Common use of Requirements for All Insurances Clause in Contracts

Requirements for All Insurances. All Insurances shall: (a) be maintained in effect with insurers reasonably acceptable to Lessor, and, if applicable, reinsurers reasonably acceptable to Lessor, of recognised responsibility, specialising and normally participating in the international aviation insurance market and carrying and maintaining an A.M. Best rating of not less than A-, Class VII; (b) provide that in respect of the interests of the Additional Insureds such policies of insurance shall insure the Additional Insureds regardless of any breach or violation of any warranty, declarations or conditions contained in such policies by Lessee or any other Person; (c) provide that the Additional Insureds shall have no responsibility for any premiums, assessments, warranties or representations in connection with such insurance; (d) include the geographic limits of all territories over which the Aircraft and any Engine will be operated; (e) waive any rights of set off, counterclaim or deduction, whether by attachment or otherwise, and all rights of subrogation against the Additional Insureds and their respective successors, assigns, agents, officers, employees and servants, other than set-off for unpaid premiums in respect of the Aircraft; and (f) provide that if the insurers cancel such insurance for any reason whatever, or the same is allowed to lapse for nonpayment of premium, or if there is any material change in policy terms and conditions, such cancellation, lapse or change shall not be effective until thirty (30) days after receipt by Lessee’s designated broker of written notice from such insurers of such cancellation, lapse or change (ten (10) days for nonpayment of premium and seven (7) days for cancellation with respect to war risk and allied perils insurance or such shorter period as shall be customary on the London market for such insurance in such area of the world). Lessee shall cause such designated broker to immediately notify the Additional Insureds of any such notice of cancellation or termination.

Requirements for All Insurances. All Insurances shall: (a) be maintained in effect with insurers reasonably acceptable to Lessor, and, if applicable, reinsurers reasonably acceptable to Lessor, of recognised responsibility, specialising and normally participating in the international aviation insurance market and carrying and maintaining an A.M. Best rating of not less than A-, Class VII; (b) provide that in respect of the interests of the Additional Insureds such policies of insurance shall insure the Additional Insureds regardless of any breach or violation of any warranty, declarations or conditions contained in such policies by Lessee or any other Person; (c) provide that the Additional Insureds shall have no responsibility for any premiums, assessments, warranties or representations in connection with such insurance; (d) include the geographic limits of all territories over which the Aircraft and any Engine will be operated; (e) waive any rights of set off, counterclaim or deduction, whether by attachment or otherwise, and all rights of subrogation against the Additional Insureds and their respective successors, assigns, agents, officers, employees and servants, other than set-off for unpaid premiums in respect of the Aircraft; and (f) provide that if the insurers cancel such insurance for any reason whatever, or the same is allowed to lapse for nonpayment of premium, or if there is any material change in policy terms and conditions, such cancellation, lapse or change shall not be effective until thirty (30) days after receipt by Lessee’s designated broker of written notice from such insurers of such cancellation, lapse or change (ten (10) days for nonpayment of premium and seven (7) days for cancellation with respect to war risk and allied perils insurance or such shorter period as shall be customary on the London market for such insurance in such area of the world). Lessee shall cause such designated broker to immediately notify the Additional Insureds of any such notice of cancellation or termination. ***** Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.

