trustee Collateral Agent in writing at least thirty (30) days (seven (7) days in the case of war risk and allied perils coverage), ) prior to the expiration or termination date of any insurance carried and maintained on the Aircraft pursuant to this Section 7.043.6. In addition, the Owner Company will also cause such Insurance Brokers to deliver to the Indenture TrusteeCollateral Agent, on or prior to the date of expiration of any insurance policy referenced in a previously delivered certificate of insurance, a new certificate of insurance, substantially in the same form as delivered by the Owner Company to such party the Collateral Agent on the Closing Effective Date. In the event that the Owner Company or any Lessee shall fail to maintain or cause to be maintained insurance as herein provided, the Indenture Trustee Collateral Agent may at its sole option provide such insurance and, in such event, the Owner Company shall, upon demand, reimburse the Indenture Trustee Collateral Agent for the cost thereof to Indenture Trusteethe Collateral Agent, without waiver of any other rights Indenture Trustee the Collateral Agent may have.

Appears in 1 contract

Samples: Aircraft Mortgage and Security Agreement (Northwest Airlines Corp)

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Reports, Etc. The Owner Company will furnish, or cause to be furnished, to the Indenture TrusteeCollateral Agent, on or before the Closing Temporary Amendment Effective Date and on or before July 1 1, in each year thereafter commencing JulyJuly 1, _____, 1999 a report, signed by Aon Risk Services, Inc., Aon Risk Services Inc. of Minnesota, Inc. Xxxxx & XxXxxxxx, Incorporated or any other independent firm of insurance brokers reasonably acceptable to the Indenture Trustee Collateral Agent (the "Insurance BrokersINSURANCE BROKERS"), describing in reasonable detail the insurance and reinsurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that the insurance then carried and maintained with respect to the Aircraft complies with the terms hereof; providedPROVIDED, howeverHOWEVER, that all information contained in the foregoing report shall not be made available by the Indenture Trustee or the Loan Participants Secured Creditors to anyone except (A) to permitted transferees of the Loan Participants' or interest of the Indenture Trustee Secured Creditors who agree to hold such information confidential, (B) to the Loan ParticipantsSecured Creditors' or the Indenture Trustee's counsel counsels or independent certified public accountants or independent insurance advisors who agree to hold such information confidential or (C) as may be required by any statute, court or administrative order or decree or governmental ruling or regulation. The Owner Company will cause such Insurance Brokers to agree to advise the Indenture Trustee Collateral Agent in writing of any default in the payment of any premium and of any other act or omission on the part of the Owner Company of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft. To the extent such agreement is reasonably obtainable, the Owner Company will also cause such Insurance Brokers to agree to advise the Indenture Trustee Collateral Agent in writing at least thirty (30) days (seven (7) days in the case of war risk and allied perils coverage), ) prior to the expiration or termination date of any insurance carried and maintained on the Aircraft pursuant to this Section 7.043.6. In addition, the Owner Company will also cause such Insurance Brokers to deliver to the Indenture TrusteeCollateral Agent, on or prior to the date of expiration of any insurance policy referenced in a previously delivered certificate of insurance, a new certificate of insurance, substantially in the same form as delivered by the Owner Company to such party the Collateral Agent on the Closing Temporary Amendment Effective Date. In the event that the Owner Company or any Lessee shall fail to maintain or cause to be maintained insurance as herein provided, the Indenture Trustee Collateral Agent may at its sole option provide such insurance and, in such event, the Owner Company shall, upon demand, reimburse the Indenture Trustee Collateral Agent for the cost thereof to Indenture Trusteethe Collateral Agent, without waiver of any other rights Indenture Trustee the Collateral Agent may have.

