War-Risk Insurance. If at any time (a) war-risk insurance is maintained by Lessee or any Permitted Sublessee subleasing the Aircraft or any Engine with respect to other aircraft operated by Lessee or such Permitted Sublessee on the same or similar routes, (b) the Aircraft is operated on routes where the custom in the United States commercial airline industry is to carry war-risk insurance, (c) the Aircraft is operated by a Permitted Foreign Air Carrier as a Permitted Sublessee in any recognized or threatened area of hostilities, or (d) the Aircraft is operated on any route where no other aircraft is regularly operated by a United States commercial airline and such route is within any such area of hostilities, then war-risk and allied perils insurance of the type carried by similarly situated United States commercial air carriers operating the same or comparable models of aircraft on the same or similar routes shall be maintained on the Aircraft in an amount not less than that specified in Section 11.2.
War-Risk Insurance. War risk and allied perils insurance on the Aircraft in an amount not less than the Stipulated Loss Value covering the perils of:
(a) war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, martial law, military or usurped power, or attempts at usurpation of power;
(b) strikes, riots, civil commotions or labor disturbances;
(c) any act of one or more persons, whether or not agents of a sovereign power, for political or terrorist purposes and whether the loss or damage therefrom is accidental or intentional;
(d) any malicious act or act of sabotage;
(e) confiscation, nationalization, seizure, restraint, detention, appropriation, requisition of title or use by or under the order of any government (whether civil, military or de facto) or public or local authority other than the government or any public or local authority of the country of registration; and
(f) hijacking or any unlawful seizure or wrongful seizure or wrongful exercise of control of the Aircraft or crew in flight (including any attempt at such seizure or control) made by any person or persons on board the Aircraft acting without the consent of Lessee.
War-Risk Insurance. During the Lease Term, Lessee shall maintain (or cause to be maintained), at no expense to Lessor War-Risk and Allied Perils Aviation Hull (including Spare Parts, Engines and Equipment) Insurance on an Agreed Value basis, which shall be not less than the Stipulated Loss Value. Such policy shall (i) insure against those perils excluded under Lessee's All Risks Hull and Spares policy(ies) by virtue of Lloyd's of London Exclusion Clause AVN.48B ("War, Hijacking and Other Perils Exclusion Clause") or its equivalent (other than paragraph (b) thereof relating to nuclear perils), (ii) provide for payment in U.S. Dollars, (iii) contain a 50/50 clause in accordance with Lloyd's of London Aviation Clause AVS.103 or its equivalent, (iv) be endorsed to include coverage for confiscation, requisition, nationalization, seizure, restraint, detention, appropriation, requisition of title or for use by any Governmental Authority (except for the government of registry) of the In-Use Aircraft, (v) provide coverage on a worldwide basis (subject only to such geographical limits as may be imposed by the hull, war and allied perils insurance) and (vi) be endorsed to include provisions identical to those contained in clauses (1), (2), (3), (4), (5), (6), (7), (8), and (9) of Section 9(b).
War-Risk Insurance. If at any time (a) war-risk insurance is maintained by Lessee or any Permitted Sublessee subleasing the Aircraft or any Engine with respect to other aircraft operated by Lessee or such Permitted Sublessee on the same or similar routes, or (b) the Aircraft is operated on routes where the custom in the SALE AND LEASE AGREEMENT 30 commercial airline industry is to carry war-risk insurance, then war-risk insurance of the type carried by similarly situated United States commercial air carriers operating the same or comparable models of aircraft on the same or similar routes shall be maintained on the Aircraft in an amount not less than that specified in Section 11.2.1.
War-Risk Insurance. Borrower shall maintain (or cause to be maintained), at no expense to Bank, the following insurance on a worldwide basis (except for Iraq and Kuwait) with insurers of recognized responsibility through nationally recognized insurance brokers, War-Risk and Allied Perils Aviation Hull (including Spare Parts, Engines and Equipment) Insurance on an Agreed Value basis, which shall be not less than the Unpaid Principal Balance. Such policy shall (i) insure against those perils excluded under Borrower's All Risks Hull and Spares policy(ies) by virtue of Lloyd's of London Exclusion Clause AVN.48B ("War, Hijacking and Other Perils Exclusion Clause") or its equivalent (other than paragraph (b) thereof relating to nuclear perils), (ii) provide for payment in U.S. Dollars, (iii) contain a 50/50 clause in accordance with Lloyd's of London Aviation Clause AVS.103 or its equivalent, (iv) be endorsed to include coverage for confiscation, requisition, nationalization, seizure, restraint, detention, appropriation, requisition of title or for use by any governmental authority (except for the government of registry) of the Aircraft, (v) provide coverage on a worldwide basis (subject only to such geographical limits as may be imposed by the hull, war and allied perils insurance) and (vi) be endorsed to include provisions identical to those contained in clauses (1), (2), (3), (4), (5), (6), (7), (8), (9) of Section 7.1(b).
