Common use of Judicial Proceeding Clause in Contracts

Judicial Proceeding. The parties agree that New York has a substantial relationship to the Distributions, and each party consents to personal jurisdiction in the courts of New York and further agree that all claims or controversies between the parties arising out of or relating to this Agreement, other than those provided for in Section 7.1, shall be finally determined by the federal and state courts sitting in New York, New York.