Common use of Modification of Covenant Clause in Contracts

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 8 contracts

Samples: Asset Purchase Agreement (Spindle, Inc.), Asset Purchase Agreement (Spindle, Inc.), Asset Purchase Agreement (Augme Technologies, Inc.)

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Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.5(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.5 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Ths Section 5.7 10.5 is reasonable and necessary to protect and preserve Buyer’s 's legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Resourcing Solutions Group Inc), Asset Purchase Agreement (Resourcing Solutions Group Inc), Asset Purchase Agreement (Resourcing Solutions Group Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.8(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.8 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.8 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 3 contracts

Samples: Stock Purchase Agreement (Proxymed Inc /Ft Lauderdale/), Asset Purchase Agreement (Chart Industries Inc), Asset Purchase Agreement (Russ Berrie & Co Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a8.1(a) through (ce) is invalid or unenforceable, then the parties Parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 8.1 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This This Section 5.7 8.1 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets Business and to prevent any unfair advantage conferred on Seller.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Hurco Companies Inc), Asset Purchase Agreement (Hurco Companies Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.7(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.7 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.7 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Jordan 1 Holdings Co), Asset Purchase Agreement (Viva International Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(aSections 6.7(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 6.7 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 6.7 is reasonable and necessary to protect and preserve BuyerPurchaser’s and the Surviving Corporation’s legitimate business interests and the value of the Assets Company and to prevent any unfair advantage conferred on Seller.

Appears in 2 contracts

Samples: Merger Agreement (Preformed Line Products Co), Merger Agreement (Optical Cable Corp)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.5(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.5 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Ths Section 5.7 10.5 is reasonable and necessary to protect and preserve Buyer’s 's legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.. Asset Purchase Agreement 10/06/03 TRSG and Asmara

Appears in 2 contracts

Samples: Asset Purchase Agreement (Resourcing Solutions Group Inc), Asset Purchase Agreement (Resourcing Solutions Group Inc)

Modification of Covenant. If a final judgment Final Order of a court or tribunal Governmental Authority of competent jurisdiction determines that any term or provision contained in Section 5.7(a7.01(a) through or (cb) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration duration, or geographic area of the term or provision, to delete specific words or phrases phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 7.01 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 7.01 is reasonable and necessary to protect and preserve BuyerPurchaser’s legitimate business interests and the value of the Purchased Assets and to prevent any unfair advantage being conferred on SellerSellers.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Distributed Energy Systems Corp), Asset Purchase Agreement (Distributed Energy Systems Corp)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a5.06(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 5.06 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 5.06 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Purchased Assets and to prevent any unfair advantage conferred on SellerSellers or their Affiliates.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Acacia Diversified Holdings, Inc.)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a7.5(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 7.5 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 7.5 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Best Energy Services, Inc.), Asset Purchase Agreement (Best Energy Services, Inc.)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a) through (c) Sections 2 or 3 is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 Sections 2 and 3 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 is Sections 2 and 3 are reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Acquired Assets and to prevent any unfair advantage conferred on SellerTrxxxxx xr Vuzix.

Appears in 1 contract

Samples: Restrictive Covenants Agreement (Vuzix Corp)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a) H.6.a through (c) c is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration duration, or geographic area of the term or provision, to delete specific words or phrases phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 H.6 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 H.6 is reasonable and necessary to protect and preserve BuyerXxxxx’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on SellerSeller or Principal.

Appears in 1 contract

Samples: Asset Purchase Agreement (Smartfinancial Inc.)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.8(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.8 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.8 is reasonable and necessary to protect and preserve Buyer’s Xxxxx's legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.5(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.5 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.5 is reasonable and necessary to protect and preserve Buyer’s PACIFIC's legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on SellerPRB.

Appears in 1 contract

Samples: Pharmaceutical Product License and Distribution Agreement (Bi-Optic Ventures Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.5(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.5 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.5 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Onelink Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a7.4(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 7.4 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 7.4 is reasonable and necessary to protect and preserve BuyerSeller’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on SellerBuyer.

