Common use of UNCONDITIONAL RIGHTS OF TRANSITION BONDHOLDERS TO RECEIVE PRINCIPAL AND INTEREST Clause in Contracts

UNCONDITIONAL RIGHTS OF TRANSITION BONDHOLDERS TO RECEIVE PRINCIPAL AND INTEREST. Notwithstanding any other provisions in this Indenture, the Holder of any Transition Bond shall have the right, which is absolute and unconditional, and shall not be impaired without the consent of each such Holder, (a) to receive payment of (i) the interest, if any, on such Transition Bond on or after the due dates thereof expressed in such Transition Bond or in this Indenture, (ii) the unpaid principal, if any, of such Transition Bonds on or after the Final Maturity Date therefor or (iii) in the case of redemption, receive payment of the unpaid principal, if any, and interest, if any, on such Transition Bond on or after the 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: Indenture (Atlantic City Electric Transition Funding LLC), Pse&g Transition Funding LLC, Pse&g Transition Funding LLC

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UNCONDITIONAL RIGHTS OF TRANSITION BONDHOLDERS TO RECEIVE PRINCIPAL AND INTEREST. Notwithstanding any other provisions in this Indenture, the Holder of any Transition Bond shall have the right, which is absolute and unconditional, and shall not be impaired without the consent of each such Holder, (a) to receive payment of (i) the interest, if any, on such Transition Bond on or after the due dates thereof expressed in such Transition Bond or in this Indenture, (ii) the unpaid principalPrincipal, if any, of such Transition Bonds on or after the Final Maturity Date therefor or (iii) in the case of redemption, receive payment of the unpaid principalPrincipal, if any, and interest, if any, on such Transition Bond on or after the 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: Indenture (JCP&L Transition Funding II LLC), JCP&L Transition Funding II LLC

UNCONDITIONAL RIGHTS OF TRANSITION BONDHOLDERS TO RECEIVE PRINCIPAL AND INTEREST. Notwithstanding any other provisions in this Indenture, the Holder of any Transition Bond shall have the right, which is absolute and unconditional, and shall not be impaired without the consent of each such Holder, (a) to receive payment of (i) the interest, if any, on such Transition Bond on or after the due dates thereof expressed in such Transition Bond or in this IndentureIndenture or any supplement thereto, (ii) the unpaid principal, if any, of such Transition Bonds on or after the Final Maturity Date therefor or (iii) in the case of redemption, receive payment of the unpaid principal, if any, and interest, if any, on such Transition Bond on or after the 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 1 contract

Samples: Indenture (Jcp&l Transition Funding LLC)

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UNCONDITIONAL RIGHTS OF TRANSITION BONDHOLDERS TO RECEIVE PRINCIPAL AND INTEREST. Notwithstanding any other provisions in this Indenture, the Holder of any Transition Bond shall have the right, which is absolute and unconditional, unconditional and which shall not be impaired without the consent of each such Holder, : (a) to receive payment of (i) the interest, if any, on such Transition Bond on or after the due dates thereof expressed in such Transition Bond or in this Indenture, (ii) the unpaid principal, if any, of such Transition Bonds on or after the Final Maturity Date therefor or and (iii) in the case of redemption, receive payment of the unpaid principal, if any, and interest, if any, on such Transition Bond on or after the Redemption Date therefor 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 1 contract

Samples: Sale Agreement, Servicing Agreement (Atlantic City Electric Transition Funding LLC)

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