Common use of No Further Action Clause in Contracts

No Further Action. No further action shall be required on the part of the Issuer or any other person: (a) Direct Rights: for the Accountholders to enjoy the Direct Rights; or (b) Benefit of the Conditions: for each Accountholder to have the benefit of the Conditions as if they had been incorporated mutatis mutandis into this Deed of Covenant, provided, however, that nothing herein shall entitle any Accountholder to receive any payment in respect of any Global Note which has already been made.

No Further Action. No further action shall be required on the part of the Issuer or any other person: (a) 2.2.1 Direct Rights: for the Accountholders to enjoy the Direct Rights; or (b) 2.2.2 Benefit of the Conditions: for each Accountholder to have the benefit of the Conditions as if they had been incorporated mutatis mutandis into this Deed of Covenant, provided, however, that nothing herein shall entitle any Accountholder to receive any payment in respect of any Global Note which has already been made.,

No Further Action. No further action shall be required on the part of the Issuer or any other person: (a) Direct Rights: for the Accountholders to enjoy the Direct Rights; or (b) Benefit of the Conditions: for each Accountholder to have the benefit of the Conditions as if they had been incorporated mutatis mutandis into this Deed of Covenant, provided, however, that nothing herein shall entitle any Accountholder to receive any payment in respect of any Global Note which has already been mademade in accordance with the terms of the Permanent Global Note.