Common use of Benefit of Deed of Covenant Clause in Contracts

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 IssuerIssuers. 7.3 The Neither 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 ensure 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.