Salvage Rights; Other. All salvage rights to the Airframe and each Engine shall remain with the Company’s insurers or the applicable Permitted Lessee’s insurers, as the case may be, at all times, and any insurance policies of the Loan Trustee insuring the Airframe or any Engine shall provide for a release to the Company of any and all salvage rights in and to the Airframe or any Engine.
Appears in 4 contracts
Samples: Indenture and Security Agreement (Spirit Airlines, Inc.), Indenture and Security Agreement, Indenture and Security Agreement (Spirit Airlines, Inc.)
Salvage Rights; Other. All salvage rights to the each Airframe and each Engine shall remain with the CompanyOwner’s insurers or the applicable Permitted Lessee’s insurers, as the case may be, at all times, and any insurance policies of the Loan Trustee Mortgagee insuring the any Airframe or any Engine shall provide for a release to the Company Owner of any and all salvage rights in and to the any Airframe or any and Engine.
Appears in 1 contract
Samples: Trust Indenture and Mortgage (United Airlines, Inc.)
