Rights of Holders of Secured Notes. Notwithstanding ---------------------------------- any provision herein (including Section 5.11) to the contrary, the Holder of a Secured Note shall have the absolute and unconditional right to receive payment from the Indenture Estate of the principal of and interest on such Secured Note on the dates and as specified in such Secured Note, and to institute suit against the Owner Trust for the enforcement of any such payment, subject to Section 2.02, and such right shall not be impaired without the consent of such Holder.
Appears in 6 contracts
Samples: Lease, and Security Agreement (Mobil Corp), Lease and Security Agreement (Mobil Corp), Lease and Security Agreement (Mobil Corp)
Rights of Holders of Secured Notes. Notwithstanding ---------------------------------- any provision herein (including Section 5.11) to the contrary, the Holder of a Secured Note shall have the absolute and unconditional right to receive payment from the Indenture Estate of the principal of and interest on such Secured Note on the dates and as specified in such Secured Note, and to institute suit against the Owner Trust Trustee for the enforcement of any such payment, subject to Section 2.02, and such right shall not be impaired without the consent of such Holder.
Appears in 2 contracts
Samples: Mobil Corp, Mobil Corp
Rights of Holders of Secured Notes. Notwithstanding ---------------------------------- any provision herein (including Section 5.11) to the contrary, the Holder of a Secured Note shall have the absolute and unconditional right to receive payment from the Indenture Estate of the principal of and interest on such Secured Note on the dates and as specified in such Secured Note, and to institute suit against the Owner Trust Grantor Trustee for the enforcement of any such payment, subject to Section 2.02, and such right shall not be impaired without the consent of such Holder.
Appears in 1 contract
Samples: Eex Corp
