Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder has an absolute and unconditional right to receive payment of the principal of and any interest on its Note on or after the respective due dates expressed in the Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) in accordance with the provisions of this Indenture and of the other 2014-B Basic Documents and to institute a Proceeding for the enforcement of any such payment in accordance with Section 5.8. Those rights may not be impaired or affected without the consent of the Noteholder.
Appears in 2 contracts
Sources: Indenture (Ford Credit Auto Lease Trust 2014-B), Indenture (Ford Credit Auto Lease Trust 2014-B)
Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder has an absolute and unconditional right to receive payment of the principal of and any interest on its Note on or after the respective due dates expressed in the such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) in accordance with the provisions of this Indenture and of the other 20142012-B Basic Documents and to institute a Proceeding for the enforcement of any such payment in accordance with Section 5.8. Those Such rights may not be impaired or affected without the consent of the such Noteholder.
Appears in 2 contracts
Sources: Indenture (Ford Credit Auto Lease Trust 2012-B), Indenture (Ford Credit Auto Lease Trust 2012-B)
Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder has an absolute and unconditional right to receive payment of the principal of and any interest on its Note on or after the respective due dates expressed in the such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) in accordance with the provisions of this Indenture and of the other 20142011-B Basic Documents and to institute a Proceeding for the enforcement of any such payment in accordance with Section 5.8. Those Such rights may not be impaired or affected without the consent of the such Noteholder.
Appears in 2 contracts
Sources: Indenture (Ford Credit Auto Lease Trust 2011-B), Indenture (Ford Credit Auto Lease Trust 2011-B)
Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder has an absolute and unconditional right to receive payment of the principal of and any interest on its Note on or after the respective due dates expressed in the Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) in accordance with the provisions of this Indenture and of the other 20142015-B Basic Documents and to institute a Proceeding for the enforcement of any such payment in accordance with Section 5.8. Those rights may not be impaired or affected without the consent of the Noteholder.
Appears in 2 contracts
Sources: Indenture (Ford Credit Auto Lease Trust 2015-B), Indenture (Ford Credit Auto Lease Trust 2015-B)
Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder has an absolute and unconditional right to receive payment of the principal of and any interest on its Note on or after the respective due dates expressed in the such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) in accordance with the provisions of this Indenture and of the other 2014-B A Basic Documents and to institute a Proceeding for the enforcement of any such payment in accordance with Section 5.8. Those Such rights may not be impaired or affected without the consent of the such Noteholder.
Appears in 2 contracts
Sources: Indenture (Ford Credit Auto Lease Trust 2014-A), Indenture (Ford Credit Auto Lease Trust 2014-A)
Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder has an absolute and unconditional right to receive payment of the principal of and any interest on its Note on or after the respective due dates expressed in the Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) in accordance with the provisions of this Indenture and of the other 2014-B 20__-_ Basic Documents and to institute a Proceeding for the enforcement of any such payment in accordance with Section 5.8. Those rights may not be impaired or affected without the consent of the Noteholder.
Appears in 1 contract
Sources: Indenture (CAB West LLC)
Unconditional Rights of Noteholders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, each Noteholder has an absolute and unconditional right to receive payment of the principal of and any interest on its Note on or after the respective due dates expressed in the such Note or in this Indenture (or, in the case of redemption, on or after the Redemption Date) in accordance with the provisions of this Indenture and of the other 2014-B 20_-_ Basic Documents and to institute a Proceeding for the enforcement of any such payment in accordance with Section 5.8payment. Those Such rights may not be impaired or affected without the consent of the such Noteholder.
Appears in 1 contract
Sources: Indenture (CAB West LLC)