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

Unconditional Right of Bondholders to Receive Principal, Premium and Interest. Notwithstanding any other provision in this Agreement, the Holder of any Bond shall have the right, which is absolute and unconditional, to receive payment of the principal of (and premium, if any) and interest on such Bond on the respective stated maturity and due dates expressed in such Bond (or, in the case of redemption, on the redemption date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.

Appears in 3 contracts

Samples: Bond Guaranty Agreement (Transportation Technologies Industries Inc), Bond Guaranty Agreement (Accuride Corp), Lease Agreement (Johnstown America Industries Inc)

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Unconditional Right of Bondholders to Receive Principal, Premium and Interest. Notwithstanding any other provision in this AgreementIndenture other than those set forth in Article 3, the Holder of any Bond shall have the right, right which is absolute and unconditional, unconditional to receive payment of the principal of (and premium, if any) and interest on such Bond on the respective stated maturity and due dates Maturity date expressed in such Bond (or, in the case of redemption, on the redemption date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Lease Agreement (Ameron International Corp)

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Unconditional Right of Bondholders to Receive Principal, Premium and Interest. Notwithstanding any other provision provisions in this Agreement, the Holder of any Bond shall have the right, which is absolute and unconditional, to receive payment of the principal of (and premium, if any) and interest on such Bond on the respective stated maturity and due dates expressed in such Bond (or, in the case of redemption, on the redemption date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Bond Guaranty Agreement (Peregrine Industries Inc)

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