No Further Interests Clause Samples
The "No Further Interests" clause establishes that, after a specified event or transaction, no additional rights, claims, or interests will be recognized by the parties involved. In practice, this means that once a sale, transfer, or settlement is completed, neither party can assert any further ownership or financial interest in the subject matter, such as property or assets. This clause serves to provide finality and certainty, preventing future disputes or claims related to the matter that has been conclusively resolved.
No Further Interests. Neither Assignor nor any of his affiliates has any interest, direct or indirect, in any shares of capital stock or other equity in the Company or has any other direct or indirect interest in any tangible or intangible property which the Company uses or has used in its business, or has any direct or indirect outstanding indebtedness to or from the Company, or related, directly or indirectly, to its assets, other than the Shares.
No Further Interests. The Trustee must not create any further interests in the Funds after the date that is the eightieth anniversary of the date of this Deed.".
(p) Clause 3.1 - Beneficial Interest in the Origination Funds For the purpose of clause 3.1(a) of the Master Trust Deed:
(1) the words "Net Income" as it appears twice in the first line of the paragraph are deleted, and the words "Net Income" in the first line of the paragraph are deleted and replaced with the words "Operating Income"; and
(2) the words "Net Income Account" in the third line of the paragraph are deleted and replaced with the words "Operating Income Account".
(q) Clause 5 - Notes For the purpose of the Fund, clause 5 in the Master Trust Deed is deleted and the following clause 5 is inserted as follows:
No Further Interests. Neither Seller nor any of his affiliates has any interest, direct or indirect, in any shares of capital stock or other equity in the Company or has any other direct or indirect interest in any tangible or intangible property which the Company uses or has used in its business, or has any direct or indirect outstanding indebtedness to or from the Company, or related, directly or indirectly, to its assets, other than the Shares.
No Further Interests. Other than the Business and Assets as defined herein, neither Seller nor Pick has, nor will acquire prior to the Closing, any interest, direct or indirect, in any temporary industrial or clerical help company located within, operating within, or providing services within the State of Illinois.