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

Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision of this Indenture, each Noteholder shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Note as such principal and interest becomes due and payable and to institute any Proceeding for the enforcement of such payment, and such rights shall not be impaired without the consent of such Holder.

Appears in 2 contracts

Samples: Indenture (BRL Universal Equipment Corp), Willis Lease Finance Corp

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Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision of this Indenture, each Noteholder shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Note as such principal and interest becomes become due and payable in accordance with the provisions of this Indenture and the related Supplement and, subject to the requirements hereof, to institute any Proceeding for the enforcement of such payment, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Qualified Institutional Buyers (SeaCube Container Leasing Ltd.)

Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision of in this Indenture, each Noteholder but subject to the priorities of payment provided for herein, the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Note as such principal and interest becomes become due and payable and to institute any Proceeding suit for the enforcement of any such payment, and such rights right shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Indenture (Andersons Inc)

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Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision of in this Indenture, each Noteholder the Holder of any Note shall have the right, which is absolute and unconditional, to receive (a) payment of the principal of and interest on such Note as (including the Fundamental Change Purchase Price, if applicable) when due (unless earlier converted or purchased), and (b) delivery of the consideration due upon exchange of such principal and interest becomes due and payable Note, and to institute any Proceeding suit for the enforcement of any such paymentpayment or delivery, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Nextera Energy Inc

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