Common use of UNCONDITIONAL RIGHT OF NOTEHOLDERS TO RECEIVE PAYMENT Clause in Contracts

UNCONDITIONAL RIGHT OF NOTEHOLDERS TO RECEIVE PAYMENT. Notwithstanding any other provision in this Indenture, other than the provisions hereof establishing priorities of payment or limiting the right to recover amounts due on the Notes to recoveries from the Trust Property, the holder of any Note shall have the absolute and unconditional right to receive payment of the principal of and interest on such Note as such principal and interest becomes due on the Payment Dates for such payments, including the Stated Maturity Date for the applicable Class, and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Noteholder.

Appears in 4 contracts

Samples: Contribution and Servicing Agreement (Dvi Receivables Corp Viii), Indenture (Dvi Receivables Corp Viii), Indenture (Dvi Receivables Corp Viii)

AutoNDA by SimpleDocs

UNCONDITIONAL RIGHT OF NOTEHOLDERS TO RECEIVE PAYMENT. Notwithstanding any other provision in this Amended and Restated Indenture, other than the provisions hereof establishing priorities of payment or limiting the right to recover amounts due on the Notes to recoveries from the Trust Property, the holder of any Note shall have the absolute and unconditional right to receive payment of the principal of and interest on such Note as such principal and interest becomes due on the Payment Dates for such payments, including the Stated Maturity Date for the applicable Class, and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Noteholder.

Appears in 4 contracts

Samples: Indenture (Dvi Receivables Corp Viii), Indenture (Dvi Receivables Corp Viii), Indenture (Dvi Receivables Corp Viii)

UNCONDITIONAL RIGHT OF NOTEHOLDERS TO RECEIVE PAYMENT. Notwithstanding any other provision in this Indenture, other than the provisions hereof establishing priorities of payment or limiting the right to recover amounts due on the Class A and Class B Notes to recoveries from the property of the Trust Property, the holder of any Note shall have the absolute and unconditional right to receive payment of the principal of and interest on such Note as such principal and interest becomes due on the Monthly Payment Dates for such payments, including the Stated Maturity Date for Scheduled Final Payment Date, and, subject to the applicable Classterms of Section 6.07, and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Noteholder.

Appears in 1 contract

Samples: Indenture (Fidelity Leasing Inc)

UNCONDITIONAL RIGHT OF NOTEHOLDERS TO RECEIVE PAYMENT. Notwithstanding any other provision in this Indenture, other than the provisions hereof establishing priorities of payment or limiting the right to recover amounts due on the Notes to recoveries from the Trust Propertypayment, the holder Holder of any Note shall have the absolute and unconditional right to receive payment of the principal of and interest on such Note as such principal and interest becomes due on the Payment Dates for such payments, including the Stated Maturity Date for the applicable ClassDate, and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Noteholder.

Appears in 1 contract

Samples: KMC Telecom Holdings Inc

AutoNDA by SimpleDocs

UNCONDITIONAL RIGHT OF NOTEHOLDERS TO RECEIVE PAYMENT. Notwithstanding any other provision in this Indenture, other than the provisions hereof establishing priorities of payment or limiting the right to recover amounts due on the Notes to recoveries from the property of the Trust Property, the holder of any Note shall have the absolute and unconditional right to receive payment of the principal of and interest on such Note as such principal and interest becomes due on the Monthly Payment Dates for such payments, including the Stated Maturity Date for Scheduled Final Payment Date, and, subject to the applicable Classterms of Section 6.07, and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Noteholder.

Appears in 1 contract

Samples: Indenture (Fidelity Leasing Inc)

UNCONDITIONAL RIGHT OF NOTEHOLDERS TO RECEIVE PAYMENT. Notwithstanding any other provision in this Indenture, other than the provisions hereof establishing priorities of payment or limiting the right to recover amounts due on the Notes to recoveries from the property of the Trust PropertyEstate, the holder of any Note shall have the absolute and unconditional right to receive payment of the principal of and interest on such Note as such principal and interest becomes due on the Payment Dates for such payments, including the Stated Maturity Date for the applicable ClassDate, and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Noteholder.

Appears in 1 contract

Samples: Indenture (Acc Consumer Finance Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.