Common use of Indemnification by Government in Lieu of Insurance Clause in Contracts

Indemnification by Government in Lieu of Insurance. Mortgagee agrees to accept, in lieu of insurance against any risk with respect to any Spare Engine Aircraft or Spare Engine described in Annex A, indemnification from, or insurance provided by, the U.S. Government, or upon the written consent of Mortgagee, other Government Entity, against such risk in an amount that, when added to the amount of insurance (including permitted self-insurance), if any, against such risk that Owner (or any Permitted Lessee) may continue to maintain, in accordance with this Section 2.05, shall be at least equal to the amount of insurance against such risk otherwise required by this Section 2.05; provided that the provisions of Section D of Annex A shall not apply to an indemnity or insurance provided by the U.S. Government in lieu of insurance required by Section C of Annex A, except to the extent the U.S. Government makes such provisions generally available to covered airlines.

Indemnification by Government in Lieu of Insurance. Mortgagee The Administrative Agent agrees to accept, in lieu of insurance against any risk with respect to any Spare Engine Aircraft an Airframe or Spare Engine described in Annex AB, indemnification from, or insurance provided by, the U.S. Government, or upon the written consent of Mortgageethe Administrative Agent, other Government EntityGovernmental Authority, against such risk in an amount that, when added to the amount of insurance (including permitted self-insurance), if any, against such risk that Owner the Borrower (or any Permitted Lessee) may continue to maintain, in accordance with this Section 2.053.06, shall be at least equal to the amount of insurance against such risk otherwise required by this Section 2.053.06; provided that the provisions of Section D of Annex A B shall not apply to an indemnity or insurance provided by the U.S. Government in lieu of insurance required by Section C of Annex AB, except to the extent the U.S. Government makes such provisions generally available to covered airlines.

Indemnification by Government in Lieu of Insurance. Mortgagee agrees to accept, in lieu of insurance against any risk with respect to any Spare Engine an Aircraft or Spare Engine described in Annex AB, indemnification from, or insurance provided by, the U.S. Government, or upon the written consent of Mortgagee, other Government Entity, against such risk in an amount that, when added to the amount of insurance (including permitted self-insurance), if any, against such risk that Owner (or any Permitted Lessee) may continue to maintain, in accordance with this Section 2.054.06, shall be at least equal to the amount of insurance against such risk otherwise required by this Section 2.054.06; provided that the provisions of Section D of Annex A B shall not apply to an indemnity or insurance provided by the U.S. Government in lieu of insurance required by Section C of Annex AB, except to the extent the U.S. Government makes such provisions generally available to covered airlines.