Common use of Representations and Warranties Survive the Closing Clause in Contracts

Representations and Warranties Survive the Closing. Severability. Subscriber's and the Company's representations and warranties shall survive the Initial Tranche Closing and any Call Closing contemplated by this Agreement notwithstanding any due diligence investigation made by or on behalf of the party seeking to rely thereon. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided that no such severability shall be effective if it materially changes the economic benefit of this Agreement to any party.

Appears in 2 contracts

Samples: Subscription Agreement (Techniclone Corp/De/), Subscription Agreement (Techniclone Corp/De/)

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Representations and Warranties Survive the Closing. Severability. The Subscriber's and the Company's representations and warranties ------------ shall survive the Initial Tranche Closing and any Call Closing contemplated by this Agreement of the transaction provided for hereby notwithstanding any due diligence investigation made by or on behalf of the party seeking to rely thereon. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall continue in full force and effect without said provision; provided that no such severability shall be effective if it materially changes the economic benefit of this Agreement to any party.

Appears in 1 contract

Samples: Regulation D Subscription Agreement (Si Diamond Technology Inc)

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Representations and Warranties Survive the Closing. Severability. Agreement is Severable The Subscriber's and the Company's representations and warranties shall survive the Initial Tranche Closing and any Call Closing contemplated by this Agreement closing of the transaction notwithstanding any due diligence investigation made by or on behalf of the party seeking to rely thereon. In the event that any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, this Agreement shall to the extent permitted by law continue in full force and effect without said provision; provided that no such severability shall be effective if it materially changes the economic benefit of this Agreement to any party.

Appears in 1 contract

Samples: Regulation S Securities Subscription Agreement (Unigene Laboratories Inc)

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