Common use of Severance of Terms Clause in Contracts

Severance of Terms. If any provision of this Agreement is or may be held by a court or arbitrator of competent jurisdiction to be invalid, void, or unenforceable to any extent, the validity of the remaining parts, terms, or provisions of this Agreement shall not be affected thereby, and such illegal or invalid part, term, or provision shall be deemed not to be part of this Agreement. The remaining provisions shall nevertheless survive and continue in full force and effect without being invalidated in any way.

Appears in 9 contracts

Sources: Key Employee Retention Agreement (Halcon Resources Corp), Key Employee Retention Agreement (Halcon Resources Corp), Key Employee Retention Agreement (Halcon Resources Corp)

Severance of Terms. If any provision provisions of this Agreement is or may be held by a court or arbitrator of competent jurisdiction are declared to be invalid, voidunenforceable or illegal by any competent arbitral tribunal or court, such invalidity, unenforceability or unenforceable to any extent, the validity of illegality shall not prejudice or affect the remaining parts, terms, or provisions of this Agreement which shall not be affected thereby, and such illegal or invalid part, term, or provision shall be deemed not to be part of this Agreement. The remaining provisions shall nevertheless survive and continue in full force and effect without being invalidated in any wayeffect.

Appears in 5 contracts

Sources: Construction Contract, Operation, Management and Development Agreement, Construction Contract