hell or high water clause
Law n.
A provision obliging a party to keep paying regardless of any difficulty, defence, or set-off.
Under the hell or high water clause the lessee pays even if the equipment fails entirely.
Law noun
A covenant obliging the acquirer to take every step, including divestitures and litigation, to secure regulatory approval.
The seller accepted our bid only because we swallowed a hell-or-high-water clause and promised to fight the FTC if it came to that.
Business noun
A provision obliging the buyer to take every step, including divestitures, to win antitrust clearance regardless of cost.
The target's board wouldn't sign without a hell-or-high-water clause, so all the regulatory risk now sits with us.
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