Obligations Absolute and Unconditional. Subject to Section 3.10, the obligation of the Local Government to make the payments required by this Agreement shall be absolute and unconditional. The Local Government shall pay all such amounts without abatement, diminution or deduction (whether for taxes or otherwise) regardless of any cause or circumstance whatsoever including, without limitation, any defense, set-off, recoupment or counterclaim that the Local Government may have or assert against VRA, the Trustee or any other person.
Appears in 4 contracts
Samples: Local Lease Acquisition Agreement and Amended and Restated Financing Lease, Local Lease Acquisition Agreement and Financing Lease, Local Lease Acquisition Agreement and Financing Lease
Obligations Absolute and Unconditional. Subject to Section 3.10, the The obligation of the Local Government to make the payments required by the Local Bond and this Agreement from the sources pledged therefor shall be absolute and unconditional. The Local Government shall pay all such amounts without abatement, diminution or deduction (whether for taxes or otherwise) regardless of any cause or circumstance whatsoever including, without limitation, any defense, set-off, recoupment or counterclaim that the Local Government may have or assert against VRA, the Trustee or any other person.
Appears in 2 contracts
Samples: Local Bond Sale and Financing Agreement, Local Bond Sale and Financing Agreement
