Unconditional Rights of Holders to Receive Principal and Interest Sample Clauses

Unconditional Rights of Holders to Receive Principal and Interest. Subject to Section 2.8(i), but notwithstanding any other provision of this Indenture, the Holder of any Secured Note shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Secured Note, as such principal, interest and other amounts become due and payable in accordance with the Priority of Payments and Section 13.1, as the case may be, and, subject to the provisions of Section 5.8, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder. Holders of Secured Notes ranking junior to Secured Notes still Outstanding shall have no right to institute Proceedings to request the Trustee to institute proceedings for the enforcement of any such payment until such time as no Secured Notes ranking senior to such Secured Notes remains Outstanding, which right shall be subject to the provisions of Section 5.8, and shall not be impaired without the consent of any such Holder.
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Unconditional Rights of Holders to Receive Principal and Interest. Subject to Section 2.7(g), but notwithstanding any other provision of this Indenture, the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Note, as such principal, interest and other amounts become due and payable in accordance with the Priority of Payments, as the case may be, and, subject to the provisions of Section 5.8, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder.
Unconditional Rights of Holders to Receive Principal and Interest. Notwithstanding any other provisions in this Indenture, the Holder of any Rate Reduction Bond shall have the right, which is absolute and unconditional, (a) to receive payment of (i) the interest, if any, on such Rate Reduction Bond on the due dates thereof expressed in such Rate Reduction Bond or in this Indenture or (ii) the unpaid principal, if any, of the Rate Reduction Bonds on the Final Maturity Date therefor and (b) to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder.
Unconditional Rights of Holders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, the Holder of any Mortgage Note shall have the right, to the extent permitted by applicable law, which right is absolute and unconditional except to the extent restricted by applicable law, (i) to receive payments of interest on such Mortgage Note on each interest payment date, (ii) to receive payments of principal on such Mortgage Note on such principal or sinking fund payment date (or, in the case of any Mortgage Note called for redemption, on or after the date fixed for such redemption) and (iii) to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder; provided, however, no Holder of a Mortgage Note shall have any right to institute any such suit, if and to the extent that the institution or prosecution thereof or the entry of a judgment therein would, under applicable law, result in the surrender, impairment, or waiver of the Lien of this Indenture upon the Trust Estate.
Unconditional Rights of Holders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture (but subject to the following sentence), the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal of, and the Make-Whole Amount, if any, and interest on such Note on the respective dates such payments are due in accordance with the terms of the Notes and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder. Notwithstanding any other provision in this Indenture or any Note, the Issuer may deduct or withhold taxes or other governmental charges from or in respect of any payment required to be made under this Indenture or any Note to the extent required by applicable law.

Related to Unconditional Rights of Holders to Receive Principal and Interest

  • Unconditional Right of Holders to Receive Principal, Premium and Interest 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 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 rights shall not be impaired without the consent of such Holder.

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