Common use of Governing Law; Jurisdiction; Jury Trial Waiver; Waiver of Immunity Clause in Contracts

Governing Law; Jurisdiction; Jury Trial Waiver; Waiver of Immunity. This Agreement shall be construed in accordance with the laws of the State of New York. The State of New York shall be deemed to be the Securities Intermediary’s jurisdiction for purposes of the UCC (including, without limitation, Section 8-110 thereof). Each Party hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each of the Parties hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such federal court. Each of the Parties agrees that a final judgment in any such action or proceeding shall be conclusive. Each Party hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any New York State or federal court. Each Party hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. Each party hereto hereby unconditionally and irrevocably waives any and all right to trial by jury in any action, suit, counterclaim, or cross claim arising in connection with, out of, or otherwise relating to this Agreement, the Collateral, or any transaction or agreement arising therefrom or related thereto. If Pledgor or its property is now, or in the future becomes, entitled to any immunity, whether characterized as sovereign or otherwise (including, without limitation, immunity from set-off, from service of process, from jurisdiction of any court or tribunal, from attachment in aid of execution, from attachment prior to the entry of a judgment, or from execution upon a judgment) in any legal proceeding in Federal or State courts in the United States of America, or in the courts of the country where Pledgor is chartered, or in the courts of the country in which Pledgor principally conducts its business, then Pledgor expressly and irrevocably waives, to the maximum extent permitted by law, any such immunity. To the extent Pledgor receives any such entitlement in the future, Pledgor shall promptly notify Secured Party of such entitlement.

Appears in 2 contracts

Samples: Master Investment and Credit Agreement, Master Investment and Credit Agreement (American International Group Inc)

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Governing Law; Jurisdiction; Jury Trial Waiver; Waiver of Immunity. (a) This Agreement shall be construed in accordance with the laws of the State of New York. The In connections with its activities hereunder (including as a securities intermediary), the State of New York shall be deemed to be the Securities IntermediaryCustodian’s jurisdiction for purposes of the UCC (including, without limitation, Section 8-110 thereof). . (b) Each Party party hereby irrevocably and unconditionally submits, unconditionally: (i) submits for itself and its property, to the exclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof, property in any legal action or proceeding arising out of or relating to this Agreement, or for recognition or and enforcement of any judgmentjudgment in respect thereof, to the exclusive jurisdiction of the courts of the United States for the Southern District of New York, and each of appellate courts thereof; provided that notwithstanding the Parties hereby irrevocably and unconditionally agrees that all claims foregoing, if there is no basis for federal jurisdiction in respect of any such legal action or proceeding or recognition and enforcement action, then each party submits for itself and its property in any such legal action or proceeding or recognition and enforcement action to the exclusive jurisdiction of the courts of the State of New York located in the Borough of Manhattan in New York City, and appellate courts thereof; (ii) consents that any such action or proceeding may be heard and determined brought only in such New York State orcourts and waives, to the maximum extent not prohibited by law, any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; (iii) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid return receipt requested, to Secured Party, Custodian or Administrator, as the case may, at its address in each case as set forth in Article VIII or at such other address of which the parties hereto shall have been notified pursuant thereto; (iv) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law, in such federal court. Each of the Parties ; (v) agrees that a final judgment in any such action or proceeding shall be conclusive. Each Party hereby irrevocably conclusive and unconditionally waives, to may be enforced in another jurisdiction by suit on the fullest extent it may legally and effectively do so, any objection that it may now judgment or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any New York State or federal court. Each Party hereto hereby irrevocably waives, to the fullest extent permitted other matter provided by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. Each party hereto hereby unconditionally and irrevocably waives any and all right to trial by jury in any action, suit, counterclaim, or cross claim arising in connection with, out of, or otherwise relating to this Agreement, the Collateral, or any transaction or agreement arising therefrom or related thereto. If Pledgor or its property is now, or in the future becomes, entitled to any immunity, whether characterized as sovereign or otherwise (including, without limitation, immunity from set-off, from service of process, from jurisdiction of any court or tribunal, from attachment in aid of execution, from attachment prior to the entry of a judgment, or from execution upon a judgment) in any legal proceeding in Federal or State courts in the United States of America, or in the courts of the country where Pledgor is chartered, or in the courts of the country in which Pledgor principally conducts its business, then Pledgor expressly and irrevocably waives, to the maximum extent permitted by law, any such immunity. To the extent Pledgor receives any such entitlement in the future, Pledgor shall promptly notify Secured Party of such entitlement.;

Appears in 2 contracts

Samples: Collateral Custody and Administration Agreement, Collateral Custody and Administration Agreement

