Common use of Obligation Clause in Contracts

Obligation. Each of the Series 2007-1 Letter of Credit Provider and each of the Lessees understands and agrees that the Series 2007-1 Letter of Credit is irrevocable and the obligations of the Series 2007-1 Letter of Credit Provider as issuer thereof shall be unaffected by any default hereunder, including, without limitation any failure to pay the amounts due and payable to the Series 2007-1 Letter of Credit Provider under Section 2.4. No failure of any of the Lessees (or any person or organization acting on behalf thereof) or the Trustee to take any action (whether required hereunder or otherwise), nor any action taken by any of the Lessees shall be asserted by the Series 2007-1 Letter of Credit Provider as a defense to payment under the Series 2007-1 Letter of Credit (except for the failure of any documents presented thereunder to comply with the terms of the Series 2007-1 Letter of Credit) or as the basis of a right of set off by the Series 2007-1 Letter of Credit Provider against its obligations to make any such payment.

Obligation. Each of the Series 20072000-1 Letter of Credit Provider and each of the Lessees understands and agrees that the Series 20072000-1 Letter of Credit is irrevocable and the obligations of the Series 20072000-1 Letter of Credit Provider as issuer thereof shall be unaffected by any default hereunder, including, without limitation any failure to pay the amounts due and payable to the Series 20072000-1 Letter of Credit Provider under Section 2.4. No failure of any of the Lessees (or any person or organization acting on behalf thereof) or the Trustee to take any action (whether required hereunder or otherwise), nor any action taken by any of the Lessees shall be asserted by the Series 20072000-1 Letter of Credit Provider as a defense to payment under the Series 20072000-1 Letter of Credit (except for the failure of any documents presented thereunder to comply with the terms of the Series 20072000-1 Letter of Credit) or as the basis of a right of set off by the Series 20072000-1 Letter of Credit Provider against its obligations to make any such payment.

Obligation. Each of the Series 20072011-1 2 Letter of Credit Provider and each of the Lessees understands and agrees that the Series 20072011-1 2 Letter of Credit is irrevocable and the obligations of the Series 20072011-1 2 Letter of Credit Provider as issuer thereof shall be unaffected by any default hereunder, including, without limitation any failure to pay the amounts due and payable to the Series 20072011-1 2 Letter of Credit Provider under Section 2.4. No failure of any of the Lessees (or any person or organization acting on behalf thereof) or the Trustee to take any action (whether required hereunder or otherwise), nor any action taken by any of the Lessees shall be asserted by the Series 20072011-1 2 Letter of Credit Provider as a defense to payment under the Series 20072011-1 2 Letter of Credit (except for the failure of any documents presented thereunder to comply with the terms of the Series 20072011-1 2 Letter of Credit) or as the basis of a right of set off by the Series 20072011-1 2 Letter of Credit Provider against its obligations to make any such payment.

Obligation. Each of the Series 20072005-1 Letter of Credit Provider and each of the Lessees understands and agrees that the Series 20072005-1 Letter of Credit is irrevocable and the obligations of the Series 20072005-1 Letter of Credit Provider as issuer thereof shall be unaffected by any default hereunder, including, without limitation any failure to pay the amounts due and payable to the Series 20072005-1 Letter of Credit Provider under Section 2.4. No failure of any of the Lessees (or any person or organization acting on behalf thereof) or the Trustee to take any action (whether required hereunder or otherwise), nor any action taken by any of the Lessees shall be asserted by the Series 20072005-1 Letter of Credit Provider as a defense to payment under the Series 20072005-1 Letter of Credit (except for the failure of any documents presented thereunder to comply with the terms of the Series 20072005-1 Letter of Credit) or as the basis of a right of set off by the Series 20072005-1 Letter of Credit Provider against its obligations to make any such payment.

