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no-action clause 无诉条款

一项保险单条款，规定对于被保险人由于伤害第三人财产或人身而支付的损害赔偿金或费用，只有在这些损失已实际发生并且被保险人已被起诉并已按照法院的终局判决或按照协议向该第三人支付时，被保险人才可根据保险单对保险人提出诉讼要求保险人予以赔偿。

No-action clause - A clause commonly found in documentation for a bond issue where a trustee structure is used. Typically, the clause permits only the trustee to take enforcement action against the issuer or guarantor of the bonds. Individual bondholders can generally only take legal action against the issuer if the trustee fails to take action in accordance with the bond documentation.

例句1

When companies issue notes or bonds, an “indenture” is sometimes created to govern the terms of the debt instrument. The indenture stipulates the terms of the contract between bondholders and the issuer company, including the time period of repayment and the rate of interest. A “no-action” clause is a common provision in an indenture. The clause establishes when and how creditors can take legal action against the issuer.

当公司发行票据或债券时，有时会产生“契约”来管理债务文书的条款。契约规定了债券持有人和发行公司之间的合同条款，包括还款期限和利率。无诉条款是契约中常见的条款。该条款规定了债权人何时以及如何对发行人采取法律行动。

例句2

No-action clauses guard against superfluous suits by an individual bondholder or a small bondholder group that may not share the interests of other bondholders. Most important, these clauses commonly require bondholders to seek action through an intermediary—usually an indenture trustee.

无诉条款防止个别债券持有人或可能不分享其他债券持有人利益的小债券持有人团体提起多余的诉讼。最重要的是，这些条款通常要求债券持有人通过中间人——通常是契约受托人——寻求诉讼。

例句3

No-action clauses are a common feature of indentures and other agreements governing debt instruments. In Akanthos Capital, the Eleventh Circuit determined that such clauses “must be given a consistent, uniform interpretation” to preclude noteholder suits that fall outside the express terms of the delineated exceptions. The ruling demonstrates that investors would be well advised to review indentures and other governing agreements carefully, recognizing that courts’ broad interpretation of the scope of no-action clauses may restrict their individual efforts to pursue causes of action against the issuer.

无诉条款是契约和其他债务文书协议的一个共同特征。在《Akanthos Capital》一案中，第十一巡回法庭裁定，此类条款“必须给予一致、统一的解释”，以排除不属于所描述的例外条款的票据持有人诉讼。该裁决表明，投资者最好仔细审查契约和其他管辖协议，并认识到法院对无诉条款范围的宽泛解释可能会限制他们个人对发行人提起诉讼的努力。

例句4

No-action clauses generally achieve these purposes by funneling securityholder actions through a trustee, who is given the sole authority to initiate and prosecute lawsuits to enforce the rights of securityholders, but only when a specified number of holders agree that such action is appropriate. The trustee’s power to act for bondholders is typically triggered by a majority vote and situations in which all bondholders will benefit from such action.

无诉条款通常通过受托人引导证券持有人的诉讼来实现这些目的，受托人被赋予发起和起诉诉讼以强制执行证券持有人权利的唯一权限，但只有在特定数量的持有人同意这种诉讼是适当的情况下。受托人代表债券持有人的权力通常由多数票和所有债券持有人都将从这种诉讼中受益的情况触发。