Common use of Choice of forum for the exclusive benefit of the Creditor Parties Clause in Contracts

Choice of forum for the exclusive benefit of the Creditor Parties. Clause 30.2 is for the exclusive benefit of the Creditor Parties, each of which reserves the right: (a) to commence proceedings in relation to any matter which arises out of or in connection with this Agreement in the courts of any country other than England and which have or claim jurisdiction to that matter; and (b) to commence such proceedings in the courts of any such country or countries concurrently with or in addition to proceedings in England or without commencing proceedings in England. The Borrower shall not commence any proceedings in any country other than England in relation to a matter which arises out of or in connection with this Agreement.

Appears in 3 contracts

Samples: Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Britannia Bulk Holdings Inc)

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Choice of forum for the exclusive benefit of the Creditor Parties. Clause 30.2 is for the exclusive benefit of the Creditor Parties, each of which reserves the right: (a) to commence proceedings in relation to any matter which arises out of or in connection with this Agreement in the courts of any country other than England and which have or claim jurisdiction to that matter; and (b) to commence such proceedings in the courts of any such country or countries concurrently with or in addition to proceedings in England or without commencing proceedings in England. The Borrower Borrowers shall not commence any proceedings in any country other than England in relation to a matter which arises out of or in connection with this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

Choice of forum for the exclusive benefit of the Creditor Parties. Clause 30.2 31.2 is for the exclusive benefit of the Creditor Parties, each of which reserves the right: (a) to commence proceedings in relation to any matter which arises out of or in connection with this Agreement in the courts of any country other than England and which have or claim jurisdiction to that matter; and (b) to commence such proceedings in the courts of any such country or countries concurrently with or in addition to proceedings in England or without commencing proceedings in England. The Borrower shall not commence any proceedings in any country other than England in relation to a matter which arises out of or in connection with this Agreement.

Appears in 1 contract

Samples: Facility Agreement (Navios Maritime Containers Inc.)

Choice of forum for the exclusive benefit of the Creditor Parties. Clause 30.2 is for the exclusive benefit of the Creditor Parties, each of which reserves the right: (a) to commence proceedings in relation to any matter which arises out of or in connection with this Agreement in the courts of any country other than England and which have or claim jurisdiction to that matter; and (b) to commence such proceedings in the courts of any such country or countries concurrently with or in addition to proceedings in England or without commencing proceedings in England. The No Borrower shall not commence any proceedings in any country other than England in relation to a matter which arises out of or in connection with this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Capital Product Partners L.P.)

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Choice of forum for the exclusive benefit of the Creditor Parties. Clause 30.2 31.2 (Exclusive English jurisdiction) is for the exclusive benefit of the Creditor Parties, each of which reserves the right: (a) to commence proceedings in relation to any matter which arises out of or in connection with this Agreement Dispute in the courts of any country other than England and which have or claim jurisdiction to that matterDispute; and (b) to commence such proceedings in the courts of any such country or countries concurrently with or in addition to proceedings in England or without commencing proceedings in England. The Borrower shall not commence any proceedings in any country other than England in relation to a matter which arises out of or in connection with this AgreementDispute.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

Choice of forum for the exclusive benefit of the Creditor Parties. Clause 30.2 31.2 (Exclusive English jurisdiction) is for the exclusive benefit of the Creditor Parties, each of which reserves the right: (a) to commence proceedings in relation to any matter which arises out of or in connection with this Agreement Dispute in the courts of any country other than England and which have or claim jurisdiction to that matterDispute; and (b) to commence such proceedings in the courts of any such country or countries concurrently with or in addition to proceedings in England or without commencing proceedings in England. The No Borrower shall not commence any proceedings in any country other than England in relation to a matter which arises out of or in connection with this AgreementDispute.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Partners L.P.)

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