Common use of Unconditional Right of Noteholders to Receive Principal and Interest Clause in Contracts

Unconditional Right of Noteholders to Receive Principal and Interest. Notwithstanding any other provision of this Indenture, each Noteholder shall have the right, which is absolute and unconditional, to receive payment of the interest and principal, if any, due on such Noteholder's Notes on or after the due date expressed in such Notes or in this Indenture and to institute suit for the enforcement of any such payment. Such right shall not be impaired without the consent of the related Noteholder.

Appears in 9 contracts

Samples: Indenture (Irwin Whole Loan Home Equity Trust 2005-A), Indenture (Bear Stearns Asset Backed Sec Inc Irwin Home Eq Lo Tr 1999-2), Indenture (Bear Stearns Asset Backed Securities I LLC)

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Unconditional Right of Noteholders to Receive Principal and Interest. Notwithstanding any other provision of this Indenture, each Noteholder shall have the right, which is absolute and unconditional, to receive payment of the interest and principal, if any, due on such Noteholder's ’s Notes on or after the due date expressed in such Notes or in this Indenture and to institute suit for the enforcement of any such payment. Such right shall not be impaired without the consent of the related Noteholder.

Appears in 4 contracts

Samples: Indenture (Bear Stearns Asset Backed Securities Inc), Indenture (Bear Stearns Asset Backed Securities Inc), Indenture (Irwin Home Equity Loan Trust 2004-1)

Unconditional Right of Noteholders to Receive Principal and Interest. Notwithstanding any other provision of in this Indenture, each Noteholder the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal and interest and principal, if any, due on such Noteholder's Notes on or after the Note as such principal and interest becomes due date expressed in such Notes or in this Indenture and payable and to institute suit any Proceeding for the enforcement of any such payment. Such , and such right shall not be impaired without the consent of the related Noteholdersuch Holder.

Appears in 3 contracts

Samples: Indenture (Microfinancial Inc), Indenture (Microfinancial Inc), Indenture (Microfinancial Inc)

Unconditional Right of Noteholders to Receive Principal and Interest. Notwithstanding any other provision of this in the Indenture, each Noteholder the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the interest principal, interest, and principalpremium, if any, due on such Noteholder's Notes on or after the Note as such principal, interest, and premium, if any, becomes due date expressed in such Notes or in this Indenture and payable and to institute suit any Proceeding for the enforcement of any such payment. Such , and such right shall not be impaired without the consent of the related Noteholdersuch Holder.

Appears in 1 contract

Samples: Indenture (Microfinancial Inc)

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Unconditional Right of Noteholders to Receive Principal and Interest. Notwithstanding any other provision of in this Indenture, each Noteholder the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest and principal, if any, due on such Noteholder's Notes on or after the Note as such principal and interest becomes due date expressed in such Notes or in this Indenture and payable and to institute suit for the enforcement of any such payment. Such , and such right shall not be impaired without the consent of the related Noteholdersuch Holder.

Appears in 1 contract

Samples: Indenture (Sunterra Corp)

Unconditional Right of Noteholders to Receive Principal and Interest. Notwithstanding any other provision of in this Indenture, each Noteholder the Holder of any Note shall have the right, right which is absolute and unconditional, unconditional to receive payment of the principal of and all (subject to Section 2.10) interest and principal, if any, due on such Noteholder's Notes Note on or after the due date respective Stated Maturities expressed in such Notes or Note (or, in this Indenture the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment. Such , and such right shall not be impaired without the consent of the related Noteholdersuch Holder.

Appears in 1 contract

Samples: Indenture (Transtel S A)

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