Common use of No cause of action Clause in Contracts

No cause of action. No third party claiming to have acted or changed his position in anticipation of this Scheme taking effect, shall get any cause of action against the Transferor Company or the Transferee Company or their directors or officers, if the Scheme does not take effect or is withdrawn, amended or modified for any reason whatsoever.

No cause of action. 22.1 No third party claiming to have acted or changed his position in anticipation of this Scheme scheme taking effect, shall get any cause of action against the Transferor Company or the Transferee Company or their directors or officers, if the Scheme scheme does not take effect or is withdrawn, amended or modified for any reason whatsoever.