So-called “hell or high water,” “waiver of defense” and lessor favorable “submission to jurisdiction” clauses have long been cornerstones of equipment finance documentation. But, the unfolding debacle over the last
Come 'Hell or High Water' NorVergence Causing a Stir over Documentation
So-called "hell or high water," "waiver of defense" and lessor favorable "submission to jurisdiction" clauses have long been cornerstones of equipment finance documentation. But, the unfolding debacle over the last year involving a company called NorVergence has cast an unfavorable light on these important provisions and, in doing so, entangled most of the top players in the leasing industry.
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