Common use of Governing Law, Arbitration and Jurisdiction Clause in Contracts

Governing Law, Arbitration and Jurisdiction. a. The Agreement shall be governed by and construed in accordance with the laws of India. b. All claims, disputes, differences or questions of any nature arising between the Parties in relation to this Agreement, whether during or after the termination of this Agreement, shall be referred to the sole arbitrator appointed by the Lender. The Parties hereto mutually agree and confirm that the arbitration proceedings shall be conducted in English and in accordance with the Arbitration and Conciliation Act, 1996 as amended from time to time and the proceedings shall be held at Mumbai or at any other place at the discretion of the Lender. The costs of such arbitration shall be borne by the losing Party or otherwise as determined in the arbitration award. The courts in Mumbai shall have exclusive jurisdiction. c. Notwithstanding anything stated in this Agreement, the Lender is authorized to take all actions under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Xxxxxxxx Xxx, 0000 (“SARFAESI Act”), and/or under debt recovery tribunals and/or under National Company Law Tribunal or at any other forum permitted by the Indian judiciary system from time to time.

Governing Law, Arbitration and Jurisdiction. a. The Agreement shall be governed by and construed in accordance with the laws of India. b. All claims, disputes, differences differences or questions of any nature arising between the Parties in relation to this Agreement, whether during or after the termination of this Agreement, shall be referred to the sole arbitrator appointed by the Lender. The Parties hereto mutually agree and confirm that the arbitration proceedings shall be conducted in English and in accordance with the Arbitration and Conciliation Act, 1996 as amended from time to time and the proceedings shall be held at Mumbai or at any other place at the discretion of the Lender. The costs of such arbitration shall be borne by the losing Party or otherwise as determined in the arbitration award. The courts in Mumbai shall have exclusive jurisdiction. c. Notwithstanding anything stated in this Agreement, the Lender is authorized to take all actions under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Xxxxxxxx Xxx, 0000 (“SARFAESI Act”), and/or under debt recovery tribunals and/or under National Company Law Tribunal or at any other forum permitted by the Indian judiciary system from time to time.

Governing Law, Arbitration and Jurisdiction. a. The Agreement shall be governed by and construed in accordance with the laws of India. b. All claims, disputes, differences differences or questions of any nature arising between the Parties in relation to this Agreement, whether during or after the termination of this Agreement, shall be referred to the sole arbitrator appointed by the Lender. The Parties hereto mutually agree and confirm confirm that the arbitration proceedings shall be conducted in English and in accordance with the Arbitration and Conciliation Act, 1996 as amended from time to time and the proceedings shall be held at Mumbai or at any other place at the discretion of the Lender. The costs of such arbitration shall be borne by the losing Party or otherwise as determined in the arbitration award. The courts in Mumbai shall have exclusive jurisdiction. c. Notwithstanding anything stated in this Agreement, the Lender is authorized to take all actions under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Xxxxxxxx Xxx, 0000 (“SARFAESI Act”), and/or under debt recovery tribunals and/or under National Company Law Tribunal or at any other forum permitted by the Indian judiciary system from time to time.