Specific Terms of Insurances. Insurance policies which are underwritten in the London and/or other non-US insurance market and which pertain to financed or leased aircraft equipment contain the coverage and endorsements described in AVN67B or a successor London market endorsement as it may be amended or revised or its equivalent. Each of the Grantors agrees that, so long as this Agreement shall remain in effect, the Pool Aircraft will be insured and the applicable insurance policies endorsed either (i) in a manner consistent with AVN67B or a successor London market endorsement, as it may be amended or revised or its equivalent or (ii) as may then be customary in the airline industry for aircraft of the same type as the Pool Aircraft utilised by operators in the same country and whose operational network for such Pool Aircraft and credit status is similar to the type of business as the Lessee (if any) and at the time commonly available in the insurance market. In all cases, the relevant Grantor will set the standards, review and manage the insurances on the Pool Aircraft consistent with Leasing Company Practice with respect to similar aircraft.
Specific Terms of Insurances. Insurance policies which are underwritten in the London and/or other non-US insurance market and which pertain to financed or leased aircraft equipment contain the coverage and endorsements described in AVN67B as it may be amended or revised or its equivalent. Each of the Grantors agrees that, so long as this Agreement shall remain in effect, the Pool Aircraft will be insured and the applicable insurance policies endorsed either (i) in a manner consistent with AVN67B, as it may be amended or revised or its equivalent or (ii) as may then be customary in the airline industry for aircraft of the same type as the Pool Aircraft utilised by operators in the same country and whose operational network for such Pool Aircraft and credit status is similar to the type of business as the Lessee (if any) and at the time commonly available in the insurance market. In all cases, the relevant Grantor will set the standards, review and manage the insurances on the Pool Aircraft consistent with Leasing Company Practice with respect to similar aircraft.
Specific Terms of Insurances. Insurance policies which are underwritten in the London and/or other non-US insurance market and which pertain to financed or leased aircraft equipment contain the coverage and endorsements described in AVN67B as it may be amended or revised or its equivalent. Each of the Guarantors agrees that, so long as this Agreement shall remain in effect, the Eligible Aircraft will be insured and the applicable insurance policies endorsed either (i) in a manner consistent with AVN67B, as it may be amended or revised or its equivalent or (ii) as may then be customary in the airline industry for aircraft of the same type as the Eligible Aircraft utilised by operators in the same country and whose operational network for such Eligible Aircraft and credit status is similar to the type of business as the lessee (if any) and at the time commonly available in the insurance market. In all cases, the relevant Guarantor will set the standards, review and manage the insurances on the Eligible Aircraft consistent with Leasing Company Practice with respect to similar aircraft.
Specific Terms of Insurances. Insurance policies which are underwritten in the London insurance market and which pertain to financed or leased aircraft equipment contain the coverage and endorsements described in AVN67B. The present form of AVN67B is set forth in an "Exhibit C" to each Lease. Each of the Borrower and the Sub-Borrower agrees that, throughout the Security Period, the Aircraft will be insured and the applicable insurance policies endorsed either (i) in a manner consistent with AVN67B, as it may be amended or revised or its equivalent or (ii) as may then be customary in the airline industry for aircraft of the same type as the Aircraft utilised by operators in the same country and whose operational network for such Aircraft and credit status is similar to the type of business as the Lessee (if any) and at the time commonly available in the insurance market. In all cases, the Borrower or Sub-Borrower will set the standards, review and manage the insurances on the Aircraft consistent with the manner in which the Borrower or Sub-Borrower or its affiliates does so with respect to its other aircraft.
