Unconditional Right of Holders to Receive Principal, Premium and Interest and to Convert. Notwithstanding any other provision in this Indenture, the Holder of any 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 3.7) interest on such Note on the respective Stated Maturities expressed in such Note (or, in the case of redemption, on the Redemption Date), to have such Note repurchased in accordance with Article 14 and to convert such Note in accordance with Article 13 and to institute suit for the enforcement of any such payment, right to require repurchase and right to convert, and such rights shall not be impaired without the consent of such Holder.
Appears in 2 contracts
Sources: Indenture (Prime Hospitality Corp), Indenture (Buffets Inc)