Requirements for All Insurances. All Insurances insurances to be maintained by Lessee in accordance with the requirements of Section 13.1 shall: (a) be maintained in effect with insurers reasonably acceptable to Lessor, and, if applicable, reinsurers reasonably acceptable to Lessor, of recognised responsibility, specialising and normally participating reflect prudent practices in the international U.S. aviation insurance market and carrying and maintaining an A.M. Best rating for air carriers operating the same type of not less than A-, Class VIIaircraft as the Aircraft on similar routes; (b) provide that the coverage for each Additional Insured shall not be invalidated by any act or omission (including misrepresentation and non-disclosure) of any other Insured which results in respect a breach of any term, condition or warranty of the interests of policy provided that the Additional Insureds such policies of insurance shall insure the Additional Insureds regardless of any breach Insured so protected has not have caused, contributed to or violation of any warranty, declarations knowingly condoned said act or conditions contained in such policies by Lessee or any other Personomission; (c) provide that the coverage for each Additional Insured is provided for such solely in its capacity as Mortgagee, Lender, Lessor, under the Operative Documents, as the case may be, and not in any other capacity, and that any knowledge that any Additional Insured may have, or acquire, or actions that it may take or fail to take in any other capacity (pursuant to any other contract or otherwise) shall not invalidate the coverage afforded by this Article 13; (d) provide that the Additional Insureds shall have no responsibility for any premiums, assessments, warranties or representations in connection with such insuranceand the insurers shall waive any rights of set-off or counterclaim against the Additional Insureds; (de) include provide that the insurer waives any rights of subrogation against Lessor and any other Additional Insured; (f) provide that upon payment of any loss or claim to or on behalf of any Additional Insured, the insurers shall to the extent and in respect of such payment thereupon be subrogated to all legal and equitable rights of the Additional Insured(s), indemnified hereby (but not against any Additional Insured), insurers shall not exercise such rights without the consent of those indemnified, such consent not to be unreasonably withheld and that at the expense of the insurers, such Additional Insured(s) shall do all things reasonably necessary to assist the insurers to exercise said rights; (g) provide that the coverage required hereunder may only be cancelled or materially altered in manner adverse to the Additional Insureds by the insurers giving the Additional Insureds not less than thirty (30) days’ prior written notice of such cancellation or alteration (except that with respect to war and allied perils coverage, such period of notice shall be seven (7) days or such period as may be customarily available in the United States market for such insurance and except that with respect to non-payment of premium, such period of notice shall be ten (10) days; any such notice period shall be deemed to commence from the date such notice is mailed to each of Lessor and any Lender; provided, however, such notice need not be given at normal expiry date of the policy or any endorsement; (h) provide for worldwide coverage or include, at a minimum, the geographic limits limits, if any, of all territories over which the Aircraft and any Engine will be operated; (ei) waive any rights of set off, counterclaim or deduction, whether by attachment or otherwise, and provide that all rights of subrogation against claims shall be paid in United States Dollars; (j) specifically reference this Agreement to the Additional Insureds and their respective successors, assigns, agents, officers, employees and servants, other than set-off for unpaid premiums in respect extent of the Aircraftterms, limits, conditions and exclusions of such policies; and (fk) provide that if the insurers cancel such insurance for any reason whatever, or the same is allowed to lapse for nonpayment of premium, or if there is any material change in policy terms and conditions, such cancellation, lapse or change shall not be effective until thirty (30) days after receipt by Lessee’s designated broker of written notice from such insurers of such cancellation, lapse or change (ten (10) days for nonpayment of premium and seven (7) days for cancellation with respect to war risk and allied perils Section 13.1(d) hereof, provide that the insurance or such shorter period as shall be customary on the London market for such primary and without right of contribution from any other insurance in such area of the world). Lessee shall cause such designated broker which may be available to immediately notify the Additional Insureds of any such notice of cancellation or terminationInsureds.

Requirements for All Insurances. All Insurances shall: (a) be maintained in effect with insurers reasonably acceptable to Lessor, and, if applicable, reinsurers reasonably acceptable to Lessor, of recognised recognized responsibility, specialising specializing and normally participating in the international aviation airline insurance market market; *** Material has been omitted pursuant to a request for confidential treatment and carrying and maintaining an A.M. Best rating of not less than A-, Class VII;filed separately with the SEC (b) provide that in respect of the interests of the Additional Insureds such policies of insurance shall insure the Additional Insureds regardless of any breach or violation of any warranty, declarations or conditions contained in such policies by Lessee or any other Personinsured; (c) provide that that, other than in respect of unpaid premiums with respect to the Aircraft, Engines, Parts, and/or other Items of Equipment, the Additional Insureds shall have no responsibility for any premiums, assessments, warranties or representations in connection with such insurance; (d) include the geographic limits of all territories over which the Aircraft and any Engine will be operated, subject to such territory exclusions as may be usual and customary in the worldwide airline insurance marketplace for airlines similarly situated and operating similar aircraft as the Lessee; (e) waive any rights of set offsetoff, counterclaim counterclaim, or deductiondeduction (other than in respect of unpaid premiums with respect to the Aircraft, Engines, Parts, and/or Items of Equipment), whether by attachment or otherwise, and all rights of subrogation against the Additional Insureds and their respective successors, assigns, agents, officers, employees and servants, other than set-off for unpaid premiums in respect but only to the same extent the Lessee has waived its rights of recovery against and/or indemnified the AircraftAdditional Insureds and their respective successors, assigns, agents, officers, employees and servants; and (f) provide that if the insurers cancel such insurance for any reason whatever, or the same is allowed to lapse for nonpayment of premium, or if there is any adverse material change in policy terms and conditionsconditions adverse to the interests of the Additional Insureds, such cancellation, lapse cancellation or change shall not be effective until thirty (30) days after receipt from issurance by Lessee’s designated appointed broker of written notice from such insurers to Lessor of such cancellation, lapse cancellation or change (ten (10) days for nonpayment of premium and seven (7) days for cancellation with respect to war risk and allied perils insurance or such shorter period as shall be customary on the London market for such insurance in such area of the world). Lessee shall cause such designated broker to immediately notify the Additional Insureds of any such notice of cancellation or termination.