Common use of Rights of Holders of Notes to Receive Payment Clause in Contracts

Rights of Holders of Notes to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to receive payment of principal and interest on the Note, on or after the respective due dates expressed in the Note (including in connection with an offer to purchase), or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder except to the extent that the institution or prosecution of such suit or the entry of judgment therein would, under applicable law, result in the surrender, impairment or waiver of the Lien of this Indenture and the Security Documents upon the Collateral.

Appears in 2 contracts

Samples: Indenture (Imperial Credit Industries Inc), Collateral Agency and Security Agreement (Imperial Credit Industries Inc)

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Rights of Holders of Notes to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to receive payment of principal and or Redemption Price of, or interest on on, the Note, on or after the respective due dates expressed in the Note (including in connection with an offer to purchase)therefor, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the written consent of such Holder the holders of at least 66 2/3% in aggregate principal amount of the then outstanding Notes, except to the extent that the institution or prosecution of such suit or the entry of judgment therein would, under applicable law, result in the surrender, impairment impairment, waiver or waiver loss of the Lien of this Indenture and the Security Documents upon the Collateral.

Appears in 1 contract

Samples: Indenture (Keystone Consolidated Industries Inc)

Rights of Holders of Notes to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to receive payment of principal principal, premium, if any, and interest on the Note, on or after the respective due dates expressed in the Note (including in connection with an offer to purchase), or to bring suit for the enforcement of any such payment on -42- 50 or after such respective dates, shall not be impaired or affected without the consent of such Holder except to the extent that the institution or prosecution of such suit or the entry of judgment therein would, under applicable law, result in the surrender, impairment or waiver of the Lien of this Indenture and the Security Documents upon the Collateral.

Appears in 1 contract

Samples: Indenture (Metal Management Inc)

Rights of Holders of Notes to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to receive payment of principal and interest on the Note, on or after the respective due dates expressed in the Note (including in connection with an offer to purchase)Note, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of the Holder, except that no Holder shall have the right to institute any such Holder except suit if and to the extent that the institution or prosecution of such suit thereof or the entry of judgment therein would, would under applicable law, law result in the surrender, impairment impairment, waiver or waiver loss of the Lien of this Indenture and Liens pursuant to the Security Collateral Documents upon the Collateralany property subject to such Liens.

Appears in 1 contract

Samples: Collateral Agreement (Mortgage & Realty Trust)

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Rights of Holders of Notes to Receive Payment. Notwithstanding any other provision of this IndentureIndenture (including Section 6.06) or any Collateral Document, the right of any Holder of a Note to receive payment of principal and of or interest on such Note or to bring suit for the Noteenforcement of any such payment, on or after the respective due dates expressed in the Note (including in connection with an offer to purchase), or to bring suit for the enforcement of any such payment on or after such respective dates, shall be absolute and unconditional and shall not be impaired or affected without the consent of such Holder Holder, except to the extent that the institution or prosecution of such suit thereof or the entry of judgment therein thereon would, under applicable law, result in the surrender, impairment impairment, waiver or waiver loss of the any Lien of this Indenture and the Security Documents a Collateral Document upon the Collateralany property subject to such Lien.

Appears in 1 contract

Samples: Indenture (APW Supermarkets, Inc.)

Rights of Holders of Notes to Receive Payment. Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to receive payment of principal principal, premium and Liquidated Damages, if any, and interest on the Note, on or after the respective due dates expressed in the Note (including in connection with an offer to purchase), or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected without the consent of such Holder except to the extent that the institution or prosecution of such suit or the entry of judgment therein would, under applicable law, result in the surrender, impairment or waiver of the Lien of this Indenture and the Security Documents upon the Collateral.

Appears in 1 contract

Samples: Security Agreement (Metal Management Inc)

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