Common use of Obligation of the Lessee to Pay Rent Clause in Contracts

Obligation of the Lessee to Pay Rent. The Lessee's obligation to pay, as the same becomes due, Basic Rent, Additional Rent, Termination Rent, and all other amounts payable hereunder shall, subject to the covenant of the Lessor contained in Section 3 hereof, be absolute and unconditional and shall not be affected by any circumstance, including, without limitation, (i) any setoff, counterclaim, recoupment, defense or other right which the Lessee may have against the Lessor or anyone else for any reason whatsoever, (ii) any defect in the title, compliance with specifications, condition, design, operation or fitness for use of, or any damage to or loss or destruction of, any Nuclear Material, or (iii) any interruption or cessation in the use or possession of any Nuclear Material by the Lessee for any reason whatsoever. The Lessee hereby waives, to the extent permitted by applicable law, any and all rights which it may now have or which at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit or surrender this Lease Agreement except in accordance with its express terms. Each payment of Rent and each other payment made by the Lessee shall be final, and the Lessee will not seek to recover all or any part of such payment from the Lessor for any reason whatsoever.

Obligation of the Lessee to Pay Rent. The Lessee's obligation to pay, as the same becomes due, Basic Rent, Additional Rent, Termination Rent, and all other amounts payable hereunder shall, subject to the covenant of the Lessor contained in Section 3 hereof, be absolute and unconditional and shall not be affected by any circumstance, including, without limitation, (ia) any setoff, counterclaim, recoupment, defense or other right which the Lessee may have against the Lessor or anyone else for any reason whatsoever, (iib) any defect in the title, compliance with specifications, condition, design, operation or fitness for use of, or any damage to or loss or destruction of, any Nuclear Material, or (iiic) any interruption or cessation in the use or possession of any Nuclear Material by the Lessee for any reason whatsoever. The Lessee hereby waives, to the extent permitted by applicable law, any and all rights which it may now have or which at any time hereafter may be conferred upon it, by statute or otherwise, to terminate, cancel, quit or surrender this Lease Agreement except in accordance with its express terms. Each payment of Rent and each other payment made by the Lessee shall be final, and the Lessee will not seek to recover all or any part of such payment from the Lessor for any reason whatsoever.