Option to Litigate Примери клазула

Option to Litigate. 18.3.1 Notwithstanding Clause 18.2 (Arbitration), the Lender may by notice (a "Litigation Notice") in writing to the Borrower require that all Disputes be litigated or a specific Dispute be litigated. 18.3.2 A Litigation Notice must specify the following: 18.3.2.1 that a Dispute has arisen; 18.3.2.2 the Parties involved in the Dispute; and 18.3.2.3 the nature of the Dispute to be settled by litigation. 18.3.3 A Litigation Notice may be served at any time following a Dispute arising, provided that if a Request (as defined in the Rules) has been served in relation to that Dispute, a Litigation Notice must be given by no later than 28 days after the service of the Request. 18.3.4 If a Litigation Notice is given by the Lender pursuant to this Clause 18.3, the Parties agree that: 18.3.4.1 the English courts have exclusive jurisdiction to settle any Dispute which is the subject of any such Litigation Notice and each Party submits to the exclusive jurisdiction of the English courts; 18.3.4.2 the English courts are the most appropriate and convenient courts to settle any such Dispute and accordingly each Party agrees not to argue to the contrary and waives objection to the English courts on the grounds of inconvenient forum or otherwise in relation to proceedings in connection with this Loan Agreement; and 18.3.4.3 the Parties cannot commence arbitration proceedings in relation to the Dispute(s) specified in the Litigation Notice and any arbitration proceedings commenced in relation to any such Disputes will be terminated. 18.3.5 This Clause 18.3 is for the benefit of the Lender only. To the extent permitted by law and subject to this Clause 18.3, the Lender: 18.3.5.1 will not be prevented from taking proceedings relating to a Dispute in any other court with jurisdiction; and 18.3.5.2 may take concurrent proceedings in any number of jurisdictions.