Obligors’ process agent Clause Samples

Obligors’ process agent. Each Obligor irrevocably appoints Danaos Management Consultants (UK) Limited as the process agent (the “Obligor’s Agent”), now of ▇ ▇▇▇▇▇▇ ▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇, as its agent to accept service of process in England in any Dispute (whether that Dispute is to be resolved by arbitration or litigation), provided that: (a) service upon the Obligor’s Agent shall be deemed valid service upon the relevant Obligor whether or not the process is forwarded to or received by that Obligor; (b) an Obligor shall inform all other Parties, in writing, of any change in the address of the Obligor’s Agent within 28 days of such change; (c) if the Obligor’s agent ceases to be able to act as a process agent or to have an address in England, each Obligor irrevocably agrees to appoint a new process agent in England acceptable to the other Parties to the Agreement and to deliver to the other Parties to the Agreement within 14 days a copy of a written acceptance of appointment by the new process agent; and (d) nothing in this Agreement shall affect the right to serve process in any other manner permitted by law.