Common use of Governing Law, Consent to Jurisdiction and Service of Process; Waiver of Jury Trial Clause in Contracts

Governing Law, Consent to Jurisdiction and Service of Process; Waiver of Jury Trial. Sections 10.15 and 10.16 of the Credit Agreement are incorporated herein, mutatis mutandis, as if a part hereof. Notwithstanding the above, each of the Pledgors agrees that in the event that a court of competent jurisdiction determines that the Commercial Transactions Act, as amended, governs the attachment, constitution, perfection, priority or enforcement of the security interest granted to the Collateral Agent and a type of Collateral defined in this Agreement is not covered by the provisions of Chapter 9 of the Commercial Transactions Act, then the laws of the State of New York shall supplement the laws of the Commonwealth of Puerto Rico concerning the attachment, constitution, perfection, priority or enforcement, as applicable, of such security interest with respect to such property of a type that is outside of the scope of Chapter 9 of the Commercial Transactions Act but which is deemed Collateral under this Agreement. Notwithstanding the foregoing, it is the intent of the parties hereto that the terms of this Agreement shall be governed by and that the Agreement shall apply the laws of the State of New York with respect to the attachment of the security interest granted hereunder.

Governing Law, Consent to Jurisdiction and Service of Process; Waiver of Jury Trial. Sections 10.15 and 10.16 of the Credit Agreement are incorporated herein, mutatis mutandis, as if a part hereof. Notwithstanding the above, each of the Pledgors agrees that in the event that a court of competent jurisdiction determines that the Commercial Transactions Act, as amended, governs the attachment, constitution, perfection, priority or enforcement of the security interest granted to the Collateral Administrative Agent and a type of Collateral defined in this Agreement is not covered by the provisions of Chapter 9 of the Commercial Transactions Act, then the laws of the State of New York shall supplement the laws of the Commonwealth of Puerto Rico concerning the attachment, constitution, perfection, priority or enforcement, as applicable, of such security interest with respect to such property of a type that is outside of the scope of Chapter 9 of the Commercial Transactions Act but which is deemed Collateral under this Agreement. Notwithstanding the foregoing, it is the intent of the parties hereto that the terms of this Agreement shall be governed by and that the Agreement shall apply the laws of the State of New York with respect to the attachment of the security interest granted hereunder.