Common use of Insurance Against Loss or Damage to the Aircraft Clause in Contracts

Insurance Against Loss or Damage to the Aircraft. (1) Except as provided in clause (2) of this subsection (b), and subject to the provisions of Section 11(d) permitting the self-insurance, Lessee shall maintain or cause to be maintained in effect, at its or any Sublessee's expense, with insurers of nationally or internationally recognized responsibility, all-risk aircraft hull insurance covering the Aircraft and fire and extended coverage and all-risk aircraft hull insurance covering Engines and Parts while temporarily removed from the Aircraft and not replaced by similar components; provided that such insurance shall at all times while the Aircraft is subject to this Lease be for an amount (taking into account the self-insurance to the extent permitted by Section 11(d)) not less than the Termination Value for the Aircraft; provided further, that, subject to compliance with Section 11(d), such all-risk property damage insurance covering Engines and Parts temporarily removed from an Airframe or an airframe or (in the case of Parts) an Engine need be obtained only to the extent available at reasonable cost (as reasonably determined by Lessee). In the case of a Loss with respect to an engine (other than an Engine) installed on the airframe in circumstances which do not constitute an Event of Loss with respect to the Airframe, Lessor shall promptly remit any payment made to it of any insurance proceeds in respect of such Loss to Lessee or any other third party that is entitled to receive such proceeds. Unless an Event of Default has occurred and is continuing, all losses will be adjusted by Lessee with the insurers. As between Lessor and Lessee, it is agreed that all insurance payments received as the result of the occurrence of an Event of Loss will be applied as follows:

Insurance Against Loss or Damage to the Aircraft. (1) Except as provided in clause (2) of this subsection (b), and subject to the provisions of Section 11(dsubsection (d) of this Exhibit H permitting the self-self- insurance, Lessee shall maintain or cause to be maintained in effect, at its or any Sublessee's expense, with insurers of nationally or internationally recognized responsibility, all-risk aircraft hull insurance covering the Aircraft and fire and extended coverage and all-risk aircraft ------------------ (10) Insert "A319", "A320" or "A330", as applicable. hull insurance covering Engines and Parts while temporarily removed from the Aircraft and not replaced by similar components; provided that such insurance shall at all times while the Aircraft is subject to this Lease be for an amount (taking into account the self-insurance to the extent permitted by Section 11(d)subsection (d) of this Exhibit H) not less than the Termination Value for the Aircraft; provided further, that, subject to compliance with Section 11(d)subsection (d) of this Exhibit H, such all-risk property damage insurance covering Engines and Parts temporarily removed from an Airframe or an airframe or (in the case of Parts) an Engine need be obtained only to the extent available at reasonable cost (as reasonably determined by Lessee). In the case of a Loss with respect to an engine (other than an Engine) installed on the airframe in circumstances which do not constitute an Event of Loss with respect to the Airframe, Lessor shall promptly remit any payment made to it of any insurance proceeds in respect of such Loss to Lessee or any other third party that is entitled to receive such proceeds. Unless an Event of Default has occurred and is continuing, all losses will be adjusted by Lessee with the insurers. As between Lessor and Lessee, it is agreed that all insurance payments received as the result of the occurrence of an Event of Loss will be applied as follows:

Insurance Against Loss or Damage to the Aircraft. (1) Except as provided in clause (2) of this subsection (b), and subject to the provisions of Section 11(dsubsection (d) of this Exhibit B permitting the self-insurance, Lessee Owner shall maintain or cause to be maintained in effect, at its or any SublesseeLessee's expense, with insurers of nationally or internationally recognized responsibility, all-risk aircraft hull insurance covering the Aircraft and fire and extended coverage and all-all- risk aircraft hull insurance covering Engines and Parts while temporarily removed from the Aircraft and not replaced by similar components; provided that such insurance shall at all times while the Aircraft is subject to this Lease the Lien of the Indenture be for an amount (taking into account the self-insurance to the extent permitted by Section 11(d)subsection (d) of this Exhibit B) not less than the Termination Value for amount payable under Section 5.06(a) upon the Aircraftoccurrence of an Event of Loss; provided further, that, subject to compliance with Section 11(d)subsection (d) of this Exhibit B, such all-risk property damage insurance covering Engines and Parts temporarily removed from an Airframe or an airframe or (in the case of Parts) an Engine need be obtained only to the extent available at reasonable cost (as reasonably determined by LesseeOwner). In the case of a Loss loss with respect to an engine (other than an Engine) installed on the airframe in circumstances which do not constitute an Event of Loss with respect to the Airframe, Lessor the Indenture Trustee shall promptly remit any payment made to it of any insurance proceeds in respect of such Loss loss to Lessee Owner or any other third party that is entitled to receive such proceeds. Unless an Event of Default has occurred and is continuing, all losses will be adjusted by Lessee Owner with the insurers. As between Lessor the Indenture Trustee and LesseeOwner, it is agreed that all insurance payments received as the result of the occurrence of an Event of Loss will be applied as follows: