Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert. Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment (subject to the provisions of Article Four) of the principal of (and premium, if any) and (subject to Section 3.07) interest on such Security on the Stated Maturity or Maturities expressed in such Security (or, in the case of redemption, on the Redemption Date), the right, which is also absolute and unconditional, to require the conversion of his Securities pursuant to Article Sixteen hereof if the terms of such Securities provide for convertibility pursuant to Section 3.01 and the right to institute suit for the enforcement of any such payment or of such right to convert, and such rights shall not be impaired without the consent of such Holder.
Appears in 2 contracts
Sources: Senior Subordinated Indenture (Century Communications Corp), Subordinated Indenture (Century Communications Corp)