Common use of Changes in Insurance Coverage Clause in Contracts

Changes in Insurance Coverage. No changes shall be made in any of the foregoing insurance requirements unless the prior written consent of the Lessor, the Lender and the Trustee are first obtained. The Lessor may grant or withhold its consent to any proposed change in such insurance in its sole discretion. The Lender and the Trustee shall be required to grant its consent to any proposed change in such insurance upon compliance with the following conditions: (i) The relevant Lessee or the Guarantor shall deliver not less than 30 days' prior written notice of any proposed change in such insurance to the Lender and the Trustee; (ii) The relevant Lessee or the Guarantor shall furnish to the Lender and the Trustee a letter from each Rating Agency with respect to all Outstanding Commercial Paper Notes and Notes rated by such Rating Agency to the effect that such proposed change will not cause a reduction in or a withdrawal of the current rating of such Commercial Paper Notes or the Notes; and (iii) The proposed change will satisfy the Rating Agency Confirmation Condition.

Changes in Insurance Coverage. No changes shall be made in any of the foregoing insurance requirements unless the prior written consent of the Lessor, the Lender and the Trustee are first obtained. The Lessor may grant or withhold its consent to any proposed change in such insurance in its sole discretion. The Lender and the Trustee shall be required to grant its their consent to any proposed change in such insurance upon compliance with the following conditions: (i) The relevant Lessee or the Guarantor shall deliver not less than 30 days' prior written notice of any proposed change in such insurance to the Lender and the Trustee; (ii) The relevant Lessee or the Guarantor shall furnish to the Lender and the Trustee a letter from each Rating Agency with respect to all Outstanding Commercial Paper Notes and Notes rated by such Rating Agency to the effect that such proposed change will not cause a reduction in or a withdrawal of the current rating of such Commercial Paper Notes or the Notes; and (iii) The proposed change will satisfy the Rating Agency Confirmation Condition.

Changes in Insurance Coverage. No changes shall be made in any of the foregoing insurance requirements unless the prior written consent of the Lessor, the Lender and the Trustee are first obtained. The Lessor may grant or withhold its consent to any proposed change in such insurance in its sole discretion. The Lender and the Trustee shall be required to grant its their consent to any proposed change in such insurance upon compliance with the following conditions: (i) The relevant Lessee or the Guarantor shall deliver not less than 30 days' prior written notice of any proposed change in such insurance to the Lender and the Trustee; (ii) The relevant Lessee or the Guarantor shall furnish to the Lender and the Trustee a letter from each Rating Agency with respect to all Outstanding Commercial Paper Notes and Notes rated by such Rating Agency to the effect that such proposed change will not cause a reduction in or a withdrawal of the current rating of such Commercial Paper Notes or the Notes; and (iii) The the proposed change will satisfy the Rating Agency Confirmation Condition.