Non-Severability. Each of the provisions of this Agreement is integrated with and integral to the whole and shall not be severable from the remainder of the Agreement. In the event that any provision of this Agreement, the Senior Preferred Stock or the Warrant is determined to be illegal or unenforceable, then Purchaser may, in its sole discretion, by written notice to Conservator and Seller, declare this Agreement null and void, whereupon all transfers hereunder (including the issuance of the Senior Preferred Stock and the Warrant and any funding of the Commitment) shall be rescinded and unwound and all obligations of the parties (other than to effectuate such rescission and unwind) shall immediately and automatically terminate.
Appears in 8 contracts
Sources: Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement
Non-Severability. Each of the provisions of this Agreement is integrated with and integral inte- gral to the whole and shall not be severable from the remainder of the Agreement. In the event that any provision of this Agreement, the Senior Preferred Stock or the Warrant is determined to be illegal or unenforceable, then Purchaser may, in its sole discretion, by written notice to Conservator Con- servator and Seller, declare this Agreement null and void, whereupon all transfers hereunder (including in- cluding the issuance of the Senior Preferred Stock and the Warrant and any funding of the CommitmentCom- mitment) shall be rescinded and unwound and all obligations of the parties (other than to effectuate effectu- ate such rescission and unwind) shall immediately and automatically terminate.
Appears in 6 contracts
Sources: Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement