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 Indenture but subject to the provisions of Section 6.6, the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal of, and interest on, such Note when due (including, in the case of redemption, the Redemption Price on the applicable Redemption Date, and in the case of the Repurchase Price, on the applicable Repurchase 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.

Appears in 4 contracts

Samples: Indenture (Neenah Foundry Co), Indenture (Neenah Foundry Co), Indenture (Cast Alloys Inc)

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Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision of in this Indenture but subject to the provisions of Section 6.6Indenture, the Holder of any a Note shall have the rightright based on the rights stated herein, which is absolute and unconditional, to receive payment of the principal ofof and accrued but unpaid interest, and interest onincluding any accrued but unpaid Additional Interest, on such Note when due on the Maturity Date (includingor, in the case of redemptionRepurchase or Redemption, the Redemption Price on the applicable Purchase Date, Repurchase Date, or Redemption Date, and in the case of the Repurchase Price, on the applicable Repurchase Dateas applicable) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: First Supplemental Indenture (Sonic Automotive Inc)

Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision of in this Indenture but subject to the provisions of Section 6.6Indenture, the Holder of any Note shall have the right, right which is absolute and unconditional, unconditional to receive payment of the principal of, and (subject to Section 309) interest on, such Note when due on the Stated Maturity expressed in such Note (includingor, in the case of redemption, principal of, Redemption Premium, if any, and (subject to Section 309) interest on such Note on the Redemption Price on the applicable Redemption Date, and in the case of the Repurchase Price, on the applicable Repurchase DateDate fixed for such Note) and to institute suit for the enforcement of any such payment, and such rights right shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Indenture (Bankunited Financial Corp)

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Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision of in this Indenture but subject to the provisions of Section 6.6Indenture, the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal of, of and (subject to Section 307) interest on, on such Note when due on the respective Stated Maturity or Maturities therefor specified in such Note (includingor, in the case of redemption, on the Redemption Price on the applicable Redemption DateDate or, and in the case of repayment at the Repurchase Priceoption of such Holder, on the applicable Repurchase Datedate such repayment is due) and to institute suit for the enforcement of any such payment, and such rights right shall not be impaired without the consent of such Holder.

Appears in 1 contract

Samples: Commercial Federal Corp

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