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

Unconditional Right of Holders to Receive Principal and Interest and to Convert. Notwithstanding any other provision in this Indenture, but subject to Article IV of this Indenture, the Holder of any Debenture shall have the right, which is absolute and unconditional, to receive payment of the principal of and (subject to Section 2.3) interest (including any Additional Payments) on the Debentures on the Stated Maturity or Maturities expressed in the Debentures (or, in the case of redemption, on the Redemption Date) and to convert such Debenture into Common Stock in accordance with Article XV and to institute suit for the enforcement of any such payment and right to convert, and such rights shall not be impaired without the consent of such Holder.

Appears in 3 contracts

Samples: Indenture (Insignia Financing I), Exchange Agreement (Insignia Financial Group Inc /De/), Qualicomm Financial Trust I

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Unconditional Right of Holders to Receive Principal and Interest and to Convert. Notwithstanding any other provision in this Indenture, but subject to Article IV of this Indenture, the Holder of any Debenture shall have the right, which is absolute and unconditional, to receive payment of the principal of and (subject to Section 2.3) interest (including any Additional Payments) on the Debentures on the Stated Maturity or Maturities expressed in the Debentures (or, in the case of redemption, on the Redemption Date) and to convert such Debenture into Common Stock in accordance with Article XV and to institute suit for the enforcement of any such payment and right to convert, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Indenture (Wabash National Corp /De)

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