Invalidity or Illegality Clause Samples

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Invalidity or Illegality. In the event any provision of this Agreement is declared to be void, invalid or unlawful by any court or tribunal of competent jurisdiction, such provision shall be deemed severed from the remainder of this Agreement and the balance shall remain in full force and effect. The parties shall undertake to replace the invalid, ineffective, or unenforceable provisions with valid, effective, and enforceable provisions, which, in their commercial effect, approximate as closely as possible the intentions of the parties as expressed in the invalid, ineffective, or unenforceable provisions.
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Invalidity or Illegality. 28.1 If at any time any provision of this Agreement is or becomes illegal, invalid or unenforceable in any respect under the law of any jurisdiction (a “Relevant Event”), that shall not affect or impair: 28.1.1 the legality, validity or enforceability in that jurisdiction of any other provision of this Agreement; or **** indicates material omitted and filed separately with the Commission - 29 - 28.1.2 the legality, validity or enforceability under the law of any other jurisdiction of that or any other provision of this Agreement. 28.2 Immediately upon a party becoming aware of the occurrence or potential occurrence of a Relevant Event, each party shall use its reasonable endeavours to negotiate in good faith and settle within thirty (30) Business Days an agreement or provision which as closely as possible reflects the financial and commercial intent of the parties under this Agreement or under the relevant provision which is the subject of the Relevant Event.
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Invalidity or Illegality. If any one or more of the provisions contained in this Agreement shall be deemed invalid, unlawful or unenforceable in any respect under any applicable law, the validity, legality and enforceability of the remaining provisions contained herein shall not in any way be affected or impaired.
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Invalidity or Illegality. Should any provision of this Agreement for any reason be declared invalid or unenforceable, the remaining provisions shall not be invalidated but shall continue to be and remain of full force and effect.
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Invalidity or Illegality. Any illegality, invalidity, or unenforceability of any Obligation or any Loan Document.
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Related to Invalidity or Illegality

  • Invalidity Any provision of this Agreement which may be determined by competent authority to be prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. In such case, the parties shall in good faith modify or substitute such provision consistent with the original intent of the parties.