Common use of Obligations of Borrower Unconditional Clause in Contracts

Obligations of Borrower Unconditional. The obligations of the Borrower to make all payments pursuant to this Agreement and to observe and perform all other covenants, conditions and agreements under the Basic Documents shall be absolute and unconditional, irrespective of any rights of setoff, recoupment or counterclaim the Borrower might otherwise have against the Authority or the Trustee. Subject to prepayment as provided in this Agreement, the Borrower shall not suspend or discontinue any such payment or fail to observe and perform any of its other covenants, conditions and agreements under the Basic Documents for any cause, including without limitation any acts or circumstances that may constitute an eviction or constructive eviction, failure of consideration, failure of title to any part or all of the Facility, or commercial frustration of purpose, or any damage to or destruction or condemnation of all or any part of the Facility or any change in the tax or other laws of the United States, the Commonwealth or any political subdivision of either or any failure of the Authority or any other person to observe and perform any covenant, condition or agreement, whether express or implied, or any duty, liability or obligation arising out of or in connection with the Basic Documents.

Obligations of Borrower Unconditional. The obligations of the Borrower to make all payments pursuant to this Agreement and to observe and perform all other covenants, conditions and agreements under the Basic Documents shall be absolute and unconditional, irrespective of any rights of setoff, recoupment or counterclaim the Borrower might otherwise have against the Authority or the Trustee. Subject to prepayment as provided in this Agreement, the Borrower shall not suspend or discontinue any such payment or fail to observe and perform any of its other covenants, conditions and agreements under the Basic Documents for any cause, including without limitation any acts or circumstances that may constitute an eviction or constructive eviction, failure of consideration, failure of title to any part or all of the FacilityProject, or commercial frustration of purpose, or any damage to or destruction or condemnation of all or any part of the Facility Project or any change in the tax or other laws of the United States, the Commonwealth or any political subdivision of either or any failure of the Authority or any other person to observe and perform any covenant, condition or agreement, whether express or implied, or any duty, liability or obligation arising out of or in connection with the Basic Documents.