Common use of Action Against Escrow Agent Clause in Contracts

Action Against Escrow Agent. The parties to this Agreement hereby agree that no action, suit or proceeding shall be commenced against the Escrow Agent unless (a) the Escrow Agent shall first have been given thirty (30) days written notice of the claim and (b) the same is brought in a court of competent jurisdiction located in the County of New York, State of New York. With respect to any action, suit or proceeding in respect of this Agreement, the parties hereto waive trial by jury.