Venue Limitation for TIPS Sales Clause Samples
The Venue Limitation for TIPS Sales clause designates specific locations or jurisdictions where Treasury Inflation-Protected Securities (TIPS) can be sold or where disputes related to such sales must be resolved. In practice, this clause may restrict sales to certain states, countries, or approved exchanges, or require that any legal proceedings arising from TIPS transactions occur in a predetermined court or venue. Its core function is to provide certainty and manage legal risk by clearly establishing the permissible venues for sales and dispute resolution, thereby reducing ambiguity and potential jurisdictional conflicts.
Venue Limitation for TIPS Sales. Vendor agrees that if any "Venue" provision is included in any TIPS Sale Agreement/contract between Vendor and a TIPS Member, that clause must provide that the "Venue" for any litigation or alternative dispute resolution shall be in the state and county where the TIPS Member operates unless the TIPS Member expressly agrees otherwise. Any TIPS Sale Supplemental Agreement containing a “Venue” clause that conflicts with these terms is rendered void and unenforceable.
Venue Limitation for TIPS Sales. Vendor agrees that if any "Venue" provision is included in any TIPS Sale Agreement/contract between Vendor and a TIPS Member, that clause must provide that the "Venue" for any litigation or alternative dispute resolution shall be in the state and county where the TIPS Member operates unless the TIPS Member expressly agrees otherwise. Any TIPS Sale 50. Indemnity Limitation for TIPS Sales. Texas and other jurisdictions restrict the ability of governmental entities to indemnify others. Vendor agrees that if any "Indemnity" provision which requires the TIPS Member to indemnify Vendor is included in any TIPS sales agreement/contract between Vendor and a TIPS Member, that clause must either be stricken or qualified by including that such