Common use of 9Severability Clause in Contracts

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 3 contracts

Samples: Equity Purchase Agreement (Hammer Fiber Optics Holdings Corp), Equity Purchase Agreement (Oroplata Resources, Inc.), Equity Purchase Agreement (APT Systems Inc)

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9Severability. In the event that If any term or provision of this Agreement becomes or is declared by a court of competent jurisdiction shall for any reason be held to be illegalinvalid, illegal or unenforceable or voidin any situation in any jurisdiction, then, to the extent that the economic and legal substance of the transactions contemplated hereby is not affected in a manner that is materially adverse to either party hereto, all other terms and provisions of this Agreement shall continue nevertheless remain in full force and effect without said provision; provided that such severability and the enforceability and validity of the offending term or provision shall not be ineffective if it materially changes the economic benefit of this Agreement to affected in any partyother situation or jurisdiction.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Coherus BioSciences, Inc.), Royalty Purchase Agreement (XOMA Corp)

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 (Novus Capital Corp II), 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 party.invalid, illegal or unenforceable provision. ​

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

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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

Samples: Asset Purchase Agreement (Verastem, Inc.)

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