Common use of Unconditional Rights of Holders To Receive Principal Clause in Contracts

Unconditional Rights of Holders To Receive Principal. PREMIUM, IF ANY, AND INTEREST. Notwithstanding any other provisions in this Indenture, the Holder of any Note shall have the right, which is absolute and unconditional, (a) to receive payment of (i) the interest, if any, on such Note on the due dates thereof expressed in such Note or in this Indenture, (ii) the unpaid principal, if any, of such Notes on the Final Maturity Date therefor or (iii) in the case of redemption, receive payment of the unpaid principal and premium, if any, and interest, if any, on such Note on the Optional Redemption 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.

Appears in 6 contracts

Samples: Indenture (Comed Funding LLC), Indenture (Comed Funding LLC), Indenture (Illinois Power Securitization Limited Liability Co)

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