Common use of Recognition of Judgments Clause in Contracts

Recognition of Judgments. The courts of the Cayman Islands would recognize as a valid judgment, a final and conclusive judgment in personam obtained in the New York Courts against the Company based upon this Agreement under which a sum of money is payable (other than a sum of money payable in respect of multiple damages, taxes or other charges of a like nature or in respect of a fine or other penalty) or, in certain circumstances, an in personam judgment for non-monetary relief, and would give a judgment based thereon provided that (A) such courts had proper jurisdiction over the parties subject to such judgment; (B) such courts did not contravene the rules of natural justice of the Cayman Islands; (C) such judgment was not obtained by fraud; (D) the enforcement of the judgment would not be contrary to the public policy of the Cayman Islands; (E) no new admissible evidence relevant to the action is submitted prior to the rendering of the judgment by the courts of the Cayman Islands; and (F) there is due compliance with the correct procedures under the laws of the Cayman Islands.

Recognition of Judgments. The courts of the Cayman Islands would recognize as a valid judgment, a final and conclusive judgment in personam obtained in the a New York Courts Court having jurisdiction under New York law against the Company based upon this Agreement under which a sum of money is payable (other than a sum of money payable in respect of multiple damages, taxes or other charges of a like nature or in respect of a fine or other penalty) or, in certain circumstances, an in personam judgment for non-monetary relief, and would give a judgment based thereon provided that (Aa) such courts had proper jurisdiction over the parties subject to such judgment; (Bb) such courts did not contravene the rules of natural justice of the Cayman Islands; (Cc) such judgment was not obtained by fraud; (Dd) the enforcement of the judgment would not be contrary to the public policy of the Cayman Islands; (Ee) no new admissible evidence relevant to the action is submitted prior to the rendering of the judgment by the courts of the Cayman Islands; and (Ff) there is due compliance with the correct procedures under the laws of the Cayman Islands.

Recognition of Judgments. The courts of the Cayman Islands would recognize as a valid judgment, a final and conclusive judgment in personam obtained in the New York Courts against the Company based upon this Agreement expressed to be governed by the New York Laws under which a sum of money is payable (other than a sum of money payable in respect of multiple damages, taxes or other charges of a like nature or in respect of a fine or other penalty) or, in certain circumstances, an in personam judgment for non-monetary relief, and would give a judgment based thereon provided that (Aa) such courts had proper jurisdiction over the parties subject to such judgment; (Bb) such courts did not contravene the rules of natural justice of the Cayman Islands; (Cc) such judgment was not obtained by fraud; (Dd) the enforcement of the judgment would not be contrary to the public policy of the Cayman Islands; (Ee) no new admissible evidence relevant to the action is submitted prior to the rendering of the judgment by the courts of the Cayman Islands; and (Ff) there is due compliance with the correct procedures under the laws of the Cayman Islands.

Recognition of Judgments. The courts of the Cayman Islands would recognize recognise as a valid judgment, a final and conclusive judgment in personam obtained in the New York Courts against the Company based upon this Agreement under which a sum of money is payable (other than a sum of money payable in respect of multiple damages, taxes or other charges of a like nature or in respect of a fine or other penalty) or, in certain circumstances, an in personam judgment for non-monetary relief, and would give a judgment based thereon provided that (Aa) such courts had proper jurisdiction over the parties subject to such judgment; (Bb) such courts did not contravene the rules of natural justice of the Cayman Islands; (Cc) such judgment was not obtained by fraud; (Dd) the enforcement of the judgment would not be contrary to the public policy of the Cayman Islands; (Ee) no new admissible evidence relevant to the action is submitted prior to the rendering of the judgment by the courts of the Cayman Islands; and (Ff) there is due compliance with the correct procedures under the laws of the Cayman Islands.