Common use of Rental Payments to be Unconditional Clause in Contracts

Rental Payments to be Unconditional. Except as provided in Section 3.03, the obligations of Lessee to make Rental Payments and to perform and observe the other covenants and agreements contained in this Agreement and each Lease shall be absolute and unconditional in all events without diminution, deduction, set-off or defense, for any reason, including without limitation any failure of the Equipment under a Lease, any defects, malfunctions, breakdowns or infirmities in such Equipment, disputes with the Vendor of any Equipment or Lessor, failure of the Vendor under any Vendor Agreement to perform any of its obligations thereunder for whatever reason, including bankruptcy, insolvency, reorganization or any similar event with respect to the Vendor under any Vendor Agreement, or any accident, condemnation or unforeseen circumstances.

Appears in 2 contracts

Samples: Master Equipment Lease/Purchase Agreement, Master Equipment Lease/Purchase Agreement

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Rental Payments to be Unconditional. Except as provided in Section 3.03, the obligations of Lessee to make Rental Payments and to perform and observe the other covenants and agreements contained in this Agreement and each Lease shall be absolute and unconditional in all events without abatement, diminution, deduction, set-off or defense, for any reason, including without limitation any failure of the Equipment under a LeaseEquipment, any defects, malfunctions, breakdowns or infirmities in such the Equipment, disputes with the Vendor of any Equipment or Lessor, failure of the Vendor under any Vendor Agreement to perform any of its obligations thereunder for whatever reason, including bankruptcy, insolvency, reorganization or any similar event with respect to the Vendor under any Vendor Agreement, or any accident, condemnation or unforeseen circumstances.

Appears in 1 contract

Samples: Equipment Lease/Purchase Agreement

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Rental Payments to be Unconditional. Except as provided in Section 3.03, the obligations of Lessee to make Rental Payments and to perform and observe the other covenants and agreements contained in this Agreement and each Lease shall be absolute and unconditional in all events without abatement, diminution, deduction, set-off or defense, for any reason, including without limitation any failure of the Equipment under a LeaseEquipment, any defects, malfunctions, breakdowns or infirmities in such Equipmentthe Equipment or any accident, condemnation or unforeseen circumstances, any disputes with the Lessor or any Vendor of any Equipment Equipment, or Lessor, failure of the Vendor disputes under any Vendor Agreement Agreement, or failure of any Vendor to deliver any Equipment or otherwise perform any of its obligations thereunder for whatever reasonreason under any Vendor Agreement, including dissolution, bankruptcy, insolvency, reorganization or any similar event with respect to the Vendor under any Vendor Agreement, or any accident, condemnation or unforeseen circumstancesVendor.

Appears in 1 contract

Samples: Equipment Lease/Purchase Agreement

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