Common use of Reports, Certificates, etc Clause in Contracts

Reports, Certificates, etc. At least three (3) Business Days prior to the Delivery Date of the Aircraft and concurrently with the renewal of each insurance policy (but in no event less frequently than once each calendar year), Lessee will furnish to Lessor and each Additional Insured a certificate signed by a firm of independent aircraft insurance brokers of recognized standing and responsibility in the international aviation insurance industry, appointed by Lessee and acceptable to Lessor, describing in reasonable detail the insurance then carried and maintained on the Equipment and certifying that the insurance then carried and maintained on the Aircraft and Engines complies with the terms hereof. Lessee will advise and will use commercially reasonable efforts to cause such firm to agree to advise Lessor and each Additional Insured in writing promptly of any default in the payment of any premium and of any other act or omission on the part of Lessee or otherwise of which it or they have knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft or any Engine. Lessee will also advise and will also use commercially reasonable efforts to cause such firm to agree to advise Lessor and each Additional Insured in writing of the termination date of any insurance carried and maintained on the Aircraft or any Engine pursuant to this Article at least thirty (30) days (seven (7) days, or such lesser period as is customarily available in accordance with industry practice, in the case of any war risk and allied perils coverage) prior to such termination date. Upon request by Lessor, Lessee will deliver to Lessor a true and complete copy of all policies of insurance carried by Lessee in accordance with the requirements of this Article 10; provided that any such request shall not be made any more frequently than once per year so long as no Event of Default is continuing. In the event that Lessee shall fail to maintain insurance as herein provided, Lessor may at its option obtain such insurance and, in such event, Lessee shall, upon demand, reimburse Lessor, as Supplemental Rent, for the cost thereof.

Reports, Certificates, etc. At least three five (35) Business Days prior to the Delivery Date of the Aircraft and concurrently with the renewal of each insurance policy (but in no event less frequently than once each calendar year), Lessee will furnish to Lessor and each Additional Insured a certificate signed by a firm of independent aircraft insurance brokers of recognized standing and responsibility in the international aviation insurance industry, appointed by Lessee and acceptable to Lessor, describing in reasonable detail the insurance then carried and maintained on the Equipment and certifying that the insurance then carried and maintained on the Aircraft and Engines complies with the terms hereof. Lessee will advise and will use commercially reasonable efforts to cause such firm to agree to advise Lessor and each Additional Insured in writing promptly of any default in the payment of any premium and of any other act or omission on the part of Lessee or otherwise of which it or they have knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft or any Engine. Lessee will also advise and will also use commercially reasonable efforts to cause such firm to agree to advise Lessor and each Additional Insured in writing of the termination date of any insurance carried and maintained on the Aircraft or any Engine pursuant to this Article at least thirty (30) days (seven (7) days, or such lesser period as is customarily available in accordance with industry practice, in the case of any war risk and allied perils coverage) prior to such termination date. Upon request by Lessor, Lessee will deliver to Lessor a true and complete copy of all policies of insurance insurance. carried by Lessee in accordance with the requirements of this Article 10; provided that any such request shall not be made any more frequently than once per year so long as no Event of Default is continuing. In the event that Lessee shall fail to maintain insurance as herein provided, Lessor may at its option obtain such insurance and, in such event, Lessee shall, upon demand, reimburse Lessor, as Supplemental Rent, for the cost thereof.

Reports, Certificates, etc. At least three five (35) Business Days prior to the Delivery Date of the Aircraft and concurrently with the renewal of each insurance policy (but in no event less frequently than once each calendar year), Lessee will furnish to Lessor and each Additional Insured a certificate signed by a firm of independent aircraft insurance brokers of recognized standing and responsibility in the international aviation insurance industry, appointed by Lessee and acceptable to Lessor, describing in reasonable detail the insurance then carried and maintained on the Equipment and certifying that the insurance then carried and maintained on the Aircraft and Engines complies with the terms hereof. Lessee will advise and will use commercially reasonable efforts to cause such firm to agree to advise Lessor and each Additional Insured in writing promptly of any default in the payment of any premium and of any other act or omission on the part of Lessee or otherwise of which it or they have knowledge and which might invalidate or render unenforceable, in whole or in part, any insurance on the Aircraft or any Engine. Lessee will also advise and will also use commercially reasonable efforts to cause such firm to agree to advise Lessor and each Additional Insured in writing of the termination date of any insurance carried and maintained on the Aircraft or any Engine pursuant to this Article at least thirty (30) days (seven (7) days, or such lesser period as is customarily available in accordance with industry practice, in the case of any war risk and allied perils coverage) prior to such termination date. Upon request by Lessor, Lessee will deliver to Lessor a true and complete copy of all policies of insurance carried by Lessee in accordance with the requirements of this Article 10; provided that any such request shall not be made any more frequently than once per year so long as no Event of Default is continuing. In the event that Lessee shall fail to maintain insurance as herein provided, Lessor may at its option obtain such insurance and, in such event, Lessee shall, upon demand, reimburse Lessor, as Supplemental Rent, for the cost thereof.