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.
HELL-OR-HIGH-WATER CLAUSE
Meaning of HELL-OR-HIGH-WATER CLAUSE in English
Finance-Leasing English vocabulary. Английский словарь финансов и лизинга. 2012