Common use of Unconditional Right of Holders to Receive Contract Fee Clause in Contracts

Unconditional Right of Holders to Receive Contract Fee. Notwithstanding any other provision in this Agreement, the Holder of any Security shall have the right, which is absolute and unconditional (subject to the right of the Company to defer payment thereof pursuant to Section 503), to receive payment of each installment of the Contract Fee with respect to the Purchase Contract constituting a part of such Security on the respective Payment Date for such Security and to purchase Common Stock pursuant to such Purchase Contract and, in each such case, to institute suit for the enforcement of any such payment and right to purchase Common Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 5 contracts

Samples: Stock Purchase Contract Agreement (Ati Financing Ii), Purchase Contract Agreement (Ferro Corp), Purchase Contract Agreement (Alco Standard Corp)

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Unconditional Right of Holders to Receive Contract Fee. Notwithstanding any other provision in this Agreement, the Holder of any Security shall have the right, which is absolute and unconditional (subject to the right of the Company to defer payment thereof pursuant to Section 5035.03), to receive payment of each installment of the Contract Fee with respect to the Purchase Contract constituting a part party of such Security on the respective Payment Date for such Security and to purchase Common Stock pursuant to such Purchase Contract and, in each such case, to institute suit for the enforcement of any such payment and right to purchase Common Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 2 contracts

Samples: Pledge Agreement (Allied Waste North America Inc/De/), Pledge Agreement (Radio One Licenses LLC)

Unconditional Right of Holders to Receive Contract Fee. Notwithstanding any other provision in this Agreement, the Holder of any Security shall have the right, which is absolute and unconditional (subject to the right of the Company to defer payment thereof pursuant to Section 503), to receive payment of each installment of the Contract Fee with respect to the Purchase Contract constituting a part party of such Security on the respective Payment Date for such Security and to purchase Common Stock pursuant to such Purchase Contract and, in each such case, to institute suit for the enforcement of any such payment and right to purchase Common Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 2 contracts

Samples: Stock Purchase Contract Agreement (CCC Capital Trust Ii), Stock Purchase Contract Agreement (Heftel Capital Trust Ii)

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Unconditional Right of Holders to Receive Contract Fee. Notwithstanding any other provision in this Agreement, the Holder of any Security shall have the right, which is absolute and unconditional (subject to the right of the Company to defer payment thereof pursuant to Section 47 43 503), to receive payment of each installment of the Contract Fee with respect to the Purchase Contract constituting a part party of such Security on the respective Payment Date for such Security and to purchase Common Stock pursuant to such Purchase Contract and, in each such case, to institute suit for the enforcement of any such payment and right to purchase Common Stock, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Stock Purchase Contract Agreement (Ccci Capital Trust Iii)

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