Common use of Invalidity and Severance Clause in Contracts

Invalidity and Severance. If any provision of this Agreement is held to be invalid, unenforceable or illegal, in whole or in part, such provision or part shall to that extent be deemed not to form part of this Agreement but the enforceability of the remainder of this Agreement shall remain unaffected. Notwithstanding the foregoing, the Parties shall thereupon negotiate in good faith in order to agree the terms of a mutually satisfactory provision, achieving so nearly as possible the same commercial effect, to be substituted for the provision so found to be invalid, unenforceable or void.

Appears in 6 contracts

Samples: Members’ Agreement, Completion Agreement, Members' Agreement

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Invalidity and Severance. If any provision of this Agreement is held to be or becomes invalid, unenforceable illegal or illegalunenforceable, in whole the validity, legality or in part, such provision or part shall to that extent be deemed not to form part of this Agreement but the enforceability of the remainder of this Agreement shall remain unaffectedremaining provisions will not in any way be affected or impaired. Notwithstanding the foregoing, the Parties shall thereupon The parties agree to negotiate in good faith in order to agree the terms of a mutually satisfactory provisionprovision that is valid, legal and enforceable, but otherwise achieving so nearly as possible the same commercial effect, to be substituted for the provision so found to be invalid, unenforceable illegal or voidunenforceable.

Appears in 3 contracts

Samples: End User Licence Agreement, End User Licence Agreement, End User Licence Agreement

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Invalidity and Severance. If any provision of this Agreement is held to be or becomes invalid, unenforceable illegal or illegalunenforceable, in whole the validity, legality or in part, such provision or part shall to that extent be deemed not to form part of this Agreement but the enforceability of the remainder of this Agreement shall remain unaffectedremaining provisions will not in any way be affected or impaired. Notwithstanding the foregoing, the Parties shall thereupon The parties agree to negotiate in good faith in order to agree on the terms of a mutually satisfactory provisionprovision that is valid, legal and enforceable, but otherwise achieving so nearly as possible the same commercial effect, to be substituted for the provision so found to be invalid, unenforceable illegal or voidunenforceable.

Appears in 2 contracts

Samples: End User Licence Agreement, End User Licence Agreement

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