Common use of Severability of Remedies Clause in Contracts

Severability of Remedies. It is the purpose and intention of this Article IX to provide rights and remedies to the Trustee and the Owners which may be lawfully granted under the provisions of the Act, but should any right or remedy herein granted be held to be unlawful, the Trustee and the Owners shall be entitled, as above set forth, to every other right and remedy provided in this Indenture and by law.

Appears in 4 contracts

Sources: Indenture of Trust (Tucson Electric Power Co), Indenture of Trust (Tucson Electric Power Co), Indenture of Trust (Tucson Electric Power Co)

Severability of Remedies. It is the purpose and intention of this Article IX to provide rights and remedies to the Trustee and the Owners which may be lawfully granted under the provisions of the Act, but should any right or remedy herein granted be held to be unlawful, unlawful the Trustee and the Owners shall be entitled, as above set forth, to every other right and remedy provided in this Indenture and by law.

Appears in 3 contracts

Sources: Trust Indenture (Enron Corp/Or/), First Supplemental Trust Indenture (Enron Corp/Or/), First Supplemental Trust Indenture (Enron Corp/Or/)

Severability of Remedies. It is the purpose and intention of this Article IX to provide rights and remedies to the Trustee and the Owners Bondholders which may be lawfully granted under the provisions of the Act, but should any right or remedy herein granted be held to be unlawful, the Trustee and the Owners Bondholders shall be entitled, as above set forth, to every other right and remedy provided in this Indenture and by law.

Appears in 2 contracts

Sources: Trust Indenture (First United Ethanol LLC), Trust Indenture (First United Ethanol LLC)

Severability of Remedies. It is the purpose and intention of this Article IX VIII to provide rights and remedies to the Trustee and the Owners which may be lawfully granted under the provisions of the Act, but should any right or remedy herein granted be held to be unlawful, unlawful the Trustee and the Owners shall be entitled, as above set forth, to every other right and remedy provided in this Indenture and by law.

Appears in 2 contracts

Sources: Loan Agreement (Navistar International Corp), Indenture of Trust (Green Plains Renewable Energy, Inc.)