Common use of Governing Law; Consent to Jurisdiction and Venue Clause in Contracts

Governing Law; Consent to Jurisdiction and Venue. (a) This Loan Agreement, and any Loan Document which does not itself expressly identify the law that is to apply to it, will be governed by the laws of the Commonwealth of Virginia (without regard to choice of law principles), except that at all times the provisions of this Loan Agreement relating solely to the creation, perfection, priority and enforcement of any security interest created pursuant to this Loan Agreement (collectively, “Security Interest Provisions”), that relate to the Property Jurisdiction shall be governed by and construed according to the law of the Property Jurisdiction. (b) Borrower agrees that any controversy arising under or in relation to the Note, this Loan Agreement (except for a controversy relating to Security Interest Provisions, which shall be governed by and construed according to the law of the Property Jurisdiction and litigated in the Property Jurisdiction) or any other Loan Document may be litigated in the Commonwealth of Virginia. The state and federal courts and authorities with jurisdiction in the Commonwealth of Virginia (collectively, “Virginia Courts”), will have jurisdiction over all controversies that may arise under or in relation to the Note, this Loan Agreement (except for any controversy relating to the Security Interest Provisions and/or enforcement actions arising under this Loan Agreement that relate to the Property Jurisdiction, which shall be governed by and construed according to the law of the Property Jurisdiction) or any other Loan Document. Borrower irrevocably consents to service, jurisdiction and venue of such courts for any such litigation and waives any other venue to which it might be entitled by virtue of domicile, habitual residence or otherwise in connection with any such controversy. The Borrower also expressly and irrevocably waives any other objection that the Borrower may now or hereafter have to the venue of any suit, action or proceeding brought in connection with any such controversy in any of the Virginia Courts and any claim that any such suit, action, or proceeding brought in any of the Virginia Courts has been brought in an inconvenient forum. However, nothing in this Section 11.02 is intended to limit Lender’s right to bring any suit, action or proceeding relating to matters under this Loan Agreement or the other Loan Documents in any court of any other jurisdiction including, without limitation, any suit, action or proceeding which may be brought in the Property Jurisdiction in accordance with the terms of this Loan Agreement or the other Loan Documents. Final judgment in any of the Virginia Courts shall be conclusive and binding on the Borrower and may be enforced in any court in which the Borrower is subject to jurisdiction by any method permitted by the law of such jurisdiction including, without limitation, a suit upon such judgment provided that service of process is effected as provided herein or as otherwise permitted by applicable laws.

Appears in 8 contracts

Samples: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)

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Governing Law; Consent to Jurisdiction and Venue. (a) This Loan AgreementInstrument, and any Loan Document which does not itself expressly identify the law that is to apply to it, will be governed by the laws of the Commonwealth of Virginia (without regard to choice of law principles), except that at all times the provisions of this Loan Agreement Instrument relating solely to the creation, perfection, priority and enforcement of any lien or security interest created pursuant to this Loan Agreement Instrument (collectively, the “Security Interest Provisions”), that relate to the Property Jurisdiction shall be governed by and construed according to the law of the Property Jurisdiction. (b) . Borrower agrees that any controversy arising under or in relation to the Note, the Loan Agreement, this Loan Agreement Instrument (except for a controversy relating to Security Interest Provisions, which shall be governed by and construed according to the law of the Property Jurisdiction and litigated in the Property Jurisdiction) or any other Loan Document may be litigated in the Commonwealth of Virginia. The state and federal courts and authorities with jurisdiction in the Commonwealth of Virginia (collectively, “Virginia Courts”), will have jurisdiction over all controversies that may arise under or in relation to the Note, the Loan Agreement, this Loan Agreement Instrument (except for any controversy relating to the Security Interest Provisions and/or enforcement actions arising under this Loan Agreement Instrument that relate to the Property Jurisdiction, which shall be governed by and construed according to the law of the Property Jurisdiction) or any other Loan Document. Borrower irrevocably consents to service, jurisdiction and venue of such courts for any such litigation and waives any other venue to which it might be entitled by virtue of domicile, habitual residence or otherwise in connection with any such controversy. The Borrower also expressly and irrevocably waives any other objection that the Borrower may now or hereafter have to the venue of any suit, action or proceeding brought in connection with any such controversy in any of the Virginia Courts and any claim that any such suit, action, or proceeding brought in any of the Virginia Courts has been brought in an inconvenient forum. However, nothing in this Section 11.02 13 is intended to limit Lender’s right to bring any suit, action or proceeding relating to matters under this Loan Agreement Instrument or the other Loan Documents in any court of any other jurisdiction including, without limitation, any suit, action or proceeding which may be brought in the Property Jurisdiction in accordance with the terms of this Loan Agreement Instrument or the other Loan Documents. Final judgment in any of the Virginia Courts shall be conclusive and binding on the Borrower and may be enforced in any court in which the Borrower is subject to jurisdiction by any method permitted by the law of such jurisdiction including, without limitation, a suit upon such judgment provided that service of process is effected as provided herein or as otherwise permitted by applicable laws.

