LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) Lessee's obligation to pay Rent hereunder shall be absolute and unconditional, and shall not be affected by any event or circumstance, including, without limitation: (i) any setoff, counterclaim, recoupment, defense or other right that Lessee may have against Lessor, Mortgagee, any Participant, any Note Holder, or any other Person for any reason whatsoever; (ii) any defect in the title, airworthiness, condition, design, operation or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii) any insolvency, bankruptcy, reorganization or similar proceedings by or against Lessee or any other Person; or (iv) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. (b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement not been terminated in whole or in part. Lessee hereby waives, to the extent permitted by applicable law, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit or surrender this Agreement, except in accordance with the express terms hereof. (c) Nothing set forth in this Section 16 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's obligations hereunder to pay Rent, and other than the matters specified in paragraphs (a) and (b) above).
Appears in 10 contracts
Samples: Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/)
LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) Lessee's obligation to pay Rent hereunder shall be absolute and unconditional, and shall not be affected by any event or circumstance, including, without limitation: (i) any setoff, counterclaim, recoupment, defense or other right that Lessee may have against Lessor, Mortgagee, any Participant, any Note Holder, or any other Person for any reason whatsoever; (ii) any defect in the title, airworthiness, condition, design, operation or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii) any insolvency, bankruptcy, reorganization or similar proceedings by or against Lessee or any other Person; or (iv) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement not been terminated in whole or in part. Lessee hereby waives, to the extent permitted by applicable law, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit or surrender this Agreement, except in accordance with the express terms hereof.
(c) Nothing set forth in this Section 16 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's obligations hereunder to pay Basic Rent, Renewal Rent, the Stipulated Loss Value with respect to any Aircraft, and the Termination Value with respect to any Aircraft and other than the matters specified in paragraphs (a) and (b) above).
Appears in 3 contracts
Samples: Lease Agreement (Atlas Air Worldwide Holdings Inc), Lease Agreement (Atlas Air Inc), Lease Agreement (Atlas Air Inc)
LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) Lessee's obligation to pay Rent hereunder shall be absolute and unconditional, and shall not be affected by any event or circumstance, including, without limitation: (i) any setoff, counterclaim, recoupment, defense or other right that Lessee may have against Lessor, Mortgagee, any Participant, any Note Holder, or any other Person for any reason whatsoever; (ii) any defect in the title, airworthiness, condition, design, operation or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii) any insolvency, bankruptcy, reorganization or similar proceedings by or against Lessee or any other Person; or (iv) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement not been terminated in whole or in part. Lessee hereby waives, to the extent permitted by applicable law, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit or surrender this Agreement, except in accordance with the express terms hereof.
(c) Nothing set forth in this Section 16 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's obligations hereunder to pay Rent, and other than the matters specified in paragraphs (a) and (b) above). Without limiting the foregoing, nothing in this Section 16 shall be construed as a waiver by Lessee, or otherwise limit Lessee in pursuing any claim by Lessee, of any breach by Lessor, Owner Participant or any other Person of any covenant or obligation contained in any Operative Agreement.
Appears in 3 contracts
Samples: Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/)
LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) Lessee's obligation to pay all Rent payable hereunder shall be absolute and unconditional, and shall not be affected by any event or circumstance, including, without limitation: (i1) any setoff, counterclaim, recoupment, defense defense, or other right that Lessee may have against Lessor, Mortgagee, any Owner Participant, any Note Holder, or any other Person for any reason whatsoever; (ii2) any defect in the title, airworthiness, condition, design, operation operation, or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe the Airframe, or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii3) any insolvency, bankruptcy, reorganization reorganization, or similar proceedings by or against Lessee or any other Person; or (iv4) any other circumstance, happening happening, or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement Lease not been terminated in whole or in part. Lessee hereby waives, to the extent permitted by applicable lawLaw, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit quit, or surrender this AgreementLease, except in accordance with the express terms hereof.
(c) Nothing set forth in this Section ss. 16 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's obligations hereunder to pay Rent, and other than the matters specified in paragraphs (a) and (b) above).
