Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, the Holder of any Debenture shall have the right, which is absolute and unconditional, to receive payment of the principal of and premium, if any, and (subject to Section 3.7) interest (including any Additional Payments) on such Debenture on the respective Stated Maturities expressed in such Debenture (or, in the case of redemption, on the Redemption Date) and to institute suit to compel the Company to make any such payment that is not made when due, and such right shall not be impaired without the consent of such Holder.
Appears in 2 contracts
Sources: Indenture (Westcoast Hospitality Corp), Indenture (Westcoast Hospitality Capital Trust)
Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, the Holder of any Debenture shall have the right, which is absolute and unconditional, to receive payment of the principal of and premium, if any, and (subject to Section 3.7307) interest (including any Additional Payments) on such Debenture on the respective Stated Maturities expressed in such Debenture (or, in the case of redemption, on the Redemption Date) and to institute suit to compel for the Company to make enforcement of any such payment that is not made when due, and such right rights shall not be impaired without the consent of such Holder.
Appears in 1 contract
Sources: Indenture (American Equity Investment Life Holding Co)
Unconditional Right of Holders to Receive Principal and Interest. Notwithstanding any other provision in this Indenture, the Holder of any Debenture Note shall have the right, which is absolute and unconditional, to receive payment of the principal of and premium, if any, and (subject to Section 3.7307) interest (including any Additional Payments) on such Debenture Note on the respective Stated Maturity or Maturities expressed therefor specified in such Debenture Note (or, in the case of redemption, on the Redemption DateDate or, in the case of repayment at the option of such Holder, on the date such repayment is due) and to institute suit to compel for the Company to make enforcement of any such payment that is not made when duepayment, and such right shall not be impaired without the consent of such Holder.
Appears in 1 contract
Sources: Indenture (Commercial Federal Corp)