Controlling Jurisdiction definition
Controlling Jurisdiction means, with respect to any Asset, (a) the jurisdiction under the laws of which the Borrower is organized, and (b) any other jurisdiction recourse to the courts of which may be necessary for Agent on behalf of the Secured Parties to enforce their rights as creditors with a first priority perfected security interest the assets which constitute Pledged Collateral.
Controlling Jurisdiction means the public agency or organization that is authorized to control land uses and implement zoning laws and regula- tions.
Examples of Controlling Jurisdiction in a sentence
Each Party and/or Controlling Jurisdiction shall maintain its own insurance coverage for general liability, workers’ compensation, and such other coverage as may be required by law or deemed advisable by the individual Parties.