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

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provisions in 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, if any, on such Note on or after the respective due date thereof expressed in such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) to the extent funds are available therefor out of the Trust Estate and 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 12 contracts

Samples: Indenture (Household Mortgage Loan Trust 2003-Hc1), Indenture (HFC Revolving Corp), Indenture (Compass Asset Acceptance Co)

AutoNDA by SimpleDocs

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provisions in this Indenture, but subject to Section 3.27, the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal of of, and interest, if any, on such Note on or after the respective due date dates thereof expressed in such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) to the extent funds are available therefor out of the Trust Estate and 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 12 contracts

Samples: Indenture (Credit Suisse First Boston Mortgage Securities Corp), Indenture (Deutsche Mortgage Securities Inc), Indenture (Deutsche Alt-a Securities Inc)

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provisions provision in this the Indenture, the Holder of any Note each Noteholder shall have the right, right which is absolute and unconditional, unconditional to receive payment of the principal of and interest, if any, on interest in respect of such Note on or after the respective as such principal and interest becomes due date thereof expressed in such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) to the extent funds are available therefor out of the Trust Estate and payable and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such HolderNoteholder.

Appears in 4 contracts

Samples: Master Indenture (First National Funding LLC), Master Indenture (First National Funding LLC), Master Indenture (First National Master Note Trust)

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provisions in 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, if any, on such Note on or after the respective due date dates thereof expressed in such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) to the extent funds are available therefor out of the Trust Estate and 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: Indenture (Capitalsource Inc), Indenture (Capitalsource Inc), Indenture (Capitalsource Inc)

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provisions in this Indenture, the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal of and and, if applicable, interest, if any, on such Note on or after the respective due date dates thereof expressed in such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) to the extent funds are available therefor out of the Trust Estate and 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 1 contract

Samples: Indenture (First Investors Financial Services Group Inc)

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provisions in this IndentureAgreement, the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest, if any, on such Note on or after the respective due date dates thereof expressed in such Note or in this Indenture (orAgreement and, in the case of redemptionsubject to SECTION 11.18, on or after the Redemption Date) to the extent funds are available therefor out of the Trust Estate and 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 1 contract

Samples: Security Agreement (First Investors Financial Services Group Inc)

AutoNDA by SimpleDocs

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provisions in this the Indenture, the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest, if any, interest on such Note on or after the respective due date dates thereof expressed in such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) to the extent funds are available therefor out of the Trust Estate and 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 1 contract

Samples: Indenture (Dealer Auto Receivables Corp)

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provisions in 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, if any, on such Note on or after the respective due date Final Scheduled Payment Date thereof expressed in such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) to the extent funds are available therefor out of the Trust Estate and 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 1 contract

Samples: Indenture (Firstplus Financial Group Inc)

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provisions in this Indenture, the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal of of, and interest, if any, on such Note on or after the respective due date dates thereof expressed in such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) to the extent funds are available therefor out of the Trust Estate and 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 1 contract

Samples: Indenture (GE-WMC Mortgage Securities, L.L.C.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!