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-cancelable, unconditional and not subject to any right of set-off, rescission, counterclaim, off-set, reduction or recoupment during the non-cancelable term of such Lease;

Appears in 1 contract

Samples: Revolving Credit Agreement (Interpool Inc)

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

Appears in 1 contract

Samples: 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-cancelablecancellable, unconditional and not subject to any right of set-off, rescission, counterclaim, off-set, reduction or recoupment during the non-cancelable cancellable term of such Lease;; and

Appears in 1 contract

Samples: 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-cancelablecancellable, unconditional and not subject to any right of set-off, rescission, counterclaim, off-set, reduction or recoupment during the non-cancelable cancellable term of such Finance Lease;

Appears in 1 contract

Samples: 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-cancelable, unconditional and not subject to any right of set-off, rescission, counterclaim, off-set, reduction or recoupment during the non-cancelable term of such Lease;

Appears in 1 contract

Samples: Credit Agreement (Interpool Inc)

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

Appears in 1 contract

Samples: 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-cancelablecancellable, unconditional and not subject to any right of set-off, rescission, counterclaim, off-set, reduction or recoupment during the non-cancelable cancellable term of such Finance Lease;

Appears in 1 contract

Samples: Credit Agreement (Interpool Inc)

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