Obligation. Each of the Series 20072004-1 Letter of Credit Provider and each of the Lessees understands and agrees that the Series 20072004-1 Letter of Credit is irrevocable and the obligations of the Series 20072004-1 Letter of Credit Provider as issuer thereof shall be unaffected by any default hereunder, including, without limitation any failure to pay the amounts due and payable to the Series 20072004-1 Letter of Credit Provider under Section 2.4. No failure of any of the Lessees (or any person or organization acting on behalf thereof) or the Trustee to take any action (whether required hereunder or otherwise), nor any action taken by any of the Lessees shall be asserted by the Series 20072004-1 Letter of Credit Provider as a defense to payment under the Series 20072004-1 Letter of Credit (except for the failure of any documents presented thereunder to comply with the terms of the Series 20072004-1 Letter of Credit) or as the basis of a right of set off by the Series 20072004-1 Letter of Credit Provider against its obligations to make any such payment.

Obligation. Each of the Series 20072011-1 Letter of Credit Provider and each of the Lessees understands and agrees that the Series 20072011-1 Letter of Credit is irrevocable and the obligations of the Series 20072011-1 Letter of Credit Provider as issuer thereof shall be unaffected by any default hereunder, including, without limitation any failure to pay the amounts due and payable to the Series 20072011-1 Letter of Credit Provider under Section 2.4. No failure of any of the Lessees (or any person or organization acting on behalf thereof) or the Trustee to take any action (whether required hereunder or otherwise), nor any action taken by any of the Lessees shall be asserted by the Series 20072011-1 Letter of Credit Provider as a defense to payment under the Series 20072011-1 Letter of Credit (except for the failure of any documents presented thereunder to comply with the terms of the Series 20072011-1 Letter of Credit) or as the basis of a right of set off by the Series 20072011-1 Letter of Credit Provider against its obligations to make any such payment.

Obligation. Each of the Series 20072010-1 3 Letter of Credit Provider and each of the Lessees understands and agrees that the Series 20072010-1 3 Letter of Credit is irrevocable and the obligations of the Series 20072010-1 3 Letter of Credit Provider as issuer thereof shall be unaffected by any default hereunder, including, without limitation any failure to pay the amounts due and payable to the Series 20072010-1 3 Letter of Credit Provider under Section 2.4. No failure of any of the Lessees (or any person or organization acting on behalf thereof) or the Trustee to take any action (whether required hereunder or otherwise), nor any action taken by any of the Lessees shall be asserted by the Series 20072010-1 3 Letter of Credit Provider as a defense to payment under the Series 20072010-1 3 Letter of Credit (except for the failure of any documents presented thereunder to comply with the terms of the Series 20072010-1 3 Letter of Credit) or as the basis of a right of set off by the Series 20072010-1 3 Letter of Credit Provider against its obligations to make any such payment.

Obligation. Each of the Series 20072006-1 Letter of Credit Provider and each of the Lessees understands and agrees that the Series 20072006-1 Letter of Credit is irrevocable and the obligations of the Series 20072006-1 Letter of Credit Provider as issuer thereof shall be unaffected by any default hereunder, including, without limitation any failure to pay the amounts due and payable to the Series 20072006-1 Letter of Credit Provider under Section 2.4. No failure of any of the Lessees (or any person or organization acting on behalf thereof) or the Trustee to take any action (whether required hereunder or otherwise), nor any action taken by any of the Lessees shall be asserted by the Series 20072006-1 Letter of Credit Provider as a defense to payment under the Series 20072006-1 Letter of Credit (except for the failure of any documents presented thereunder to comply with the terms of the Series 20072006-1 Letter of Credit) or as the basis of a right of set off by the Series 20072006-1 Letter of Credit Provider against its obligations to make any such payment.

Obligation. Each of the The Series 20071999-1 Letter of Credit Provider and each of the Lessees understands each understand and agrees agree that the Series 20071999-1 Letter of Credit is irrevocable and the obligations of the Series 20071999-1 Letter of Credit Provider as issuer thereof shall be unaffected by any default hereunder, including, without limitation any failure to pay the amounts due and payable to the Series 20071999-1 Letter of Credit Provider under Section 2.4. No failure of any of the Lessees (or any person or organization acting on behalf thereofof either) or the Trustee or the Series 1999-1 Letter of Credit Provider to take any action (whether required hereunder or otherwise), nor any action taken by any of the Lessees shall be asserted by the Series 20071999-1 Letter of Credit Provider as a defense to payment under the Series 20071999-1 Letter of Credit (except for the failure of any documents presented thereunder to comply with the terms of the Series 20071999-1 Letter of Credit) or as the basis of a right of set off by the Series 20071999-1 Letter of Credit Provider against its obligations to make any such payment.