Appears in 2 contracts
Samples: Financing Agreement (Amtran Inc), Lease Agreement (Amtran Inc)
LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) Lessee's obligation to pay all Rent payable hereunder shall be absolute and unconditional, and shall not be affected by any event or circumstance, including, without limitation: (i1) any setoff, counterclaim, recoupment, defense defense, or other right that Lessee may have against Lessor, Mortgagee, any Participant, any Note Holder, or any other Person for any reason whatsoever; (ii2) any defect in the title, airworthiness, condition, design, operation operation, or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe the Airframe, or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii3) any insolvency, bankruptcy, reorganization reorganization, or similar proceedings by or against Lessee or any other Person; or (iv4) any other circumstance, happening happening, or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement Lease not been terminated in whole or in part. Lessee hereby waives, to the extent permitted by applicable lawLaw, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit quit, or surrender this AgreementLease, except in accordance with the express terms hereof.
(c) Nothing set forth in this Section ss. 16 shall be construed to prohibit Lessee from separately pursuing pursuinG any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's obligations hereunder to pay Rent, and other than the matters specified in paragraphs (a) and (b) above).
Appears in 2 contracts
Samples: Financing Agreement (Amtran Inc), Lease Agreement (Amtran Inc)
LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) Lessee's obligation to pay all Base Rent and Additional Rent (collectively, "Rent") payable hereunder shall be absolute and unconditional, and shall not be affected by any event or circumstance, including, without limitation: (i1) any setoff, counterclaim, recoupment, defense defense, or other right that Lessee may have against Lessor, Mortgagee, any Participant, any Note Holder, Lessor or any other Person for any reason whatsoever; (ii2) any defect in the title, airworthiness, condition, design, operation or fitness for use design of, or any damage to or loss or destruction of, the Aircraft, Airframe or any EnginePremises, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii3) any insolvency, bankruptcy, reorganization reorganization, or similar proceedings by or against Lessee or any other Person; or (iv4) any other circumstance, happening happening, or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement Lease not been terminated in whole or in part. Lessee hereby waives, to the extent permitted by applicable lawLaw, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit quit, or surrender this AgreementLease, except in accordance with the express terms hereof.
(c) Nothing set forth in this Section 16 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's obligations hereunder to pay Rent, and other than the matters specified in paragraphs (a) and (b) above).
Appears in 2 contracts
Samples: Building Lease (Fortune Diversified Industries Inc), Building Lease (Fortune Diversified Industries Inc)
LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) Lessee's obligation to pay Rent hereunder shall be absolute and unconditional, and shall not be affected by any event or circumstance, including, without limitation: (i) any setoff, counterclaim, recoupment, defense or other right that Lessee may have against Lessor, Mortgagee, any Participant, any Note Holder, or any other Person for any reason whatsoever; (ii) any defect in the title, airworthiness, condition, design, operation or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii) any insolvency, bankruptcy, reorganization or similar proceedings by or against Lessee or any other Person; or (iv) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law Law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement not been terminated in whole or in part. Lessee hereby waives, to the extent permitted by applicable lawLaw, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit or surrender this Agreement, except in accordance with the express terms hereof.
(c) Nothing set forth in this Section 16 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's obligations hereunder to pay Rent, and other than the matters specified in paragraphs (a) and (b) above). Without limiting the foregoing, nothing in this Section 16 shall be construed as a waiver by Lessee, or otherwise limit Lessee in pursuing any claim by Lessee, of any breach by Lessor, Owner Participant or any other Person of any covenant or obligation contained in any Operative Agreement.
Appears in 2 contracts
Samples: Lease Agreement (Continental Airlines Inc /De/), Lease Agreement (Continental Airlines Inc /De/)
LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) Lessee's obligation to pay Rent hereunder shall be absolute and unconditional, and shall not be affected by any event or circumstance, including, without limitation: (i) any setoff, counterclaim, recoupment, defense or other right that Lessee may have against Lessor, Mortgagee, any Participant, any Note Holder, or any other Person for any reason whatsoever; (ii) any defect in the title, airworthiness, condition, design, operation or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii) any insolvency, bankruptcy, reorganization or similar proceedings by or against Lessee or any other Person; or (iv) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.
