Common use of Bankruptcy Court Jurisdiction Clause in Contracts

Bankruptcy Court Jurisdiction. THE BUYER AND THE SELLERS AGREE THAT THE BANKRUPTCY COURT SHALL HAVE EXCLUSIVE JURISDICTION DURING THE CASE OVER ANY DISPUTE BETWEEN THE BUYER AND THE SELLERS, AND SHALL OTHERWISE HAVE NON-EXCLUSIVE JURISDICTION OVER ALL DISPUTES AND MATTERS, IN EACH EVENT RELATING TO ANY OF (i) THE INTERPRETATION AND ENFORCEMENT OF THIS AGREEMENT OR ANY ANCILLARY DOCUMENT EXECUTED PURSUANT HERETO AND/OR (ii) THE ACQUIRED ASSETS AND/OR ASSUMED LIABILITIES, AND THE BUYER AND EACH OF THE SELLERS EACH EXPRESSLY CONSENTS TO SUCH JURISDICTION.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Children S Books & Toys Inc), Asset Purchase Agreement (Fao Inc)

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Bankruptcy Court Jurisdiction. THE BUYER AND THE SELLERS SELLING PARTIES AGREE THAT THE BANKRUPTCY COURT SHALL HAVE EXCLUSIVE JURISDICTION DURING THE CASE OVER ANY DISPUTE BETWEEN THE BUYER AND THE SELLERSSELLING PARTIES, AND SHALL OTHERWISE HAVE NON-EXCLUSIVE JURISDICTION OVER ALL DISPUTES AND MATTERS, IN EACH EVENT RELATING TO ANY OF (i) THE INTERPRETATION AND ENFORCEMENT OF THIS AGREEMENT OR ANY ANCILLARY DOCUMENT EXECUTED PURSUANT HERETO AND/OR (ii) THE ACQUIRED ASSETS AND/OR ASSUMED LIABILITIES, AND THE BUYER AND EACH OF THE SELLERS SELLING PARTIES EACH EXPRESSLY CONSENTS TO SUCH JURISDICTION.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Golden Books Family Entertainment Inc), Asset Purchase Agreement (Golden Books Family Entertainment Inc)

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Bankruptcy Court Jurisdiction. THE BUYER AND THE SELLERS AGREE THAT THE BANKRUPTCY COURT SHALL HAVE EXCLUSIVE JURISDICTION DURING THE BANKRUPTCY CASE OVER ANY DISPUTE BETWEEN THE BUYER AND THE SELLERS, AND SHALL OTHERWISE HAVE NON-EXCLUSIVE JURISDICTION OVER ALL DISPUTES AND MATTERS, IN EACH EVENT RELATING TO ANY OF (i) THE INTERPRETATION AND ENFORCEMENT OF THIS AGREEMENT OR ANY ANCILLARY DOCUMENT EXECUTED PURSUANT HERETO AND/OR (ii) THE ACQUIRED ASSETS AND/OR ASSUMED LIABILITIESPURCHASED ASSETS, AND THE BUYER AND EACH OF THE SELLERS EACH EXPRESSLY CONSENTS TO SUCH JURISDICTION.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hauser Inc)

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