Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert. Notwithstanding any other provision in this Indenture, 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 Maturity or Maturities expressed in such Security (or, in the case of redemption or offer by the Company to purchase the Securities pursuant to the terms of this Indenture, on the Redemption Date or purchase date, as applicable) and to convert such Securities in accordance with the terms thereof, and to institute suit for the enforcement of any such payment or right of conversion, and such rights shall not be impaired without the consent of such Holder.
Appears in 2 contracts
Samples: Subordinated Indenture (Penn Virginia Corp), Senior Indenture (Stone Energy Corp)
Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert. Notwithstanding any other provision in this Indenture, 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 Maturity or Maturities expressed in such Security (or, in the case of redemption or offer by the Company Issuers to purchase the Securities pursuant to the terms of this Indenture, on the Redemption Date or purchase date, as applicable) and to convert such Securities in accordance with the terms thereof, and to institute suit for the enforcement of any such payment or right of conversion, and such rights shall not be impaired without the consent of such Holder.
Appears in 1 contract
Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert. Notwithstanding any other provision in this Indenture, 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 pursuant to the terms thereof or the Guarantee thereof (and any Additional Amounts) on the respective Stated Maturity or Maturities expressed in such Security (or, in the case of redemption or offer by the Company to purchase the Securities pursuant to the terms of this Indentureredemption, on the Redemption Date or purchase dateDate), as applicable) and and, if the terms of such Security so provide, to convert such Securities Security in accordance with the terms thereofits terms, and to institute suit for the enforcement of any such payment or and, if applicable, any such right of conversionto convert, and such rights shall not be impaired without the consent of such Holder.
Appears in 1 contract
Samples: Indenture (Corning Inc /Ny)