Common use of Payments Not Conditional Clause in Contracts

Payments Not Conditional. All payments required to be made by Borrower hereunder or under the Project Loan Note or the other Project Loan Documents shall be made irrespective of, and without deduction for, any setoff, claim or counterclaim and shall be made irrespective of any defense thereto. SECTION 2.7

Appears in 1 contract

Sources: Project Loan Agreement

Payments Not Conditional. All payments required to be made by Borrower hereunder or under the Project Loan Note or the other Project Loan Documents shall be made irrespective of, and without deduction for, any setoff, claim or counterclaim and shall be made irrespective of any defense thereto. SECTION 2.7.

Appears in 1 contract

Sources: Project Loan Agreement (Alexanders Inc)