No Sovereignty Sample Clauses
The No Sovereignty clause establishes that the agreement does not grant or recognize any sovereign rights or authority to any party involved. In practice, this means that entering into the contract does not affect the legal status, independence, or territorial claims of any party, and it cannot be interpreted as a waiver or transfer of sovereignty. This clause is essential for preventing misunderstandings or disputes over jurisdiction and ensuring that the agreement is strictly commercial or operational in nature, without political or territorial implications.
No Sovereignty. Neither the Borrower nor or any of its assets, properties or revenues has any right of immunity on the grounds of sovereignty or otherwise from jurisdiction of any court or from setoff or any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the Applicable Law of any jurisdiction.
No Sovereignty. Neither any Loan Party nor or any of its assets, properties or revenues has any right of immunity on the grounds of sovereignty or otherwise from jurisdiction of any court or from setoff or any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the Law of any jurisdiction.
No Sovereignty. Neither the Seller nor or any of the Transferred Assets has any right of immunity on the grounds of sovereignty or otherwise from jurisdiction of any court or from setoff or any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the Applicable Law of any jurisdiction.