Common use of Absolute Rights of Holders Clause in Contracts

Absolute Rights of Holders. Notwithstanding any other provision of this Agreement (other than Section 3.2) or any provision of any Collateral Document, but subject to the provisions of the Indenture, the right of each Holder, which is absolute and unconditional, to receive payments of the Secured Obligations held by such Holder on or after the due date thereof as therein expressed, to seek adequate protection in respect of its interest in this Agreement and the Collateral, to institute suit for the enforcement of such payment on or after such due date, or to assert its position and views as a secured creditor in a Bankruptcy Proceeding, or the obligation of the Trustors, which is also absolute and unconditional, to pay the Secured Obligations to the Holders at the time and place expressed therein shall not be impaired or affected without the consent of such Holder.

Absolute Rights of Holders. Notwithstanding any other provision of this Agreement (other than Section 3.2) or any provision of any Collateral Document, but subject to the provisions of the Indentureapplicable Indentures, the right of each Holder, which is absolute and unconditional, to receive payments of the Secured Obligations held by such Holder on or after the due date thereof as therein expressed, to seek adequate protection in respect of its interest in this Agreement and the Collateral, to institute suit for the enforcement of such payment on or after such due date, or to assert its position and views as a secured creditor in a Bankruptcy Proceeding, or the obligation of the Trustors, which is also absolute and unconditional, to pay the Secured Obligations to the Holders at the time and place expressed therein shall not be impaired or affected without the consent of such Holder.

Absolute Rights of Holders. Notwithstanding any other provision of this Agreement (other than Section 3.2) or any provision of any Collateral Security Document, but subject to the provisions of the Indenture, the right of each Holder, which is absolute and unconditional, to receive payments of the Secured Obligations Debt held by such Holder on or after the due date thereof as therein expressed, to seek adequate protection in respect of its interest in this Agreement and the Collateral, to institute suit for the enforcement of such payment on or after such due date, or to assert its position and views as a secured creditor in a Bankruptcy Proceeding, or the obligation of the TrustorsCompany, which is also absolute and unconditional, to pay the Secured Obligations Debt to the Holders at the time and place expressed therein shall not be impaired or affected without the consent of such Holder.