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| Definition Of: |
Hell-or-high-water Clause
A clause in a lease that states the unconditional obligation of the lessee to pay rent for the entire term of the lease- regardless of any event affecting the equipment or any change in the circumstances of the lessee.
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Leasing Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 A: Page 1 of 4.
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