Unconditional Right Sample Clauses
The Unconditional Right clause grants a party the absolute authority to take a specified action without needing to meet any prerequisites or obtain consent from the other party. For example, this might allow a party to terminate an agreement at any time, or to exercise an option regardless of circumstances. Its core practical function is to provide certainty and flexibility, ensuring that the holder of the right can act freely and decisively without being hindered by conditions or the need for approval.
POPULAR SAMPLE Copied 4 times
Unconditional Right of Holders to Receive Principal (and Premium, if any) and Interest, if any. ---------------------------------------------------- Notwithstanding any other provision in this Indenture, the Holder of any Debt Security shall have the right which is absolute and unconditional to receive payment of the principal of (and premium, if any) and (subject to Section 3.7) interest, if any, on such Debt Security on the respective Stated Maturities expressed in such Debt Security (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder.
Unconditional Right. Lessee may freely assign this Lease or sublet the Premises to a wholly-owned subsidiary corporation of its parent company, or a corporation of which Lessee controls the management, or to an affiliated corporation, or to a corporation with which the Lessee may become merged, or with which Lessee may become consolidated, or to an unrelated entity in connection with the sale or assignment by Lessee of other sites in the same geographic market, Lessee shall provide written notice of such assignment, provide documentation showing the assignment meets the requirements of this section and shall pay any and all fees, costs or expenses related to the assignment.
Unconditional Right. Lessee may freely assign this Lease or sublet the Premises to a wholly-owned subsidiary corporation of its parent company, or a corporation of which Lessee controls the management, or to an affiliated corporation, or to a corporation with which the Lessee may become merged, or with which Lessee may become consolidated. Lessee shall provide written notice of such assignment, provide documentation showing the assignment meets the requirements of this section and shall pay any and all fees, costs or expenses related to the assignment.
Unconditional Right of Holders to Receive Principal and Interest; Remedies on Default, etc.............................. 50 15. Definitions....................................................... 51 15.1.
Unconditional Right of Holders to Receive Principal, Premium, if any, and Interest; Direct Action by Holders of Preferred Securities. Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and any premium on such Security at its Maturity and payment of interest (including any Additional Interest) on such Security when 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 Holder. Any registered holder of the Preferred Securities shall have the right, upon the occurrence of an Event of Default described in Section 5.1(a) or Section 5.1(b), to institute a suit directly against the Company for enforcement of payment to such holder of principal of and any premium and interest (including any Additional Interest) on the Securities having a principal amount equal to the aggregate Liquidation Amount of the Preferred Securities held by such holder.
Unconditional Right of Holders to Receive Principal, Premium, if any, Interest and Additional Amounts. Notwithstanding any other provision in this Indenture, the Holder of any Security or coupon shall have the right which is absolute and unconditional to receive payment of the principal of (and premium, if any) and (subject to Sections 3.05 and 3.07) interest on, and any Additional Amounts in respect of, such Security or payment of such coupon on the respective due dates expressed in such Security or coupon (or, in the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.