Appears in 3 contracts

Samples: Multifamily Mortgage, Assignment of Rents, Security Agreement and Fixture Filing (Steadfast Income REIT, Inc.), Multifamily Deed of Trust, Absolute Assignment of Leases and Rents and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Mortgage, Assignment of Rents and Security Agreement (Steadfast Income REIT, Inc.)

Governing Law; Consent to Jurisdiction and Venue. (a) This Loan AgreementAll questions concerning the construction, validity, enforcement and any Loan Document which does not itself expressly identify the law that is to apply to it, will be governed by the laws of the Commonwealth of Virginia (without regard to choice of law principles), except that at all times the provisions interpretation of this Loan Agreement relating solely to the creation, perfection, priority and enforcement of any security interest created pursuant to this Loan Agreement (collectively, “Security Interest Provisions”), that relate to the Property Jurisdiction shall be governed by and construed according and enforced in accordance with the internal laws of the State of New York, without regard to the law principles of conflict of laws thereof. Each party agrees that all legal proceedings concerning the interpretation, enforcement and defense of the Property Jurisdiction. transactions contemplated by any of the Transaction Documents (bwhether brought against a party hereto or its respective Affiliates, directors, officers, shareholders, employees or agents) Borrower agrees that any controversy arising under or in relation to the Note, this Loan Agreement (except for a controversy relating to Security Interest Provisions, which shall be governed by and construed according to the law of the Property Jurisdiction and litigated commenced in the Property Jurisdiction) or any other Loan Document may be litigated in the Commonwealth of Virginia. The state and federal courts and authorities with jurisdiction sitting in the Commonwealth City of Virginia New York, Borough of Manhattan (collectively, the Virginia New York Courts”), will have . Each party hereto hereby irrevocably submits to the exclusive jurisdiction over all controversies that may arise under of the New York Courts for the adjudication of any dispute hereunder or in relation connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the Note, this Loan Agreement (except for enforcement of any controversy relating to the Security Interest Provisions and/or enforcement actions arising under this Loan Agreement that relate to the Property Jurisdiction, which shall be governed by and construed according to the law of the Property Jurisdiction) or any other Loan Document. Borrower Transaction Documents), and hereby irrevocably consents waives, and agrees not to service, jurisdiction and venue of such courts for any such litigation and waives any other venue to which it might be entitled by virtue of domicile, habitual residence or otherwise assert in connection with any such controversy. The Borrower also expressly and irrevocably waives any other objection that the Borrower may now or hereafter have to the venue of any suit, action or proceeding brought in connection with any such controversy in any of the Virginia Courts and proceeding, any claim that it is not personally subject to the jurisdiction of such New York Courts, or such New York Courts are improper or inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action, or proceeding brought in any of the Virginia Courts has been brought in an inconvenient forum. However, nothing in this Section 11.02 is intended to limit Lender’s right to bring any suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under the Transaction Documents and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by applicable law. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to matters under this Loan Agreement or the other Loan Documents in transactions contemplated hereby. If any court of any other jurisdiction including, without limitation, any suit, party shall commence an action or proceeding which may to enforce any provisions of this Agreement, then the prevailing party in such action or proceeding shall be brought reimbursed by the other party for its attorneys’ fees and other costs and expenses incurred in the Property Jurisdiction in accordance with the terms of this Loan Agreement or the other Loan Documents. Final judgment in any of the Virginia Courts shall be conclusive investigation, preparation and binding on the Borrower and may be enforced in any court in which the Borrower is subject to jurisdiction by any method permitted by the law prosecution of such jurisdiction including, without limitation, a suit upon such judgment provided that service of process is effected as provided herein action or as otherwise permitted by applicable lawsproceeding.

