AVN 67B. Notwithstanding the foregoing, if Sublessee provides insurance certificates in compliance with AVN 67B it shall be regarded as having satisfied those of the insurance provisions set out above that are covered by that endorsement.
AVN 67B. Owner may procure endorsements to the relevant insurance policies required to be maintained pursuant to Section 4.06 of the Trust Indenture and this Annex B so as to incorporate the terms of AVN 67B into such policies, in which event, to the extent that any provision of any such AVN 67B endorsement conflicts or is otherwise inconsistent with the requirements of Section 4.06 of the Trust Indenture or this Annex B then such endorsement shall be deemed to satisfy such requirements to the extent covered by such endorsement. If the terms of AVN 67B are incorporated into such policies, Owner will cause its Insurance Broker to issue an undertaking letter to the Additional Insureds confirming that the Insurance Broker will promptly advise the Additional Insureds upon becoming aware of the cancellation of or any material change in such insurance policies.
AVN 67B. Notwithstanding the foregoing, if Lessee provides insurance certificates in compliance with AVN 67B it shall be regarded as having satisfied those of the insurance provisions set out above that are covered by that endorsement.
AVN 67B. Notwithstanding anything to the contrary contained in this Article 19, Lessor shall accept the terms of AVN 67B or AVN67C (“Airline Finance/Lease Contract Endorsement”) where such endorsement is contrary to the terms of this Lease as long as such endorsement is customary in the major international insurance markets for commercial passenger airlines.
AVN 67B. Notwithstanding the provisions of this Article 16 and Exhibits C and D hereto, for so long as it remains the general practice of air carriers to insure equipment financed or leased on the basis of the Airline Finance/Lease Endorsement AVN 67B or its equivalent, Lessee may maintain insurances in respect of the Aircraft and this Lease which incorporate the terms and conditions of AVN 67B. To the extent any provision of AVN 67B conflicts with or is otherwise inconsistent with the requirements of this Article 16 and Exhibits C and D hereto, then the provisions of such terms and conditions of AVN 67B shall be deemed to satisfy the relevant requirements of this Lease.
AVN 67B. If the Company shall be insuring the Aircraft in the London or other market that utilizes London-form financier endorsements, an endorsement in the form of AVN 67B (or any form generally accepted in the international aviation insurance markets as the successor to such form) shall satisfy the endorsement requirements set forth in this Annex B. Annex B ANNEX C
AVN 67B. Lessor confirms that notwithstanding the provisions of this Clause 15 (Insurance) and Schedule 5 (Insurance Requirements), Lessee shall be entitled to maintain insurance in respect of the Aircraft for the purposes of this Agreement which reflects the then current Lloyds’ endorsement AVN 67B or any successor Lloyds’ endorsement. In the event that any provision of the then current AVN 67B or any successor Lloyds’ endorsement conflicts or is otherwise inconsistent with the requirements of this Clause 15 (Insurance) and Schedule 5 (Insurance Requirements), then (so long as it shall be general industry practice to insure aircraft financed or leased on the basis of any such endorsement) such conflicting or inconsistent provision of AVN 67B or any successor Lloyds’ endorsement (as at the date hereof) shall prevail and such endorsement shall be deemed to satisfy the requirements of this Agreement.
AVN 67B. Lessee shall be entitled to maintain insurance in respect of the Aircraft for the purposes of this Agreement which incorporates the terms and conditions of AVN 67B (as defined above) into such insurance. In that event, to the extent that any provision of AVN 67B conflicts with or is otherwise inconsistent with the requirements of this Agreement relating to insurance, then (so long as it shall be generally industry practice to insure aircraft financed or leased on the basis of AVN67B) such conflicting or inconsistent provision of AVN67B shall prevail and such endorsement shall be deemed to satisfy the requirements of this Agreement; PROVIDED, HOWEVER, that the parties agree that the terms of AVN 67B constitute part of the insurance contracts between Lessee and its underwriters and shall not affect any agreement between Lessor and Lessee in this Agreement relating to such parties' agreement as to the retention or application of any insurance proceeds.
