Common use of Unconditional Right of Holders Clause in Contracts

Unconditional Right of Holders. to Receive Principal, Premium, Interest and Liquidated Damages, and to Convert. Notwithstanding any other provision of this Indenture but subject to the provisions of Article XII, 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), interest on and Liquidated Damages with respect to, such Security when due (including, in the case of redemption, the Redemption Price on the applicable Redemption Date, and in the case of the Repurchase Price, on the applicable Repurchase Date) and to convert such Security in accordance with Article XIII and to institute suit for the enforcement of any such payment and right to convert, and such rights shall not be impaired without the consent of such Holder.