. LEASE AGREEMENT BASE PAGE 47 241 (b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement not been terminated in whole or in part. Lessee hereby waives, to the extent permitted by applicable law, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit or surrender this Agreement, except in accordance with the express terms hereof.
(c) Nothing set forth in this Section 16 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's obligations hereunder to pay Rent, and other than the matters specified in paragraphs (a) and (b) above).
Appears in 1 contract
Samples: Note Purchase Agreement (Continental Airlines Inc /De/)
LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) Lessee's obligation to pay Rent hereunder and all other amounts payable hereunder, under the Participation Agreement or under any other Lessee Operative Agreement shall be absolute and unconditional, and shall be construed as covenants separate and independent from the agreements or undertakings of any other Person, including, without limitation, Lessor, Mortgagee or any Participant, and shall not be affected by any event or circumstance, including, without limitation: (i) any setoff, counterclaim, recoupment, defense or other right that Lessee may have against Lessor, Mortgagee, any Participant, any Note Holder, Airframe Manufacturer, Engine Manufacturer, any Indemnitee or any other Person for any reason whatsoever; (ii) any defect in the title, airworthiness, condition, design, operation or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii) any insolvency, bankruptcy, reorganization or similar proceedings by or against Lessee or any other Person; (iv) any restriction, prevention or curtailment of or interference with any use of the Aircraft, Airframe or any Engine, or any part thereof; (v) any change, waiver, extension, indulgence or other action or omission in respect of any obligation or liability of Lessee or Lessor; (vi) any claim that Lessee has or might have against any Person; (vii) any failure on the part of Lessor, Mortgagee or any Participant to perform or comply with any of the terms of this Lease or any other Operative Agreement; (viii) any invalidity or unenforceability or disaffirmance of this Lease or any provision hereof or any of the other Operative Agreements or any provision thereof, in each case whether against or by Lessee LEASE AGREEMENT SPECIAL PAGE 61 777 or otherwise; or (ivix) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Interim Rent, Basic Rent, Renewal Rent and Supplemental Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement not been terminated in whole or in part. All Rent payable by Lessee shall be paid without notice or demand (except as otherwise expressly provided) and without abatement, suspension, deferment, deduction, diminution or proration by reason of any circumstance or occurrence whatsoever. Lessee hereby waives, to the extent permitted by applicable law, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit or surrender this AgreementAgreement or any part hereof, or to any abatement, suppression, deferment, diminution, reduction or proration of Rent, except in accordance with the express terms hereof. Each payment of Rent made by Lessee shall be final as to Lessor and Lessee and, except for any manifest clerical computational error, Lessee will not seek to recover all or any part of any such payment of Rent for any reason whatsoever.
(c) All obligations, liabilities, covenants and undertakings of Lessee in this Agreement or in any other Operative Agreement shall be performed, observed and complied with at Lessee's sole cost and expense, whether or not so expressed, unless otherwise expressly provided.
(d) Nothing set forth in this Section 16 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's obligations hereunder to pay Rent, and other than the matters specified in paragraphs (ab) and (bc) above).
