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

Unconditional Right of Noteholders to Receive Principal and Interest. Notwithstanding any other provision of this Indenture, each Noteholder shall have the right, which is absolute and unconditional, to receive payment of the interest and principal, if any, due on such Noteholder's Notes on or after the due date expressed in such Notes or in this Indenture and to institute suit for the enforcement of any such payment. Such right shall not be impaired without the consent of the related Noteholder.

Appears in 9 contracts

Samples: Irwin Whole Loan Home Equity Trust 2005-A, Indenture (Bear Stearns Asset Backed Securities Inc), Indenture (Irwin Whole Loan Home Equity Trust 2004 A)

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Unconditional Right of Noteholders to Receive Principal and Interest. Notwithstanding any other provision of in this Indenture, each Noteholder the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal and interest and principal, if any, due on such Noteholder's Notes on or after the Note as such principal and interest becomes due date expressed in such Notes or in this Indenture and payable and to institute suit any Proceeding for the enforcement of any such payment. Such , and such right shall not be impaired without the consent of the related Noteholdersuch Holder.

Appears in 3 contracts

Samples: Indenture (Microfinancial Inc), Indenture (Microfinancial Inc), Indenture (Microfinancial Inc)

Unconditional Right of Noteholders to Receive Principal and Interest. Notwithstanding any other provision of in this Indenture, each Noteholder the Noteholders shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest and principal, if any, due on such Noteholder's Notes on or after Note as such principal and interest becomes due and payable in accordance with the due date expressed in such Notes or in terms of this Indenture and (including, without limitation, the limitation on such payments to the extent of Available Funds on each Payment Date) and, with the consent of the Majority Holders, to institute suit for the enforcement of any such payment. Such , and such right shall not be impaired without the consent of the related such Noteholder.

Appears in 2 contracts

Samples: Note Purchase Agreement (HPSC Inc), HPSC Inc

Unconditional Right of Noteholders to Receive Principal and Interest. Notwithstanding any other provision of in this Indenture, each Noteholder the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest and principal, if any, due on such Noteholder's Notes on or after the Note as such principal and interest becomes due date expressed in such Notes or in this Indenture and payable and to institute suit for the enforcement of any such payment. Such , and such right shall not be impaired without the consent of the related Noteholdersuch Holder.

Appears in 1 contract

Samples: Sunterra Corp

Unconditional Right of Noteholders to Receive Principal and Interest. Notwithstanding any other provision of provisions in this Indenture, each Noteholder the Noteholders shall have the right, which is absolute and unconditional, unconditional to receive payment of the principal and interest and principal, if any, due on such Noteholder's Notes Note on or after the respective due date dates expressed in such Notes or Note (or, in this Indenture the case of repayment, on the Maturity Date), except as provided in Section 2.08 and Article 12, and to institute suit for the enforcement of any such payment. Such , and such right shall not be impaired or affected without the consent of the related such Noteholder.

Appears in 1 contract

Samples: sec.report

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Unconditional Right of Noteholders to Receive Principal and Interest. Notwithstanding any other provision of this in the Indenture, each Noteholder the Holder of any Note shall have the right, which is absolute and unconditional, to receive payment of the interest principal, interest, and principalpremium, if any, due on such Noteholder's Notes on or after the Note as such principal, interest, and premium, if any, becomes due date expressed in such Notes or in this Indenture and payable and to institute suit any Proceeding for the enforcement of any such payment. Such , and such right shall not be impaired without the consent of the related Noteholdersuch Holder.

Appears in 1 contract

Samples: Microfinancial Inc

Unconditional Right of Noteholders to Receive Principal and Interest. Notwithstanding any other provision of in this Indenture, each Noteholder the Holder of any Note shall have the right, right which is absolute and unconditional, unconditional to receive payment of the principal of and all (subject to Section 2.10) interest and principal, if any, due on such Noteholder's Notes Note on or after the due date respective Stated Maturities expressed in such Notes or Note (or, in this Indenture the case of redemption, on the Redemption Date) and to institute suit for the enforcement of any such payment. Such , and such right shall not be impaired without the consent of the related Noteholdersuch Holder.

Appears in 1 contract

Samples: Indenture (Transtel S A)

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