Common use of Obligations of the Local Government Unconditional Clause in Contracts

Obligations of the Local Government Unconditional. Except as otherwise provided in this Agreement, including without limitation Section 3.10, the Local Government’s obligation to make all payments pursuant to this Agreement and to observe and perform all other covenants, conditions and agreements under the Leases is absolute and unconditional, irrespective of any rights of setoff, recoupment or counterclaim the Local Government otherwise might have against VRA, and the Local Government shall not suspend or discontinue any such payments or fail to observe and perform any of its other covenants, conditions and agreements under the Leases.

Appears in 3 contracts

Samples: Local Lease Acquisition Agreement and Financing Lease, Local Lease Acquisition Agreement and Financing Lease, Prime Lease

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Obligations of the Local Government Unconditional. Except as otherwise provided in this Agreement, including without limitation Section 3.10, the Local Government’s 's obligation to make all payments pursuant to this Agreement and to observe and perform all other covenants, conditions and agreements under the Leases is absolute and unconditional, irrespective of any rights of setoff, recoupment or counterclaim the Local Government otherwise might have against VRA, and the Local Government shall not suspend or discontinue any such payments or fail to observe and perform any of its other covenants, conditions and agreements under the Leases.

Appears in 1 contract

Samples: Local Lease Acquisition Agreement and Amended and Restated Financing Lease

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