Common use of Invalidity of Provisions Clause in Contracts

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable law, the parties waive any provision of law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 104 contracts

Samples: Registration Rights Agreement (Brookfield Renewable Partners L.P.), Registration Rights Agreement (Brookfield Infrastructure Partners L.P.), Master Services Agreement (Brookfield Renewable Corp)

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Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable lawLaw, the parties waive any provision of law Law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 28 contracts

Samples: Agreement, Agreement (BPY Bermuda Holdings IV LTD), Agreement (Brookfield Renewable Partners L.P.)

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable law, the parties waive any provision of law which that renders any provision of this Agreement invalid or unenforceable in any respect. The parties will engage in good faith negotiations to replace any provision which that is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which that it replaces.

Appears in 11 contracts

Samples: Management Services Agreement (Nextera Energy Partners, Lp), Management Services Agreement (Nextera Energy Partners, Lp), Sweep and Credit Support Agreement (NextEra Energy Partners, LP)

Invalidity of Provisions. Each of the provisions contained in this Equity Commitment Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable law, the parties waive any provision of law which renders any provision of this Equity Commitment Agreement invalid or unenforceable in any respect. The parties will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 10 contracts

Samples: Equity Commitment Agreement (Brookfield Renewable Partners L.P.), Equity Commitment Agreement (Brookfield Business Corp), Equity Commitment Agreement (Brookfield Business Partners L.P.)

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will shall not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable law, the parties waive any provision of law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties will shall engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 8 contracts

Samples: Share Purchase Agreement, General Security Agreement (Archibald Candy Corp), Subscription Agreement (Lorus Therapeutics Inc)

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable lawLaw, the parties hereto waive any provision of law Law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties hereto will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 3 contracts

Samples: Service Level Agreement (Codere Online Luxembourg, S.A.), Sponsorship and Services Agreement (Codere Online Luxembourg, S.A.), Relationship and License Agreement (Codere Online Luxembourg, S.A.)

Invalidity of Provisions. Each of the provisions contained in this Agreement Equity Commitment is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable law, the parties waive any provision of law which renders any provision of this Agreement Equity Commitment invalid or unenforceable in any respect. The parties will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 3 contracts

Samples: Agreement (Brookfield Asset Management Inc.), Equity Commitment (Brookfield Asset Management Inc.), Equity Commitment (Brookfield Infrastructure Partners L.P.)

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable law, the parties waive any provision of law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties will shall engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 3 contracts

Samples: Management Services Agreement, Management Services Agreement (Howard Hughes Corp), Management Services Agreement (Spinco, Inc.)

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof of a provision by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereofof this Agreement. To the extent permitted by applicable law, the parties waive any provision of law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Corel Corp), Agreement and Plan of Merger (Corel Corp)

Invalidity of Provisions. Each of the provisions contained in this Equity Commitment Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable law, the parties Parties waive any provision of law which renders any provision of this Equity Commitment Agreement invalid or unenforceable in any respect. The parties Parties will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 2 contracts

Samples: Equity Commitment Agreement (Brookfield Asset Management Reinsurance Partners Ltd.), Equity Commitment Agreement (Brookfield Asset Management Inc.)

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable law, the parties Parties waive any provision of law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties Parties will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 2 contracts

Samples: Master Services Agreement (Clearway Energy, Inc.), Master Services Agreement (Clearway Energy, Inc.)

Invalidity of Provisions. β€Œ Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable lawLaw, the parties waive any provision of law Law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 2 contracts

Samples: Agreement, Agreement

Invalidity of Provisions. Each of the provisions provision contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the fullest extent permitted by applicable law, the parties waive any provision of law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 2 contracts

Samples: Voting Agreement (Brookfield Infrastructure Corp), Voting Agreement (Brookfield Infrastructure Partners L.P.)

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will shall not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable law, the parties waive any provision of law which that renders any provision of this Agreement invalid or unenforceable in any respect. The parties will shall engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 2 contracts

Samples: Guarantee (Chell Group Corp), Guarantee (Chell Group Corp)

Invalidity of Provisions. Each of the provisions contained in this Commitment Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable law, the parties waive any provision of law which renders any provision of this Commitment Agreement invalid or unenforceable in any respect. The parties will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 2 contracts

Samples: Commitment Agreement (Brookfield Business Corp), Commitment Agreement (Brookfield Business Partners L.P.)

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Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will shall not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable lawLaw, the parties hereto waive any provision of law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties hereto will engage in good faith negotiations to replace any provision hereof which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes approximates as close much as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 2 contracts

Samples: Arrangement Agreement, Arrangement Agreement (Westlinks Resources LTD)

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will shall not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable lawLaw, the parties hereto waive any provision of law Law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties will to this Agreement shall engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 1 contract

Samples: Purchase and Sale Agreement (TreeHouse Foods, Inc.)

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable lawApplicable Law, the parties Parties waive any provision of law law, which renders any provision of this Agreement invalid or unenforceable in any respect. The parties Parties will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 1 contract

Samples: Tax Matters Agreement (Brookfield Asset Management Ltd.)

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof hereof by a court of competent jurisdiction will shall not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable law, the parties hereto waive any provision of law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties will engage shall endeavor in good faith negotiations to replace any provision which that is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which that it replaces.

Appears in 1 contract

Samples: Voting Agreement (Iwerks Entertainment Inc)

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable lawLaw, the parties waive any provision of law Law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties will engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.. [A&R LP AGR_BRELP]

Appears in 1 contract

Samples: Agreement (Brookfield Renewable Energy Partners L.P.)

Invalidity of Provisions. β€Œ Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will shall not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable lawApplicable Law, the parties hereto waive any provision of law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties hereto will engage in good faith negotiations to replace any provision hereof which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes approximates as close much as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 1 contract

Samples: Arrangement Agreement

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will jurisdiction-shall not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable law, the parties waive any provision of law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties will shall engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 1 contract

Samples: General Security Agreement (Lorus Therapeutics Inc)

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable lawLaw, the parties waive any provision of law Law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties will shall engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 1 contract

Samples: Asset Management Agreement (Brookfield Office Properties Canada)

Invalidity of Provisions. Each of the provisions contained in this Agreement is distinct and severable and a declaration of invalidity or unenforceability of any such provision or part thereof by a court of competent jurisdiction will shall not affect the validity or enforceability of any other provision hereof. To the extent permitted by applicable lawApplicable Law, the parties waive any provision of law Applicable Law which renders any provision of this Agreement invalid or unenforceable in any respect. The parties will shall engage in good faith negotiations to replace any provision which is declared invalid or unenforceable with a valid and enforceable provision, the economic and substantive effect of which comes as close as possible to that of the invalid or unenforceable provision which it replaces.

Appears in 1 contract

Samples: Agreement

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