Appears in 1 contract

Samples: Aircraft Mortgage and Security Agreement (Northwest Airlines Corp)

Reports, Etc. The Owner will furnish, or cause to be furnished, to the Indenture Trustee, on or before the Closing Date and on or before July 1 in each year thereafter commencing July, _____[ ], a report, signed by Aon Risk Services, Inc., Aon Risk Services of Minnesota, Inc. or any other independent firm of insurance brokers reasonably acceptable to the Indenture Trustee (the "Insurance Brokers"), describing in reasonable detail the insurance and reinsurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that the insurance then carried and maintained with respect to the Aircraft complies with the terms hereof; provided, however, that all information contained in the foregoing report shall not be made available by the Indenture Trustee or the Loan Participants to anyone except (A) to permitted transferees of the Loan Participants' or the Indenture Trustee who agree to hold such information confidential, (B) to the Loan Participants' or the Indenture Trustee's ’s counsel or independent certified public accountants or independent insurance advisors who agree to hold such information confidential or (C) as may be required by any statute, court or administrative order or decree or governmental ruling or regulation. The Owner will cause such Insurance Brokers to agree to advise the Indenture Trustee in writing of any default in the payment of any premium and of any other act or omission on the part of the Owner of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft. To the extent such agreement is reasonably obtainable, the Owner will also cause such Insurance Brokers to agree to advise the Indenture Trustee in writing at least thirty (30) days (seven (7) days in the case of war risk and allied perils coverage), prior to the expiration or termination date of any insurance carried and maintained on the Aircraft pursuant to this Section 7.04. In addition, the Owner will also cause such Insurance Brokers to deliver to the Indenture Trustee, on or prior to the date of expiration of any insurance policy referenced in a previously delivered certificate of insurance, a new certificate of insurance, substantially in the same form as delivered by the Owner to such party on the Closing Date. In the event that the Owner or any Lessee shall fail to maintain or cause to be maintained insurance as herein provided, the Indenture Trustee may at its sole option provide such insurance and, in such event, the Owner shall, upon demand, reimburse the Indenture Trustee for the cost thereof to Indenture Trustee, without waiver of any other rights Indenture Trustee may have.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)

Reports, Etc. The Owner Company will furnish, or cause to be furnished, to the Indenture TrusteeCollateral Agent, on or before the Closing Effective Date and on or before July 1 1, in each year thereafter commencing JulyJuly 1, _____, 2002 a report, signed by Aon Risk Services, Inc., Aon Risk Services Inc. of Minnesota, Inc. Xxxxx & XxXxxxxx, Incorporated or any other independent firm of insurance brokers reasonably acceptable to the Indenture Trustee Collateral Agent (the "Insurance Brokers"), describing in reasonable detail the insurance and reinsurance then carried and maintained with respect to the Aircraft and stating the opinion of such firm that the insurance then carried and maintained with respect to the Aircraft complies with the terms hereof; provided, provided however, that all information contained in the foregoing report shall not be made available by the Indenture Trustee or the Loan Participants Secured Creditors to anyone except (A) to permitted transferees of the Loan Participants' or interest of the Indenture Trustee Secured Creditors who agree to hold such information confidential, (B) to the Loan ParticipantsSecured Creditors' or the Indenture Trustee's counsel counsels or independent certified public accountants or independent insurance advisors who agree to hold such information confidential or (C) as may be required by any statute, court or administrative order or decree or governmental ruling or regulation. The Owner Company will cause such Insurance Brokers to agree to advise the Indenture Trustee Collateral Agent in writing of any default in the payment of any premium and of any other act or omission on the part of the Owner Company of which it has knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft. To the extent such agreement is reasonably obtainable, the Owner Company will also cause such Insurance Brokers to agree to advise the Indenture Trustee Collateral Agent in writing at least thirty (30) days (seven (7) days in the case of war risk and allied perils coverage), ) prior to the expiration or termination date of any insurance carried and maintained on the Aircraft pursuant to this Section 7.043.6. In addition, the Owner Company will also cause such Insurance Brokers to deliver to the Indenture TrusteeCollateral Agent, on or or, prior to the date of expiration of any insurance policy referenced in a previously delivered certificate of insurance, a new certificate of insurance, substantially in the same form as delivered by the Owner Company to such party the Collateral Agent on the Closing Effective Date. In the event that the Owner Company or any Lessee shall fail to maintain or cause to be maintained insurance as herein provided, the Indenture Trustee Collateral Agent may at its sole option provide such insurance and, in such event, the Owner Company shall, upon demand, reimburse the Indenture Trustee Collateral Agent for the cost thereof to Indenture Trusteethe Collateral Agent, without waiver of any other rights Indenture Trustee the Collateral Agent may have.

Appears in 1 contract

Samples: Credit and Guarantee Agreement (Northwest Airlines Corp)

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