Appears in 1 contract

Samples: Asset Purchase Agreement (Industrial Enterprises of America, Inc.)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a7.8(a) through (cd) is invalid or unenforceable, then the parties Parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 7.8 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 7.8 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Acquired Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Fox Factory Holding Corp)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a5.6 (a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 5.6 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 5.6 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Sysorex Global)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.4(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration duration, or geographic area of the term or provision, to delete specific words or phrases phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.4 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.4 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ceco Environmental Corp)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a13.5(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 13.5 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 13.5 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Mitek Systems Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a) 12.2.1 through (c) 12.2.2 is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 12.2 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Both parties agree that this Section 5.7 12.2 is reasonable and necessary to protect and preserve Buyer’s the parties’ legitimate business interests and the value of the Acquired Assets and to prevent any unfair advantage conferred on Sellereither party.

Appears in 1 contract

Samples: Asset Purchase Agreement (Proxymed Inc /Ft Lauderdale/)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a5.6(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 5.6 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 5.6 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Spindle, Inc.)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a6.2(a) through (cor Section 6.2(b) is invalid or unenforceable, then the parties Parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 6.2 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Seller acknowledges and agrees that this Section 5.7 6.2 is reasonable and necessary to protect and preserve BuyerPurchaser’s legitimate business interests and the value of the Assets Seller Interest and to prevent any unfair advantage conferred on Sellerthe Acquired Business.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Payment Data Systems Inc)

Modification of Covenant. If a final judgment of a court or tribunal Governmental Body of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.6(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal Governmental Body will have the power to reduce the scope, duration duration, or geographic area of the term or provision, to delete specific words or phrases phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.6 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Seller acknowledges that this Section 5.7 10.6 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Chad Therapeutics Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a6.01(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 6.01 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Seller expressly agrees that this Section 5.7 6.01 is reasonable and necessary to protect and preserve Buyer’s Purchaser's legitimate business interests and the value of the Purchased Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Technology Asset Purchase Agreement (Cabot Microelectronics Corp)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a9.9(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 9.9 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 9.9 is reasonable and necessary to protect and preserve Buyer’s Buyers’ legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Sellerthe Selling Parties.

Appears in 1 contract

Samples: Asset Purchase Agreement (Raven Industries Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.9(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.9 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.9 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Purchased Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Hooker Furniture Corp)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a5.8(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 5.8 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 5.8 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Purchased Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (HOOKER FURNISHINGS Corp)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.3(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.3 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.3 is reasonable and necessary to protect and preserve BuyerXxxxx’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on SellerSellers.

Appears in 1 contract

Samples: Asset Purchase Agreement

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.4(a) through or (cb) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.4(c) will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.4(c) is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets Business and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Bob Evans Farms Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.5(a) through (cd) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.5 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 is Sections 10.5(a), (b), (d) and (e) are reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Insight Health Services Holdings Corp)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.8(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.8 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.8 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Purchased Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Luna Innovations Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a7.6(a) through (cd) is invalid or unenforceable, then the parties Parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 7.6 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 7.6 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Acquired Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Fox Factory Holding Corp)

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Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(aSections 11.1(a) through and (cb) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 11.1 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 11.1 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets Company and the Business and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Equity Purchase Agreement (Polymedica Corp)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a7.7(a) through (c7.7(d) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 7.7 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 7.7 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Acquired Assets and to prevent any unfair advantage conferred on SellerSellers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Kimball Electronics, Inc.)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in this Section 5.7(a) through (c6.3(d) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 6.3(d) will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 6.3(d) is reasonable and necessary to protect and preserve Buyer’s legitimate business interests in the geographical locations in which the business operates and the value of the Purchased Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Millennium Biotechnologies Group Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration duration, or geographic area of the term or provision, to delete specific words or phrases phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ceco Environmental Corp)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a7.7(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration duration, or geographic area of the term or provision, to delete specific words or phrases phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 7.7 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 7.7 is reasonable and necessary to protect and preserve BuyerXxxxx’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in this Section 5.7(a) through (c) X.E. is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration duration, or geographic area of the term or provision, to delete specific words or phrases phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 X.E. will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 X.E. is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Purchased Assets and to prevent any unfair advantage conferred on SellerSellers.

