Repossession Insurance Sample Clauses

Repossession Insurance. Subject to prior confirmation from GFL on a case by case basis, repossession insurance shall be maintained for Aircraft Assets subject to a Lease that are or will be registered in any jurisdiction listed on Schedule 4 attached hereto, as the same may be amended in writing from time to time by GFL.

Repossession Insurance. Subject to prior confirmation from GAL on a case by case basis, repossession insurance shall be maintained for Aircraft Assets subject to a Lease that are or will be registered in any jurisdiction listed on Schedule 4 attached hereto, as the same may be amended in writing from time to time by GAL.

Repossession Insurance. (a) Lessor may maintain in effect throughout the Term, aircraft repossession/political risk insurance underwritten by Lloyd's or such other insurers ("Repossession Insurance") as shall be acceptable to Lessor and in an agreed amount acceptable to Lessor, naming Lessor or its designee as the sole loss payee thereunder. Lessee shall be required to pay, and shall indemnify and hold Lessor harmless from, all premiums and other costs and expenses of or associated with such repossession/political risk insurance. (b) If Lessee or Lessor is unable to obtain the Repossession Insurance, Lessee may deliver to Lessor an unconditional and irrevocable stand-by letter of credit in substantially the form attached as Exhibit C and otherwise acceptable to Lessor in an amount equal to not less than 12 months Basic Rent payments (the "Insurance Letter of Credit") and issued or confirmed by a bank located in New York, New York U.S.

Repossession Insurance. Subject to prior confirmation from Genesis on a case by case basis, repossession insurance shall be maintained for MSA Aircraft Assets subject to a Lease that are or will be registered in any jurisdiction listed on Schedule 4 attached hereto, as the same may be amended in writing from time to time by Genesis.

Repossession Insurance. Subject to prior confirmation from AFT on a case by case basis, repossession insurance shall be maintained for Aircraft Assets subject to a Lease that are or will be registered in any jurisdiction listed on Schedule 4 attached hereto, as the same may be amended in writing from time to time by AFT.

Repossession Insurance. Lessor shall received satisfactory ---------------------- evidence of the existence of a policy in Lessor's favor of repossession insurance commonly known as "Political Risk" insurance.