War-Risk Insurance. War risk and allied perils hull and liability insurance on the Aircraft to the broadest extent available in the market in an amount not less than the Stipulated Loss Value or the liability amount set forth below, respectively, and covering the perils of:
(i) war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, martial law, military or usurped power, or attempts at usurpation of power;
(ii) strikes, riots, civil commotions or labor disturbances;
(iii) any act of one or more persons, whether or not agents of a sovereign power, for political or terrorist purposes and whether the loss or damage therefrom is accidental or intentional;
(iv) any malicious act or act of sabotage;
(v) confiscation, nationalization, seizure, restraint, detention, expropriation, appropriation, requisition for title or use by or under the order of any government (whether civil, military or de facto) or public or local authority expressly including without limitation the government or any public or local authority of the country of registration; and
(vi) hijacking or any unlawful seizure or wrongful seizure or wrongful exercise of control of the Aircraft or crew in flight (including any attempt at such seizure or control) made by any person or persons on board the Aircraft acting without the consent of Lessee.
War-Risk Insurance. NPM MGMT will maintain War Risk and Allied Risk Perils Insurance including all coverage or limits outlined under aviation regulations of the countries where operations may occur or as provided by the United States Government.
War-Risk Insurance. The shipping company shall insure itself with the ‘Vereniging Zeerisico 1967’ against the risk of accidents as meant in the ‘Act for War Risk Regulation 1967’. The premiums for this insurance are entirely for the account of the shipping company.
War-Risk Insurance. If at any time the Aircraft, Airframe or any Engine shall be operated or is proposed to be operated in any area in which war-risk insurance is maintained by Lessee or any Permitted Sublessee subleasing the Aircraft or any Engine with respect to other aircraft owned or operated by Lessee or such Permitted Sublessee on the same routes, or if the Aircraft or any other aircraft owned or operated by Lessee or such Permitted Sublessee is operated on routes where the custom in the industry is to carry war-risk insurance, Lessee shall maintain war-risk insurance of the type and in substantially the amounts carried by major United States commercial air carriers operating the same or comparable models of aircraft in such areas; such insurance shall be in an amount not less than prudent industry practice nor less than that specified in Sections 13.01 and 13.02 and shall cover the perils of (i) war, invasion, acts of foreign enemies, hostilities (whether war be declared or not), civil war, rebellion, revolution, insurrection, martial law, military or usurped power or attempts at usurpation of power, (ii) strikes, riots, civil commotions or labor disturbances, (iii) any act of one or more persons, whether or not agents of a sovereign power, for political or terrorist purposes, and whether the loss or damage resulting therefrom is accidental or intentional, (iv) any vandalism, malicious act or act of sabotage, (v) confiscation, nationalization, seizure, restraint, detention, diversion, requisition for title or use by or under the order of any government (whether civil, military or de facto) or public or local authority, and (vi) hijacking, or any unlawful seizure or wrongful exercise of control of the Aircraft or crew in flight (including any attempt at such seizure or control) made by any person or persons on board the Aircraft acting without the consent of the insured.
War-Risk Insurance. Unless otherwise agreed between GFL and the Servicer, war risk hull and liability insurance in respect of the Aircraft Assets shall be maintained in a manner which is substantially consistent with the customary practices of the Servicer. 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Total 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Total 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Total RJs US $250 million B737/A320/A319/B757 US $500 million ($300 million for North American carriers) A330/A340/MD11/B767/B777/B787 US $600 million B747/A380 US $750 million Notwithstanding the foregoing, with respect to any liability insurance maintained by any Person within the GFL Group for the benefit of the Persons listed in clause 2(h) of Schedule 6 to Annex 1, such amount of insurance shall be not less than US$750 million for wide-body Aircraft, US$500 million for narrow-body Aircraft and US$350 million for regional jet Aircraft. Belarus Bhutan Kazakhstan Mongolia
