Foreign Law Provisions Clause Samples

A Foreign Law Provisions clause specifies that the agreement or certain parts of it are governed by the laws of a jurisdiction outside the parties' home country. In practice, this means that any disputes, interpretations, or enforcement actions related to the contract will be resolved according to the legal principles and procedures of the designated foreign country. This clause is commonly used in international contracts to provide certainty about which legal system applies, thereby reducing ambiguity and potential conflicts over applicable law.
Foreign Law Provisions. 9.1 Each Guarantor whose assets are located in Mexico or is organized under the laws of Mexico herein expressly and irrevocably waives (i) any right to which it might be entitled to have its obligations under this Guarantee divided among itself and one or more other Persons, if such Guarantor's obligations would be less than the full amount claimed hereunder, (ii) any benefit of order, excussio and division, or (iii) to the extent applicable, any benefit it may have under any of Articles 2813 through 2823, or Articles 2840, 2842, 2844, 2845, 2846, 2847, 2848 and 2849 of Mexico's Federal Civil Code and the correlative articles of the Civil Codes of each political subdivision of Mexico. 9.2 In relation to any payment under this Guarantee made by any Guarantor which is organized under the laws of Switzerland, such Guarantor shall, if and to the extent required by applicable law in force at the relevant time, subject to any applicable double taxation treaty, deduct Swiss withholding tax at the then applicable rate and pay it to the Swiss Federal Tax Administration and, with respect to such deduction made, not be obliged to gross-up or indemnify in accordance with the Senior Note Indenture.
View SourceView Similar (6)
Foreign Law Provisions. (A) Each of Borrower and the Related Companies (each an "Obligor") shall pay all amounts of principal, interest, fees and other amounts due under this Agreement and any and all related instruments and agreements (collectively, the "Loan Documents") free and clear of, and without reduction for or on account of, any present and future taxes, levies, imposts, duties, fees, assessments, charges, (B) If an Obligor makes any payment hereunder in respect of which it is required by law to make any deduction or withholding, it shall pay the full amount to be deducted or withheld to the relevant taxation or other authority within the time allowed for such payment under applicable law and promptly thereafter shall furnish to GC an original or certified copy of a receipt evidencing payment thereof, together with such other information and documents as GC may reasonably request. If no Taxes are payable in respect of any payment hereunder or in connection herewith, the Obligor shall, upon request of GC, furnish to GC a certificate from each appropriate taxing authority, or an opinion of counsel acceptable to GC, in either case stating that such payment is exempt from or not subject to Taxes. (C) If GC is required by law to make any payment on account of Taxes, or any liability in respect of any Tax is imposed, levied or assessed against GC, the Obligor shall indemnify GC for and against such payment or liability, together with any incremental taxes, interest or penalties, and all costs and expenses, payable or incurred in connection therewith, including Taxes imposed on amounts payable under this Section 8, whether or not such payment or liability was correctly or legally asserted. A certificate of GC as to the amount of any such payment shall, in the absence of manifest error, be conclusive and binding for all purposes. (D) The Obligor agrees to indemnify GC against and hold it harmless from any and all present and future stamp, transfer, documentary and other such taxes, levies, fees, assessments and other charges made by any jurisdiction by reason of the execution, delivery, performance and enforcement of the Loan Documents.
View SourceView Similar (3)
Foreign Law Provisions. In addition to, and not in derogation or in lieu of, any other provision of this Agreement, the following provisions shall apply with respect to the following jurisdictions:
View SourceView Similar (2)
Foreign Law Provisions 
View SourceView Similar (11)

Related to Foreign Law Provisions

  • Local Law Provisions [to be provided, if any, by local counsel]

  • Governing Law Provisions This Agreement shall be governed by and construed in accordance with the internal laws of the State of New York applicable to agreements made and to be performed in such state. Any legal suit, action or proceeding arising out of or based upon this Agreement or the transactions contemplated hereby (“Related Proceedings”) may be instituted in the federal courts of the United States of America located in the Borough of Manhattan in the City of New York or the courts of the State of New York in each case located in the Borough of Manhattan in the City of New York (collectively, the “Specified Courts”), and each party irrevocably submits to the exclusive jurisdiction (except for proceedings instituted in regard to the enforcement of a judgment of any such court (a “Related Judgment”), as to which such jurisdiction is non-exclusive) of such courts in any such suit, action or proceeding. Service of any process, summons, notice or document by mail to such party’s address set forth above shall be effective service of process for any suit, action or other proceeding brought in any such court. The parties irrevocably and unconditionally waive any objection to the laying of venue of any suit, action or other proceeding in the Specified Courts and irrevocably and unconditionally waive and agree not to plead or claim in any such court that any such suit, action or other proceeding brought in any such court has been brought in an inconvenient forum.

  • Securities Law Provision Each Debtor recognizes that Agent may be limited in its ability to effect a sale to the public of all or part of the Pledged Securities by reason of certain prohibitions in the Securities Act of 1933, as amended, or other federal or state securities laws (collectively, the “Securities Laws”), and may be compelled to resort to one or more sales to a restricted group of purchasers who may be required to agree to acquire the Pledged Securities for their own account, for investment and not with a view to the distribution or resale thereof. Each Debtor agrees that sales so made may be at prices and on terms less favorable than if the Pledged Securities were sold to the public, and that Agent has no obligation to delay the sale of any Pledged Securities for the period of time necessary to register the Pledged Securities for sale to the public under the Securities Laws. Each Debtor shall cooperate with Agent in its attempt to satisfy any requirements under the Securities Laws (including, without limitation, registration thereunder if requested by Agent) applicable to the sale of the Pledged Securities by Agent.

  • Concerning Applicable Provisions of Law, etc This Agreement shall be subject to all applicable provisions of law, including the applicable provisions of the 1940 Act and to the extent that any provisions herein contained conflict with any such applicable provisions of law, the latter shall control.

  • Choice of Law; Severability This Lease shall in all respects be governed by and construed in accordance with the laws of the State of California. If any provision of this Lease shall be invalid, unenforceable or ineffective for any reason whatsoever, all other provisions hereof shall be and remain in full force and effect.