Common use of Severability and Invalid Provisions Clause in Contracts

Severability and Invalid Provisions. If any provision of this Agreement is held to be illegal, invalid or unenforceable under present or future laws effective during the term hereof, such provision shall be fully severable; and this Agreement shall be construed and enforced as if such illegal, invalid or unenforceable provision had never comprised a part hereof; and the remaining provisions hereof shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable provision or by its severance herefrom. Furthermore, in lieu of such illegal, invalid or unenforceable provision(s) there shall be added automatically as a part of this Agreement a provision as similar in terms to such illegal, invalid, or unenforceable provision as may be possible and be legal, valid and enforceable and that shall not be more restrictive than the one severed herefrom.

Appears in 1 contract

Sources: Loan Agreement (Dynamic Materials Corp)

Severability and Invalid Provisions. If any provision of this Agreement is held to be illegal, invalid invalid, or unenforceable under present or future laws effective during the term hereof, such provision shall be fully severable; and this Agreement shall be construed and enforced as if such illegal, invalid invalid, or unenforceable provision had never comprised a part hereof; and the remaining provisions hereof shall remain in full force and effect and shall not be affected by the illegal, invalid invalid, or unenforceable provision or by its severance herefrom. Furthermore, in lieu of such illegal, invalid invalid, or unenforceable provision(s) provisions there shall be added automatically as a part of this Agreement a provision as similar in terms to such illegal, invalid, or unenforceable provision as may be possible and be legal, valid valid, and enforceable and that shall not be more restrictive than the one severed herefrom.

Appears in 1 contract

Sources: Purchase and Sale Agreement (Cynet Inc)

Severability and Invalid Provisions. If any provision of this Agreement is held to be illegal, invalid invalid, or unenforceable under present or future laws effective during the term hereof, such provision shall be fully severable; severable and this Agreement shall be construed and enforced as if such illegal, invalid invalid, or unenforceable provision had never comprised a part hereof; and the . The remaining provisions hereof shall remain in full force and effect and shall not be affected by the illegal, invalid invalid, or unenforceable provision or by its severance herefrom. Furthermore, in lieu of such illegal, invalid invalid, or unenforceable provision(s) provisions there shall be added automatically as a part of this Agreement a provision as similar in terms to such illegal, invalid, or unenforceable provision as may be possible and be legal, valid valid, and enforceable and that shall not be more restrictive than the one severed herefrom.

Appears in 1 contract

Sources: Loan Agreement (Esoft Inc)