Common use of Unconditional Right of Holders Clause in Contracts

Unconditional Right of Holders. to Receive Principal (and Premium, if any) and Interest, if any. 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 premium, if any) and (subject to Section 307) interest on such Security on the Stated Maturity or 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.

Appears in 3 contracts

Samples: Indenture (Thaxton Group Inc), Thaxton Group Inc, Thaxton Group Inc

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Unconditional Right of Holders. to Receive Principal (Principal, Redemption Price, Fundamental Change Redemption Price and Premium, if any) Interest and Interest, if anyto 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 (principal, Redemption Price, Fundamental Change Redemption Price and premium, if any) and (subject to Section 307) accrued interest on such Security Security, on or after the Stated Maturity or Maturities respective due dates expressed in such Security, and to convert such Security (orin accordance with Article 12, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such paymentpayment and right to convert, and such right rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Ventro Corp

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