Unconditional Rights of Holders To Receive Principal. Premium, if any, and Interest. Notwithstanding any other provisions in this Indenture, the Holder of any Bond shall have the right, which is absolute and unconditional, (a) to receive payment of (i) the interest, if any, on such Bond on the due dates thereof expressed in such Bond or in this Indenture, (ii) the unpaid principal, if any, of such Bonds 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 Bond 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 3 contracts
Samples: Transition Property Servicing Agreement (Oncor Electric Delivery Transition Bond Co LLC), Transition Property Servicing Agreement (Oncor Electric Delivery Transition Bond Co LLC), Transition Property Servicing Agreement (Oncor Electric Delivery Transition Bond Co LLC)
Unconditional Rights of Holders To Receive Principal. Premium, if any, and Interest. Notwithstanding any other provisions in this Indenture, the Holder of any Bond Note shall have the right, which is absolute and unconditional, (a) to receive payment of (i) the interest, if any, on such Bond Note on the due dates thereof expressed in such Bond Note or in this Indenture, (ii) the unpaid principal, if any, of such Bonds 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 Bond 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 2 contracts
Samples: Interest Original Principal (Central & South West Corp), CPL Transition Funding LLC
