Effect of Invalidation. Each covenant, condition, restriction and other term of this Agreement is intended to be, and shall be construed as, independent and severable from each other covenant, condition, restriction and other term. If any covenant, condition, restriction or other term of this Agreement is held to be invalid by any court or regulatory body having jurisdiction, the invalidity of such covenant, condition, restriction or other term shall not affect the validity of the remaining covenants, conditions, restrictions or other terms hereof unless the invalidity has a material impact upon the rights and obligations of the Parties. If an invalidity has a material impact on the rights and obligations of the Parties, the Parties shall make a good faith effort to renegotiate and restore the benefits and burdens of this Agreement as they existed prior to the determination of an invalidity.
Effect of Invalidation. To the extent that a court of competent jurisdiction determines that Guarantor’s Subrogation Deferral is void or voidable for any reason, Guarantor agrees, notwithstanding any acts or omissions by Buyer that Guarantor’s rights of subrogation against Seller or Buyer and Guarantor’s right of subrogation against any Security shall at all times be junior and subordinate to Buyer’s rights against Seller and to Buyer’s right, title, and interest in such Security.
Effect of Invalidation. If any provision of this Declaration is held to be invalid by any court, the invalidity of such provision shall not affect the validity of the remaining provisions hereof.
Effect of Invalidation. Each covenant, condition and restriction of this Agreement is intended to be, and shall be construed as, independent and severable from each other covenant, condition and restriction. If any covenant, condition or restriction of this Agreement is held to be invalid by any court, the invalidity of the covenant, condition or restriction shall not affect the validity of the remaining covenants, conditions and restrictions hereof.
Effect of Invalidation. To the extent that a court of competent jurisdiction determines that the provisions of this Article 5 are void or voidable for any reason, the Guarantor agrees, notwithstanding any acts or omissions by the Trustees or the Administrative Agent, that: (i) the Guarantor’s rights of subrogation against the Issuer, the Trustees, the Administrative Agent, the Beneficiaries or any other security provided by the Issuer to secure the Obligations shall at all times be junior and subordinate to the Trustee’s and the Administrative Agent’s rights against the Issuer, as applicable, and such other security; and (ii) the Guarantor’s right of contribution against the Issuer shall be junior and subordinate to the Trustee’s and the Administrative Agent’s rights against the Issuer.
Effect of Invalidation. If any provision of this DECLARATION is held to be invalid by any court, the invalidity of such provision shall not affect the validity of the remaining provisions hereof. PERMITTED USES - HAZARDOUS SUBSTANCES
1. Not more than 10 gallons of 9% caustic soda solution.
2. Not more than 5 gallons of 3% hydrochloric acid solution. ------- ------- ------- ------- INITIAL INITIAL HERE EXHIBIT "C" HERE NR JJ ------- ------- ------- ------- GUARANTY OF LEASE The undersigned, XXXX XXXXXX ("Guarantor"), whose address for notice and other purposes is 00000 Xxxxxxxx Xxxxxxxxx, Apartment Xx. 0000, Xxx Xxxxxxx, Xxxxxxxxxx, 00000 in order to induce XXXXXX XXXXX AND XXXXXXXX X. XXXXX, TRUSTEES OF THE XXXXXX AND XXXXXXXX X. XXXXX FAMILY TRUST DATED DECEMBER 21, 1988, and XXXXXX X. XXXXX AND XXXXX X. XXXXX, TRUSTEES OF THE XXXXXX AND XXXXX XXXXX TRUST DATED APRIL 8, 1975 (individually and collectively, "Landlord"), to enter into that certain Standard Industrial/Commercial Single Tenant Lease-Net of even date herewith (the "Lease Agreement") pursuant to which Landlord has leased certain premises in the County of Los Angeles, State of California, located at 00000 Xxxx Xxxxx, Xxxxxxxx, Xxxxxxxxxx 00000 to FUTURE MEDIA PRODUCTIONS, INC., a California corporation ("Tenant"), does hereby covenant and agree as follows:
1. Guarantor hereby absolutely and unconditionally guarantees to Landlord the timely payment of all amounts that Tenant may at any time owe under the Lease Agreement or any extensions, holdovers, renewals or modifications thereof (collectively, the "Lease") and further guarantees to Landlord the full, faithful and timely performance by Tenant of all of the covenants, terms and conditions of the Lease. In the event Tenant shall default at any time in the payment of any rent or other sum whatsoever or in the performance of any of other covenant or obligation of Tenant under the Lease, then Guarantor, at its expense, shall on demand by Landlord (a) fully and promptly pay all such rent and sums (including, without limitation, all late charges and interest owing as a result of past due obligations of Tenant) and perform or cause to be performed all such covenants and obligations, and (b) pay to Landlord all costs and expenses reasonably incurred by Landlord (including, without limitation, court costs and actual attorneys' fees) as a result of or in connection with Xxxxxx's default. Notwithstanding the foregoing, the total liability of Guarantor pursuant to this Guaranty s...
Effect of Invalidation. To the extent that a court of competent jurisdiction determines that Borrower's Subrogation Deferral is void or voidable for any reason, Borrower agrees that Borrower's rights of subrogation against the Lenders and Borrower's right of subrogation against any Collateral shall at all times be junior and subordinate to the Lenders' rights against Borrower and the Lenders' right, title and interest in such Collateral.
Effect of Invalidation. If any provision of this DECLARATION is held to be invalid by any court, the invalidity of such provision shall not affect the validity of the remaining provisions hereof.
Effect of Invalidation. Should any part of this Agreement or any provision or provisions contained herein be rendered or declared invalid by reason of any of the contingencies referred to in this Article, such invalidation of such provisionor provisions of this Agreement shall not invalidate those unaffected parts or provisions contained in this Agreement and they shall remain in full force and effect.
Effect of Invalidation. To the extent that a court of competent jurisdiction determines that the provisions of Section 11.4.1 are void or voidable for any reason, Borrower’s rights of subrogation against Lender and Borrower’s right of subrogation against any collateral for the Loan shall at all times be junior and subordinate to Lender’s rights against all other Persons and Lender’s right, title and interest in such collateral for the Loan. 93
