Common use of Blue Pencil Clause in Contracts

Blue Pencil. If any court determines that the covenants contained in this Section 8, or any part hereof, are unenforceable because of the duration or geographic scope of such provision, such court shall have the power to reduce the duration or scope of such provision, as the case may be, to as close to the terms hereof as shall be enforceable and, in its reduced form, such provision shall then be enforceable.

Appears in 7 contracts

Samples: Terms of Employment (FreightCar America, Inc.), Employment Agreement (FreightCar America, Inc.), Employment Agreement (FreightCar America, Inc.)

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Blue Pencil. If any court determines that the covenants contained in this Section 87, or any part hereof, are unenforceable because of the duration or geographic scope of such provision, such court shall have the power to reduce the duration or scope of such provision, as the case may be, to as close to the terms hereof as shall be enforceable and, in its reduced form, such provision shall then be enforceable.

Appears in 5 contracts

Samples: Terms of Employment (FreightCar America, Inc.), Terms of Employment (FreightCar America, Inc.), Employment Agreement (FreightCar America, Inc.)

Blue Pencil. If any court determines that any of the covenants contained set forth in this Section 85.01, or any part hereofthereof, are is unenforceable because of the duration or geographic scope of such provision, such court shall have the power to reduce the duration or scope of such provision, as the case may be, to as close to the terms hereof as shall be enforceable and, in its reduced form, such provision shall then be enforceable.

Appears in 4 contracts

Samples: Stockholders Agreement, Flash Cf Preferred Stock Subscription Agreement, Investors Agreement (Encore Capital Group Inc)

Blue Pencil. If any court determines that any of the covenants contained set forth in this Section 8ARTICLE VII, or any part hereofthereof, are is unenforceable because of the duration or geographic scope of such provision, such court shall have the power to reduce the duration or scope of such provision, as the case may be, to as close to the terms hereof as shall be enforceable and, in its reduced form, such provision shall then be enforceable.

Appears in 2 contracts

Samples: Stockholders Agreement, Stockholders' Agreement

Blue Pencil. If any court determines that the covenants contained in this Section 89, or any part hereof, are unenforceable because of the duration or geographic scope of such provision, such court shall have the power to reduce the duration or scope of such provision, as the case may be, to as close to the terms hereof as shall be enforceable and, in its reduced form, such provision shall then be enforceable.

Appears in 2 contracts

Samples: Employment Agreement (FreightCar America, Inc.), Employment Agreement (FreightCar America, Inc.)

Blue Pencil. If any court determines that any of the covenants contained set forth in this Section 80, or any part hereofthereof, are is unenforceable because of the duration or geographic scope of such provision, such court shall have the power to reduce the duration or scope of such provision, as the case may be, to as close to the terms hereof as shall be enforceable and, in its reduced form, such provision shall then be enforceable.

Appears in 1 contract

Samples: Share Exchange Agreement (Biopower Operations Corp)

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Blue Pencil. If any court determines that any of the covenants contained set forth in this Section 84.01, or any part hereofthereof, are is unenforceable because of the duration or geographic scope of such provision, such court shall have the power to reduce the duration or scope of such provision, as the case may be, to as close to the terms hereof as shall be enforceable and, in its reduced form, such provision shall then be enforceable.

Appears in 1 contract

Samples: Shareholder Agreement (Biopower Operations Corp)

Blue Pencil. If any court determines that the covenants contained in this Section 812, or any part hereof, are unenforceable because of the duration or geographic scope of such provision, such court shall have the power to reduce the duration or scope of such provision, as the case may be, to as close to the terms hereof as shall be enforceable and, in its reduced form, such provision shall then be enforceable.

Appears in 1 contract

Samples: Employment Agreement (FreightCar America, Inc.)

Blue Pencil. If any court determines that the covenants contained in this Section 85, or any part hereof, are unenforceable because of the duration or geographic scope of such provision, such court shall have the power to reduce the duration or scope of such provision, as the case may be, to as close to the terms hereof as shall be enforceable and, in its reduced form, such provision shall then be enforceable.

Appears in 1 contract

Samples: Inducement Stock Option Award Agreement (FreightCar America, Inc.)

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