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lely for business purposes. Grantor shall not, without prior written consent of Lender, use the Collateral, or permit the Collateral to be used, in Commercial Operations, except Grantor may operate the Collateral on a FAR Pan 135 basis, provided the use is covered by Grantor's insurance policy for the Collateral. 3
y not provide any public liability or property damage indemnification and may not meet the requirements of any financial responsibility laws. 22. Application of Insurance Proceeds. Grantor shall promptly (not to exceed seven (7) days) notify Lender of any loss or damage to the Collateral in excess of $50,000, whether or not
lely for business purposes. Grantor shall not, without prior written consent of Lender, use the Collateral, or permit the Collateral to be used, in Commercial Operations, except Grantor may operate the Collateral on a FAR Part 135 basis, provided the use is covered by Grantor's insurance policy for the Collateral.
y not provide any public liability or property damage indemnification and may not meet the requirements of any financial responsibility laws. 22. Application of Insurance Proceeds. Grantor shall promptly (not to exceed seven (7) days) notify Lender of any loss or damage to the Collateral in excess of 550,000, whether or not s
lely for business purposes. Grantor shall not, without prior written consent of Lender, use the Collateral, or permit the Collateral to be used, in Commercial Operations, except Grantor may operate the Collateral on a FAR Pan 135 basis, provided the use is covered by Grantor's insurance policy for the Collateral. 3
y not provide any public liability or property damage indemnification and may not meet the requirements of any financial responsibility laws. 22. Application of Insurance Proceeds. Grantor shall promptly (not to exceed seven (7) days) notify Lender of any loss or damage to the Collateral in excess of $50,000, whether or not s
Entities connected to both Commercial Operations and Application of Insurance Proceeds

United States
LOCATIONGRANT, TRANSFER
ORGANIZATION
Oklahoma
LOCATIONthe Convention on International Interests in Mobile Equipment on Matters
ORGANIZATIONUnited States Federal Aviation Administration
ORGANIZATIONArticle XIII
ORGANIZATIONIndebtedness
ORGANIZATION
Samantha Power
PERSONFederal Aviation Administration Flight Standards District Office
ORGANIZATIONGovernmental Requirements
ORGANIZATIONCollateral
ORGANIZATIONGeneva Convention
ORGANIZATION
Geneva
LOCATIONLocation of the Collateral
ORGANIZATIONGRANT OF SECURITY
ORGANIZATION
Oklahoma City
LOCATIONGuaranty of the Indebtedness
ORGANIZATIONGulfstream GV-SP
ORGANIZATIONthe Event of Default
ORGANIZATIONLog Books
ORGANIZATION