9Severability. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided that such severability shall be ineffective if it materially changes the economic benefit of this Agreement to any party.
Appears in 4 contracts
Samples: Standby Equity Commitment Agreement (Marquie Group, Inc.), Equity Purchase Agreement (Hammer Fiber Optics Holdings Corp), Equity Purchase Agreement (Oroplata Resources, Inc.)
9Severability. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision, which shall be replaced with an enforceable provision closest in intent and economic effect as the severed provision; provided that no such severability shall be ineffective effective if it materially changes the economic benefit of this Agreement to any party.
Appears in 2 contracts
Samples: Series C Preferred Stock Purchase Agreement (Novus Capital Corp II), Series B 1 Preferred Stock Purchase Agreement (Novus Capital Corp II)
9Severability. In the event that If any provision of this Agreement becomes Agreement, as applied to either party or to any circumstance, is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided , and the Parties agree to negotiate in good faith to replace such illegal, unenforceable or void provision with a valid, legal and enforceable provision that achieves, to the greatest lawful extent under this Agreement, the economic, business and other purposes of such severability shall be ineffective if it materially changes the economic benefit of this Agreement to any partyinvalid, illegal or unenforceable provision.
Appears in 1 contract
Samples: Asset Purchase Agreement (Merit Medical Systems Inc)
9Severability. In the event that If any provision of this Agreement becomes Agreement, as applied to either party or to any circumstance, is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided that such severability shall be ineffective if it materially changes the economic benefit of this Agreement to any party.
Appears in 1 contract
9Severability. In the event that If any provision of this Agreement becomes Agreement, as applied to either party or to any circumstance, is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided , and the Parties agree to negotiate in good faith to replace such illegal, unenforceable or void provision with a valid, legal and enforceable provision that achieves, to the greatest lawful extent under this Agreement, the economic, business and other purposes of such severability shall be ineffective if it materially changes the economic benefit of this Agreement to any party.invalid, illegal or unenforceable provision. β
Appears in 1 contract
Samples: Asset Purchase Agreement (Merit Medical Systems Inc)
9Severability. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided that no such severability shall be ineffective effective if it materially changes the economic benefit of this Agreement to any party.
Appears in 1 contract
Samples: Loan Conversion Agreement
