Unconditional Net Lease Clause Samples

Unconditional Net Lease. This Master Lease shall constitute an ----------------------- absolute and unconditional net lease. Any present or future law to the contrary notwithstanding, this Master Lease shall not terminate, nor shall the Lessee be entitled to any abatement, suspension, deferment, reduction, set-off, counterclaim, or defense with respect to the Rent, nor shall the obligations of the Lessee hereunder be affected (except as expressly herein permitted and by performance of the obligations in connection therewith) by reason of: (i) any defect in the condition, merchantability, design, construction, quality or fitness for use of any of the Equipment or any part thereof, or the failure of any of the Equipment to comply with all Requirements of Law and Equipment Legal Requirements, including any inability to occupy or use any of the Equipment by reason of such non-compliance; (ii) any damage to, loss or destruction of, removal, abandonment, salvage, loss, contamination of or Release from, scrapping or destruction of or any requisition or taking of, any of the Equipment or any part thereof; (iii) any restriction, prevention or curtailment of or interference with any use of any of the Equipment or any part thereof including eviction; (iv) the interference with the Lessee's use of any of the Equipment by any private person, corporation, or governmental authority, or any defect in title to or rights to any of the Equipment or any Lien on such title or rights or on any of the Equipment (other than Lessor Liens); (v) any change, waiver, extension, indulgence or other action or omission or breach in respect of any obligation or liability of or by the Lessor or any Lender; (vi) any bankruptcy, insolvency, reorganization, composition, adjustment, dissolution, liquidation or other like proceedings relating to the Lessee, the Lessor, any Lender or any other Person, or any action taken with respect to this Master Lease by any trustee or receiver of the Lessee, the Lessor, any Lender or any other Person, or by any court, in any such proceeding; (vii) any claim that the Lessee has or might have against any Person, including without limitation the Lessor, any Lender, or any vendor, manufacturer, contractor of or for any of the Equipment; (viii) any failure on the part of the Lessor to perform or comply with any of the terms of this Master Lease (other than performance by Lessor of its obligations set forth in Section ------- 2.1 hereof), of any other Operative Document or of any other ag...