Common use of Severability and Construction Clause in Contracts

Severability and Construction. If any provision of this Agreement shall be held by a court of competent jurisdiction to be illegal, invalid, or unenforceable, the remaining provisions shall remain in full force and effect if essential terms and conditions of this Agreement for each Party remain valid, binding, and enforceable.

Appears in 128 contracts

Sources: Restructuring Support Agreement (Ayr Wellness Inc.), Restructuring Support Agreement (Cutera Inc), Transaction Support Agreement (MultiPlan Corp)

Severability and Construction. If any provision of this Agreement shall be held by a court of competent jurisdiction to be illegal, invalid, or unenforceable, in whole or in part, the remaining provisions shall remain in full force and effect if essential terms and conditions effect. Upon any such determination of invalidity, the Parties shall negotiate in good faith to modify this Agreement for each Party remain valid, binding, and enforceableso as to effect the original intent of the Parties as closely as possible in a reasonably acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible.

Appears in 18 contracts

Sources: Plan Support Agreement (Garrett Motion Inc.), Plan Support Agreement (Garrett Motion Inc.), Plan Support Agreement (Garrett Motion Inc.)

Severability and Construction. If any provision of this Agreement shall be held by a court of competent jurisdiction to be illegal, invalid, or unenforceable, the remaining provisions shall remain in full force and effect if essential terms and conditions of this Agreement for each Party party remain valid, binding, and enforceable.

Appears in 8 contracts

Sources: Subscription Agreement (5E Advanced Materials, Inc.), Subscription Agreement (5E Advanced Materials, Inc.), Securities Subscription Agreement (5E Advanced Materials, Inc.)

Severability and Construction. If any provision of this Agreement shall be held by a court of competent jurisdiction to be illegal, invalid, invalid or unenforceable, the remaining provisions shall remain in full force and effect if the essential terms and conditions of this Agreement for each Party remain valid, binding, and enforceable.

Appears in 5 contracts

Sources: Restructuring Support Agreement (Ultrapetrol Bahamas LTD), Settlement Agreement, Plan Support Agreement (General Maritime Corp / MI)

Severability and Construction. If any provision of this Agreement shall is determined to be held invalid, unenforceable, or unlawful by a court of competent jurisdiction to be illegal, invalid, or unenforceablejurisdiction, the remaining other provisions of this Agreement shall remain in full force and effect if essential terms and conditions of this Agreement for each Party remain valid, bindingeffect, and enforceablethe provisions that are determined to be invalid, unenforceable, or unlawful will either be limited or reformed so that they will remain in effect to the fullest extent allowed by law.

Appears in 4 contracts

Sources: Chief Executive Officer Employment Agreement, Employment Agreement (Snipp Interactive Inc.), Employment Agreement (Snipp Interactive Inc.)

Severability and Construction. If any provision of this Agreement shall be held by a court of competent jurisdiction to be illegal, invalid, or unenforceable, the remaining provisions shall remain in full force and effect if the essential terms and conditions of this Agreement for each Party remain valid, binding, and enforceable.

Appears in 3 contracts

Sources: Transaction Support Agreement (Carvana Co.), Restructuring Support Agreement (Gastar Exploration Inc.), Hedge Party Restructuring Support Agreement (Gastar Exploration Inc.)

Severability and Construction. If any provision of this Agreement shall be is held by a court of competent jurisdiction to be illegal, invalid, or unenforceableunenforceable by a court of competent jurisdiction, the remaining provisions shall remain in full force and effect if essential terms and conditions of this Agreement for each Party remain valid, binding, and enforceablemay be enforced to the fullest extent permitted by law.

Appears in 2 contracts

Sources: Dismissal Agreement, Mutual Release of Claims

Severability and Construction. If any provision of this Agreement AGREEMENT shall be held by a court of competent jurisdiction to be illegal, invalid, invalid or unenforceable, the remaining provisions shall remain in full force and effect if the essential terms and conditions of this Agreement AGREEMENT for each Party PARTY remain valid, binding, binding and enforceable.

Appears in 2 contracts

Sources: Settlement Agreement, Settlement Agreement

Severability and Construction. If any provision of this Agreement shall be held by a court of competent jurisdiction to be illegal, invalid, or unenforceable, the remaining provisions shall remain in full force and effect if essential effect. This Agreement has been negotiated by the Parties and their respective counsel and shall be interpreted fairly in accordance with its terms and conditions without any strict construction in favor of this Agreement for each Party remain valid, binding, and enforceableor against any Party.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Rodedawg International Industries, Inc.), Share Purchase Agreement (Rodedawg International Industries, Inc.)

Severability and Construction. If any provision of this Agreement shall be held by a court of competent jurisdiction to be illegal, invalid, invalid or unenforceable, the remaining provisions shall remain in full force and effect if the essential terms and conditions of this Agreement for each Party remain valid, binding, and enforceable. 29.

Appears in 1 contract

Sources: Restructuring Support Agreement

Severability and Construction. If any provision of this Amended Agreement shall be held by a court of competent jurisdiction to be illegal, invalid, or unenforceable, in whole or in part, the remaining provisions shall remain in full force and effect. Upon any such determination of invalidity, the Parties shall negotiate in good faith to modify this Amended Agreement so as to effect if essential terms and conditions the original intent of this Agreement for each Party remain valid, binding, and enforceablethe Parties as closely as possible in a reasonably acceptable manner in order that the transactions contemplated hereby are consummated as originally contemplated to the greatest extent possible.

Appears in 1 contract

Sources: Restructuring Support Agreement (Breitburn Energy Partners LP)

Severability and Construction. If any provision of this Agreement shall be held by a court of competent jurisdiction to be illegal, invalid, invalid or unenforceable, the remaining provisions of this Agreement shall remain in full force and effect if essential terms and conditions of this Agreement for each Party remain valid, binding, binding and enforceable.

Appears in 1 contract

Sources: Restructuring Support and Lock Up Agreement

Severability and Construction. If any provision of this Agreement shall be held by a court of competent jurisdiction to be illegal, invalid, or unenforceable, the remaining provisions shall remain in full force and effect if essential terms and conditions of this Agreement for each Party remain valid, binding, and enforceableand.

Appears in 1 contract

Sources: Plan Support and Lock Up Agreement

Severability and Construction. If any provision of this Agreement shall be held by a court of competent jurisdiction to be illegal, invalid, or unenforceable, the remaining provisions shall remain in full force and effect if essential terms and conditions of this Agreement for each Party remain valid, binding, and enforceable.

Appears in 1 contract

Sources: Restructuring Support Agreement (CBL & Associates Limited Partnership)