Common use of Business in Other Jurisdictions Clause in Contracts

Business in Other Jurisdictions. Notwithstanding anything contained herein to the contrary, neither [Name of Owner Trustee] nor the Owner Trustee shall be required to take any action in any jurisdiction other than in the State of Delaware if the taking of such action will, even after the appointment of a co-trustee or separate trustee in accordance with Section 9.05 hereof, (i) require the consent or approval or authorization or order of or the giving of notice to, or the registration with or the taking of any other action in respect of, any state or other governmental authority or agency of any jurisdiction other than the State of Delaware; (ii) result in any fee, tax or other governmental charge under the laws of the State of Delaware becoming payable by [Name of Owner Trustee], or (iii) subject [Name of Owner Trustee] to personal jurisdiction in any jurisdiction other than the State of Delaware for causes of action arising from acts unrelated to the consummation of the transactions by [Name of Owner Trustee] or the Owner Trustee, as the case may be, contemplated hereby.

Appears in 4 contracts

Samples: Owner Trust Agreement (Nomura Home Equity Loan, Inc.), Owner Trust Agreement (Nomura Asset Acceptance Corp), Owner Trust Agreement (Deutsche Alt-a Securities Inc)

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Business in Other Jurisdictions. Notwithstanding anything contained herein to the contrary, neither [Name of Owner Trustee] nor the Owner Trustee shall not be required to take any action in any jurisdiction other than in the State of Delaware if the taking of such action will, even after the appointment of a co-trustee or separate trustee in accordance with Section 9.05 hereof, (i) require the consent or approval or authorization or order of or the giving of notice to, or the registration with or the taking of any other action in respect of, any state or other governmental authority or agency of any jurisdiction other than the State of Delaware; (ii) result in any fee, tax or other governmental charge under the laws of the State of Delaware becoming payable by [Name of Owner Trustee], or (iii) subject [Name of Owner Trustee] to personal jurisdiction in any jurisdiction other than the State of Delaware for causes of action arising from acts unrelated to the consummation of the transactions by [Name of Owner Trustee] or the Owner Trustee, as the case may be, contemplated hereby.

Appears in 1 contract

Samples: Owner Trust Agreement (GE-WMC Mortgage Securities, L.L.C.)

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