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

Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert. Notwithstanding any other provision in this Indenture, but subject to the provisions of Article Fifteen, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and any premium and (subject to Section 307) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date), to convert such Securities in accordance with Article Fourteen and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.

Appears in 3 contracts

Samples: Indenture (Micron Technology Inc), Indenture (Cygnus Inc /De/), Indenture (Micron Technology Inc)

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Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert. Notwithstanding any other provision in this Indenture, but subject to the provisions of Article Fifteen, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of (and any premium premium, if any) and (subject to Section 307) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the case of redemptionredemption or repurchase, on the Redemption Date or Repurchase Date), as the case may be) and to convert such Securities Security in accordance with Article Fourteen Thirteen and to institute suit for the enforcement of any such paymentpayment and right to convert, and such rights shall not be impaired without the consent of such Holder.

Appears in 2 contracts

Samples: Indenture (Southern Mineral Corp), Indenture (Budget Group Inc)

Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert. Notwithstanding any other provision in this Indenture, but subject to the provisions of Article Fifteen, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and any premium of, premium, if any, Liquidated Damages, if any, and (subject to Section 3072.8) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the case of redemptionredemption or repurchase, on the Redemption Date or Repurchase Date, as the case may be), and to convert such Securities Security in accordance with Article Fourteen Ten, and to institute suit for the enforcement of any such paymentpayment and right to convert, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Indenture Agreement (Protein Design Labs Inc/De)

Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert. Notwithstanding any other provision in this Indenture, but subject to the provisions of Article Fifteen13, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of (and any premium premium, if any) and (subject to Section 3073.7) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date), ) and to convert such Securities Security in accordance with Article Fourteen 12 and to institute suit for the enforcement of any such paymentpayment and right to convert, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Indenture (Analog Devices Inc)

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Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert. Notwithstanding any other provision in this Indenture, but subject to the provisions of Article Fifteen, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and any premium and (subject to Section 307) interest on such Security on the respective Stated Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date), to convert such Securities in -38- 47 accordance with Article Fourteen and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Indenture (Sun Microsystems Inc)

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