Jurisdictions; Immunities Clause Samples
The 'Jurisdictions; Immunities' clause defines which courts or legal systems have authority over disputes arising from the agreement and addresses any immunities from legal proceedings that may apply to the parties. In practice, this clause specifies the geographic or governmental jurisdiction where legal actions must be brought and may clarify whether any party claims immunity from lawsuits or enforcement actions, such as sovereign immunity for government entities. Its core function is to provide certainty about where and how disputes will be resolved and to preempt potential conflicts over legal authority or immunity claims, thereby reducing the risk of protracted jurisdictional disputes.
Jurisdictions; Immunities. The provisions of Section 12.15 of the Credit Agreement shall apply to this Amendment No. 1 and are hereby incorporated by reference.