Appears in 1 contract
Samples: Note Purchase Agreement (Continental Airlines Inc /De/)
LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) This Lease is a net lease, and (except as otherwise provided in the Operative Agreements) it is intended that Lessee shall pay all costs and expenses of every character, whether foreseen or unforeseen, ordinary or extraordinary or structural or nonstructural, in connection with the use, operation, maintenance, repair, and reconstruction of the Airframe and each Engine. Lessee's ’s obligation to pay all Rent payable hereunder and to perform all its other obligations hereunder shall be absolute and unconditional, and shall be construed as covenants separate and independent from the agreements or undertakings of any other Person, including Lessor or Owner Participant, and shall not be affected by any event or circumstance, including, without limitation: (i1) any setoff, counterclaim, recoupment, defense defense, or other right that Lessee may have against Lessor, MortgageeOwner Participant, Airframe Manufacturer, Engine Manufacturer, any Participant, any Note HolderIndemnitee, or any other Person for any reason whatsoever; (ii2) any defect in the title, airworthiness, condition, design, operation operation, or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe the Airframe, or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii3) any insolvency, bankruptcy, reorganization reorganization, or similar proceedings by or against Lessee or any other Person; (4) any restriction, prevention or curtailment of or interference with any use of the Aircraft, the Airframe, any Engine, or any part thereof; (5) any claim that Lessee has or might have against any Person; (6) any failure on the part of Lessor or Owner Participant to perform or comply with any of the terms of this Lease or any other Operative Agreement, or any breach of any representation or warranty by Lessor or Owner Participant; (7) any invalidity or unenforceability or disaffirmance of this Lease or any provision hereof or any of the other Operative Agreements or any provision thereof, in each case whether against or by Lessee or otherwise; or (iv) 8) any other circumstance, happening happening, or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement Lease not been terminated in whole or in part. All Rent payable by Lessee shall be paid without notice or demand (except as otherwise expressly provided) and without abatement, suspension, deferment, deduction, diminution, or proration by reason of any circumstance or occurrence whatsoever. Lessee hereby waives, to the extent permitted by applicable law, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit quit, or surrender this AgreementLease or any part hereof, or to any abatement, suppression, deferment, diminution, reduction or proration of Rent, except in accordance with the express terms hereof. Each payment of Rent made by Lessee shall be final as to Lessor, Owner Participant and Lessee and, except for any computational error, Lessee will not seek to recover all or any part of any such payment of Rent for any reason whatsoever.
(c) All obligations, liabilities, covenants, and undertakings of Lessee in this Agreement or in any other Operative Agreement shall be performed, observed, and complied with at Lessee’s sole cost and expense, whether or not so expressed, unless otherwise expressly provided.
(d) Nothing set forth in this Section 16 § 15 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor Lessor, Owner Participant or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's ’s obligations hereunder to pay Rent, and other than the matters specified in paragraphs (a) and (b) above).
(e) Nothing set forth in this § 15 shall be construed to require Lessee to pay for or reimburse any costs or expenses incurred with respect to the deregistration of the Aircraft prior to or on the Delivery Date.
Appears in 1 contract
LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) Lessee's obligation to pay Rent hereunder shall be absolute and unconditional, and shall not be affected by any event or circumstance, including, without limitation: (i) any setoff, counterclaim, recoupment, defense or other right that Lessee may have against Lessor, Mortgagee, any Participant, any Note Holder, or any other Person for any reason whatsoever; (ii) any defect in the title, airworthiness, condition, design, operation or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii) any insolvency, bankruptcy, reorganization or similar proceedings by or against Lessee or any other Person; or (iv) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement not been terminated in whole or in part. Lessee hereby waives, to the extent permitted by applicable law, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit or surrender this Agreement, except in accordance with the express terms hereof.
(c) Nothing set forth in this Section 16 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's obligations hereunder to pay Rent, and other than in respect of the matters specified in paragraphs (a) and (b) above).
