Approved Insurers definition
Examples of Approved Insurers in a sentence
If any of the Borrower's insurers shall at any time cease to be an Approved Insurer, then within thirty (30) days after notice from the Lender to the Borrower, the Borrower will obtain replacement Insurance or additional Insurance issued by one or more other Approved Insurers.
Lessee shall also maintain, or cause to be maintained, war risk and allied perils hull insurance reasonably acceptable to Lessor with Approved Insurers.
LESSEE will carry and maintain in effect, at its own expense, with Approved Insurers, public liability insurance (including, but not limited to, contractual liability, and passenger legal liability), and property damage liability insurance with respect to the Aircraft, in amounts per occurrence of not less than the Minimum Liability Coverage, or such greater amounts as LESSEE may carry from time to time on other similar aircraft in its fleet.
Lessee shall also maintain, or cause to be maintained, war risk and allied perils hull insurance reasonably acceptable to Lessor with Approved Insurers if the Aircraft, Airframe or Engines are operated on routes or kept in locations outside of the United States of America.
LESSEE will carry and maintain in effect, at its own expense, with Approved Insurers, public liability insurance (including, without limitation, contractual liability, and passenger legal liability), and property damage insurance with respect to the Aircraft, in amounts per occurrence of not less than the Minimum Liability Coverage, or such greater amounts as LESSEE may carry from time to time on other similar aircraft in its fleet.
Your return and refund policies for Products sold through the Verishop Sites will be the Return Policy attached as Schedule 3, subject to amendment by Verishop from time to time.
The Company will carry or cause to be carried at all times, at no expense to any Secured Party, with Approved Insurers third party liability insurance covering the Designated Locations where any Pledged Spare Parts shall be located.
Lessee shall also maintain, or cause to be maintained, war risk and allied perils hull and spares insurance reasonably acceptable to Lessor with Approved Insurers.
In addition, the Borrower shall carry or cause to be carried with Approved Insurers war risk and allied perils hull insurance in accordance with London form LSW555B or substantially similar form (or substantially similar insurance or indemnity provided by the U.S. Government, it being agreed that the form of FAA war risk insurance policy in effect as of October 1, 2007, is acceptable) covering the Aircraft for an amount not less than the Agreed Value.
The Borrower shall, without expense to Certificate Holders or Indenture Trustee, maintain or cause to be maintained in effect at all times with Approved Insurers all risk, ground and flight hull insurance, which may, except as provided below, exclude war risks and allied perils, covering the Aircraft for an amount at all times (even when the Aircraft is grounded or in storage) not less than [***]% of the aggregate outstanding principal amount of the Loan Certificates (the “Agreed Value”).