Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on the Obligations as such principal and interest become due and payable in accordance with the terms hereof and, subject to the provisions of Section 9.5, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender.
Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, but subject to Section 12.8, each Lender has the right, which is absolute and unconditional, to receive payment of the portion of Obligations owing to it as such amounts become due and payable in accordance with the terms hereof and, subject to the provisions of Section 9.4 and Section 12.18, upon the occurrence and during the continuance of an Event of Default, to institute proceedings for the enforcement of any such payment. Each Lender’s rights as described in this Section 9.5(a) may not be impaired without the consent of such Lender.
Unconditional Rights of Lenders to Receive Principal and Interest. (a) Notwithstanding any other provision in this Agreement, each Lender shall have the right, which is absolute and unconditional, to receive payment of the Obligations as such amounts become due and payable in accordance with the terms hereof and, subject to the provisions of Section 9.5, upon the occurrence and during the continuance of an Event of Default, to institute proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such Lender. (b) If collections in respect of the Collateral are insufficient to make payments due in respect of the VFNs, no other assets will be available for payment of the deficiency following realization of the Collateral and application of the proceeds thereof in accordance with Sections 2.7 and 2.8, and the obligations of the Borrower to pay any deficiency shall thereupon be extinguished and shall not thereafter revive. Section 9.7
