Common use of Salvage Rights; Other Clause in Contracts

Salvage Rights; Other. All salvage rights to the Airframe and each Engine shall remain with Company’s insurers at all times, and any insurance policies of Loan Trustee insuring the Airframe or any Engine shall provide for a release to Company of any and all salvage rights in and to the Airframe or any Engine except if such insurance policies of Loan Trustee are obtained pursuant to the last paragraph of Section 7.06(g). Neither Loan Trustee nor any Noteholder may, directly or indirectly, obtain insurance for its own account with respect to the Airframe or any Engine if such insurance would limit or otherwise adversely affect the coverage or amounts payable under, or increase the premiums for, any insurance required to be maintained pursuant to this Section 7.06 or any other insurance maintained with respect to the Aircraft or any other aircraft in Company’s (or Permitted Lessee’s) fleet.

Salvage Rights; Other. All salvage rights to the Airframe and each Engine shall remain with Company’s insurers at all times, and any insurance policies of Loan Trustee insuring the Airframe or any Engine shall provide for a release to Company of any and all salvage rights in and to the Airframe or any Engine except if such insurance policies of Loan Trustee are obtained pursuant to the last paragraph of Section ‎Section 7.06(g). Neither Loan Trustee nor any Noteholder may, directly or indirectly, obtain insurance for its own account with respect to the Airframe or any Engine if such insurance would limit or otherwise adversely affect the coverage or amounts payable under, or increase the premiums for, any insurance required to be maintained pursuant to this Section ‎Section 7.06 or any other insurance maintained with respect to the Aircraft or any other aircraft in Company’s (or Permitted Lessee’s) fleet.

Salvage Rights; Other. All salvage rights to the Airframe and each Engine shall remain with Company’s Lessee's insurers at all times, and any insurance policies of Loan Trustee Trustee, Lessor or Owner Participant insuring the Airframe or any Engine shall provide for a release to Company Lessee of any and all salvage rights in and to the Airframe or any Engine except if such insurance policies of Loan Trustee are obtained pursuant to the last paragraph of Section 7.06(g)Engine. Neither Lessor, Owner Participant, Loan Trustee nor any Noteholder may, directly or indirectly, obtain insurance for its own account with respect to the Airframe or any Engine if such insurance would limit or otherwise adversely affect the coverage or amounts payable under, or increase the premiums for, any insurance required to be maintained pursuant to this Section 7.06 11 or any other insurance maintained with respect to the Aircraft or any other aircraft in Company’s (or Permitted Lessee’s) 's fleet.