Common use of Self-Insurance Clause in Contracts

Self-Insurance. Lessee may self-insure by way of deductible, premium adjustment or franchise provisions or otherwise (including, with respect to insurance maintained pursuant to Section 11(b), insuring for a maximum amount which is less than the Stipulated Loss Value of the Aircraft) in the insurance covering the risks required to be insured against pursuant to this Section 11 under a program applicable to all aircraft in Lessee's fleet, but in no case shall the aggregate amount of self-insurance in regard to Section 11(a) and Section 11(b) exceed during any policy year, with respect to all of the aircraft in Lessee's fleet (including, without limitation, the Aircraft), the lesser of (a) 50% of the largest replacement value of any single aircraft in Lessee's fleet or (b) 1-1/2% of the average aggregate insurable value (during the preceding policy year) of all aircraft (including, without limitation, the Aircraft) on which Lessee carries insurance. In addition, Lessee (and any Sublessee) may self-insure to the extent of any applicable mandatory minimum per aircraft (or, if applicable, per annum or other period) hull or liability insurance deductible imposed by the aircraft hull or liability insurers.

Self-Insurance. Lessee The Owner may self-insure by way of deductible, premium adjustment or franchise provisions or otherwise (including, with respect to insurance maintained pursuant to Section 11(b7.04(b), insuring for a maximum amount which is less than the Stipulated Loan Loss Value of the Aircraft) in the insurance covering the risks required to be insured against pursuant to this Section 11 7.04 under a program applicable to all aircraft in Lesseethe Owner's fleet, but in no case shall the aggregate amount of self-insurance in regard to Section 11(a7.04(a) and Section 11(b7.04(b) exceed during any policy year, with respect to all of the aircraft in Lesseethe Owner's fleet (including, without limitation, the Aircraft), the lesser of (a) 50% of the largest replacement value of any single aircraft in Lesseethe Owner's fleet or (b) 1-1/2% of the average aggregate insurable value (during the preceding policy year) of all aircraft (including, without limitation, the Aircraft) on which Lessee the Owner carries insurance. In addition, Lessee the Owner (and any SublesseeLessee) may self-insure to the extent of any applicable mandatory minimum per aircraft (or, if applicable, per annum or other period) hull or liability insurance deductible imposed by the aircraft hull or liability insurers.

Self-Insurance. Lessee The Company may self-insure by way of deductible, premium adjustment or franchise provisions or otherwise (including, with respect to insurance maintained pursuant to Section 11(b3.6(b), insuring for a maximum amount amounts which is are less than the Stipulated Loss Value of the Aircraftamounts required by such Section) in the insurance covering the risks required to be insured against pursuant to this Section 11 3.6 under a program applicable to all the aircraft in Lesseethe Company's fleet, but in no case shall the aggregate amount of self-insurance in regard to Section 11(a3.6(a) and Section 11(b3.6(b) exceed during any policy year, with respect to all of the aircraft in Lesseethe Company's fleet (including, without limitation, the Aircraft), the lesser of (a) 50% of the largest replacement value of any single aircraft in Lesseethe Company's fleet or (b) 1-1/2% of the average aggregate insurable value (during the preceding policy year) of all aircraft (including, without limitation, the Aircraft) on which Lessee the Company carries insurance. In addition, Lessee the Company (and any SublesseeLessee) may self-insure to the extent of any applicable mandatory minimum per aircraft (or, if applicable, per annum or other period) hull or liability insurance deductible imposed by the aircraft hull or liability insurers.

Self-Insurance. Lessee The Company may self-insure by way of deductible, premium adjustment or franchise provisions or otherwise (including, with respect to insurance maintained pursuant to Section 11(b3.6(b), insuring for a maximum amount amounts which is are less than the Stipulated Loss Value of the Aircraftamounts required by such Section) in the insurance covering the risks required to be insured against pursuant to this Section 11 3.6 under a program applicable to all the aircraft in Lessee's the Company’s fleet, but in no case shall the aggregate amount of self-insurance in regard to Section 11(a3.6(a) and Section 11(b3.6(b) exceed during any policy year, with respect to all of the aircraft in Lessee's the Company’s fleet (including, without limitation, the Aircraft), the lesser of (a) 50% of the largest replacement value of any single aircraft in Lessee's the Company’s fleet or (b) 1-1/2% of the average aggregate insurable value (during the preceding policy year) of all aircraft (including, without limitation, the Aircraft) on which Lessee the Company carries insurance. In addition, Lessee the Company (and any SublesseeLessee) may self-insure to the extent of any applicable mandatory minimum per aircraft (or, if applicable, per annum or other period) hull or liability insurance deductible imposed by the aircraft hull or liability insurers.

Self-Insurance. Lessee The Owner may self-insure by way of deductible, premium adjustment or franchise provisions or otherwise (including, with respect to insurance maintained pursuant to Section 11(b7.04(b), insuring for a maximum amount which is less than the Stipulated Loan Loss Value of the Aircraft) in the insurance covering the risks required to be insured against pursuant to this Section 11 7.04 under a program applicable to all aircraft in Lesseethe Owner's fleet, but in no case shall the aggregate amount of self-self- insurance in regard to Section 11(a7.04(a) and Section 11(b7.04(b) exceed during any policy year, with respect to all of the aircraft in Lesseethe Owner's fleet (including, without limitation, the Aircraft), the lesser of (a) 50% of the largest replacement value of any single aircraft in Lesseethe Owner's fleet or (b) 1-1/2% of the average aggregate insurable value (during the preceding policy year) of all aircraft (including, without limitation, the Aircraft) on which Lessee the Owner carries insurance. In addition, Lessee the Owner (and any SublesseeLessee) may self-insure to the extent of any applicable mandatory minimum per aircraft (or, if applicable, per annum or other period) hull or liability insurance deductible imposed by the aircraft hull or liability insurers.

