Common use of Deductibles Clause in Contracts

Deductibles. If there is a material adverse change in the financial condition of LESSEE which LESSOR reasonably believes will not enable LESSEE to pay the deductible upon the occurrence of a partial loss of the Aircraft or an Engine, then LESSOR may require LESSEE at LESSEE's expense to lower its deductibles on the insurance maintained hereunder to a level which is available on commercially reasonable terms in the insurance market.

Appears in 28 contracts

Sources: Aircraft Lease Agreement (Amtran Inc), Aircraft Lease Agreement (Amtran Inc), Aircraft Lease Agreement (Amtran Inc)

Deductibles. If there is a material adverse change in the financial condition of LESSEE which LESSOR reasonably believes will not enable cause LESSEE to be unable to pay the then current deductible upon the occurrence of a partial loss of the Aircraft or an Engine, then LESSOR may require LESSEE at LESSEE's expense to lower its deductibles on the insurance maintained hereunder such deductible to a level which is available on commercially reasonable terms in the insurance market.

Appears in 2 contracts

Sources: Aircraft Lease Agreement, Aircraft Lease Agreement

Deductibles. If there is a material adverse change in the financial condition of LESSEE which LESSOR reasonably believes will not enable cause LESSEE to be unable to pay the deductible upon the occurrence of a partial loss of the Aircraft or an Engine, then LESSOR (acting reasonably and in consultation with the other providers of LESSEE's aircraft) may require LESSEE at LESSEE's expense to lower its deductibles on the insurance maintained hereunder to a level which is available on commercially reasonable terms in the insurance market.

Appears in 2 contracts

Sources: Aircraft Lease Agreement (Copa Holdings, S.A.), Aircraft Lease Agreement (Copa Holdings, S.A.)

Deductibles. If there is a material adverse change in the financial condition of LESSEE Lessee which LESSOR Lessor reasonably believes will not enable LESSEE cause Lessee to be unable to pay the deductible upon the occurrence of a partial loss of the Aircraft or an Engine, then LESSOR Lessor may upon consultation with Lessee and its insurance brokers require LESSEE Lessee at LESSEE's Lessee’s expense to lower its deductibles on the insurance maintained hereunder to a level which is available on commercially reasonable terms in the insurance market.

Appears in 2 contracts

Sources: Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.), Aircraft Lease Agreement (Controladora Vuela Compania De Aviacion, S.A.B. De C.V.)

Deductibles. If there is a material adverse change in the financial condition of LESSEE which LESSOR reasonably believes will not enable cause LESSEE to be unable to pay the deductible upon the occurrence of a partial loss of the Aircraft or an Engine, then LESSOR may require LESSEE at LESSEE's ’s expense to lower its deductibles on the insurance maintained hereunder to a level which is available on commercially reasonable terms in the insurance market.

Appears in 2 contracts

Sources: Credit Agreement (International Lease Finance Corp), Credit Agreement (International Lease Finance Corp)

Deductibles. If there has been a Payment Default and there is a material adverse change in the financial condition of LESSEE which LESSOR reasonably believes will not enable cause LESSEE to be unable to pay the deductible upon the occurrence of a partial loss of the Aircraft or an Engine, then LESSOR may require LESSEE at LESSEE's ’s expense to lower its deductibles on the insurance maintained hereunder to a level which is available on commercially reasonable terms in the insurance market.

Appears in 1 contract

Sources: Aircraft Lease Agreement (Frontier Airlines Inc /Co/)

Deductibles. If there is a material adverse change in the financial condition of LESSEE which LESSOR reasonably believes will not enable prevent LESSEE to pay from paying the deductible upon the occurrence of a partial loss of the Aircraft or an Engine, then LESSOR may require LESSEE at LESSEE's expense to lower its deductibles on the insurance maintained hereunder to a level which is available on commercially reasonable terms in the insurance market.

Appears in 1 contract

Sources: Aircraft Lease Agreement (Western Pacific Airlines Inc /De/)

Deductibles. If there is a material adverse change in the financial condition of LESSEE Lessee which LESSOR Lessor reasonably believes will not enable LESSEE cause Lessee to be unable to pay the deductible upon the occurrence of a partial loss of the Aircraft or an Engine, then LESSOR Lessor may require LESSEE Lessee at LESSEE's Lessee’s expense to lower its deductibles on the insurance maintained hereunder to a level which is available on commercially reasonable terms in the insurance market.

Appears in 1 contract

Sources: Aircraft Operating Lease Agreement (Global Crossing Airlines Group Inc.)

Deductibles. If there has been a Payment Default and there is a material adverse change in the financial condition of LESSEE which LESSOR reasonably believes will not enable cause LESSEE to be unable to pay the deductible upon the occurrence of a partial loss of the Aircraft or an Engine, then LESSOR may require LESSEE at LESSEE's expense to lower its deductibles on the insurance maintained hereunder to a level which is available on commercially reasonable terms in the insurance market.

Appears in 1 contract

Sources: Aircraft Lease Agreement (Frontier Airlines Inc /Co/)

Deductibles. If there is a material adverse change in the financial condition of LESSEE which LESSOR reasonably believes will not enable cause LESSEE to be unable to pay the deductible upon the occurrence of a partial loss of the Aircraft or an Engine, then LESSOR (acting reasonably and in consultation with the other providers of LESSEE’s aircraft) may require LESSEE at LESSEE's ’s expense to lower its deductibles on the insurance maintained hereunder to a level which is available on commercially reasonable terms in the insurance market.

Appears in 1 contract

Sources: Aircraft Lease Agreement (Copa Holdings, S.A.)

Deductibles. If there is a material adverse change in the financial condition of LESSEE which LESSOR reasonably believes that LESSEE will not enable LESSEE be unable to pay the deductible upon the occurrence of a partial loss of the Aircraft or an Engine, then LESSOR may require LESSEE at LESSEE's expense to lower its deductibles on the insurance maintained hereunder to a level [Redacted] and which is available on commercially reasonable terms in the insurance market.

Appears in 1 contract

Sources: Aircraft Lease Agreement (Hawaiian Airlines Inc/Hi)