Common use of Non-Cancelable and Assignable Clause in Contracts

Non-Cancelable and Assignable. If any Lease in respect of such Eligible Container is a Finance Lease, such Finance Lease provides that (i) the Lessee’s obligations thereunder are non-cancelable, unconditional and not subject to any right of set-off, rescission, counterclaim, offset, reduction or recoupment and (ii) the Lessee is responsible for all taxes, maintenance and insurance and assumes all risk of Casualty Loss;

Non-Cancelable and Assignable. If any Each Finance Lease in respect of such Eligible Container is a Finance Lease, such Finance Lease provides that (i) the Lessee’s 's obligations thereunder are non-cancelable, unconditional and not subject to any right of set-off, rescission, counterclaim, offset, reduction or recoupment and (ii) the Lessee is responsible for all taxes, maintenance and insurance and assumes all risk of Casualty Loss;

Non-Cancelable and Assignable. If any Lease in respect of such Eligible Container is a Finance Lease, such Each Finance Lease provides that (i) the Lessee’s 's obligations thereunder are non-cancelable, unconditional and not subject to any right of set-off, rescission, counterclaim, offset, reduction or recoupment recoupment, (ii) such finance lease is fully assignable and (iiiii) the Lessee is responsible for all taxes, maintenance and insurance and assumes all risk of Casualty Loss;