Common use of Benefit and Binding Effect; Severability Clause in Contracts

Benefit and Binding Effect; Severability. This Letter Agreement shall be binding upon and shall inure to the benefit of each party and their respective successors, executors, administrators and personal representatives and heirs and permitted assigns. If any term or other provision of this Letter Agreement is invalid, illegal or incapable of being enforced by any law or public policy or any listing requirement applicable to the Subject Stocks, all other terms and provisions of this Letter Agreement shall nevertheless remain in full force and effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto affected by such determination in any material respect shall negotiate in good faith to modify this Letter Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the provisions hereof are given effect as originally contemplated to the greatest extent possible.

Appears in 2 contracts

Samples: Letter Agreement (At&t Corp), Letter Agreement (At&t Corp)

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Benefit and Binding Effect; Severability. This Letter Agreement shall be binding upon and shall inure to the benefit of each party the Company, its successors and their respective assigns, and AWS and its successors, executors, administrators and personal representatives and heirs and permitted assigns. This Agreement shall not be assignable by AWS in whole or in part without the prior written consent of the Company. If any term or other provision of this Letter Agreement is invalid, illegal or incapable of being enforced by any law or public policy or any listing requirement applicable to the Subject Stockspolicy, all other terms and provisions of this Letter Agreement shall nevertheless remain in full force and effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto affected by such determination in any material respect shall negotiate in good faith to modify this Letter Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the provisions hereof are given effect as originally contemplated to the greatest extent possible.

Appears in 2 contracts

Samples: Transfer Rights Agreement (Dobson Communications Corp), PCS Transfer Rights Agreement (At&t Corp)

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Benefit and Binding Effect; Severability. This Letter Agreement shall be binding upon and shall inure to the benefit of each party the Company, its successors and their respective successorsassigns, executors, administrators and personal representatives to BofA and heirs and its permitted assigns, and the Indemnified Parties. If any term or other provision of this Letter Agreement is invalid, illegal or incapable of being enforced by any law or public policy or any listing requirement applicable to the Subject StocksCommon Stock, all other terms and provisions of this Letter Agreement shall nevertheless remain in full force and effect. Upon such determination that any term or other provision is invalid, illegal or incapable of being enforced, the parties hereto affected by such determination in any material respect shall negotiate in good faith to modify this Letter Agreement so as to effect the original intent of the parties as closely as possible in an acceptable manner in order that the provisions hereof are given effect as originally contemplated to the greatest extent possible.

Appears in 1 contract

Samples: Registration Rights Agreement (Dobson Communications Corp)

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