Deductibles and Self-Insurance. Beginning five (5) years after the Delivery Date, the Lessee may from time to time self-insure, by way of deductible or premium adjustment provisions in insurance policies or otherwise, the risks required to be insured against pursuant to this Section 9 in such amounts as are then self-insured with respect to similar owned or leased aircraft in the Lessee's fleet but in no case shall such self-insurance in the aggregate exceed, on a per occurrence or on fleetwide basis, an amount equal to 5% of the Lessee's tangible net worth, calculated as at the end of the Lessee's immediately preceding fiscal year (but in no event to exceed $10,000,000). A deductible per occurrence that is not in excess of the prevailing standard market deductible for similar aircraft shall be permitted, for each aircraft in the Lessee's fleet, in addition to such self-insurance.
Deductibles and Self-Insurance. Any insurance carried in accordance with this Section 12 may contain a provision for a deductible or self insurance in an amount not to exceed the amount set out in Exhibit B hereto as the permitted insurance deductible.
Deductibles and Self-Insurance. Lessee may from time to time self-insure, by way of deductible provisions in insurance policies, the risks required to be insured against pursuant to this Section 10 in such reasonable amounts as are then applicable to similar owned or Leased aircraft in Lessee's fleet but in no case shall such self- insurance exceed an aggregate hull and liability self-insurance retention of $280,000 per Aircraft per occurrence, and with deductibles under any liability policy not to exceed $1,250 for each and every loss with respect to passenger baggage, and $5,000 for each and every loss with respect to cargo.
Deductibles and Self-Insurance. Any deductibles or self-insured retentions must be declared and acceptable to Authority. At the option of Authority, and upon written notice to Airline, Airline shall (1) cause the insurer to either reduce or eliminate such deductibles or self-insured retentions as respects Authority, its Board, officers, officials, and employees, or (2) procure a bond or letter of credit guaranteeing payment of losses and related investigations, claim administration, and defense expenses in an amount equal to the unaccepted deductible or self-insurance retention.
Deductibles and Self-Insurance. Lessee may from time to time self-insure, by way of deductible or premium adjustment provisions in insurance policies, the risks required to be insured against pursuant to Section 10(a) or (b), but in no case shall such self-insurance exceed the following:
(i) the amount of self-insurance applicable to any owned or leased aircraft similar to the Aircraft in Lessee's fleet; and
(ii) for hull insurance, Lessee may self-insure for events that are not an Event of Loss in amounts not more than US$500,000, unless Lessee's self-insured retention an other similar aircraft in its fleet is of a lesser amount, in which event the lower amount shall apply to the Aircraft. No deductible shall apply in the event of an Event of Loss.
Deductibles and Self-Insurance. The Lessee may from time to time self-insure, by way of deductible or premium adjustment provisions in insurance policies or otherwise, the risks required to be insured against pursuant to this Section 9 in such amounts as are then self-insured with respect to similar owned or leased aircraft in the Lessee's fleet but in no case shall such self-insurance in the aggregate exceed $15,000,000 on a per occurrence or on fleetwide basis. A deductible per occurrence that is not in excess of the prevailing standard market deductible for similar aircraft shall be permitted, for each aircraft in the Lessee's fleet, in addition to such self-insurance.
Deductibles and Self-Insurance. So long as no Event of Default shall have occurred and be continuing, the Lessee may from time to time self-insure or maintain deductible provisions with respect to the risks required to be insured against pursuant to clauses (a) and (b) of Section 13.1, in such reasonable amounts as are then applicable to similar equipment owned or leased by the Lessee but in no case shall such self-insurance and deductibles with respect to each of clause (a) and clause (b) exceed the first $100,000 of the coverage specified therein.
Deductibles and Self-Insurance. The Borrower may not self-insure, by way of deductible or premium adjustment provisions in insurance policies or otherwise, except for a deductible per occurrence that is not in excess of prevailing standard market deductibles for similar aircraft.
Deductibles and Self-Insurance. So long as no Event of Default has occurred and is continuing, the Lessee may from time to time self-insure or maintain deductible provisions for the risks required to be insured against pursuant to clauses (a)(i) and (a)(ii) of Section 13.1, in such reasonable amounts as are then applicable to similar equipment owned or leased by the Lessee, but in no case shall such self-insurance and deductibles with respect to Section 13.1(a)(i) or Section 13.1(a)(ii) exceed the first $250,000 or $500,000, respectively, of the coverage required therein.
Deductibles and Self-Insurance. Lessee may from time to time self-insure, by way of deductible or premium adjustment provisions in insurance policies, the risks required to be insured against pursuant to Section 10(a), but in no case shall such self-insurance exceed US$500,000. No deductible shall apply in the event of an Event of Loss.