Governing Law; Jurisdiction; Jury Trial Waiver; Waiver of Immunity. (a) This Agreement shall be construed in accordance with the laws of the State of New York. The In connections with its activities hereunder (including as a securities intermediary), the State of New York shall be deemed to be the Securities Intermediary’s jurisdiction for purposes of the UCC (including, without limitation, Section 8-110 thereof). . (b) Each Party party hereby irrevocably and unconditionally submits, unconditionally: (i) submits for itself and its property, to the exclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof, property in any legal action or proceeding arising out of or relating to this Agreement, or for recognition or and enforcement of any judgmentjudgment in respect thereof, to the exclusive jurisdiction of the courts of the United States for the Southern District of New York, and each of appellate courts thereof; provided that notwithstanding the Parties hereby irrevocably and unconditionally agrees that all claims foregoing, if there is no basis for federal jurisdiction in respect of any such legal action or proceeding or recognition and enforcement action, then each party submits for itself and its property in any such legal action or proceeding or recognition and enforcement action to the exclusive jurisdiction of the courts of the State of New York located in the Borough of Manhattan in New York City, and appellate courts thereof; (ii) consents that any such action or proceeding may be heard and determined brought only in such New York State orcourts and waives, to the maximum extent not prohibited by law, any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; (iii) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid return receipt requested, to Pledgor, Secured Party or Securities Intermediary, as the case may, at its address in each case as set forth in Article V, Section 2 or at such other address of which the parties hereto shall have been notified pursuant thereto; (iv) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law, in such federal court. Each of the Parties ; (v) agrees that a final judgment in any such action or proceeding shall be conclusive. Each Party hereby irrevocably conclusive and unconditionally may be enforced in another jurisdiction by suit on the judgment or in any other matter provided by law; (vi) waives, to the fullest maximum extent not prohibited by law, any right it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of claim or recover in any suit, legal action or proceeding arising out any special, indirect, exemplary, punitive or consequential damages of or relating to this Agreement in any New York State or federal court. Each Party hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. Each party hereto hereby unconditionally and irrevocably kind whatsoever (including for lost profits); and (vii) waives any and all right to trial by jury in any legal action, proceeding, suit, counterclaim, counterclaim or cross claim arising in connection with, with or out of, or otherwise relating to this Agreement, the Security Agreement, the Collateral, or any transaction or agreement arising therefrom or related thereto. If Pledgor or its property is now, or in the future becomes, entitled to any immunity, whether characterized as sovereign or otherwise (including, without limitation, immunity from set-off, from service of process, from jurisdiction of any court or tribunal, from attachment in aid of execution, from attachment prior to the entry of a judgment, or from execution upon a judgment) in any legal proceeding in Federal or State courts in the United States of America, or in the courts of the country where Pledgor is chartered, or in the courts of the country in which Pledgor principally conducts its business, then Pledgor expressly and irrevocably waives, to the maximum extent permitted by law, any such immunity. To the extent Pledgor receives any such entitlement in the future, Pledgor shall promptly notify Secured Party of such entitlement.

Appears in 1 contract

Samples: Collateral Account Control Agreement

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Governing Law; Jurisdiction; Jury Trial Waiver; Waiver of Immunity. This Agreement shall be construed in accordance with the laws of the State of New York. The State of New York shall be deemed to be the Securities Intermediary’s jurisdiction for purposes of the UCC (including, without limitation, Section 8-110 thereof). Each Party hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement, or for recognition or enforcement of any judgment, and each of the Parties Party hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such federal court. Each of the Parties Party agrees that a final judgment in any such action or proceeding shall be conclusive. Each Party hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any New York State or federal court. Each Party hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. Each party hereto Party hereby unconditionally and irrevocably waives any and all right to trial by jury in any action, suit, counterclaim, or cross claim arising in connection with, out of, or otherwise relating to this Agreement, the Collateral, or any transaction or agreement arising therefrom or related thereto. If Pledgor or its property is now, or in the future becomes, entitled to any immunity, whether characterized as sovereign or otherwise (including, without limitation, immunity from set-off, from service of process, from jurisdiction of any court or tribunal, from attachment in aid of execution, from attachment prior to the entry of a judgment, or from execution upon a judgment) in any legal proceeding in Federal or State courts in the United States of America, or in the courts of the country where Pledgor is chartered, or in the courts of the country in which Pledgor principally conducts its business, then Pledgor expressly and irrevocably waives, to the maximum extent permitted by law, any such immunity. To the extent Pledgor receives any such entitlement in the future, Pledgor shall promptly notify Secured Party of such entitlement.

Appears in 1 contract

Samples: Collateral Account Control Agreement (American International Group Inc)

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