Common use of Agreement as to Applicable Jurisdiction Clause in Contracts

Agreement as to Applicable Jurisdiction. Each Lien Grantor covenants that in respect of all Pledged Security Entitlements owned by such Lien Grantor, and all Securities Accounts to which the related Financial Assets are credited, the Securities Intermediary’s jurisdiction (determined as provided in UCC Section 8-110(e)) will at all times be located in the United States. In respect of all Commodity Contracts owned by such Lien Grantor and all Commodity Accounts in which such Commodity Contracts are carried, the Commodity Intermediary’s jurisdiction (determined as provided in UCC Section 9-305(b)) will at all times be located in the United States.

Agreement as to Applicable Jurisdiction. Each Lien Grantor (other than NNL) covenants that in respect of all Pledged Security Entitlements owned by such Lien Grantor, and all Securities Accounts to which the related Financial Assets are credited, the Securities Intermediary’s 's jurisdiction (determined as provided in UCC Section 8-110(e)) will at all times be located in the United States. In respect of all Commodity Contracts owned by such Lien Grantor (other than NNL) and all Commodity Accounts in which such Commodity Contracts are carried, the Commodity Intermediary’s 's jurisdiction (determined as provided in UCC Section 9-305(b305 (b)) will at all times be located in the United States.