Unconditional Right of Certificateholders to Receive Principal and Interest. Notwithstanding any other provision in this Agreement, the Holder of any Class A Certificate shall have the right, which is absolute and unconditional, to receive payment of the principal and interest on such Class A Certificate as such principal and interest becomes due and payable and to institute any Proceeding for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder.
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Samples: Trust and Security Agreement (Granite Financial Inc), Trust and Security Agreement (Granite Financial Inc), Trust and Security Agreement (Granite Financial Inc)
Unconditional Right of Certificateholders to Receive Principal and Interest. Notwithstanding any other provision in this Agreement, the The Holder of any Class A Certificate shall have the right, which is absolute and unconditional, to receive payment of the principal and interest on such Class A Certificate as such principal and interest becomes due and payable and to institute any Proceeding for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder.
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