Appears in 1 contract
LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) This Lease is a net lease, and (except as otherwise provided in the Operative Agreements) it is intended that Lessee shall pay all costs and expenses of every character, whether foreseen or unforeseen, ordinary or extraordinary or structural or nonstructural, in connection with the use, *** Material has been omitted pursuant to a request for confidential treatment and filed separately with the SEC operation, maintenance, repair, and reconstruction of the Airframe and each Engine. Lessee's ’s obligation to pay all Rent payable hereunder and to perform all its other obligations hereunder shall be absolute and unconditional, and shall be construed as covenants separate and independent from the agreements or undertakings of any other Person, including Lessor or Owner Participant, and shall not be affected by any event or circumstance, including, without limitation: (i1) any setoff, counterclaim, recoupment, defense defense, or other right that Lessee may have against Lessor, MortgageeOwner Participant, Airframe Manufacturer, Engine Manufacturer, any Participant, any Note HolderIndemnitee, or any other Person for any reason whatsoever; (ii2) any defect in the title, airworthiness, condition, design, operation operation, or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe the Airframe, or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii3) any insolvency, bankruptcy, reorganization reorganization, or similar proceedings by or against Lessee or any other Person; (4) any restriction, prevention or curtailment of or interference with any use of the Aircraft, the Airframe, any Engine, or any part thereof; (5) any claim that Lessee has or might have against any Person; (6) any failure on the part of Lessor or Owner Participant to perform or comply with any of the terms of this Lease or any other Operative Agreement, or any breach of any representation or warranty by Lessor or Owner Participant; (7) any invalidity or unenforceability or disaffirmance of this Lease or any provision hereof or any of the other Operative Agreements or any provision thereof, in each case whether against or by Lessee or otherwise; or (iv) 8) any other circumstance, happening happening, or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement Lease not been terminated in whole or in part. All Rent payable by Lessee shall be paid without notice or demand (except as otherwise expressly provided) and without abatement, suspension, deferment, deduction, diminution, or proration by reason of any circumstance or occurrence whatsoever. Lessee hereby waives, to the extent permitted by applicable law, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit quit, or surrender this AgreementLease or any part hereof, or to any abatement, suppression, deferment, diminution, reduction or proration of Rent, except in accordance with the express terms hereof. Each payment of Rent made by Lessee shall be final as to Lessor, Owner Participant and Lessee and, except for *** Material has been omitted pursuant to a request for confidential treatment and filed separately with the SEC any computational error, Lessee will not seek to recover all or any part of any such payment of Rent for any reason whatsoever.
(c) All obligations, liabilities, covenants, and undertakings of Lessee in this Agreement or in any other Operative Agreement shall be performed, observed, and complied with at Lessee’s sole cost and expense, whether or not so expressed, unless otherwise expressly provided.
(d) Nothing set forth in this Section 16 § 15 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor Lessor, Owner Participant or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's ’s obligations hereunder to pay Rent, and other than the matters specified in paragraphs (a) and (b) above).
(e) Nothing set forth in this § 15 shall be construed to require Lessee to pay for or reimburse any costs or expenses incurred with respect to the deregistration of the Aircraft prior to or on the Delivery Date.
Appears in 1 contract
LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) This Lease is a net lease, and (except as otherwise provided in the Operative Agreements) it is intended that Lessee shall pay all costs and expenses of every character, whether foreseen or unforeseen, ordinary or extraordinary or structural or nonstructural, in connection with the use, operation, maintenance, repair, and reconstruction of the Airframe and each Engine. Lessee's ’s obligation to pay all Rent payable hereunder and to perform all its other obligations hereunder shall be absolute and unconditional, and shall be construed as covenants separate and independent from the agreements or undertakings of any other Person, including Lessor or Owner Participant, and shall not be affected by any event or circumstance, including, without limitation: (i1) any setoff, counterclaim, recoupment, defense defense, or other right that Lessee may have against Lessor, MortgageeOwner Participant, Airframe Manufacturer, Engine Manufacturer, any Participant, any Note HolderIndemnitee, or any other Person for any reason whatsoever; (ii2) any defect in the title, airworthiness, condition, design, operation operation, or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe the Airframe, or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii3) any insolvency, bankruptcy, reorganization reorganization, or similar proceedings by or against Lessee or any other Person; (4) any restriction, prevention or curtailment of or interference with any use of the Aircraft, the Airframe, any Engine, or any part thereof; (5) any claim that Lessee has or might have against any Person; (6) any failure on the part of Lessor or Owner Participant to perform or comply with any of the terms of this Lease or any other Operative Agreement, or any breach of any representation or warranty by Lessor or Owner Participant; (7) any invalidity or unenforceability or disaffirmance of this Lease or any provision hereof or any of the other Operative Agreements or any provision thereof, in each case whether against or by Lessee or otherwise; or (iv) 8) any other circumstance, happening happening, or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in [**] — Confidential treatment has been requested for the bracketed portions. The confidential redacted portion has been omitted and filed separately with the Securities and Exchange Commission. accordance with the terms hereof had this Agreement Lease not been terminated in whole or in part. All Rent payable by Lessee shall be paid without notice or demand (except as otherwise expressly provided) and without abatement, suspension, deferment, deduction, diminution, or proration by reason of any circumstance or occurrence whatsoever. Lessee hereby waives, to the extent permitted by applicable law, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit quit, or surrender this AgreementLease or any part hereof, or to any abatement, suppression, deferment, diminution, reduction or proration of Rent, except in accordance with the express terms hereof. Each payment of Rent made by Lessee shall be final as to Lessor, Owner Participant and Lessee and, except for any computational error, Lessee will not seek to recover all or any part of any such payment of Rent for any reason whatsoever.
