Suits or Actions Clause Samples
The "Suits or Actions" clause defines the procedures and requirements for initiating legal proceedings related to the contract. It typically outlines where and how lawsuits or legal actions must be filed, such as specifying the appropriate court jurisdiction or requiring written notice before a suit can be brought. This clause ensures that both parties understand the proper legal channels for resolving disputes, thereby promoting orderly dispute resolution and reducing the risk of confusion or forum shopping.
Suits or Actions. (Section 5.16): Describe on a separate sheet any matters requiring advice to Agent Bank under Section 5.16. ______________
Suits or Actions. (Section 5.17): Describe on a separate sheet any matters requiring advice to Banks under Section 5.17. _____________
Suits or Actions. (Section 5.15): Describe on a separate sheet any matters requiring advice to Lender under Section 5.15. _________ E.