Common use of Proceedings in any other country Clause in Contracts

Proceedings in any other country. If it is decided by the Lender that any such proceedings should be commenced in any other country, then any objections as to the jurisdiction or any claim as to the inconvenience of the forum is hereby waived by the Borrower and it is agreed and undertaken by the Borrower to instruct lawyers in that country to accept service of legal process and not to contest the validity of such proceedings as far as the jurisdiction of the court or courts involved is concerned and the Borrower agrees that any judgment or order obtained in an English court shall be conclusive and binding on the Borrower and shall be enforceable without review in the courts of any other jurisdiction.

Appears in 8 contracts

Samples: Loan Agreement (Pyxis Tankers Inc.), Loan Agreement (Performance Shipping Inc.), Loan Agreement (Performance Shipping Inc.)

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Proceedings in any other country. If it is decided by the Lender that any such proceedings should be commenced in any other country, then any objections as to the jurisdiction or any claim as to the inconvenience of the forum is hereby waived by each of the Borrower Borrowers and it is agreed and undertaken by each of the Borrower Borrowers to instruct lawyers in that country to accept service of legal process and not to contest the validity of such proceedings as far as the jurisdiction of the court or courts involved is concerned and each of the Borrower Borrowers agrees that any judgment or order obtained in an English court shall be conclusive and binding on the Borrower Borrowers and shall be enforceable without review in the courts of any other jurisdiction.

Appears in 1 contract

Samples: Loan Agreement (Imperial Petroleum Inc./Marshall Islands)

Proceedings in any other country. If it is decided by the Lender Bank that any such proceedings should be commenced in any other country, then any objections as to the jurisdiction or any claim as to the inconvenience of the forum is hereby waived by each of the Borrower Borrowers and it is agreed and undertaken by each of the Borrower Borrowers to instruct lawyers in that country to accept service of legal process and not to contest the validity of such proceedings as far as the jurisdiction of the court or courts involved is concerned and each of the Borrower Borrowers agrees that any judgment judgement or order obtained in an English court shall be conclusive and binding on each of the Borrower Borrowers and shall be enforceable without review in the courts of any other jurisdiction.

Appears in 1 contract

Samples: Loan Agreement (NewLead Holdings Ltd.)

Proceedings in any other country. If it is decided by the Lender Bank that any such proceedings should be commenced in any other country, then any objections as to the jurisdiction or any claim as to the inconvenience of the forum is hereby waived by each of the Borrower Borrowers and it is agreed and undertaken by each of the Borrower Borrowers to instruct lawyers in that country to accept service of legal process and not to contest the validity of such proceedings as far as the jurisdiction of the court or courts involved is concerned and each of the Borrower Borrowers agrees that any judgment judgement or order obtained in an English court shall be conclusive and binding on the Borrower Borrowers (and each of them) and shall be enforceable without review in the courts of any other jurisdiction.

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

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Proceedings in any other country. If it is decided by the Lender Bank that any such proceedings should be commenced in any other country, then any objections as to the jurisdiction or any claim as to the inconvenience of the forum is hereby waived by each of the Borrower Borrowers and it is agreed and undertaken by each of the Borrower Borrowers to instruct lawyers in that country to accept service of legal process and not to contest the validity of such proceedings as far as the jurisdiction of the court or courts involved is concerned and each of the Borrower Borrowers agrees that any judgment or order obtained in an English court shall be conclusive and binding on the Borrower Borrowers and shall be enforceable without review in the courts of any other jurisdiction.

Appears in 1 contract

Samples: Loan Agreement (Euroseas Ltd.)

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