Common use of Pledged Spare Parts Liability Insurance Clause in Contracts

Pledged Spare Parts Liability Insurance. Each Grantor will carry or cause to be carried at all times, at no expense to Collateral Agent, third party liability insurance with respect to the Pledged Spare Parts, which is (i) of amount and scope as is usually carried by corporations engaged in the same or similar business, similarly situated with such Grantor and owning or operating similar spare parts for aircraft and engines and covering risks of the kind customarily insured against by such Grantor for equipment similar to the Pledged Spare Parts and (ii) maintained in effect with insurers of recognized responsibility. Each Grantor will carry or cause to be carried at all times, at no expense to Collateral Agent, with insurers of recognized [Second Lien Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement] responsibility, third party liability insurance covering the Designated Spare Parts Locations where any Pledged Spare Parts shall be located.

Pledged Spare Parts Liability Insurance. Each Grantor will carry or cause to be carried at all times, at no expense to Collateral the Administrative Agent, third party liability insurance with respect to the Pledged Spare Parts, which is (i) of amount and scope as is usually carried by corporations engaged in the same or similar business, similarly situated with such Grantor and owning or operating similar spare parts for aircraft and engines and covering risks of the kind customarily insured against by such Grantor for equipment similar to the Pledged Spare Parts and (ii) maintained in effect with insurers of recognized responsibility. Each Grantor will carry or cause to be carried at all times, at no expense to Collateral the Administrative Agent, with insurers of recognized [Second Lien Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement] responsibility, third party liability insurance covering the Designated Spare Parts Locations where any Pledged Spare Parts shall be located.

Pledged Spare Parts Liability Insurance. Each Grantor will carry or cause to be carried at all times, at no expense to Collateral Agent, third party liability insurance with respect to the Pledged Spare Parts, which is (i) of amount and scope as is usually carried by corporations engaged in the same or similar business, similarly situated with such Grantor and owning or operating similar spare parts for aircraft and engines and covering risks of the kind customarily insured against by such Grantor for equipment similar to the Pledged Spare Parts and (ii) maintained in effect with insurers of recognized responsibility. Each Grantor will carry or cause to be carried at all times, at no expense to Collateral Agent, with insurers of recognized [Second Lien Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement] responsibility, third party liability insurance covering the Designated Spare Parts Locations where any Pledged Spare Parts shall be located.

Pledged Spare Parts Liability Insurance. Each Grantor will carry or cause to be carried at all times, at no expense to Collateral Agent, third party liability insurance with respect to the Pledged Spare Parts, which is (i) of amount and scope as is usually carried by corporations engaged in the same or similar business, similarly situated with such Grantor and owning or operating similar spare parts for aircraft and engines and covering risks of the kind customarily insured against by such Grantor for equipment similar to the Pledged Spare Parts and (ii) maintained in effect with insurers of recognized responsibility. Each Grantor will carry or cause to be carried at all times, at no expense to Collateral Agent, with insurers of recognized [Second Lien Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement] responsibility, third party liability insurance covering the Designated Spare Parts Locations where any Pledged Spare Parts shall be located.recognized

Pledged Spare Parts Liability Insurance. Each Grantor will carry or cause to be carried at all times, at no expense to Collateral the Administrative Agent, third party liability insurance with respect to the Pledged Spare PartsParts (if any), which is (i) of amount and scope as is usually carried by corporations engaged in the same or similar business, similarly situated with such Grantor and owning or operating similar spare parts for aircraft and engines and covering risks of the kind customarily insured against by such Grantor for equipment similar to the Pledged Spare Parts (if any) and (ii) maintained in effect with insurers of recognized responsibility. Each Grantor will carry or cause to be carried at all times, at no expense to Collateral the Administrative Agent, with insurers of recognized [Second Lien Aircraft, Spare Engines and Spare Parts Mortgage and Security Agreement] responsibility, third party liability insurance covering the Designated Spare Parts Locations where any Pledged Spare Parts shall be located.