Common use of CHOICE OF LAW & FORUM Clause in Contracts

CHOICE OF LAW & FORUM. (a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefore in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law.

Appears in 7 contracts

Samples: Membership Interest Purchase Agreement (MVP REIT II, Inc.), Equity Participation Agreement (BrightSource Energy Inc), Equity Participation Agreement (BrightSource Energy Inc)

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CHOICE OF LAW & FORUM. (a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefore therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured and to interpret and enforce the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law.

Appears in 3 contracts

Samples: Lease Number   Well   Lease (Trans Energy Inc), Transition Agreement (QTS Realty Trust, Inc.), Purchase and Sale Agreement (Morgans Hotel Group Co.)

CHOICE OF LAW & FORUM. (a) Choice of Law: The Insured Assured acknowledges the Company has underwritten the risks covered by this policy Guarantee and determined the premium charged therefore therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, or enforcement of policies of title insurance Guaranties of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured Assured and to interpret and enforce the terms of this policyGuarantee. In neither case shall the court or arbitrator apply its conflicts of law principles to determine the applicable law.

Appears in 1 contract

Samples: Site Lease

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CHOICE OF LAW & FORUM. (a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefore therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies, remedies or enforcement of policies of title insurance of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured Insured, and to interpret in interpreting and enforce enforcing the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of law laws principles to determine the applicable law.

Appears in 1 contract

Samples: Contract of Sale (Franklin Street Properties Corp /Ma/)

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