Common use of Severability and Renegotiation Clause in Contracts

Severability and Renegotiation. Should any provision of this Agreement for any reason be declared invalid or by final and un- enforceable by final and un-expellable order of any court of competent jurisdiction or any arbitral body pursuant to the provisions of arbitration hereof, such decision shall not affect the validity of the remaining provisions, while remaining provisions shall remain in full force and effect as if this Agreement has been executed with the invalid or unenforceable provisions hereof eliminated. In the event any such provision of the Agreement is so declared invalid or unenforceable, the parties shall promptly renegotiate in good faith new provisions to eliminate such invalidity or un-enforceability and to restore this Agreement as near as possible to its original intent and effect. The parties agree that the Annexures to this agreement form a part of this agreement and will be in full force and effect as though they were expressly set out in the body of this agreement.

Severability and Renegotiation. Should any provision of this Agreement for any reason be declared invalid or unenforceable by final and un- enforceable by final and un-expellable unappealable order of any court of competent or regulatory body having jurisdiction or any arbitral body pursuant to the provisions of arbitration hereofthereover, such decision shall not affect the validity of the remaining provisions, while which remaining provisions shall remain in full force and effect as if this Agreement has had been executed with the invalid or unenforceable provisions hereof provision thereof eliminated. In the event any such provision of the this Agreement is so declared invalid or unenforceable, the parties Parties shall promptly renegotiate in good faith new provisions to eliminate such invalidity or un-enforceability unenforceability and to restore this Agreement as near as possible to its original intent and effect. The parties agree that Upon impasse, the Annexures Parties will submit any dispute regarding the substitution of the new provision to this agreement form a part of this agreement and will be in full force and effect as though they were expressly set out in the body of this agreementarbitration pursuant to Article XIII hereof.