Designated Jurisdiction Sample Clauses
A Designated Jurisdiction clause specifies the particular court system or geographic location where any legal disputes arising from the contract must be resolved. In practice, this means that if a disagreement occurs, both parties agree in advance to submit to the authority of courts in a specified city, state, or country, regardless of where the parties are located or where the contract was performed. This clause provides predictability and convenience by preventing disputes over where lawsuits can be filed, thereby reducing uncertainty and potential legal costs.
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Designated Jurisdiction. The definition of “Designated Jurisdiction” is added to read as follows:
Designated Jurisdiction any country or territory to the extent that such country or territory is the subject of any Sanction. Disposition or Dispose: any direct or indirect conveyance, sale, lease, sublease, assignment, transfer or other disposition (including any sale and leaseback transaction) of any Property excluding (a) sales of inventory and dispositions of Cash Equivalents, in each case, in the Ordinary Course of Business, by the U.S. Borrower or any of its Subsidiaries and (b) the disposition of any Equity Interests in or assets or property of an Unrestricted Subsidiary.
Designated Jurisdiction. At any time, a country, territory or region which is, or whose government is, the subject or target of any Sanctions.
Designated Jurisdiction. Any country or territory to the extent that such country or territory itself is the subject of any Sanction (at the date hereof, Cuba, Iran, North Korea, Sudan and Syria).
Designated Jurisdiction. The Company shall not, and shall not permit any Subsidiary to, liquidate or dissolve itself or otherwise wind up its business, except any Subsidiary may liquidate or dissolve if all of its assets are transferred to the Company or another Subsidiary in compliance with Section 7.02(e)-(g) (provided the Administrative Agent receives at least 30 days’ prior written notice if such Subsidiary is a Loan Party).
Designated Jurisdiction. Any country, region or territory to the extent that such country, region or territory itself is the subject of any Sanction. Designating Lender. See §18(h).
Designated Jurisdiction. The Company and its Subsidiaries have conducted their businesses in compliance with all applicable Sanctions in jurisdictions in which the Company or any such Subsidiary is domiciled or conducts business and have instituted and maintained policies and procedures reasonably designed to promote and achieve compliance with such Sanctions.
Designated Jurisdiction. The definition of “Designated Jurisdiction” is added to read as follows: “Designated Jurisdiction” means any country or territory to the extent that such country or territory itself is the subject of any Sanction.
Designated Jurisdiction. Any country or territory to the extent that such country or territory itself is the subject of any Sanction. Disqualifying Environmental Event. Any Release or threatened Release of Hazardous Substances, any violation of Environmental Laws or any other similar environmental event with respect to any Real Estate that is reasonably likely to have a material adverse effect on the value of such Real Estate.
Designated Jurisdiction. Any country or territory to the extent that such country or territory itself is the subject of any Sanction issued by OFAC.