Appears in 1 contract

Samples: Securities Purchase Agreement (Legend Oil & Gas, Ltd.)

Governing Law; Consent to Jurisdiction and Venue. (a) This Loan Agreement, and any Loan Document which does not itself expressly identify the law that is to apply to it, will be governed by the laws of the Commonwealth of Virginia (without regard to choice of law principles), except that at all times the provisions of this Loan Agreement relating solely to the creation, perfection, priority and enforcement of any security interest created pursuant to this Loan Agreement (collectively, “Security Interest Provisions”), that relate to the Property Jurisdiction shall be governed by and construed according to the law of the Property Jurisdiction. (b) Borrower agrees that any controversy arising under or in relation to the Note, this Loan Agreement (except for a controversy relating to Security Interest Provisions, which shall be governed by and construed according to the law of the Property Jurisdiction and litigated in the Property Jurisdiction) or any other Loan Document may be litigated in the Commonwealth of Virginia. The state and federal courts and authorities with jurisdiction in the Commonwealth of Virginia (collectively, “Virginia Courts”), will have jurisdiction over all controversies that may arise under or in relation to the Note, this Loan Agreement (except for any controversy relating to the Security Interest Provisions and/or enforcement actions arising under this Loan Agreement that relate to the Property Jurisdiction, which shall be governed by and construed according to the law of the Property Jurisdiction) or any other Loan Document. Borrower irrevocably consents to service, jurisdiction and venue of such courts for any such litigation and waives any other venue to which it might be entitled by virtue of domicile, habitual residence or otherwise in connection with any such controversy. The Borrower also expressly and irrevocably waives any other objection that the Borrower may now or hereafter have to the venue of any suit, action or proceeding brought in connection with any such controversy in any of the Virginia Courts and any claim that any such suit, action, or proceeding brought in any of the Virginia Courts has been brought in an inconvenient forum. However, nothing in this Section 11.02 is intended to limit Lender’s right to bring any suit, action or proceeding relating to matters under this Loan Agreement or the other Loan Documents in any court of any other jurisdiction including, without limitation, any suit, action or proceeding which may be brought in the Property Jurisdiction in accordance with the terms of this Loan Agreement or the other Loan Documents. Final judgment in any of the Virginia Courts shall be conclusive and binding on the Borrower and may be enforced in any court in which the Borrower is subject to jurisdiction by any method permitted by the law of such jurisdiction including, without limitation, a suit upon such judgment provided that service of process is effected as provided herein or as otherwise permitted by applicable laws.. Revolving Credit Loan

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)

