Common use of Blue-Pencilling Clause in Contracts

Blue-Pencilling. In the event that, notwithstanding the first sentence of Section 14 hereof, any of the provisions of Section 7 relating to the geographic or temporal scope of the covenants contained therein or the nature of the business restricted thereby shall be declared by a court of competent jurisdiction to exceed the maximum restrictiveness such court deems enforceable, such provision shall be deemed to be replaced herein by the maximum restriction deemed enforceable by such court.

Appears in 9 contracts

Samples: Employment Agreement (Asset Acceptance Capital Corp), Employment Agreement (Asset Acceptance Capital Corp), Employment Agreement (Asset Acceptance Capital Corp)

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Blue-Pencilling. In the event that, notwithstanding the first sentence of Section 14 12 hereof, any of the provisions of Section 7 3 relating to the geographic or temporal scope of the covenants contained therein or the nature of the business restricted thereby shall be declared by a court of competent jurisdiction to exceed the maximum restrictiveness such court deems enforceable, such provision shall be deemed to be replaced herein by the maximum restriction deemed enforceable by such court.

Appears in 1 contract

Samples: Change in Control Agreement (Asset Acceptance Capital Corp)

Blue-Pencilling. In the event that, notwithstanding the first sentence of Section 14 hereof14, any of the provisions of Section 7 relating to the geographic or temporal scope of the covenants contained therein or the nature of the business restricted thereby shall be declared by a court of competent jurisdiction to exceed the maximum restrictiveness such court deems enforceable, such provision shall be deemed to be replaced herein by the maximum restriction deemed enforceable by such court.

Appears in 1 contract

Samples: Employment Agreement (Asset Acceptance Capital Corp)

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Blue-Pencilling. In the event that, notwithstanding the first sentence of Section 14 15 hereof, any of the provisions of Section 7 relating to the geographic or temporal scope of the covenants contained therein or the nature of the business restricted thereby shall be declared by a court of competent jurisdiction to exceed the maximum restrictiveness such court deems enforceable, such provision shall be deemed to be replaced herein by the maximum restriction deemed enforceable by such court.

Appears in 1 contract

Samples: Employment Agreement (Asset Acceptance Capital Corp)

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