Common use of Right of Certificateholders to Receive Payments Not to Be Impaired Clause in Contracts

Right of Certificateholders to Receive Payments Not to Be Impaired. Anything in this Agreement to the contrary notwithstanding but subject to each Trust Agreement, the right of any Certificateholder or any Liquidity Provider, respectively, to receive payments hereunder (including pursuant to Section 2.4, 3.2 or 3.3 hereof) when due, or to institute suit for the enforcement of any such payment on or after the applicable Distribution Date, shall not be impaired or affected without the consent of such Certificateholder or such Liquidity Provider, respectively.

Appears in 1 contract

Sources: Intercreditor Agreement (Midway Airlines Corp)

Right of Certificateholders to Receive Payments Not to Be Impaired. Anything in Subject to the provisions of this Agreement to the contrary notwithstanding but subject to and each Trust Agreement, the right of any Certificateholder or any Liquidity Provider or the Policy Provider, respectively, to receive payments hereunder (including including, without limitation, pursuant to Section 2.42.04, 3.2 3.02 or 3.3 hereof3.03) when due, or to institute suit for the enforcement of any such payment on or after the applicable Distribution Date, shall not be impaired or affected without the consent of such Certificateholder or Certificateholder, such Liquidity Provider or the Policy Provider, respectively.

Appears in 1 contract

Sources: Intercreditor Agreement (Delta Air Lines Inc /De/)