Common use of Illegality and Severability Clause in Contracts

Illegality and Severability. 40.1 In the event that any part of this Agreement shall be or become or be declared void, invalid, illegal or unenforceable (together “Invalidity”) for any reason whatsoever including by reason of the provisions of any Law or change thereto or any decision of any Court or Regulatory Body having jurisdiction over the parties or this Agreement, the parties hereby expressly agree that subject to clause 40.2 the remaining parts and provisions of this Agreement shall continue in full force and effect with such amendments as are necessary to ensure that the balance of obligations remains so far as possible the same as under the Agreement or as may be agreed between the parties. 40.2 In the event that any such Invalidity is so fundamental as to prevent the accomplishment of the purpose of this Agreement, the parties shall immediately commence good faith negotiations to remedy such Invalidity provided that in the event that they are unable to do so within 30 days (or such other period as they may agree) either party may terminate this Agreement by notice in writing to the other.

Illegality and Severability. 40.1 21.1 In the event that any part of this Agreement shall be or become or be declared void, invalid, illegal or unenforceable (together “Invalidity”) for any reason whatsoever including by reason of the provisions of any Law law or change thereto or any decision of any Court court or Regulatory Body regulatory body having jurisdiction over the parties Parties or this Agreement, the parties Parties hereby expressly agree that subject to clause 40.2 21.2 the remaining parts and provisions of this Agreement shall continue in full force and effect with such amendments as are necessary to ensure that the balance of obligations remains so far as possible the same as under the Agreement or as may be agreed between the partiesParties. 40.2 21.2 In the event that any such Invalidity invalidity is so fundamental as to prevent the accomplishment of the purpose of this Agreement, the parties Parties shall immediately commence good faith negotiations to remedy such Invalidity invalidity provided that in the event that they are unable to do so within 30 days (or such other period as they may agree) either party Party may terminate this Agreement by notice in writing to the other.

Illegality and Severability. 40.1 22.1 In the event that any part of this Agreement shall be or become or be declared void, invalid, illegal or unenforceable (together “Invalidity”) for any reason whatsoever including by reason of the provisions of any Law or change thereto or any decision of any Court or Regulatory Body having jurisdiction over the parties or this Agreement, the parties hereby expressly agree that subject to clause 40.2 22.2 the remaining parts and provisions of this Agreement shall continue in full force and effect with such amendments as are necessary to ensure that the balance of obligations remains so far as possible the same as under the Agreement or as may be agreed between the parties. 40.2 22.2 In the event that any such Invalidity is so fundamental as to prevent the accomplishment of the purpose of this Agreement, the parties shall immediately commence good faith negotiations to remedy such Invalidity provided that in the event that they are unable to do so within 30 days (or such other period as they may agree) either party may terminate this Agreement by notice in writing to the other.