Obligations of Company Hereunder Unconditional. The obligations of the Company to make the payments required in Section 5.3 hereof, and to perform and observe any and all of the other covenants and agreements on its part contained herein shall be a general obligation of the Company, and shall be absolute and unconditional irrespective of any defense or any rights of setoff recoupment or counterclaim it may otherwise have against the Agency. The Company agrees it will not (1) suspend, discontinue or xxxxx any payment required hereunder, (ii) fail to observe any of its other covenants or agreements in this Lease Agreement or (iii) terminate this Lease Agreement for any cause whatsoever unless and until the Loan has been paid in full. Subject to the foregoing provisions, nothing contained in this Section shall be construed to release the Agency from the performance of any of the agreements on its part contained in this Lease Agreement or to affect the right of the Company to seek reimbursement, and in the event the Agency should fail to perform any such agreement, the Company may institute such separate action against the Agency as the Company may deem necessary to compel performance or recover damages for non-performance, and the Agency Covenants that it will not, subject to the provisions of Sections 3.3 and 8.3 and Article X hereof, take, suffer or permit any action which will adversely affect, or create any defect in its title to the Facility or which will otherwise adversely affect the rights or estate of the Company hereunder, except upon written consent of the Company.
Appears in 1 contract
Samples: Lease Agreement (CVD Equipment Corp)
Obligations of Company Hereunder Unconditional. The obligations of the Company to make the payments required in Section 5.3 hereof, and to perform and observe any and all of the other covenants and agreements on its part contained herein shall be a general obligation of the Company, and shall be absolute and unconditional irrespective of any defense or any rights of setoff setoff, recoupment or counterclaim it may otherwise have against the AgencyIssuer. The Company agrees it will not (1i) suspend, discontinue or xxxxx any abatx xxx payment required hereunder, (ii) fail to observe any of its other covenants or agreements in this Lease Agreement or (iii) terminate this Lease Agreement for any cause whatsoever unless and until the Loan has been Bond, including premium, if any, and interest thereon, is paid in fullor provided for. Subject to the foregoing provisions, nothing contained in this Section shall be construed to release the Agency Issuer from the performance -performance of any of the agreements on its part contained in this Lease Agreement or to affect the right of the Company to seek reimbursement, and in the event the Agency Issuer should fail to perform any such agreement, the Company may institute such separate action against the Agency Issuer as the Company may deem necessary to compel performance or recover damages for non-non- performance, and the Agency Covenants Issuer covenants that it will not, subject to the provisions of Sections 3.3 and Section 8.3 and Article X hereof, take, suffer or permit any action which will adversely affect, or create any defect in its title to the Facility or which will otherwise adversely affect the rights or estate of the Company hereunder, except upon written consent of the Company.
Appears in 1 contract
Samples: Lease Agreement (Olsten Corp)
Obligations of Company Hereunder Unconditional. The obligations of the Company to make the payments required in Section 5.3 hereof, and to perform and observe any and all of the other covenants and agreements on its part contained herein shall be a general obligation of the Company, and shall be absolute and unconditional irrespective of any defense or any rights of setoff setoff, recoupment or counterclaim it may otherwise have against the Agency. The Company agrees it will not (1i) suspend, discontinue or xxxxx any payment required hereunder, or (ii) fail to observe any of its other covenants or agreements in this Lease Agreement or (iii) terminate this Lease Agreement for any cause whatsoever unless and until the Loan has been paid in fullAgreement. Subject to the foregoing provisions, nothing contained in this Section shall be construed to release the Agency from the performance of any of the agreements on its part contained in this Lease Agreement or to affect the right of the Company to seek reimbursement, and in the event the Agency should fail to perform any such agreement, the Company may institute such separate action against the Agency as the Company may deem necessary to compel performance or recover damages for non-performance, and the Agency Covenants covenants that it will not, subject to the provisions of Sections 3.3 and 8.3 and Article X hereof, take, suffer or permit any action which will adversely affect, or create any defect in its title to or leasehold interest in the Facility or which will otherwise adversely affect the rights or estate of the Company hereunder, except upon written consent of the Company.
