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 (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)

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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 (and premium, if any) 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: Indenture (Ford Credit Floorplan LLC), Indenture (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 (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 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 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 (and premium, if any) 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: Indenture (CBRE Realty Finance 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 (and premium, if any) 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 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 1 contract

Samples: Master Indenture (United States Cellular Corp)

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 (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 NoteholderHolder.

Appears in 1 contract

Samples: Indenture (Dyncorp)

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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) 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: Master Indenture (Conseco Finance Credit Card Funding Corp)

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 (and premium, if any) 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: Indenture (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 (and premium, if any) 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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