Common use of GOVERNING LAW AND JURISDICTION; SERVICE OF PROCESS Clause in Contracts

GOVERNING LAW AND JURISDICTION; SERVICE OF PROCESS. 27.1 This Agreement shall be construed in accordance with, and governed by the laws of the State of New York, without giving effect to its conflicts of laws principles. Each Party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts located in New York City, Borough of Manhattan, for any action of proceeding relating to this Agreement. Each Party hereby irrevocably waives, to the fullest extent permitted by Applicable Law, any objection to the jurisdiction of any such court or to the venue therein or any claim of inconvenient forum of such court. Each Party waives, to the fullest extent permitted by Applicable Law, any right it may have to a trial by jury in respect of any proceedings relating to this Agreement. Each Party makes the agreements set forth in this section in full awareness of, and agreement to, the application of NY- General Obligation Law 5-1401 and 5-1402. In any action to enforce any of the rights provided in this Agreement, each Party agrees to accept, in lieu of personal service, service of process by postage prepaid registered or certified mail, return receipt requested or sent by internationally recognized delivery or courier service to such party at the address specified pursuant to the Notices provision of this Agreement.