Benefit of Deed of Covenant Sample Clauses
The 'Benefit of Deed of Covenant' clause defines who is entitled to enforce or receive the advantages provided by a deed of covenant. Typically, this clause specifies that only certain parties—such as the original parties to the deed, their successors, or permitted assigns—can benefit from the covenants contained within the document. For example, in property transactions, it may clarify whether future owners or tenants can rely on the covenants made by previous parties. The core function of this clause is to ensure clarity regarding the rights and obligations under the deed, preventing unintended third parties from claiming benefits and thereby reducing potential disputes.
Benefit of Deed of Covenant. Any Notes issued by Mediobanca under the Programme on or after the date of this Deed of Covenant shall have the benefit of this Deed of Covenant but shall not have the benefit of any subsequent deed of covenant relating to the Programme (unless expressly so provided in any such subsequent deed).
Benefit of Deed of Covenant. 7.1 This Deed of Covenant shall take effect as a deed poll for the benefit of the Accountholders from time to time.
7.2 This Deed of Covenant shall enure to the benefit of each Accountholder and its (and any subsequent) successors and assigns, each of which shall be entitled severally to enforce this Deed of Covenant against the Issuer.
7.3 The Issuer shall not be entitled to assign or transfer all or any of its rights, benefits and obligations hereunder. Each Accountholder shall be entitled to assign all or any of its rights and benefits hereunder.
Benefit of Deed of Covenant. 7.1 This Deed of Covenant shall take effect as a deed poll for the benefit of the Accountholders from time to time.
7.2 This Deed of Covenant shall enure to the benefit of each Accountholder and its (and any subsequent) successors and assigns, each of which shall be entitled severally to enforce this Deed of Covenant against the Issuers.
7.3 Neither Issuer shall be entitled to assign or transfer all or any of its rights, benefits and obligations hereunder. Each Accountholder shall be entitled to assign all or any of its rights and benefits hereunder.
7.4 No rights are conferred on any person under the Contracts (Rights of Third Parties) Act 1999 to enforce any term of this Deed, but this does not affect any right or remedy of any person which exists or is available apart from that Act.
Benefit of Deed of Covenant. 7.1 This Deed of Covenant shall take effect as a deed poll for the benefit of the Accountholders from time to time.
7.2 This Deed of Covenant shall enure to the benefit of each Accountholder and its (and any subsequent) successors and assigns, each of which shall be entitled severally to enforce this Deed of Covenant against the Issuers.
7.3 Neither Issuer shall be entitled to assign or transfer all or any of its rights, benefits and obligations hereunder. Each Accountholder shall be entitled to assign all or any of its rights and benefits hereunder.
7.4 No rights are conferred on any person under the Contracts (Rights of Third Parties) ▇▇▇ ▇▇▇▇ to enforce any term of this Deed, but this does not affect any right or remedy of any person which exists or is available apart from that Act.
7.5 It is explicitly stated and agreed that the place of performance of the obligations of either of the Issuers under this Deed of Covenant shall be London, England.
Benefit of Deed of Covenant. 7.1 Deed Poll This Deed of Covenant shall take effect as a deed poll for the benefit of the Accountholders from time to time.
Benefit of Deed of Covenant. Any English Law Notes in Global Form issued by Mediobanca under the Programme on or after the date of this Deed of Covenant shall have the benefit of this Deed of Covenant but shall not have the benefit of any subsequent deed of covenant relating to the Programme (unless expressly so provided in any such subsequent deed).
Benefit of Deed of Covenant