Governing Law; Consent to Jurisdiction and Venue. (a) This Loan AgreementAll questions concerning the construction, validity, enforcement and any Loan Document which does not itself expressly identify the law that is to apply to it, will be governed by the laws of the Commonwealth of Virginia (without regard to choice of law principles), except that at all times the provisions interpretation of this Loan Agreement relating solely to the creation, perfection, priority and enforcement of any security interest created pursuant to this Loan Agreement (collectively, “Security Interest Provisions”), that relate to the Property Jurisdiction shall be governed by and construed according and enforced in accordance with the internal laws of the State of California, without regard to the law principles of conflict of laws thereof. Each party agrees that all legal proceedings concerning the interpretation, enforcement and defense of the Property Jurisdiction. transactions contemplated by any of the Transaction Documents (bwhether brought against a party hereto or its respective Affiliates, directors, officers, employees or agents) Borrower agrees that any controversy arising under or in relation to the Note, this Loan Agreement (except for a controversy relating to Security Interest Provisions, which shall be governed by and construed according to the law of the Property Jurisdiction and litigated commenced in the Property Jurisdiction) or any other Loan Document may be litigated in the Commonwealth of Virginia. The state and federal courts and authorities with jurisdiction sitting in the Commonwealth City of Virginia San Francisco, California (collectively, the Virginia California Courts”), will have . Each party hereto hereby irrevocably submits to the exclusive jurisdiction over all controversies that may arise under of the California Courts for the adjudication of any dispute hereunder or in relation connection herewith or with any transaction contemplated hereby or discussed herein (including with respect to the Note, this Loan Agreement (except for enforcement of any controversy relating to the Security Interest Provisions and/or enforcement actions arising under this Loan Agreement that relate to the Property Jurisdiction, which shall be governed by and construed according to the law of the Property Jurisdiction) or any other Loan Document. Borrower Transaction Documents), and hereby irrevocably consents waives, and agrees not to service, jurisdiction and venue of such courts for any such litigation and waives any other venue to which it might be entitled by virtue of domicile, habitual residence or otherwise assert in connection with any such controversy. The Borrower also expressly and irrevocably waives any other objection that the Borrower may now or hereafter have to the venue of any suit, action or proceeding brought in connection with any such controversy in any of the Virginia Courts and proceeding, any claim that it is not personally subject to the jurisdiction of such California Courts, or such California Courts are improper or inconvenient venue for such proceeding. Each party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action, or proceeding brought in any of the Virginia Courts has been brought in an inconvenient forum. However, nothing in this Section 11.02 is intended to limit Lender’s right to bring any suit, action or proceeding by mailing a copy thereof via registered or certified mail or overnight delivery (with evidence of delivery) to such party at the address in effect for notices to it under the Transaction Documents and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any other manner permitted by applicable law. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, any and all right to trial by jury in any legal proceeding arising out of or relating to matters under this Loan Agreement or the other Loan Documents in transactions contemplated hereby. If any court of any other jurisdiction including, without limitation, any suit, party shall commence an action or proceeding which may to enforce any provisions of this Agreement, then the prevailing party in such action or proceeding shall be brought reimbursed by the other party for its attorneys’ fees and other costs and expenses incurred in the Property Jurisdiction in accordance with the terms of this Loan Agreement or the other Loan Documents. Final judgment in any of the Virginia Courts shall be conclusive investigation, preparation and binding on the Borrower and may be enforced in any court in which the Borrower is subject to jurisdiction by any method permitted by the law prosecution of such jurisdiction including, without limitation, a suit upon such judgment provided that service of process is effected as provided herein action or as otherwise permitted by applicable lawsproceeding.

Appears in 1 contract

Samples: Forbearance Agreement (Healthcare Corp of America)

Governing Law; Consent to Jurisdiction and Venue. (a) This Loan Agreement, and any Loan Document which does not itself expressly identify the law that is to apply to it, will be governed by the laws of the Commonwealth of Virginia (without regard to choice of law principles), except that at all times the provisions of this Loan Agreement relating solely to the creation, perfection, priority and enforcement of any security interest created pursuant to this Loan Agreement (collectively, “Security Interest Provisions”), that relate to the Property Jurisdiction shall be governed by and construed according to the law of the Property Jurisdiction. (b) . Borrower agrees that any controversy arising under or in relation to the Note, this Loan Agreement (except for a controversy relating to Security Interest Provisions, which shall be governed by and construed according to the law of the Property Jurisdiction and litigated in the Property Jurisdiction) or any other Loan Document may be litigated in the Commonwealth of Virginia. The state and federal courts and authorities with jurisdiction in the Commonwealth of Virginia (collectively, “Virginia Courts”), will have jurisdiction over all controversies that may arise under or in relation to the Note, this Loan Agreement (except for any controversy relating to the Security Interest Provisions and/or enforcement actions arising under this Loan Agreement that relate to the Property Jurisdiction, which shall be governed by and construed according to the law of the Property Jurisdiction) or any other Loan Document. Borrower irrevocably consents to service, jurisdiction and venue of such courts for any such litigation and waives any other venue to which it might be entitled by virtue of domicile, habitual residence or otherwise in connection with any such controversy. The Borrower also expressly and irrevocably waives any other objection that the Borrower may now or hereafter have to the venue of any suit, action or proceeding brought in connection with any such controversy in any of the Virginia Courts and any claim that any such suit, action, or proceeding brought in any of the Virginia Courts has been brought in an inconvenient forum. However, nothing in this Section 11.02 is intended to limit Lender’s right to bring any suit, action or proceeding relating to matters under this Loan Agreement or the other Loan Documents in any court of any other jurisdiction including, without limitation, any suit, action or proceeding which may be brought in the Property Jurisdiction in accordance with the terms of this Loan Agreement or the other Loan Documents. Final judgment in any of the Virginia Courts shall be conclusive and binding on the Borrower and may be enforced in any court in which the Borrower is subject to jurisdiction by any method permitted by the law of such jurisdiction including, without limitation, a suit upon such judgment provided that service of process is effected as provided herein or as otherwise permitted by applicable laws.