Obligation. Each of the Series 20072002-1 Letter of Credit Provider and each of the Lessees understands and agrees that the Series 20072002-1 Letter of Credit is irrevocable and the obligations of the Series 20072002-1 Letter of Credit Provider as issuer thereof shall be unaffected by any default hereunder, including, without limitation any failure to pay the amounts due and payable to the Series 20072002-1 Letter of Credit Provider under Section 2.4. No failure of any of the Lessees (or any person or organization acting on behalf thereof) or the Trustee to take any action (whether required hereunder or otherwise), nor any action taken by any of the Lessees shall be asserted by the Series 20072002-1 Letter of Credit Provider as a defense to payment under the Series 20072002-1 Letter of Credit (except for the failure of any documents presented thereunder to comply with the terms of the Series 20072002-1 Letter of Credit) or as the basis of a right of set off by the Series 20072002-1 Letter of Credit Provider against its obligations to make any such payment.

Obligation. Each of the Series 20071997-1 Letter of Credit Provider and each of the Lessees understands and agrees that the Series 20071997-1 Letter of Credit is irrevocable and the obligations of the Series 20071997-1 Letter of Credit Provider as issuer thereof shall be unaffected by any default hereunder, including, without limitation any failure to pay the amounts due and payable to the Series 20071997-1 Letter of Credit Provider under Section 2.4. No failure of any of the Lessees (or any person or organization acting on behalf thereof) or the Trustee to take any action (whether required hereunder or otherwise), nor any action taken by any of the Lessees shall be asserted by the Series 20071997-1 Letter of Credit Provider as a defense to payment under the Series 20071997-1 Letter of Credit (except for the failure of any documents presented thereunder to comply with the terms of the Series 20071997-1 Letter of Credit) or as the basis of a right of set off by the Series 20071997-1 Letter of Credit Provider against its obligations to make any such payment.

Obligation. Each of the Series 20072001-1 Letter of Credit Provider and each of the Lessees understands and agrees that the Series 20072001-1 Letter of Credit is irrevocable and the obligations of the Series 20072001-1 Letter of Credit Provider as issuer thereof shall be unaffected by any default hereunder, including, without limitation any failure to pay the amounts due and payable to the Series 20072001-1 Letter of Credit Provider under Section 2.4. No failure of any of the Lessees (or any person or organization acting on behalf thereof) or the Trustee to take any action (whether required hereunder or otherwise), nor any action taken by any of the Lessees shall be asserted by the Series 20072001-1 Letter of Credit Provider as a defense to payment under the Series 20072001-1 Letter of Credit (except for the failure of any documents presented thereunder to comply with the terms of the Series 20072001-1 Letter of Credit) or as the basis of a right of set off by the Series 20072001-1 Letter of Credit Provider against its obligations to make any such payment.

Obligation. Each of the Series 20072003-1 Letter of Credit Provider and each of the Lessees understands and agrees that the Series 20072003-1 Letter of Credit is irrevocable and the obligations of the Series 20072003-1 Letter of Credit Provider as issuer thereof shall be unaffected by any default hereunder, including, without limitation any failure to pay the amounts due and payable to the Series 20072003-1 Letter of Credit Provider under Section 2.4. No failure of any of the Lessees (or any person or organization acting on behalf thereof) or the Trustee to take any action (whether required hereunder or otherwise), nor any action taken by any of the Lessees shall be asserted by the Series 20072003-1 Letter of Credit Provider as a defense to payment under the Series 20072003-1 Letter of Credit (except for the failure of any documents presented thereunder to comply with the terms of the Series 20072003-1 Letter of Credit) or as the basis of a right of set off by the Series 20072003-1 Letter of Credit Provider against its obligations to make any such payment.