Common use of Rights of Holders to Receive Payment and to Convert Clause in Contracts

Rights of Holders to Receive Payment and to Convert. Subject to the terms of the Securities of any series relating to subordination (as contemplated by Article Ten and Section 2.02) and notwithstanding any other provision of this Indenture, the right of any Holder of a Security to receive payment of principal of and (subject to Section 2.13) interest, if any, on the Security, on or after the respective due dates with respect to such payments expressed in such Security, and, if applicable, to convert such Security on the terms and subject to the conditions applicable to Securities of such series, or to bring suit for the enforcement of any such payment on or after such respective dates or of such right to convert, if any, shall not be impaired or affected without the consent of the Holder.

Appears in 8 contracts

Samples: Tci Communications Financing Iv, Circus Finance Ii, Ohio Edison Financing Trust Ii

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.