Salvage Rights. All salvage rights to the Airframe and each Engine shall remain with the Company’s insurers 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 18 contracts
Samples: Participation Agreement (American Airlines Inc), Participation Agreement (American Airlines Inc), Participation Agreement (American Airlines Inc)
Salvage Rights. 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 Company or such Permitted Lessee, as the Company case may be, of any and all salvage rights in and to the Airframe or any Engine.
Appears in 7 contracts
Samples: Indenture and Security Agreement (Jetblue Airways Corp), Indenture and Security Agreement (Jetblue Airways Corp), Indenture and Security Agreement (Alaska Air Group, Inc.)
Salvage Rights. 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 or such Permitted Lessee, as the case may be, of any and all salvage rights in and to the Airframe or any Engine.
Appears in 3 contracts
Samples: Participation Agreement (American Airlines, Inc.), Participation Agreement (American Airlines Inc), Deposit Agreement
Salvage Rights. All salvage rights to the such Airframe and each such Engine shall remain with the Company’s insurers at all times, and any insurance policies of the Loan Trustee Security Agent insuring the such Airframe or any such Engine shall provide for a release to the Company of any and all salvage rights in and to the such Airframe or any such Engine.
Appears in 2 contracts
Samples: Aircraft Security Agreement (American Airlines Inc), Aircraft Security Agreement (American Airlines Inc)
