hell-or-high-water provision
Noun
A lease agreement provision that obligates the lessee to make all contractual payments regardless of any difficulties that the lessee may encounter, any defects in the leased asset, or any other performance issues with lessors, suppliers or manufacturers with respect to the asset, without regard to any defences it may have against the lessor.
Synonym(s):
- hell-or-high-water clause.
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