Common use of Reports and Certificates; Other Information Clause in Contracts

Reports and Certificates; Other Information. On or prior to the Closing Date and on or prior to each renewal date of the insurance policies required hereunder, the Owner will furnish or cause to be furnished to the Indenture Trustee insurance certificates describing in reasonable detail the insurance maintained by the Owner hereunder and a report, signed by the Owner’s regularly retained independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that (a) all premiums in connection with the insurance then due have been paid and (b) such insurance complies with the terms of this Annex B, except that such opinion shall not be required with respect to war risk insurance provided by the FAA. To the extent such agreement is reasonably obtainable Owner will also cause the Insurance Broker to agree to advise Indenture Trustee in writing of any default in the payment of any premium due and to advise Indenture Trustee promptly in writing (seven days in the case of war-risk and allied perils coverage or such shorter period as may be available in the international insurance market, as the case may be, if applicable) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B.

Reports and Certificates; Other Information. On or prior to the Closing Date and on or prior to each renewal date of the insurance policies required hereunder, the Owner will furnish or cause to be furnished to the Indenture Trustee Mortgagee insurance certificates describing in reasonable detail the insurance maintained by the Owner hereunder and a report, signed by the Owner’s regularly retained independent insurance broker (the “Insurance Broker”), stating the opinion of such Insurance Broker that (a) all premiums in connection with the such insurance then due have been paid and (b) such insurance complies with the terms of this Annex B, except that such opinion shall not be required with respect to war risk insurance provided by the FAA. To the extent such agreement is reasonably obtainable Owner will also cause the Insurance Broker to agree to advise Indenture Trustee Mortgagee in writing of any default in the payment of any premium due and to advise Indenture Trustee Mortgagee promptly in writing (seven days in the case of war-risk and allied perils coverage or such shorter period as may be available in the international insurance market, as the case may be, if applicable) prior to the cancellation, lapse or material adverse change of any insurance maintained pursuant to this Annex B.