Venue is proper in this judicial district pursuant to 28 U.S.C. § 1391(a) becauseJCC resides in this judicial district, and a substantial part of the events giving rise to the claimoccurred in this judicial district. In addition, pursuant to the express terms of the various loanagreements at issue in this case (discussed in detail below), JCC has submitted to venue in this judicial district.
Bank of America’s $2.5 Million Loan to JCC9.
On or about September 18, 2006, Bank of America and JCC entered into thatcertain Loan Agreement dated September 18, 2006 (the “$2.5 Million Loan Agreement”),whereby, among other things, Bank of America agreed to provide a $2,500,000 revolving line of credit to JCC (the “$2.5 Million Loan”), and JCC agreed to repay the $2.5 Million Loan, togetherwith interest, fees, costs and expenses as more fully set forth in the $2.5 Million LoanAgreement.10.
Following its execution, Bank of America and JCC entered into severalamendments to the $2.5 Million Loan Agreement, which, among other things, extended thematurity date for the $2.5 Million Loan.11.
On or about June 15, 2011, Bank of America and JCC entered into that certainLoan Agreement dated June 15, 2011 (the “Amended $2.5 Million Loan Agreement”), whichsuperseded the $2.5 Million Loan Agreement and provided, among other things, that the $2.5Million Loan was due and payable in full on September 30, 2011. A true and correct copy of theAmended $2.5 Million Loan Agreement is attached hereto as Exhibit A.
Case: 4:12-cv-00372-JAR Doc. #: 1 Filed: 03/01/12 Page: 3 of 9 PageID #: 3