Common use of Exclusion of invalid provisions Clause in Contracts

Exclusion of invalid provisions. If any of the provisions of this Agreement, or any part thereof, is annulled, declared illegal or deemed invalid or unenforceable for any reason, the validity and enforceability of the remaining provisions shall not be affected or impaired in connection with any of the Parties. In case of any illegality, invalidity, ineffectiveness or change in the material economic substance of the underlying relationship as finally determined by a competent tribunal without possibility for further appeal (including that the material economic substance of the underlying relationship has changed), the Parties agree to discuss in good faith the relevant amendments hereto in order to reinstate this Agreement and preserve and give effect to the original intent of the Parties.

Exclusion of invalid provisions. If any of the provisions of this Agreement, or any part thereof, is annulled, declared illegal or deemed invalid or unenforceable for any reason, the validity and enforceability of the remaining provisions shall not be affected or impaired in connection with any of the Parties. In case of any illegality, invalidity, ineffectiveness or change in the material economic substance of the underlying relationship as finally determined by a competent tribunal without possibility for further appeal (including that the material economic substance of the underlying relationship has changed), the Parties agree to discuss in good faith the relevant amendments hereto in order to reinstate this Agreement and preserve and give effect to the original intent of the Parties. 10.7.