Common use of No Presentment Clause in Contracts

No Presentment. It is acknowledged that, under the terms of the CMU Rules, no further or other demand or presentment for payment of the Global Certificate lodged with the CMU shall be required other than the credit of interests in that Global Certificate to the relevant CMU accounts of CMU members (whether acting on their own behalf or as paying agent) in accordance with the CMU Rules and, so long as that Global Certificate is held by the CMU, the Issuer and the Fiscal Agent waive the requirements for any further or other demand or presentment for payment.

No Presentment. It is acknowledged that, under the terms of the CMU Rules, no further or other demand or presentment for payment of the a Global Note or Global Certificate lodged with the CMU Service shall be required other than the credit of interests in that Global Note or Global Certificate to the relevant CMU accounts of CMU members (whether acting on their own behalf or as paying agent) in accordance with the CMU Rules and, so long as that Global Note or Global Certificate is held by the CMUCMU Service, the relevant Issuer and the Fiscal CMU Lodging Agent waive the requirements for any further or other demand or presentment for payment.