Common use of Unconditional Right of Bondholders to Receive Principal and Interest Clause in Contracts

Unconditional Right of Bondholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture (except those specifically referenced in this Section 5.08), the Holder of any Bond shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Bond (subject to Section 2.07(g) and the second sentence of Section 3.01) and, if the nonpayment constitutes an Issuer Event of Default, to institute suit for the enforcement of any such payment (subject to Section 5.07 and Section 12.17), and such rights shall not be impaired without the consent of such Bondholder, unless a non-payment has been cured pursuant to Section 5.02. The Issuer shall, however, be subject to only one consolidated lawsuit by the Bondholders of any Series, or by the Indenture Trustee on behalf of such Bondholders, for any one cause of action arising under this Indenture or otherwise.

Appears in 5 contracts

Samples: Criimi Mae CMBS Corp, Criimi Mae CMBS Corp, Criimi Mae CMBS Corp

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Unconditional Right of Bondholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture (except those specifically referenced in this Section 5.08), the Holder of any Bond shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Bond (subject to Section 2.07(g2.07(f) and the second third sentence of Section 3.01) and, if the nonpayment constitutes an Issuer Event of Default, to institute suit for the enforcement of any such payment (subject to Section 5.07 and Section 12.1714.17), and such rights shall not be impaired without the consent of such Bondholder, unless a non-payment has been cured pursuant to Section 5.02. The Issuer shall, however, be subject to only one consolidated lawsuit by the Bondholders of any Series, or by the Indenture Trustee on behalf of such Bondholders, for any one cause of action arising under this Indenture or otherwise.

Appears in 1 contract

Samples: Indenture (Collateralized Mortgage Bonds Series 1999 1)

Unconditional Right of Bondholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture (except those specifically referenced in this Section 5.08)Indenture, the Holder of any Bond at Maturity shall have the right, which is absolute and unconditional, to receive payment payments of the interest, principal of and interest other amounts then due on such Bond (subject to Section 2.07(gSections 2.10 and 4.05) and the second sentence of Section 3.01) and, if the nonpayment constitutes an Issuer Event of Default, to institute suit for the enforcement of any such payment (subject to Section 5.07 and Section 12.174.06), and such rights shall not be impaired without the consent of such Bondholder, unless a non-payment has been cured pursuant to the next to last paragraph of Section 5.024.02. The Issuer shall, however, be subject to only one consolidated lawsuit by the Bondholders of any SeriesBondholders, or by the Indenture Trustee on behalf of such the Bondholders, for any one cause of action arising under this Indenture or otherwise.

Appears in 1 contract

Samples: Indenture (Imh Assets Corp Impac CMB Trust 1998 C1 Col Mor Bond 1998 C1)

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Unconditional Right of Bondholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture (except those specifically referenced in this Section 5.08), the Holder of any Bond shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Bond (subject to Section 2.07(g) and the second sentence of Section 3.01) and, if the nonpayment constitutes an Issuer Event of Default, to institute suit for the enforcement of any such payment (subject to Section 5.07 and Section 12.1714.17), and such rights shall not be impaired without the consent of such Bondholder, unless a non-payment has been cured pursuant to Section 5.02. The Issuer shall, however, be subject to only one consolidated lawsuit by the Bondholders of any SeriesBondholders, or by the Indenture Trustee on behalf of such Bondholders, for any one cause of action arising under this Indenture or otherwise.

Appears in 1 contract

Samples: Imperial Credit Commercial Mortgage Acceptance Corp

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