(c) All obligations, liabilities, covenants, and undertakings of Lessee in this Agreement or in any other Operative Agreement shall be performed, observed, and complied with at Lessee’s sole cost and expense, whether or not so expressed, unless otherwise expressly provided.
(d) Nothing set forth in this Section 16 § 15 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor Lessor, Owner Participant or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's ’s obligations hereunder to pay Rent, and other than the matters specified in paragraphs (a) and (b) above).
(e) Nothing set forth in this § 15 shall be construed to require Lessee to pay for or reimburse any costs or expenses incurred with respect to the deregistration of the Aircraft prior to or on the Delivery Date.
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LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) Lessee's obligation to pay Rent hereunder shall be absolute and unconditional, and shall not be affected by any event or circumstance, including, without limitation: (i) any setoff, counterclaim, recoupment, defense or other right that Lessee may have against Lessor, MortgageeSecurity Trustee, any Participant, any Note Holder, BNDES or any other Person for any reason whatsoever; (ii) any defect in the title, airworthiness, condition, design, operation or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii) any insolvency, bankruptcy, reorganization or similar proceedings by or against Lessee or any other Person; or (iv) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law Law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement not been terminated in whole or in part. Lessee hereby waives, to the extent permitted by applicable lawLaw, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit or surrender this Agreement, except in accordance with the express terms hereof.
(c) Nothing set forth in this Section 16 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's obligations hereunder to pay Rent, and other than the matters specified in paragraphs (a) and (b) above). Without limiting the foregoing, nothing in this Section 16 shall be construed as a waiver by Lessee, or otherwise limit Lessee in pursuing any claim by Lessee, of any breach by Lessor, Owner Participant or any other Person of any covenant or obligation contained in any Operative Agreement.
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LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) This Lease is a net lease, and (except as otherwise provided in the Operative Agreements) it is intended that Lessee shall pay all costs and expenses of every character, whether foreseen or unforeseen, ordinary or extraordinary or structural or nonstructural, in connection with the use, operation, maintenance, repair, and reconstruction of the Airframe and each Engine. Lessee's obligation to pay all Rent payable hereunder and to perform all its other obligations hereunder shall be absolute and unconditional, and shall not be affected by any event or circumstance, including, without limitation: (i1) any setoff, counterclaim, recoupment, defense defense, or other right that Lessee may have against Lessor, Mortgagee, any Participant, any Note Holder, or any other Person for any reason whatsoever; (ii2) any defect in the title, airworthiness, condition, design, operation operation, or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe the Airframe, or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii3) any insolvency, bankruptcy, reorganization reorganization, or similar proceedings by or against Lessee or any other Person; or (iv4) any other circumstance, happening happening, or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement Lease not been terminated in whole or in part. Lessee hereby waives, to the extent permitted by applicable law, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit quit, or surrender this AgreementLease, except in accordance with the express terms hereof.
(c) Nothing set forth in this Section (S) 16 shall be construed to prohibit Lessee from separately pursuing pursuinG any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's obligations hereunder to pay Rent, and other than the matters specified in paragraphs (a) and (b) above).
