Examples of Approved Insurance Broker in a sentence
On or before the Delivery Date, and thereafter on each renewal by Lessee of the insurance required hereby, but not less often than annually, Lessee will furnish to Lessor and each Beneficiary a certificate executed and delivered by an Approved Insurance Broker who is authorized by an Approved Insurer, appointed by Lessee, describing in reasonable detail insurance carried on the Aircraft and certifying that the insurance then maintained on the Aircraft complies with Section 12 of this Lease.
Lessee will cause such Approved Insurance Broker who is authorized by an Approved Insurer to agree to advise Lessor and each Beneficiary in writing at least thirty (30) days (seven (7) days or such lesser period as may be applicable in the case of any war risk and allied perils coverage) prior to the termination or cancellation by the underwriters for any reason (including, without limitation, failure to pay the premium therefor) of any such insurance.
Approved Insurance Broker shall mean AON Aviation or such other that insurance/reinsurance broker of internationally recognized responsibility and standing specializing in aircraft insurance as is reasonably acceptable to and approved by Lessor.
We are the firm of independent aircraft insurance brokers (the "Approved Insurance Broker") who have been appointed by the Lessee to deliver this report pursuant to Section 2(b)(vii)(5) of the Lease and we understand that the Lessor has not objected to such appointment.
As of the date of this report, it is our opinion as the Approved Insurance Broker that the insurance presently carried and maintained by the Lessee, as evidenced in the attached certificates, complies with the terms and requirements of Section 12 of the Lease.