Entire Agreement; No Third-Party Beneficiary; Severability. This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof and is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or a federal or state regulatory agency to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. If for any reason such court or regulatory agency determines that the Option does not permit AANA to acquire, or does not require Standard to repurchase, the full number of shares of Standard Common Stock as provided in Sections 2 and 7, it is the express intention of Standard to allow AANA to acquire or to require Standard to repurchase such lesser number of shares as may be permissible without any amendment or modification hereof.
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Samples: Option Agreement (Standard Federal Bancorporation Inc), Option Agreement (Abn Amro Bank Nv)
Entire Agreement; No Third-Party Beneficiary; Severability. This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof and is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or a federal or state regulatory agency to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. If for any reason such court or regulatory agency determines that the Option does not permit AANA MAF to acquire, or does not require Standard Bancorp to repurchase, the full number of shares of Standard Bancorp Common Stock as provided in Sections 2 and 7herein, it is the express intention of Standard Bancorp to allow AANA MAF to acquire or to require Standard Bancorp to repurchase such lesser number of shares as may be permissible without any amendment or modification hereof.
Appears in 2 contracts
Samples: Option Agreement (Maf Bancorp Inc), Option Agreement (Westco Bancorp Inc)
Entire Agreement; No Third-Party Beneficiary; Severability. This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof and is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or a federal or state regulatory agency to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. If for any reason such court or regulatory agency determines that the Option does not permit AANA Purchaser to acquire, or does not require Standard Company to repurchase, the full number of shares of Standard Company Common Stock as provided in Sections 2 and 7, it is the express intention of Standard Company to allow AANA Purchaser to acquire or to require Standard Company to repurchase such lesser number of shares as may be permissible without any amendment or modification hereof.
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