Common use of No Further Action Required Clause in Contracts

No Further Action Required. Upon execution and delivery of this Agreement and the Deed of Assignment, no further action (including notice to or filing with any Governmental Authority or agency) will be required to effectuate the Sale of the Purchased Diversified Payment Rights and Related Assets (whether existing on the Closing Date or thereafter generated) to the SPC.

Appears in 2 contracts

Sources: Origination Agreement, Origination Agreement (National Commercial Bank Jamaica LTD)