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 provision in this Indenture, each Noteholder shall have the right which is absolute and unconditional to receive payment of the principal of and interest in respect of such Note as such principal and interest becomes due 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 Noteholder.

Appears in 9 contracts

Samples: Master Indenture (Alliance Data Systems Corp), Master Indenture (Alliance Data Systems Corp), Master Indenture (Hrsi Funding Inc Ii)

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Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision provisions in this Indenture, Indenture each Noteholder Noteholders shall have the right right, which is absolute and unconditional unconditional, to receive payment of the principal of of, and interest in respect of interest, on such Note as on or after the respective due dates thereof expressed in such principal and interest becomes due and payable Note or in this Indenture and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such NoteholderHolder.

Appears in 6 contracts

Samples: Master Agreement (Home Equity Mortgage Trust 2006-2), Indenture (CSFB Acceptance Corp Home Equity Loan Back Notes Ser 2003-A), Home Equity Mortgage Trust 2007-1

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder Holder of a Note shall have the right which is absolute and unconditional to receive payment of the principal of and interest in respect of such Note as such principal and interest becomes due 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 Noteholder.

Appears in 4 contracts

Samples: Master Indenture (Compucredit Corp), Master Indenture (Nordstrom Credit Inc), Master Indenture (Associates Credit Card Receivables Corp)

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder shall have has the right which is absolute and unconditional right to receive payment of the principal of and interest in respect of such Note as such principal and interest becomes become due and payable and to institute suit for the enforcement of any such payment, and such right shall may not be impaired without the consent of such Noteholder.

Appears in 4 contracts

Samples: Indenture (Ford Credit Floorplan LLC), Ford Credit Floorplan Corp, Indenture (Ford Credit Floorplan LLC)

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this the Indenture, each Noteholder shall have the right which is absolute and unconditional to receive payment of the principal of and interest in respect of such Note as such principal and interest becomes due 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 Noteholder.

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 provision in this Indenture, each Noteholder shall have the right which is absolute and unconditional to receive payment of the principal (and premium, if any) of and interest in respect of such Note as such principal and interest becomes due 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 Noteholder.

Appears in 3 contracts

Samples: Master Indenture (Compucredit Corp), Master Indenture (Compucredit Corp), Master Indenture (Compucredit Corp)

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder shall have the right which is has an absolute and unconditional right to receive payment of the principal of and any interest on its Note on or after the respective due dates expressed in respect of such Note as such principal and interest becomes due and payable Note, in this Indenture or in the related Indenture Supplement, and to institute suit a Proceeding for the enforcement of any such payment, and such right shall payment in accordance with Section 5.8. Such rights may not be impaired or affected without the consent of such Noteholder.

Appears in 2 contracts

Samples: Ford Credit Floorplan LLC, Ford Credit Floorplan Corp

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Master Indenture, each Noteholder Holder of a Note shall have the right which is absolute and unconditional to receive payment of the principal of and interest in respect of such Note as such principal and interest becomes due 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 Noteholder.

Appears in 2 contracts

Samples: Master Indenture (Nordstrom Inc), Master Indenture (Nordstrom Inc)

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder shall have the right which is absolute and unconditional to receive payment of the principal of and interest in respect of such the Outstanding Note it owns as such principal and interest becomes due 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 Noteholder.

Appears in 1 contract

Samples: Indenture (Electronic Data Systems Corp /De/)

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this IndentureIndenture (other than Section 2.7(k)), each Noteholder the Holder of any Note shall have the right right, which is absolute and unconditional unconditional, to receive payment of the principal of and interest in respect of on such Note as such principal and interest becomes due and payable in accordance with the Priority of Payments, and subject to the provisions of Section 5.8, to institute suit Proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such NoteholderHolder.

Appears in 1 contract

Samples: Substitution; Hedge Agreement (CBRE Realty Finance Inc)

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Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder the Holder of any Note shall have the right which is absolute and unconditional to receive payment of the principal of and interest in respect of such Note as such principal and interest becomes due 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 NoteholderHolder.

Appears in 1 contract

Samples: Dyncorp

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder shall have the right which is absolute and unconditional to receive payment of the principal of and premium, if any, and interest in respect of such Note as such principal and interest becomes due 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 Noteholder.

Appears in 1 contract

Samples: Conseco Finance Credit Card Funding Corp

Unconditional Rights of Noteholders to Receive Principal and Interest. (a) Notwithstanding any other provision in this IndentureIndenture but subject to the terms of the Intercreditor Agreement, each Noteholder the Holder of any Class A Note shall have the right right, which is absolute and unconditional unconditional, to receive payment of the principal of and interest in respect of and other amounts owing on such Note as such principal principal, interest and interest becomes other amounts become due and payable and and, subject to the provisions of Section 5.6, to institute suit proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such NoteholderHolder.

Appears in 1 contract

Samples: Enron International Cpo Inc

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this IndentureIndenture (other than Section 2.6(i)), each Noteholder the Holder of any Note shall have the right right, which is absolute and unconditional unconditional, to receive payment of the principal of and interest in respect of on such Note as such principal and interest becomes become due and payable in accordance with Section 13.1 and the Priority of Payments and, subject to the provisions of Section 5.8, to institute suit proceedings for the enforcement of any such payment, and such right shall not be impaired without the consent of such NoteholderHolder.

Appears in 1 contract

Samples: Taberna Realty Finance Trust

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder shall have the right which is absolute and unconditional to receive payment of the principal (if any) of and interest in respect of such Note as such principal and interest becomes due 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 Noteholder.

Appears in 1 contract

Samples: Uscc Master Note (United States Cellular Corp)

Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder shall have the right which is absolute and unconditional to receive payment of the principal of and interest in respect of such Note as such principal and interest becomes due and payable and and, subject to the requirements set forth in Section 5.07, to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Noteholder.

Appears in 1 contract

Samples: Master Indenture (Advanta Business Recievables Corp)

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