Common use of Illegality and Severability Clause in Contracts

Illegality and Severability. If application of any one or more of the provisions of this Partnership Agreement shall be unlawful under applicable law and regulations, then the parties will attempt in good faith to make such alternative arrangements as may be legally permissible and which carry out as nearly as practicable the terms of this Partnership Agreement. Should any portion of this Partnership Agreement be deemed unenforceable by a court of competent jurisdiction, the remaining portion hereof shall remain unaffected and be interpreted as if such unenforceable portions were initially deleted.

Appears in 4 contracts

Samples: Partnership Agreement, Partnership Agreement (Verizon Wireless Capital LLC), Partnership Agreement (Verizon Wireless Capital LLC)

AutoNDA by SimpleDocs

Illegality and Severability. If application of any one or --------------------------- more of the provisions of this Partnership Agreement shall be unlawful under applicable law and regulations, then the parties will attempt in good faith to make such alternative arrangements as may be legally permissible and which carry out as nearly as practicable the terms of this Partnership Agreement. Should any portion of this Partnership Agreement be deemed unenforceable by a court of competent jurisdiction, the remaining portion hereof shall remain unaffected and be interpreted as if such unenforceable portions were initially deleted.

Appears in 1 contract

Samples: Investment Agreement (Bell Atlantic Corp)

AutoNDA by SimpleDocs

Illegality and Severability. If application of any one --------------------------- or more of the provisions of this Partnership Agreement shall be unlawful under applicable law and regulationsApplicable Law, then the parties will Partners shall attempt in good faith to make such alternative arrangements as may be legally permissible and which carry out as nearly as practicable the terms of this Partnership Agreement. Should any portion of this Partnership Agreement be deemed unenforceable by an arbitral tribunal or a court of competent jurisdiction, the remaining portion hereof shall remain unaffected and be interpreted as if such unenforceable portions were initially deleted.

Appears in 1 contract

Samples: Partnership Agreement (Delco Remy International Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.