Common use of Actions against Holder Clause in Contracts

Actions against Holder. Any action brought by the Borrower against the holder of this Note which is based, directly or indirectly, on this Note or any matter in or related to this Note, including but not limited to the making of the loan evidenced hereby or the administration or collection thereof, shall be brought only in the courts of the Governing State. The Borrower agrees that any forum other than the Governing State is an inconvenient forum and that a suit brought by the Borrower against the holder of this Note in a court of any state other than the Governing State should be forthwith dismissed or transferred to a court located in the Governing State by that Court.

Actions against Holder. Any action brought by the Borrower against the holder of this Revolving Loan Promissory Note which is based, directly or indirectly, on this Revolving Loan Promissory Note or any matter in or related to this Revolving Loan Promissory Note, including but not limited to the making of the loan evidenced hereby or the administration or collection thereof, shall be brought only in the courts of the Governing State. The Borrower agrees that any forum other than the Governing State is an inconvenient forum and that a suit brought by the Borrower against the holder of this Revolving Loan Promissory Note in a court of any state other than the Governing State should be forthwith dismissed or transferred to a court located in the Governing State by that CourtState.