Common use of Absolute Obligations Clause in Contracts

Absolute Obligations. The related Lessee's obligations under such Lease are "hell or high water" obligations that are, among other characteristics, non-cancellable, unconditional and not subject to any right of set-off, rescission, counterclaim, off-set, reduction or recoupment during the non-cancellable term of such Lease; and

Appears in 1 contract

Sources: Credit Agreement (Interpool Inc)

Absolute Obligations. The related Lessee's ’s obligations under such Finance Lease are "hell or high water" obligations that are, among other characteristics, non-cancellable, unconditional and not subject to any right of set-off, rescission, counterclaim, off-set, reduction or recoupment during the non-cancellable term of such Finance Lease; and;

Appears in 1 contract

Sources: Credit Agreement (Interpool Inc)

Absolute Obligations. The related Lessee's obligations under such Lease are "hell or high water" obligations that are, among other characteristics, non-cancellablecancelable, unconditional and not subject to any right of set-off, rescission, counterclaim, off-set, reduction or recoupment during the non-cancellable cancelable term of such Lease; and;

Appears in 1 contract

Sources: Revolving Credit Agreement (Interpool Inc)

Absolute Obligations. The related Lessee's ’s obligations under such Lease are "hell or high water" obligations that are, among other characteristics, non-cancellable, unconditional and not subject to any right of set-off, rescission, counterclaim, off-set, reduction or recoupment during the non-cancellable term of such Lease; and

Appears in 1 contract

Sources: Credit Agreement (Interpool Inc)

Absolute Obligations. The related Lessee's obligations under such Finance Lease are "hell or high water" obligations that are, among other characteristics, non-cancellable, unconditional and not subject to any right of set-off, rescission, counterclaim, off-set, reduction or recoupment during the non-cancellable term of such Finance Lease; and;

Appears in 1 contract

Sources: Credit Agreement (Interpool Inc)

Absolute Obligations. The related Lessee's obligations under such Finance Lease are "hell or high water" obligations that are, among other characteristics, non-cancellablecancelable, unconditional and not subject to any right of set-off, rescission, counterclaim, off-set, reduction or recoupment during the non-cancellable cancelable term of such Finance Lease; and;

Appears in 1 contract

Sources: Credit Agreement (Interpool Inc)

Absolute Obligations. The related Lessee's ’s obligations under such Lease are "hell or high water" obligations that are, among other characteristics, non-cancellablecancelable, unconditional and not subject to any right of set-off, rescission, counterclaim, off-set, reduction or recoupment during the non-cancellable cancelable term of such Lease; and;

Appears in 1 contract

Sources: Credit Agreement (Interpool Inc)