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)

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Governing Law; Consent to Jurisdiction and Venue. (a) This Loan Agreement, and any Loan Document which does not itself expressly identify the law that is to apply to it, will be governed by the laws of the Commonwealth of Virginia (without regard to choice of law principles), except that at all times the provisions of this Loan Agreement relating solely to the creation, perfection, priority and enforcement of any security interest created pursuant to this Loan Agreement (collectively, “Security Interest Provisions”), that relate to the Property Jurisdiction shall be governed by and construed according to the law of the Property Jurisdiction. (b) Borrower . Xxxxxxxx agrees that any controversy arising under or in relation to the Note, this Loan Agreement (except for a controversy relating to Security Interest Provisions, which shall be governed by and construed according to the law of the Property Jurisdiction and litigated in the Property Jurisdiction) or any other Loan Document may be litigated in the Commonwealth of Virginia. The state and federal courts and authorities with jurisdiction in the Commonwealth of Virginia (collectively, “Virginia Courts”), will have jurisdiction over all controversies that may arise under or in relation to the Note, this Loan Agreement (except for any controversy relating to the Security Interest Provisions and/or enforcement actions arising under this Loan Agreement that relate to the Property Jurisdiction, which shall be governed by and construed according to the law of the Property Jurisdiction) or any other Loan Document. Borrower irrevocably consents to service, jurisdiction and venue of such courts for any such litigation and waives any other venue to which it might be entitled by virtue of domicile, habitual residence or otherwise in connection with any such controversy. The Borrower also expressly and irrevocably waives any other objection that the Borrower may now or hereafter have to the venue of any suit, action or proceeding brought in connection with any such controversy in any of the Virginia Courts and any claim that any such suit, action, or proceeding brought in any of the Virginia Courts has been brought in an inconvenient forum. However, nothing in this Section 11.02 is intended to limit LenderXxxxxx’s right to bring any suit, action or proceeding relating to matters under this Loan Agreement or the other Loan Documents in any court of any other jurisdiction including, without limitation, any suit, action or proceeding which may be brought in the Property Jurisdiction in accordance with the terms of this Loan Agreement or the other Loan Documents. Final judgment in any of the Virginia Courts shall be conclusive and binding on the Borrower and may be enforced in any court in which the Borrower is subject to jurisdiction by any method permitted by the law of such jurisdiction including, without limitation, a suit upon such judgment provided that service of process is effected as provided herein or as otherwise permitted by applicable laws.. 39. Section 11.03 is modified to read as follows:

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)

Governing Law; Consent to Jurisdiction and Venue. (a) This Loan Agreement, and any Loan Document which does not itself expressly identify the law that is to apply to it, will be governed by the laws of the Commonwealth of Virginia (without regard to choice of law principles), except that at all times the provisions of this Loan Agreement relating solely to the creation, perfection, priority and enforcement of any security interest created pursuant to this Loan Agreement (collectively, “Security Interest Provisions”), that relate to the Property Jurisdiction shall be governed by and construed according to the law of the Property Jurisdiction. (b) Borrower . Xxxxxxxx agrees that any controversy arising under or in relation to the Note, this Loan Agreement (except for a controversy relating to Security Interest Provisions, which shall be governed by and construed according to the law of the Property Jurisdiction and litigated in the Property Jurisdiction) or any other Loan Document may be litigated in the Commonwealth of Virginia. The state and federal courts and authorities with jurisdiction in the Commonwealth of Virginia (collectively, “Virginia Courts”), will have jurisdiction over all controversies that may arise under or in relation to the Note, this Loan Agreement (except for any controversy relating to the Security Interest Provisions and/or enforcement actions arising under this Loan Agreement that relate to the Property Jurisdiction, which shall be governed by and construed according to the law of the Property Jurisdiction) or any other Loan Document. Borrower irrevocably consents to service, jurisdiction and venue of such courts for any such litigation and waives any other venue to which it might be entitled by virtue of domicile, habitual residence or otherwise in connection with any such controversy. The Borrower also expressly and irrevocably waives any other objection that the Borrower may now or hereafter have to the venue of any suit, action or proceeding brought in connection with any such controversy in any of the Virginia Courts and any claim that any such suit, action, or proceeding brought in any of the Virginia Courts has been brought in an inconvenient forum. However, nothing in this Section 11.02 is intended to limit LenderXxxxxx’s right to bring any suit, action or proceeding relating to matters under this Loan Agreement or the other Loan Documents in any court of any other jurisdiction including, without limitation, any suit, action or proceeding which may be brought in the Property Jurisdiction in accordance with the terms of this Loan Agreement or the other Loan Documents. Final judgment in any of the Virginia Courts shall be conclusive and binding on the Borrower and may be enforced in any court in which the Borrower is subject to jurisdiction by any method permitted by the law of such jurisdiction including, without limitation, a suit upon such judgment provided that service of process is effected as provided herein or as otherwise permitted by applicable laws.

