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.

Appears in 5 contracts

Samples: Indenture Agreement (Criimi Mae CMBS Corp), Indenture Agreement (Criimi Mae CMBS Corp), Indenture Agreement (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(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.

Appears in 1 contract

Samples: Indenture (Imperial Credit Commercial Mortgage Acceptance 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 55.02.

Appears in 1 contract

Samples: Indenture (Collateralized Mortgage Bonds Series 1999 1)

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