Common use of Severability and Modification Clause in Contracts

Severability and Modification. To the extent permitted by applicable law, the parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the parties’ bargain hereunder.

Appears in 19 contracts

Sources: Transition Agreement (Ichor Holdings, Ltd.), Transition and Separation Agreement (Global Medical REIT Inc.), Transition and Separation Agreement (Appfolio Inc)

Severability and Modification. To the extent permitted by applicable law, the parties Parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the partiesParties’ bargain hereunder.

Appears in 17 contracts

Sources: Transition and Separation Agreement (Amplify Energy Corp.), Separation Agreement (Sitio Royalties Corp.), Separation and General Release Agreement (Pitney Bowes Inc /De/)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any Any term or provision of this Agreement (or part parts thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the partiesParties’ bargain hereunder.

Appears in 6 contracts

Sources: Separation and General Release Agreement (Comscore, Inc.), Separation and General Release Agreement (Comscore, Inc.), Separation and General Release Agreement (Comscore, Inc.)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any Any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the partiesParties’ bargain hereunder.

Appears in 6 contracts

Sources: Separation Agreement (Riley Exploration Permian, Inc.), Separation and General Release Agreement (Select Energy Services, Inc.), Separation Agreement (Contango Oil & Gas Co)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the parties’ bargain hereunder.

Appears in 2 contracts

Sources: Separation Agreement (Wrap Technologies, Inc.), Separation Agreement (Wrap Technologies, Inc.)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance separation or modification shall be accomplished in the manner that most nearly preserves the benefit of the parties’ bargain hereunder.

Appears in 1 contract

Sources: Transition Agreement (Wrap Technologies, Inc.)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any Any term or provision of this Agreement (or part parts thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the parties’ bargain hereunder.

Appears in 1 contract

Sources: Separation and Release Agreement (Hi-Crush Inc.)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the parties' bargain hereunder.

Appears in 1 contract

Sources: Transition and Resignation Agreement (Spark Energy, Inc.)

Severability and Modification. To the extent permitted by applicable law, the parties Parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the parties’ Parties' bargain hereunder.

Appears in 1 contract

Sources: Separation and General Release Agreement (Pitney Bowes Inc /De/)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the partiesParties’ bargain hereunder.

Appears in 1 contract

Sources: Separation Agreement (Contango Oil & Gas Co)