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 Loan Agreement, 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 4 contracts

Samples: Loan Agreement (Cronos Group), Loan Agreement (Cronos Group), Loan Agreement (Cronos Group)

AutoNDA by SimpleDocs

Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision of this Loan AgreementIndenture, 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 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 (SeaCube Container Leasing Ltd.), Indenture (Seacastle Inc.)

AutoNDA by SimpleDocs

Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision of this Master Loan Agreement, 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 1 contract

Samples: Master Loan Agreement (Cronos Group)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!