Common use of Direct Rights Clause in Contracts

Direct Rights. 2.1 Each Relevant Account Holder shall at the Relevant Time acquire against the Issuer all rights which the Relevant Account Holder in question would have had if, immediately before the Relevant Time, it had been the registered holder of a Note Certificate issued on the issue date of this Global Note in an aggregate principal amount equal to the Principal Amount of the relevant Entry including, without limitation, the right to receive all payments due at any time in respect of such Note Certificate, other than payments corresponding to any already made under this Global Note. No further action shall be required on the part of any person in order for such Direct Rights to be acquired and for each Relevant Account Holder to have the benefit of, and to enforce, rights corresponding to all the provisions of relevant Note Certificates as if they had been issued and as if such provisions had been specifically incorporated in this Annex, other than the right to receive payments corresponding to any already made under this Global Note.

Direct Rights. 2.1 Each Relevant Account Holder shall at the Relevant Time acquire against the Issuer Republic all rights which the Relevant Account Holder in question would have had if, immediately before the Relevant Time, it had been the registered holder of a the Note Certificate Certificates issued on the issue date of this Global Note in an aggregate principal amount equal to the Principal Amount of the relevant Entry including, without limitation, the right to receive all payments due at any time in respect of such Note CertificateCertificates, other than payments corresponding to any already made under this Global Note. No further action shall be required on the part of any person in order for such Direct Rights to be acquired and for each Relevant Account Holder to have the benefit of, and to enforce, rights corresponding to all the provisions of the relevant Note Certificates as if they had been issued and as if such provisions had been specifically incorporated in this AnnexSchedule, other than the right to receive payments corresponding to any already made under this Global Note.

Direct Rights. 2.1 Each Relevant Account Holder shall at the Relevant Time acquire against the Issuer all rights which the Relevant Account Holder in question would have had if, immediately before the Relevant Time, it had been the registered holder of a Note Certificate the Certificates issued on the issue date of this Global Note Certificate in an aggregate principal amount equal to the Principal Amount of the relevant Entry including, without limitation, the right to receive all payments due at any time in respect of such Note CertificateCertificates, other than payments corresponding to any already made under this Global NoteCertificate. No further action shall be required on the part of any person in order for such Direct Rights to be acquired and for each Relevant Account Holder to have the benefit of, and to enforce, rights corresponding to all the provisions of relevant Note Certificates as if they had been issued and as if such provisions had been specifically incorporated in this AnnexSchedule, other than the right to receive payments corresponding to any already made under this Global NoteCertificate.

Direct Rights. 2.1 Each Relevant Account Holder shall at the Relevant Time acquire against the Issuer Macedonia all rights which the Relevant Account Holder in question would have had if, immediately before the Relevant Time, it had been the registered holder of a Note Certificate the Definitive Notes issued on the issue date of this Global Note in an aggregate principal amount equal to the Principal Amount of the relevant Entry including, without limitation, the right to receive all payments due at any time in respect of such Note CertificateDefinitive Notes, other than payments corresponding to any already made under this Global Note. No further action shall be required on the part of any person in order for such Direct Rights to be acquired and for each Relevant Account Holder to have the benefit of, and to enforce, rights corresponding to all the provisions of the relevant Note Certificates Definitive Notes as if they had been issued and as if such provisions had been specifically incorporated in this AnnexSchedule, other than the right to receive payments corresponding to any already made under this Global Note.