FIRST PARAGRAPH. Tolerance of THE LESSOR in receiving delayed rental payments does not imply an extension of agreed terms for compliance of duties by THE LESSEE under this Contract. SECOND PARAGRAPH The lease rent cannot be decreased based in the argument of deterioration or obsolescence of the equipment, events which are assumed by THE LESSEE without decreasing its obligations vis a vis THE LESSOR. THIRD PARAGRAPH The obligation of paying rentals on behalf THE LESSEE will not terminate by the fact of ceasing temporary or definitively operation of the leased equipment or due to repair, transference, transformation, strike or a catastrophe at the corporation, and in general for any non attributable cause to THE LESSOR.
Appears in 4 contracts
Samples: Leasing Agreement (Transtel S A), Transtel S A, Transtel S A
