No Sovereign Immunity. The Borrower is subject to private commercial law and to suit in connection with matters relating to this Agreement, the Note and the other Loan Documents, and neither it nor any of its property has any right to immunity from suit or attachment on the grounds of sovereignty or on any other grounds. The execution, delivery and performance by the Borrower of this Agreement, the Note and the other Loan Documents constitute its commercial acts, which are related to its commercial activities.
Appears in 2 contracts
Samples: Loan and Security Agreement (Overseas Shipholding Group Inc), Loan and Security Agreement (Overseas Shipholding Group Inc)
No Sovereign Immunity. The Borrower It is subject to private commercial law and to suit in connection with matters relating to this Agreement, the Note and the other Loan Documents, and neither it nor any of its property or assets has any right to immunity from suit or attachment on the grounds of sovereignty or on any other grounds. The execution, delivery and performance by the Borrower of this Agreement, the Note and the other Loan Documents constitute its commercial acts, which are related to its commercial activities.
Appears in 2 contracts
Samples: Loan and Security Agreement (Pangaea Logistics Solutions Ltd.), Loan and Security Agreement (Pangaea Logistics Solutions Ltd.)
No Sovereign Immunity. The Borrower It is subject to private commercial law and to suit in connection with all matters relating to this Agreement, the Term Loan Note and the other Loan Documents, and neither it nor any of its property has any right to immunity from suit or attachment on the grounds of sovereignty or on any other grounds. The execution, delivery and performance by the Borrower it of this Agreement, the Term Loan Note and the other Loan Documents to which it is a party constitute its commercial acts, which are related to its commercial activities.
Appears in 1 contract
No Sovereign Immunity. The Borrower It is subject to private commercial law and to suit in connection with matters relating to this Agreement, the Note and the other Loan Documents, and neither it nor any of its property has any right to immunity from suit or attachment on the grounds of sovereignty or on any other grounds. The execution, delivery and performance by the Borrower of this Agreement, Agreements the Note and the other Loan Documents constitute its commercial actsacts by it, which are related to in connection with its commercial activities.
Appears in 1 contract
Samples: Loan and Security Agreement (Leisure Time Casinos & Resorts Inc)