Appears in 1 contract

Samples: Asset Purchase Agreement

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a) through (c) is invalid or unenforceable, then the parties Parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (LOCAL.COM)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.8(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.8 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.8 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on SellerSellers, Design Partners or Principals.

Appears in 1 contract

Samples: Asset Purchase Agreement (Schawk Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.8(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.8 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.8 is reasonable and necessary to protect and preserve Buyer’s and Parent’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on SellerSeller or Members.

Appears in 1 contract

Samples: Asset Purchase Agreement (Express-1 Expedited Solutions Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a) 10.7 through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.7 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.7 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on SellerSellers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Joy Global Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(aSections 7.7(a) through (c7.7(d) is invalid or unenforceable, then the parties Parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 7.7 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 7.7 is reasonable and necessary to protect and preserve each Buyer’s legitimate business interests and the value of the applicable Acquired Assets and to prevent any unfair advantage conferred on SellerSellers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Fox Factory Holding Corp)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a7.3(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 7.3 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 7.3 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Industrial Enterprises of America, Inc.)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.3(a) through (cb) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.3 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.3 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets Business and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Stock Purchase Agreement (Luna Innovations Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a9.3(a) through (c) is invalid or unenforceable, then the parties Parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 9.3 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This The Parties agree that this Section 5.7 9.3 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Servotronics Inc /De/)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a5.8(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 5.8 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 5.8 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (cbdMD, Inc.)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a9.11(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 9.11 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 9.11 is reasonable and necessary to protect and preserve Buyer’s 's legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Astec Industries Inc)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in this Section 5.7(a) through (c) 3.7 is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 3.7 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 3.7 is reasonable and necessary to protect and preserve BuyerPurchaser’s legitimate business interests and the value of the Purchased Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.4(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.4 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.4 is reasonable and necessary to protect and preserve Buyer’s Buyers’ legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Solomon Technologies Inc)

Modification of Covenant. If a final judgment Order of a court or tribunal Governmental Authority of competent jurisdiction determines that any term or provision contained in Section 5.7(a7.1(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration duration, or geographic area of the term or provision, to delete specific words or phrases phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This This Section 5.7 7.1 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This This Section 5.7 7.1 is reasonable and necessary to protect and preserve Buyer’s Purchaser's legitimate business interests and the value of the Assets and to prevent any unfair advantage being conferred on SellerSeller or Parent.

Appears in 1 contract

Samples: Asset Purchase Agreement (Presstek Inc /De/)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(aSections 11.4(a) through (cd) of this Agreement is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration or geographic area of the term or provision, to delete specific words or phrases or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 11.4 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 11.4 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on Seller.

Appears in 1 contract

Samples: Share Purchase Agreement (Aerosonic Corp /De/)

Modification of Covenant. If a final judgment of a court or tribunal of competent jurisdiction determines that any term or provision contained in Section 5.7(a10.7(a) through (c) is invalid or unenforceable, then the parties agree that the court or tribunal will have the power to reduce the scope, duration duration, or geographic area of the term or provision, to delete specific words or phrases phrases, or to replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision. This Section 5.7 10.7 will be enforceable as so modified after the expiration of the time within which the judgment may be appealed. This Section 5.7 10.7 is reasonable and necessary to protect and preserve Buyer’s legitimate business interests and the value of the Assets and to prevent any unfair advantage conferred on SellerSellers.

Appears in 1 contract

Samples: Asset Purchase Agreement (Ceco Environmental Corp)

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