Common use of Invalid Provision to Affect No Others Clause in Contracts

Invalid Provision to Affect No Others. If, from any circumstances whatsoever, fulfillment of any provision of this Agreement or any related transaction at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If any clause or provision operates or would prospectively operate to invalidate this Agreement, in whole or in part, then such clause or provision only shall be deemed deleted, as though not contained herein, and the remainder of this Agreement shall remain operative and in full force and effect.

Appears in 16 contracts

Samples: Second Loan Modification Agreement (Hospitality Investors Trust, Inc.), Loan Modification Agreement (Hospitality Investors Trust, Inc.), Assumption Agreement

AutoNDA by SimpleDocs

Invalid Provision to Affect No Others. If, from any circumstances whatsoever, fulfillment of any provision of this Agreement or any related transaction at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If any clause or provision operates or would prospectively operate to invalidate this Agreement, in whole or in part, then such clause or provision only shall be deemed deleted, as though not contained hereincontained, and the remainder of this Agreement shall remain operative and in full force and effect.

Appears in 13 contracts

Samples: Loan and Security Agreement (BlueLinx Holdings Inc.), Consent Agreement (Clipper Realty Inc.), Consent Agreement (Clipper Realty Inc.)

Invalid Provision to Affect No Others. If, from any circumstances whatsoever, fulfillment of any provision of this Agreement or any transaction related transaction thereto at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If any clause or provision operates or would prospectively operate to invalidate this Agreement, in whole or in part, then such clause or provision only shall be deemed deleted, as though not contained hereincontained, and the remainder of this Agreement shall remain operative and in full force and effect.

Appears in 3 contracts

Samples: Forbearance Agreement (DJSP Enterprises, Inc.), Forbearance Agreement (DJSP Enterprises, Inc.), Forbearance Agreement (DJSP Enterprises, Inc.)

Invalid Provision to Affect No Others. If, from any circumstances whatsoever, fulfillment of any provision of this Agreement or any related transaction at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If any clause or provision operates or would prospectively operate to invalidate this Agreement, in whole or in part, then such clause or provision only shall be deemed deleted, as though not contained hereinin this Agreement, and the remainder of this Agreement shall remain operative and in full force and effect.

Appears in 3 contracts

Samples: Loan Modification and Reinstatement Agreement (Lodging Fund REIT III, Inc.), Assumption Agreement (Lodging Fund REIT III, Inc.), Assumption Agreement (Strategic Storage Trust II, Inc.)

Invalid Provision to Affect No Others. If, from any circumstances whatsoever, fulfillment of any provision of this Agreement or any related transaction at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. : If any clause or provision operates or would prospectively operate to invalidate this Agreement, in whole or in part, then such clause or provision only shall be deemed deleted, as though not contained herein, and the remainder of this Agreement shall remain operative and in full force and effect.. ·

Appears in 1 contract

Samples: Assumption Agreement (Bluerock Residential Growth REIT, Inc.)

Invalid Provision to Affect No Others. If, from any ------------------------------------- circumstances whatsoever, fulfillment of any provision of this Agreement or any related transaction at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled ---- ----- shall be reduced to the limit of such validity. If any clause or provision operates or would prospectively operate to invalidate this Agreement, in whole or in part, then such clause or provision only shall be deemed deleted, as though not contained hereincontained, and the remainder of this Agreement shall remain operative and in full force and effect.

Appears in 1 contract

Samples: Modification and Assumption Agreement (Brookdale Living Communities Inc)

Invalid Provision to Affect No Others. If, from any circumstances whatsoever, fulfillment of any provision of this Agreement or any related transaction at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If any clause or provision operates or would prospectively operate to invalidate this Agreement, in whole or in part, then such clause or provision only shall be deemed deleted, as though not contained herein, and the remainder of this Agreement shall remain operative and in full force and effect.. 4.6

Appears in 1 contract

Samples: Note and Mortgage Assumption Agreement

AutoNDA by SimpleDocs

Invalid Provision to Affect No Others. If, from any circumstances whatsoever, fulfillment of any provision of this Assumption Agreement or any related transaction at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If any clause or provision operates or would prospectively operate to invalidate this Assumption Agreement, in whole or in part, then such clause or provision only shall be deemed deleted, as though not contained hereinin this Assumption Agreement, and the remainder of this Assumption Agreement shall remain operative and in full force and effect.

Appears in 1 contract

Samples: Note and Mortgage Assumption Agreement (World Wrestling Entertainmentinc)

Invalid Provision to Affect No Others. If, from any circumstances whatsoever, fulfillment of any provision of this Agreement or any related transaction at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If any clause or provision operates or would prospectively operate to invalidate this Agreement, in whole or in part, then only such clause or provision only shall be deemed deleted, as though not contained hereincontained, and the remainder of this Agreement shall remain operative and in full force and effect.. 6.7

Appears in 1 contract

Samples: HTM Agreement

Invalid Provision to Affect No Others. If, from any circumstances whatsoever, fulfillment of any provision of this Agreement or any related transaction at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If any clause or provision operates or would prospectively operate to invalidate this Agreement, in whole or in part, then only such clause or provision only shall be deemed deleted, as though not contained hereincontained, and the remainder of this Agreement shall remain operative and in full force and effect.

Appears in 1 contract

Samples: Agreement Regarding Loan (Glimcher Realty Trust)

Invalid Provision to Affect No Others. If, from any circumstances whatsoever, fulfillment of any provision of this Agreement or any transaction related transaction thereto at the time performance of such provision shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity. If ; and if any clause or provision provisions herein contained operates or would prospectively operate to invalidate this Agreement, in whole or in part, then such clause or provision only shall be deemed deletedfor naught, as though not contained hereinherein contained, and the remainder of this Agreement shall remain operative and in full force and effect.

Appears in 1 contract

Samples: Forbearance Agreement (EVCI Career Colleges Holding Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!