Common use of Rights of Certificate Holders to Receive Payment Clause in Contracts

Rights of Certificate Holders to Receive Payment. Notwithstanding any other provision of this Trust Indenture, the right of any Certificate Holder to receive payment of principal of, and premium, if any, and interest on a Secured Certificate on or after the respective due dates expressed in such Secured Certificate, or to bring suit for the enforcement of any such payment on or after such respective dates in accordance with the terms hereof, shall not be impaired or affected without the consent of such Certificate Holder.

Appears in 20 contracts

Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp), Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn), Trust Indenture and Security Agreement (Northwest Airlines Corp)

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Rights of Certificate Holders to Receive Payment. Notwithstanding any other provision of this Trust Indenture, the right of any Certificate Holder to receive payment of principal of, and premiumor interest, if anyPrepayment Premium or Break Amount on, and interest on a Secured Certificate on or after the respective due dates expressed in such Secured Certificate, or to bring suit for the enforcement of any such payment on or after such respective dates in accordance with the terms hereof, shall not be impaired or affected without the consent of such Certificate Holder.. ARTICLE V

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Northwest Airlines Inc /Mn)

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Rights of Certificate Holders to Receive Payment. Notwithstanding any other provision of this Trust Indenture, the right of any Certificate Holder to receive payment of principal of, and premium, if any, and interest on a Secured Certificate on or after the respective due dates expressed in such Secured Certificate, or to bring suit for the enforcement of any such payment on or after such respective dates in -29- accordance with the terms hereof, shall not be impaired or affected without the consent of such Certificate Holder.

Appears in 1 contract

Samples: Trust Indenture and Security Agreement (Northwest Airlines Corp)

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