Self-Insurance. Lessee The Owner may self-insure by way of deductible, premium adjustment or franchise provisions or otherwise (including, with respect to insurance maintained pursuant to Section 11(b7.04(b), insuring for a maximum amount which is less than the Stipulated Loan Loss Value of the Aircraft) in the insurance covering the risks required to be insured against pursuant to this Section 11 7.04 under a program applicable to all aircraft in Lesseethe Owner's fleet, but in no case shall the aggregate amount of self-insurance in regard to Section 11(a7.04(a) and Section 11(b7.04(b) exceed during any policy year, with respect to all of the aircraft in Lesseethe Owner's fleet (including, without limitation, the Aircraft), the lesser of (a) 50% of the largest replacement value of any single aircraft in Lesseethe Owner's fleet or (b) 1-1/211/2% of the average aggregate insurable value (during the preceding policy year) of all aircraft (including, without limitation, the Aircraft) on which Lessee the Owner carries insurance. In addition, Lessee the Owner (and any SublesseeLessee) may self-insure to the extent of any applicable mandatory minimum per aircraft (or, if applicable, per annum or other period) hull or liability insurance deductible imposed by the aircraft hull or liability insurers.

Self-Insurance. Lessee The Company may self-insure by way of deductible, premium adjustment or franchise provisions or otherwise (including, with respect to insurance maintained pursuant to Section 11(b3.6(b), insuring for a maximum amount amounts which is are less than the Stipulated Loss Value of the Aircraftamounts required by such Section) in the insurance covering the risks required to be insured against pursuant to this Section 11 3.6 under a program applicable to all the aircraft in Lesseethe Company's fleet, but in no case shall the aggregate amount of self-insurance in regard to Section 11(a3.6(a) and Section 11(b3.6(b) exceed during any policy year, with respect to all of the aircraft in Lesseethe Company's fleet (including, without limitation, the Aircraft), the lesser of (a) 50% of the largest replacement value of any single aircraft in Lesseethe Company's fleet or (b) 1-1/211/2% of the average aggregate insurable value (during the preceding policy year) of all aircraft (including, without limitation, the Aircraft) on which Lessee the Company carries insurance. In addition, Lessee the Company (and any SublesseeLessee) may self-insure to the extent of any applicable mandatory minimum per aircraft (or, if applicable, per annum or other period) hull or liability insurance deductible imposed by the aircraft hull or liability insurers.

Self-Insurance. Lessee The Company may self-insure by way of deductible, premium adjustment or franchise provisions or otherwise (including, with respect to insurance maintained pursuant to Section 11(b3.6(b), insuring for a maximum amount which is less than the Stipulated Loan Loss Value of the AircraftValue) in the insurance covering the risks required to be insured against pursuant to this Section 11 3.6 under a program applicable to all aircraft in Lessee's the Company’s fleet, but in no case shall the aggregate amount of self-insurance in regard to insurance of the type referred to in Section 11(a3.6(a) and Section 11(b3.6(b) exceed during any policy year, with respect to all of the aircraft in Lessee's the Company’s fleet (including, without limitation, the Aircraft), the lesser of (a) 50*** % of the largest replacement value of any single aircraft in Lessee's the Company’s fleet or (b) 1-1/2*** % of the average aggregate insurable value (during the preceding policy year) of all aircraft (including, without limitation, the Aircraft) on which Lessee the Company carries insurance. In addition, Lessee the Company (and any SublesseeLessee) may self-insure to the extent of any applicable mandatory minimum per aircraft (or, if applicable, per annum or other period) hull or liability insurance deductible imposed by the aircraft hull or liability insurers.

Self-Insurance. Lessee The Owner may self-insure by way of deductible, premium adjustment or franchise provisions or otherwise (including, with respect to insurance maintained pursuant to Section 11(b7.04(b), insuring for a maximum amount which is less than the Stipulated Loan Loss Value of the Aircraft) in the insurance covering the risks required to be insured against pursuant to this Section 11 7.04 under a program applicable to all aircraft in Lessee's the Owner’s fleet, but in no case shall the aggregate amount of self-insurance in regard to Section 11(a7.04(a) and Section 11(b7.04(b) exceed during any policy year, with respect to all of the aircraft in Lessee's the Owner’s fleet (including, without limitation, the Aircraft), the lesser of (a) 50% of the largest replacement value of any single aircraft in Lessee's the Owner’s fleet or (b) 1-1/2% of the average aggregate insurable value (during the preceding policy year) of all aircraft (including, without limitation, the Aircraft) on which Lessee the Owner carries insurance. In addition, Lessee the Owner (and any SublesseeLessee) may self-insure to the extent of any applicable mandatory minimum per aircraft (or, if applicable, per annum or other period) hull or liability insurance deductible imposed by the aircraft hull or liability insurers.