Appears in 1 contract

Samples: Multifamily Loan and Security Agreement (Steadfast Apartment REIT, Inc.)

Governing Law; Consent to Jurisdiction and Venue. (a) This Loan AgreementAgreement shall be deemed to be made in and in all respects shall be interpreted, construed and any Loan Document which does not itself expressly identify the law that is to apply to it, will be governed by and in accordance with the laws of the Commonwealth State of Virginia (Delaware without regard to choice the conflicts of law principlesprinciples thereof. Except as set out below, each of the parties hereto hereby irrevocably and unconditionally (i) consents to submit to the sole and exclusive jurisdiction of the courts of the State of Delaware or any court of the United States located in the State of Delaware (the “Delaware Courts”) for any litigation arising out of or relating to this Agreement, or the negotiation, validity or performance of this Agreement, or the transactions contemplated hereby (and agrees not to commence any litigation relating thereto except in such courts), except that at all times the provisions of this Loan Agreement relating solely (ii) waives any objection to the creation, perfection, priority and enforcement laying of any security interest created pursuant to this Loan Agreement (collectively, “Security Interest Provisions”), that relate to the Property Jurisdiction shall be governed by and construed according to the law of the Property Jurisdiction. (b) Borrower agrees that any controversy arising under or in relation to the Note, this Loan Agreement (except for a controversy relating to Security Interest Provisions, which shall be governed by and construed according to the law of the Property Jurisdiction and litigated in the Property Jurisdiction) or any other Loan Document may be litigated in the Commonwealth of Virginia. The state and federal courts and authorities with jurisdiction in the Commonwealth of Virginia (collectively, “Virginia Courts”), will have jurisdiction over all controversies that may arise under or in relation to the Note, this Loan Agreement (except for any controversy relating to the Security Interest Provisions and/or enforcement actions arising under this Loan Agreement that relate to the Property Jurisdiction, which shall be governed by and construed according to the law of the Property Jurisdiction) or any other Loan Document. Borrower irrevocably consents to service, jurisdiction and venue of such courts for any such litigation in the Delaware Courts and waives any other venue (iii) agrees not to which it might be entitled by virtue of domicile, habitual residence plead or otherwise in connection with any such controversy. The Borrower also expressly and irrevocably waives any other objection that the Borrower may now or hereafter have to the venue of any suit, action or proceeding brought in connection with any such controversy claim in any of the Virginia Courts and any claim Delaware Court that any such suit, action, or proceeding litigation brought in any of the Virginia Courts therein has been brought in an any inconvenient forum. HoweverEACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, nothing in this Section 11.02 is intended to limit Lender’s right to bring any suitAND THEREFORE EACH SUCH PARTY HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT SUCH PARTY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT. EACH PARTY CERTIFIES AND ACKNOWLEDGES THAT (i) NO REPRESENTATIVE, action or proceeding relating to matters under this Loan Agreement or the other Loan Documents in any court of any other jurisdiction includingAGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, without limitationEXPRESSLY OR OTHERWISE, any suitTHAT SUCH OTHER PARTY WOULD NOT, action or proceeding which may be brought in the Property Jurisdiction in accordance with the terms of this Loan Agreement or the other Loan Documents. Final judgment in any of the Virginia Courts shall be conclusive and binding on the Borrower and may be enforced in any court in which the Borrower is subject to jurisdiction by any method permitted by the law of such jurisdiction includingIN THE EVENT OF LITIGATION, without limitationSEEK TO ENFORCE THE FOREGOING WAIVER, a suit upon such judgment provided that service of process is effected as provided herein or as otherwise permitted by applicable laws(ii) EACH PARTY UNDERSTANDS AND HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (iii) EACH PARTY MAKES THIS WAIVER VOLUNTARILY AND (iv) EACH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 17.

Appears in 1 contract

Samples: Escrow Agreement (GL Partners Capital Management LTD)

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