Unconditional Rights of Noteholders to Receive Principal and Interest. The Holder of any Note 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, to receive payment of each installment of interest when due and payable on such Note on the respective Payment Dates of such installments of interest and to receive payment of each installment of principal of such Note when due (or in the case of any Note called for redemption, on the date fixed for such redemption) and to institute suit for the enforcement of any such payment, and except as otherwise set forth in this Indenture, such right shall not be impaired without the consent of such Holder.
Appears in 2 contracts
Samples: Mid State Trust Vi, Mid State Trust Vi
Unconditional Rights of Noteholders to Receive Principal and Interest. The Subject to the provisions of this Indenture, the Holder of any Note shall have the right, to the extent permitted by applicable law, which right is absolute and unconditional except to the extent restricted by applicable lawunconditional, to receive payment of each installment the principal of interest when due and payable interest, if any, on such Note on or after the respective Payment Dates of such installments of interest and to receive payment of each installment of principal of due dates thereof expressed in such Note when due or in this Indenture (or or, in the case of any Note called for redemption, on or after the date fixed Redemption Date), to the extent that funds are available for distribution to each such redemption) Holder on such due dates, and to the Controlling Party may institute suit for the enforcement of any such payment, and except as otherwise set forth in this Indenture, such right shall not be impaired without the consent of such Holder.
Appears in 2 contracts
Samples: Indenture (Long Beach Acceptance Corp), Long Beach Acceptance Corp
Unconditional Rights of Noteholders to Receive Principal and Interest. The Notwithstanding any other provision in this Indenture, the Holder of any Note 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, to receive payment of each installment of interest when due and payable on such Note on the respective Payment Dates of such installments of interest and to receive payment of each installment of principal of such Note when due Due (or in the case of any Note called for redemption, on the date fixed for such redemption) and to institute suit for the enforcement of any such payment, and except as otherwise set forth in this Indenture, such right shall not be impaired without the consent of such Holder.
Appears in 2 contracts
Samples: Mid State Trust Vi, Mid-State Homes Inc
Unconditional Rights of Noteholders to Receive Principal and Interest. The To the extent permitted by applicable law, the Holder of any Note 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, to receive payment of each installment instalment of interest when due and payable on such Note on the respective Payment Dates of such installments instalments of interest and to receive payment of each installment instalment of principal of such Note when due (or in the case of any Note called for redemption, on the date fixed for such redemption) and to institute suit for the enforcement of any such payment, and except as otherwise set forth in this Indenture, such right shall not be impaired without the consent of such Holder.
Appears in 2 contracts
Unconditional Rights of Noteholders to Receive Principal and Interest. The Notwithstanding any other provisions in this Indenture, the Holder of any Note shall have the right, to the extent permitted by applicable law, which right is absolute and unconditional except to the extent restricted by applicable lawunconditional, to receive payment of each installment the principal of interest when due and payable interest, if any, on such Note on or after the respective Payment Dates of such installments of interest and to receive payment of each installment of principal of due dates thereof expressed in such Note when due or in this Indenture or the Series Supplement (or or, in the case of any Note called for redemptionredemption or tender pursuant to the Series Supplement, on or after the date fixed for such redemptionrelated redemption or tender date) and to institute suit for the enforcement of any such payment, and except as otherwise set forth in this Indenture, such right shall not be impaired without the consent of such Holder.
Appears in 1 contract
Samples: Household Auto Receivables Corp
Unconditional Rights of Noteholders to Receive Principal and Interest. The To the extent permitted by applicable law, the Holder of any Note 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, to receive payment of each installment of interest when due and payable on such Note on the respective Payment Distribution Dates of such installments of interest and to receive payment of each installment of principal of such Note when due (or in the case of any Note called for redemption, on the date fixed for such redemption) and to institute suit for the enforcement of any such payment, and except as otherwise set forth in this Indenture, such right shall not be impaired without the consent of such Holder.
Appears in 1 contract
Samples: Nations Asset Securities Inc
Unconditional Rights of Noteholders to Receive Principal and Interest. The Notwithstanding any other provisions in this Indenture, the Holder of any Note shall have the right, to the extent permitted by applicable law, which right is absolute and unconditional except to the extent restricted by applicable lawunconditional, to receive payment of each installment of interest when due and payable on such Note on the respective Payment Dates of such installments of interest and to receive payment of each installment of principal of such Note when due (or receive, in the case of any Note called for redemptiona Class A Note, payment of the principal of and interest on such Class A Note, and in the case of a Class I Note, payment of interest on such Class I Note, on or after the date fixed for respective due dates thereof expressed in such redemptionNote or in this Indenture (or, in the case of redemption of the Class A Notes, on or after the Redemption Date) and to institute suit for the enforcement of any such payment, and except as otherwise set forth in this Indenture, such right shall not be impaired without the consent of such Holder.
Appears in 1 contract
Unconditional Rights of Noteholders to Receive Principal and Interest. The Notwithstanding any other provisions in this Indenture, the Holder of any Note shall have the right, to the extent permitted by applicable law, which right is absolute and unconditional except to the extent restricted by applicable lawunconditional, to receive payment of each installment the principal of interest when due and payable interest, if any, on such Note on or after the respective Payment Dates of such installments of interest and to receive payment of each installment of principal of due dates thereof expressed in such Note when due or in this Indenture or the Series Supplement (or or, in the case of any Note called for redemptionredemption or tender pursuant to the Series Supplement, on or after the date fixed for such redemptionrelated 30 redemption or tender date) and to institute a suit for the enforcement of any such payment, and except as otherwise set forth in this Indenture, such right shall not be impaired without the consent of such Holder.
Appears in 1 contract
Samples: Household Auto Receivables Corp