Common use of Consent to Jurisdiction; Exclusive Venue Clause in Contracts

Consent to Jurisdiction; Exclusive Venue. Borrower hereby irrevocably consents to the jurisdiction of the United States District Court for the Middle District of Tennessee and of all Tennessee state courts sitting in Davidson County, Tennessee, for the purpose of any litigation to which Lenders or Agent may be a party and which concerns this Agreement or the Obligations. It is further agreed that venue for any such action shall lie exclusively with courts sitting in Davidson County, Tennessee, unless Lenders and Agent agree to the contrary in writing. This election applies only for the limited judicial proceedings that may apply as set forth in the provision of this Agreement electing binding arbitration for the resolution of disputes and does not impair the effect of that provision in any way.

Appears in 3 contracts

Samples: Loan Agreement (Response Oncology Inc), Loan Agreement (Response Oncology Inc), Loan Agreement (Seafield Capital Corp)

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Consent to Jurisdiction; Exclusive Venue. Borrower Each party hereto hereby irrevocably consents to the jurisdiction of the United States District Court for the Middle District of Tennessee and of all Tennessee state courts sitting in Davidson County, Tennessee, for the purpose of any litigation to which Borrower, Lenders or Agent may be a party and which concerns this Agreement or the Obligations. It is further agreed that venue for any such action shall lie exclusively with courts sitting in Davidson County, Tennessee, unless Lenders and Agent agree to the contrary in writing. This election provision applies only to those matters for the limited judicial proceedings that may apply as set forth in which litigation is permitted under the provision of this Agreement electing binding below providing for mandatory arbitration for the resolution of disputes and does not impair the effect of abrogate that provision in any wayprovision.

Appears in 1 contract

Samples: Loan Agreement (Physicians Resource Group Inc)

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