Assignment; Binding Effect; Severability. This Agreement may not be assigned by any party hereto without the other party's written consent. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the successors and permitted assigns of each party hereto. The provisions of this Agreement are severable, and, in the event that any one or more provisions are deemed illegal or unenforceable, the parties shall promptly amend this Agreement as and to the extent necessary to preserve their underlying commercial agreement as contemplated hereby.
Appears in 12 contracts
Samples: Purchase and Sale Agreement (Jersey Central Power & Light Co), Purchase and Sale Agreement (Jersey Central Power & Light Co), Purchase and Sale Agreement (Jersey Central Power & Light Co)
Assignment; Binding Effect; Severability. This Agreement may not be assigned by any party hereto without the other party's written consent. This Agreement shall be NY #654901 v4 binding upon and inure to the benefit of and be enforceable by the successors and permitted assigns of each party hereto. The provisions of this Agreement are severable, and, in the event that any one or more provisions are deemed illegal or unenforceable, the parties shall promptly amend this Agreement as and to the extent necessary to preserve their underlying commercial agreement as contemplated hereby.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Jersey Central Power & Light Co)
Assignment; Binding Effect; Severability. This Agreement may not be assigned by any party hereto without the other party's written consent. This Agreement shall be binding upon and inure to the benefit of and be enforceable by the successors and permitted assigns of each party hereto. The provisions of this Agreement are severable, and, in the event that any one or more provisions are deemed illegal or unenforceable, the parties remaining provisions shall promptly amend this Agreement as remain in full force and to the extent necessary to preserve their underlying commercial agreement as contemplated herebyeffect.
Appears in 1 contract