Common use of Reports, Notices, Etc Clause in Contracts

Reports, Notices, Etc. The Lessee shall provide to the Lessor and the Indenture Trustee (i) on the Equipment Closing Date, the insurance certificates to be provided on the Equipment Closing Date, (ii) annually and at least five (5) days prior to the expiration or any modification of the Lessee's relevant insurance policies (A) no-default insurance certificates and (B) a signed report of an insurance broker or insurer reasonably acceptable in form and substance to the Lessor and the Indenture Trustee, stating in reasonable detail the types of coverage and limits carried and maintained on the Equipment and certifying that such insurance complies with the terms and conditions of this Lease. The Lessee will cause such insurance broker or insurer to advise the Lessor Parties in writing promptly of any default in the payment of any premium and of any other act or omission on the part of the Lessee of which it has knowledge and which might invalidate, cause cancellation of or render unenforceable all or any part of any insurance carried by the Lessee Party with respect to the Equipment or the any Item thereof.