Common use of Insurance Covering Aircraft and Engines Clause in Contracts

Insurance Covering Aircraft and Engines. Aircraft hull all risks and aircraft hull war risks insurance in respect of each Aircraft owned or managed by any Borrower (both in flight and on the ground) and (ii) aircraft spare parts insurance (and cause aircraft hull war risks insurance endorsed to cover the foregoing Aircraft Collateral in respect of Engines not attached to any Aircraft), in each case, on an agreed value basis and (iii) in respect of engine parts and aviation related specialty tools, equipment and ramp/ground handling equipment, in each of clauses (i) and (ii), in an amount not less than $35,000,000 and otherwise in conformity with the requirements set forth below subsection (d) hereof and any requirements set forth in any relevant Aircraft Mortgage and in the case of (iii) in an amount equal to the replacement value.

Insurance Covering Aircraft and Engines. Aircraft hull all risks and aircraft hull war risks insurance in respect of each Aircraft owned or managed by any Borrower (both in flight and on the ground) and (ii) aircraft spare parts insurance (and cause aircraft hull war risks insurance endorsed to cover the foregoing Aircraft Collateral in respect of Engines not attached to any Aircraft), in each case, on an agreed value basis and (iii) in respect of engine parts and aviation related specialty tools, equipment and ramp/ground handling equipment, in each of clauses (i) and (ii), in an amount not less than $35,000,000 and otherwise in conformity with the requirements set forth below subsection (d) hereof and any requirements set forth in any relevant Aircraft Mortgage and in the case of (iii) in an amount equal to the replacement value.. [PHI Group] Revolving Credit, Term Loan and Security Agreement

Insurance Covering Aircraft and Engines. (A) Aircraft hull all risks and aircraft hull war risks insurance in respect of each Aircraft owned or managed by any Borrower (both in flight and on the ground) and ), (iiB) aircraft spare parts insurance (and cause aircraft hull war risks insurance endorsed to cover the foregoing Aircraft Collateral in respect of Engines not attached to any Aircraft), in each case, on an agreed value basis and (iiiC) in respect of engine parts and aviation related specialty tools, equipment and ramp/ground handling equipment, in each of clauses (iA) and (iiB), in an amount not less than $35,000,000 17,500,000 and otherwise in conformity with the requirements set forth below subsection (d) hereof and any requirements set forth in any relevant Aircraft Mortgage and in the case of (iiiC) in an amount equal to the replacement value.