Common use of Named Insureds; Loss Payees Clause in Contracts

Named Insureds; Loss Payees. The Lessee shall provide for the Lessor, the Owner Trustee, U.S. Trust and the Collateral Agent to be named additional insureds where possible, and, with respect to physical damage coverage, named loss payees to the full extent of their interests in all insurance policies and indemnification agreements relating to the Nuclear Material required under this Section. All such policies and, where possible, indemnification agreements, shall provide for at least ten (10) days' prior written notice to the Lessor, the Owner Trustee, U.S. Trust and the Collateral Agent of any cancellation or material alteration of such policies.