Appears in 1 contract
Samples: Lease and Project Agreement
Obligations of Company Hereunder Unconditional. The obligations of the Company to make the payments required in Section 5.3 hereof, and to perform and observe any and all of the other covenants and agreements on its part contained herein shall be a general obligation of the Company, and shall be absolute and unconditional irrespective of any defense or any rights of setoff setoff, recoupment or counterclaim it may otherwise have against the Agency. The Company agrees it will not (1i) suspend, discontinue or xxxxx any payment required hereunder, hereunder or (ii) fail to observe any of its other covenants or agreements in this Lease Agreement or (iii) terminate this Lease Agreement for any cause whatsoever unless and until the Loan has been paid in fullAgreement. Subject to the foregoing provisions, nothing contained in this Section shall be construed to release the Agency from the performance of any of the agreements on its part contained in this Lease Agreement or to affect the right of the Company to seek reimbursement, and in the event the Agency should fail to perform any such agreement, the Company may institute such separate action against the Agency as the Company may deem necessary to compel performance or recover damages for non-performance, and the Agency Covenants covenants that it will not, subject to the provisions of Sections 3.3 and Section 8.3 and Article X hereof, take, suffer or permit any action which will adversely affect, or create any defect in its title to the Facility or which will otherwise adversely affect the rights or estate of the Company hereunder, except upon written consent of the Company. The Agency is relying upon the title description of the Facility provided by the Company and attached hereto as Exhibit A and therefore will not be liable to the Company for any errors or omissions as to the title description.
Appears in 1 contract
Obligations of Company Hereunder Unconditional. The ---------------------------------------------- obligations of the Company to make the payments required in Section 5.3 hereof, and to perform and observe any and all of the other covenants and agreements on its part contained herein shall be a general obligation of the Company, and shall be absolute and unconditional irrespective of any defense or any rights of setoff setoff, recoupment or counterclaim it may otherwise have against the Agency. The Company agrees it will not (1i) suspend, discontinue or xxxxx any payment required hereunder, hereunder or (ii) fail to materially observe any of its other covenants or agreements in this Facility Lease Agreement or (iii) terminate this Lease Agreement for any cause whatsoever unless and until the Loan has been paid in fullAgreement. Subject to the foregoing provisions, nothing contained in this Section shall be construed to release the Agency from the performance of any of the agreements on its part contained in this Facility Lease Agreement or to affect the right of the Company to seek reimbursement, and in the event the Agency should fail to to-perform any such agreement, the Company may institute such separate action against the Agency as the Company may deem necessary to compel performance or recover damages for non-performance, and the Agency Covenants covenants that it will not, subject to the provisions of Sections 3.3 and 8.3 and Article X hereof, take, suffer or permit any action which will adversely affect, or create any defect in its title to the Facility or which will otherwise adversely affect the rights or estate of the Company hereunder, except upon written consent of the Company.
Appears in 1 contract
Obligations of Company Hereunder Unconditional. The obligations of the Company to make the payments required in Section 5.3 hereof, 2.6 hereof and to perform and observe any and all of the other covenants and agreements on its part contained herein shall be a general obligation of the Company, Company and shall be absolute and unconditional irrespective of any defense or any rights of setoff setoff, recoupment or counterclaim it may otherwise have against the Agency. The Company agrees it will not (1i) suspend, discontinue or xxxxx any payment required hereunder, by Section 2.6 hereof or (ii) fail to observe any of its other covenants or agreements in this Lease Agreement or (iii) terminate this Lease Agreement for any cause whatsoever unless and until the Loan has been paid in fullLeaseback Agreement. Subject to the foregoing provisions, nothing contained in this Section 2.7 shall be construed to release the Agency from the performance perfoimance of any of the agreements on its part contained in this Lease Leaseback Agreement or to affect the right of the Company to seek reimbursement, and in the event the Agency should fail to perform any such agreement, the Company may institute such separate action against the Agency as the Company may deem necessary to compel performance or recover damages for non-performancenonperformance, and the Agency Covenants covenants that it will not, subject to the provisions of Sections 3.3 and 8.3 and Article X Section 5.2 hereof, take, suffer or permit any action which will adversely affect, or create any defect in its title to the Facility or which will otherwise adversely affect the rights or estate estates of the Company hereunder, except upon the written consent of the Company. None of , the foregoing shall relieve the Company of its obligations under Section 5.2 hereof.
Appears in 1 contract
Samples: Leaseback Agreement