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LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) Lessee's ’s obligation to pay Rent hereunder shall be absolute and unconditional, and shall not be affected by any event or circumstance, including, without limitation: (i) any setoff, counterclaim, recoupment, defense or other right that Lessee may have against Lessor, Mortgagee, any Participant, any Note Holder, or any other Person for any reason whatsoever; (ii) any defect in the title, airworthiness, condition, design, operation or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii) any insolvency, bankruptcy, reorganization or similar proceedings by or against Lessee or any other Person; or (iv) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law Law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement not been terminated in whole or in part. Lessee hereby waives, to the extent permitted by applicable lawLaw, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit or surrender this Agreement, except in accordance with the express terms hereof.
(c) Nothing set forth in this Section 16 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's ’s obligations hereunder to pay Rent, and other than the matters specified in paragraphs (a) and (b) above). Without limiting the foregoing, nothing in this Section 16 shall be construed as a waiver by Lessee, or otherwise limit Lessee in pursuing any claim by Lessee, of any breach by Lessor, Owner Participant or any other Person of any covenant or obligation contained in any Operative Agreement.
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LESSEE'S OBLIGATIONS; NO SETOFF, COUNTERCLAIM, ETC. (a) Lessee's obligation to pay Rent hereunder and all other amounts payable hereunder, under Letter Agreement No. 1 or under any other Operative Agreement shall be absolute and unconditional, and shall be construed as covenants separate and independent from the agreements or undertakings of any other Person, including, without limitation, Lessor, and shall not be affected by any event or circumstance, including, without limitation: (i) any setoff, counterclaim, recoupment, defense or other right that Lessee may have against Lessor, MortgageeAirframe Manufacturer, Engine Manufacturer, any Participant, any Note Holder, Indemnitee or any other Person for any reason whatsoever; (ii) any defect in the title, airworthiness, condition, design, operation or fitness for use of, or any damage to or loss or destruction of, the Aircraft, Airframe or any Engine, or any interruption or cessation in the use or possession thereof by Lessee for any reason whatsoever; (iii) any insolvency, bankruptcy, reorganization or similar proceedings by or against Lessee or any other Person; (iv) any restriction, prevention or curtailment of or interference with any use of the Aircraft, Airframe, any Engine, Aircraft Documents, or any part thereof; (v) any change, waiver, extension, indulgence or other action or omission in respect of any obligation or liability of Lessee or Lessor; (vi) any claim that Lessee has or might have against any Person; (vii) any failure on the part of Lessor to perform or comply with any of the terms of this Lease or any other Operative Agreement; (viii) any invalidity or unenforceability or disaffirmance of this Lease or any provision hereof or any of the other Operative Agreements or any provision thereof, in each case whether against or by Lessee or otherwise; or (ivix) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.
(b) If for any reason whatsoever this Lease shall be terminated in whole or in part by operation of law Law or otherwise except as specifically provided herein, Lessee nonetheless agrees to pay an amount equal to each Basic Rent and Supplemental Rent payment at the time such payment would have become due and payable in accordance with the terms hereof had this Agreement not been terminated in whole or in part. All Rent payable by Lessee shall be paid without notice or demand (except as otherwise expressly provided) and without abatement, suspension, deferment, deduction, diminution or proration by reason of any circumstance or occurrence whatsoever. Lessee hereby waives, to the extent permitted by applicable lawLaw, any and all rights that it may now have or that at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit or surrender this AgreementAgreement or any part hereof, or to any abatement, suppression, deferment, diminution, reduction or proration of Rent, except in accordance with the express terms hereof. Each payment of Rent made by Lessee shall be final as to Lessor and Lessee and, except for any manifest clerical computational error, Lessee will not seek to recover all or any part of any such payment of Rent for any reason whatsoever.
(c) All obligations, liabilities, covenants and undertakings of Lessee in this Agreement or in any other Operative Agreement shall be performed, observed and complied with at Lessee's sole cost and expense, whether or not so expressed, unless otherwise expressly provided.
(d) Nothing set forth in this Section 16 15 shall be construed to prohibit Lessee from separately pursuing any claim that it may have from time to time against Lessor or any other Person with respect to any matter (other than the absolute and unconditional nature of Lessee's obligations hereunder to pay Rent, and other than the matters specified in paragraphs (ab) and (bc) above).
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Samples: Aircraft Lease Agreement (Vanguard Airlines Inc \De\)