Period of Cover. This FHA shall become effective on the date of first commercial service of an Eligible Engine and will remain in force and effect for a period of ***** for each such Eligible Engine.
Period of Cover. Deductibles are ................................................................................................................................ ................................................................................................................................ ................................................................................................................................ ................................................................................................................................ ................................................................................................................................ ................................................................................................................................ ................................................................................................................................ If Option A is used If Option C, E or G is used If Option C is used
Period of Cover. 12 months from 1 April 2004.
Period of Cover. You are able to select the length of time You wish to protect Your Product from Accidental Damage. The Cover periods available to You are; one, two, three or four years.
Period of Cover. Deductibles are ................................................................................................................................ ............................................................................................. 2. Insurance against ................................................................................................................................ ................................................................................................................. Cover is ................................................................................................................................
Period of Cover. 3.1 FHA coverage and payment as set forth in this FHA will begin for each Eligible Engine as of the date of each Engine’s initial entry into service and will remain in force and effect for each Eligible Engine as follows:
3.1.1 For fifty percent (50%) of the Eligible Engines, until the expiration of ten (10) years after delivery of each such Eligible Engine (“Period of Cover A”); and
3.1.2 For each of the remaining fifty percent (50%) of the Eligible Engines, until the later of (a) the expiration of ten (10) years after delivery of each such Eligible Engine; and (b) completion of two (2) Restoration Shop Visits for each such Eligible Engine (“Period of Cover B”).
3.2 Vuela shall have the option to elect which Period of Cover is applicable for each Eligible Engine within the constraints listed above by providing written notice to the IAE FHA Manager of its election for each Eligible Engine by no later than the date of induction for the first Restoration Shop Visit of each such Engine. For each Eligible Engine for which Vuela has not provided notice of its election prior to such Engine’s first Restoration Shop Visit, the applicable Period of Cover shall be Period of Cover A.
3.3 In the event that after the Period of Cover for an Eligible Engine has been determined in accordance with 3.2 above, Vuela sells or otherwise transfers such Engine to a lessor or financier as part of a sale and leaseback or similar financing arrangement, then Vuela at its election may request in writing that such Eligible Engine be reallocated from Period of Cover A to Period of Cover B (or vice versa). Following IAE’s receipt of Vuela’s request, the Parties will mutually evaluate whether some or all of the Eligible Engines can be reallocated between the two Period of Cover options to accommodate Vuela’s change in financing while at the same time maintaining (a) the Period of Cover balance set forth in Clause 3.1 and (b) the economic effects of the previous allocation. If the Parties determine that such reallocation can be accomplished within the criteria set forth in the preceding sentence, the Parties will amend Exhibit A to this Agreement to reflect the agreed-upon reallocation.
3.4 The Parties agree to amend Exhibit A to this Agreement from time to time to accurately reflect the Period of Cover applicable for each Eligible Engine, as determined in accordance with this Clause 3.
Period of Cover. 6.1 The minimum initial period of insurance is 12 months.
6.2 Cover (except for a child born during the period of insurance) will start at 00:00 a.m. on the first day and end at 11:59 p.m. on the last day of the period of insurance.
Period of Cover. Continuous cover, always open.
Period of Cover. Maximum of Thirty One (31) days in the event the immediately following “Premium Charged Date” falls within 30 days from commencement of Insurance.
Period of Cover. Policy Schedule on whose death the Death Benefit becomes payable. Where the Policy is a Joint Life First Death Policy, Life Assured always means the first life to die, and where the Policy is a Joint Life Second Death Policy, Life Assured always means the second life to die.
