Insurance Against Loss or Damage to Equipment. The Lessee will maintain in effect with insurers of recognized responsibility and reputation satisfactory to the Lessor and any Assignee, at its own expense, all-risk physical damage insurance with respect to all Equipment, which is of the type usually carried by Persons engaged in the same or similar business, similarly situated with the Lessee, and owning or operating similar equipment and which cover risk of the kind customarily insured against by such Persons, and in substantially the amount applicable to similar equipment owned, leased or held by the Lessee; provided that such insurance shall at all times be in an amount not less than the aggregate Acquisition Cost of such Unit of Equipment. The insurance required by this paragraph (b) may be subject to reasonable deductibles and the Lessee may self-insure with respect to the required coverage to the extent consistent with the Lessee's customary practice with respect to similar property owned by the Lessee.
Insurance Against Loss or Damage to Equipment. The Company, at its own cost and expense, shall maintain or cause to be maintained in effect, with insurers of recognized responsibility, all-risk coverage with respect to any Equipment, including, in the case of Engines only, war-risk and allied perils, hijacking (air piracy) and governmental confiscation and expropriation insurance (except in the country of registry) and in such form and amounts and with such retentions as the Company customarily maintains with respect to similar equipment owned or operated by the Company, provided, however, that (1) such retentions shall consist only of industry standard deductibles (determined, in the case of Engines, by the deductible applicable to the aircraft type on which the Engine is operated) and with no self insurance and (2) each Engine and Simulator shall be insured in an amount not less than its Agreed Value. Any policies carried and maintained in accordance with this Section 3.07(b) and any policies taken out in substitution or replacement for any such policies subject to the terms, conditions and limitations thereof shall:
Insurance Against Loss or Damage to Equipment. Lessee also agrees to provide all-risk insurance covering the Equipment, including fire, theft, lightening and electrical damage, provided that such insurance shall at all times while the Equipment is subject to this Lease be in an amount which covers the replacement value of such Equipment
Insurance Against Loss or Damage to Equipment. The Tenant will --------------------------------------------- maintain in effect with insurers of recognized responsibility rated "Very Good" or better by Best's Key Rating Guide, at its own expense, all-risk physical damage insurance with respect to all Equipment, which is of the type usually carried by Persons engaged in the same or similar business, similarly situated with Parent, and owning or operating similar equipment and which cover risk of the kind customarily insured against by such Persons, and in the amount of the insurable value thereof. The insurance required by this paragraph (b) may be subject to such deductibles and the Tenant may self-insure with respect to the required coverage only to the extent approved by the Landlord; provided, that no such approval shall be required for up to $100,000 of deductibles or self- insurance so long as Tenant or a guarantor of Tenant's obligations under this Lease meets the Minimum Net Worth Requirement, or $10,000 of deductible or self-insurance, at all other times.
Insurance Against Loss or Damage to Equipment. The Lessee will maintain in effect with insurers of recognized responsibility satisfactory to the Lessor, at its own expense, physical damage insurance with respect to all Equipment, which is of the type usually carried by corporations engaged in the same or similar business, similarly situated with the Lessee, and owning or operating similar equipment and which covers risk of the kind customarily insured against by such corporations, and in substantially the amount applicable to similar equipment owned, leased or held by the Lessee; provided, that such insurance shall at all times be in an amount not less than the aggregate Adjusted Acquisition Cost of all Equipment. The insurance required by this paragraph (b) may be subject to such deductibles and the Lessee may self-insure with respect to the required coverage only to the extent approved in writing by the Lessor.
Insurance Against Loss or Damage to Equipment. The Debtor covenants and agrees that it will, without cost to the Secured Party, maintain or cause to be maintained in effect with respect to the Equipment throughout the term of this Security Agreement with such underwriters against such risks and with deductibles under the broadest policy forms currently available from time to time and carried by prudent owners of similar equipment engaged in similar community repeater operations (at the time of issue of the policies in question) and approved by the Secured Party in accordance with applicable law, an all risk physical damage insurance policy insuring the Equipment against, among other things, loss, damage or destruction thereof from fire, explosion, windstorm, theft, breakage, and such other risks as the Debtor may deem necessary or desirable in an amount in U.S. dollars equal to, except as otherwise approved or required in writing by the Secured Party, the greater of the full replacement cost of the Equipment or the outstanding balance due under the Note. Each policy of insurance with respect to the Equipment shall provide that the Secured Party shall be the sole loss payee without liability for the payment of premiums. All insurance maintained under this Article 5 shall be primary insurance without right to contribution against any other insurance maintained by the Secured Party and shall contain provisions waiving underwriters' rights of
Insurance Against Loss or Damage to Equipment. The Lessee will maintain in effect with insurers of recognized responsibility reasonably satisfactory to the Lessor, at its own expense, physical damage insurance with respect to all Equipment, which is of the type usually carried by corporations engaged in the same or similar business, similarly situated with the Lessee, and owning or operating similar equipment and which cover risk of the kind customarily insured against by such corporations, and in substantially the amount applicable to similar equipment owned, leased or held by the Lessee; PROVIDED, that such insurance shall at all times be in an amount not less than the aggregate Adjusted Acquisition Cost of all Equipment. The insurance required by this paragraph (b) may be maintained with a captive insurance company, may be obtained by the Lessee by endorsement on its (or any Affiliate's) blanket insurance policies, may be subject to reasonable deductibles and the Lessee may self-insure with respect to the required coverage up to an aggregate amount of $250,000 or up to such other higher amount as may be approved in writing by the Lessor.
