Common use of Requirement to obtain and maintain Clause in Contracts

Requirement to obtain and maintain. During the Lease Term ---------------------------------- with respect to any Transponder, if at any time (a) the Moody's Credit Rating is Baa2 or lower or (b) the Standard & Poor's Credit Rating is BBB or lower or (c) GMHE's Tangible Net Worth is less than $3.5 billion, then within thirty (30) days following the date that Lessee shall have Actual Knowledge that any of the foregoing conditions exist, Lessee shall obtain and maintain, for the period that any such condition continues to exist, life or casualty insurance with respect to the Transponders, on standard industry terms and conditions, in an amount equal to

Requirement to obtain and maintain. During the Lease Term ---------------------------------- with respect to any Transponder, if at any time (a) the Moody's ▇▇▇▇▇'▇ Credit Rating is Baa2 or lower or (b) the Standard & Poor's Credit Rating is BBB or lower or (c) GMHE's Tangible Net Worth is less than $3.5 billion, then within thirty (30) days following the date that Lessee shall have Actual Knowledge that any of the foregoing conditions exist, Lessee shall obtain and maintain, for the period that any such condition continues to exist, life or casualty insurance with respect to the Transponders, on standard industry terms and conditions, in an amount equal to