Submission to Jurisdiction Clause Example from Business Contracts

Submission to Jurisdiction. No claim may be commenced, prosecuted or continued in any court other than the courts of the State of New York located in the City and County of New York or in the United States District Court for the Southern District of New York, which courts shall have jurisdiction over the adjudication of such matters, and the Sellers each consent to the jurisdiction of such courts and personal service with respect thereto. The Sellers hereby consent to personal jurisdiction, service and venue in any court i...n which any claim arising out of or in any way relating to this Agreement is brought by any third party against any Underwriter or any indemnified party. Each Underwriter and each of the Sellers (on its behalf and, to the extent permitted by applicable law, on behalf of its securityholders and affiliates) waive all right to trial by jury in any action, proceeding or counterclaim (whether based upon contract, tort or otherwise) in any way arising out of or relating to this Agreement. The Sellers each agree that a final judgment in any such action, proceeding or counterclaim brought in any such court shall be conclusive and binding upon such Seller and may be enforced in any other courts to the jurisdiction of which such Seller is or may be subject, by suit upon such judgment. View More