Common use of Unconditional Right of Holders to Receive Principal and Interest Clause in Contracts

Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision of this Loan Agreement, each Noteholder shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Note as such principal and interest becomes due and payable and to institute any Proceeding for the enforcement of such payment, and such rights shall not be impaired without the consent of such Holder.

Appears in 4 contracts

Samples: Management Agreement (Cronos Group), Loan Agreement (Cronos Group), Loan Agreement (Cronos Group)

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Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision of this Loan AgreementIndenture, each Noteholder shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Note as such principal and interest becomes become due and payable in accordance with the provisions of this Indenture and the related Supplement and to institute any Proceeding for the enforcement of such payment, and such rights shall not be impaired without the consent of such Holder.

Appears in 2 contracts

Samples: Indenture (Seacastle Inc.), Director Services Agreement (SeaCube Container Leasing Ltd.)

Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision of this Master Loan Agreement, each Noteholder shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Note as such principal and interest becomes due and payable and to institute any Proceeding for the enforcement of such payment, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Master Loan Agreement (Cronos Group)

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Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision of this Loan AgreementIndenture, each Noteholder shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest on such Note as such principal and interest becomes become due and payable in accordance with the provisions of this Indenture and the related Supplement and, subject to the requirements hereof, to institute any Proceeding for the enforcement of such payment, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Qualified Institutional Buyers (SeaCube Container Leasing Ltd.)

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