Common use of UNCONDITIONAL RIGHTS OF BONDHOLDERS TO RECEIVE PRINCIPAL AND INTEREST Clause in Contracts

UNCONDITIONAL RIGHTS OF BONDHOLDERS TO RECEIVE PRINCIPAL AND INTEREST. Notwithstanding any other provision in this Indenture, other than the provisions hereof limiting the right to recover amounts due on the Bonds to recoveries from the property of the Trust Estate, the Holder of any Bond shall have the right, to the extent permitted by applicable law, which right is absolute and unconditional except to the extent restricted by applicable law, (i) to receive payments of interest on such Bond on each Interest Payment Date, (ii) to receive payments of principal on such Bond at Stated Maturity (or, in the case of any Bond called for redemption, on or after the date fixed for such redemption) and (iii) to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder; provided, however, no Holder of a Bond shall have any right to institute any such suit, if and to the extent that the institution or prosecution thereof or the entry of a judgment therein would, under applicable law, result in the surrender, impairment, waiver or lien of this Indenture upon the Trust Estate.

UNCONDITIONAL RIGHTS OF BONDHOLDERS TO RECEIVE PRINCIPAL AND INTEREST. Notwithstanding any other provision in this Indenture, other than the provisions hereof limiting the right to recover amounts due on the Bonds to recoveries from the property of the Trust EstateEstate and from the Bond Insurance Policy and Surety Bond, the Holder of any Bond shall have the right, to the extent permitted by applicable law, which right is absolute and unconditional except to the extent restricted by applicable law, (i) to receive payments of interest on such Bond on each Interest Payment Date, (ii) to receive payments of principal on such Bond at Stated Maturity (or, in the case of any Bond called for redemption, on or after the date fixed for such redemption) and (iii) to institute suit for the enforcement of any such payment, and such right shall not be impaired without the consent of such Holder; provided, however, no Holder of a Bond shall have any right to institute any such suit, if and to the extent that the institution or prosecution thereof or the entry of a judgment therein would, under applicable law, result in the surrender, impairment, waiver or lien of this Indenture upon the Trust Estate.