Common use of Provisions in Conflict with Law Clause in Contracts

Provisions in Conflict with Law. The provisions of this Agreement are severable and if any one or more of such provisions (the Conflicting Provisions) are in conflict with any applicable laws, the Conflicting Provisions shall be deemed to have never constituted a part of this Agreement, and this Agreement may be amended pursuant to Section 11.1 hereof to remove the Conflicting Provisions provided, however, that such conflict or amendment shall not affect or impair any of the remaining provisions of this Agreement or render invalid or improper any action taken or omitted (including but not limited to selection of the Lead Participant, election of Governing Board members, and the designation of advisors) prior to the discovery or removal of the Conflicting Provisions.

Appears in 2 contracts

Samples: Municipal Cooperation Agreement, Municipal Cooperation Agreement

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Provisions in Conflict with Law. The provisions of this Agreement are severable severable, and if any one or more of such provisions (the Conflicting Provisions) are in conflict with any applicable lawsLaws, the Conflicting Provisions shall be deemed never to have never constituted a part of this Agreement, Agreement and this Agreement may be amended pursuant to Section 11.1 hereof to remove the Conflicting Provisions Provisions; provided, however, that such conflict or amendment shall not affect or impair any of the remaining provisions of this Agreement or render invalid or improper any action taken or omitted (including including, but not limited to to, selection of the Lead Participant, election of Governing Board members, members and the designation of advisors) prior to the discovery or removal of the Conflicting Provisions.

Appears in 1 contract

Samples: Cooperative Liquid Assets Securities System

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Provisions in Conflict with Law. The provisions of this Agreement are severable and if any one or more of such provisions (the Conflicting Provisions) are in conflict with any applicable laws, the Conflicting Provisions shall be deemed to have never constituted a part of this Agreement, and this Agreement may be amended pursuant to Section 11.1 hereof to remove the Conflicting Provisions provided, however, that such conflict or amendment shall not affect or impair any of the remaining provisions of this Agreement or render invalid or improper any action taken or omitted (including but not limited to selection of the Lead Participant, election of Governing Board members, and the designation of advisors) prior to the discovery or removal of the Conflicting Provisions.

Appears in 1 contract

Samples: Municipal Cooperation Agreement

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