Unconditional Right of Holders to Receive Principal (and Premium Clause Samples
The "Unconditional Right of Holders to Receive Principal (and Premium)" clause guarantees that holders of a financial instrument, such as bonds or notes, are entitled to receive payment of the principal amount and any applicable premium without any conditions or restrictions. In practice, this means that regardless of other events or defaults, the issuer must pay the principal and premium amounts to the holders when due, and these rights cannot be impaired or delayed by other provisions in the agreement. This clause serves to protect investors by ensuring they will receive their core investment back, thereby reducing risk and providing certainty regarding repayment.
Unconditional Right of Holders to Receive Principal (and Premium if any) and Interest, if any.
Unconditional Right of Holders to Receive Principal (and Premium if any) and Interest, if any. Notwithstanding any other provision in this Senior Indenture, the Holder of any Security shall have the right which is absolute and unconditional to receive payment of the principal of (and premium, if any, on) and (subject to Section 3.07) interest, if any, on such Security on the respective Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment and such right shall not be impaired without the consent of such Holder.
Unconditional Right of Holders to Receive Principal (and Premium if any) and Interest, if any. Notwithstanding any other provision in this Subordinated Indenture, but subject to Article Thirteen in relation to subordination and subject to Section 3.07 hereof, and subject further to the obligation to make Deferred Interest Payments pursuant to the Alternative Coupon Satisfaction Mechanism, as and to the extent set forth in a Board Resolution or supplemental indenture executed pursuant to Section 3.01 hereof establishing the terms of the relevant series of Securities, the Holder of any Security shall have the right which is absolute and unconditional to receive payment of the principal of (and premium, if any, on) and interest, if any, on such Security on the Stated Maturity, Deferred Interest Payment Date or Deferred Principal Payment Date, as the case may be, expressed in such Security (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment and such right shall not be impaired without the consent of such Holder.
Unconditional Right of Holders to Receive Principal (and Premium if any) and Interest, if any. Notwithstanding any other provision in this Subordinated Indenture, but subject to Article Thirteen in relation to subordination and subject to Section 3.07 hereof, and as and to the extent set forth in a Board Resolution or supplemental indenture executed pursuant to Section 3.01 hereof establishing the terms of the relevant series of Securities, the Holder of any Security shall have the right which is absolute and unconditional to receive payment of the principal of (and premium, if any, on) and interest, if any, on such Security on the Stated Maturity, Deferred Interest Payment Date or Deferred Principal Payment Date, as the case may be, expressed in such Security (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment and such right shall not be impaired without the consent of such Holder.