COMPLIANCE WITH LAWS; SEVERABILITY. This Option Agreement, the Securityholders Agreement, and the applicable Exercise Agreement are subject to compliance with all applicable laws (including, without limitation, applicable securities laws) as set forth in Section 4.3 of the Plan. If the arbitrator selected in accordance with Section 11.3 or a court of competent jurisdiction determines that any portion of this Option Agreement, the Plan, the Securityholders Agreement, or the applicable Exercise Agreement is in violation of any statute or public policy, then only the portions of this Option Agreement, the Plan, the Securityholders Agreement, or the Exercise Agreement, as applicable, which violate such statute or public policy shall be stricken, and all portions of this Option Agreement, the Plan, the Securityholders Agreement, and the Exercise Agreement which do not violate any statute or public policy shall continue in full force and effect. Furthermore, it is the parties' intent that any court order striking any portion of this Option Agreement, the Plan, the Securityholders Agreement and/or the Exercise Agreement should modify the stricken terms as narrowly as possible to give as much effect as possible to the intentions of the parties hereunder.
COMPLIANCE WITH LAWS; SEVERABILITY. Both parties expressly agree that it is not the intention of either party to violate statutory or common law and that if any sentence, paragraph, clause or combination of same is in violation of any law, such sentences, paragraphs, clauses or combination of same shall be inoperative and the remainder of this Agreement shall remain binding upon the parties hereto unless the remaining portions hereof are inadequate to define the rights and obligations of the parties or to carry out their original intent as set forth in this Agreement, in which event such party shall have the right, upon making such determination, to terminate this Agreement.
COMPLIANCE WITH LAWS; SEVERABILITY. If, under any circumstances whatsoever, the fulfillment of any provision of this Note conflicts with the mandatory requirements or prohibitions prescribed by any applicable statute or other applicable law with regard to obligations of like character or amount, then, to the fullest extent possible, this Note shall be construed so as to give effect to the intent manifested by any provision held to be invalid, illegal, unenforceable, or otherwise contrary to law. If any provision of this Note is found to be invalid or unenforceable by a court, all other provisions of this Note will remain in full force and effect.
COMPLIANCE WITH LAWS; SEVERABILITY. 22.1 The parties shall comply with all national and international laws, rules and regulations applicable in the Territory, all as amended from time to time, with respect to delivery, transmission and distribution of the Channels.
