Common use of Alternative jurisdictions Clause in Contracts

Alternative jurisdictions. Nothing contained in this Clause shall limit the right of the Finance Parties to commence any Proceedings against the Borrower in any other court of competent jurisdiction nor shall the commencement of any Proceedings against the Borrower in one or more jurisdictions preclude the commencement of any Proceedings in any other jurisdiction, whether concurrently or not.

Appears in 11 contracts

Samples: Loan Facility Agreement, Loan Facility Agreement (Teekay Shipping Corp), Loan Facility Agreement (Gulfmark Offshore Inc)

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Alternative jurisdictions. Nothing contained in this Clause shall limit the right of the Finance Parties to commence any Proceedings against either the Borrower or the Guarantor in any other court of competent jurisdiction nor shall the commencement of any Proceedings against either the Borrower or the Guarantor in one or more jurisdictions preclude the commencement of any Proceedings in any other jurisdiction, whether concurrently or not.

Appears in 2 contracts

Samples: Stolt Comex (Stolt Offshore S A), Loan Facility Agreement (Stolt Comex Seaway S A)

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