Common use of Scope of Restriction Clause in Contracts

Scope of Restriction. It is the intent of the parties hereto that the covenants contained in this Agreement shall be enforced to the fullest extent permissible under the laws of and public policies of each jurisdiction in which enforcement is sought (the Shareholders hereby acknowledge that said restrictions are reasonably necessary for the protection of TTIS and Subsidiary). Accordingly, it is hereby agreed that if any one or more of the provisions of subsections 5.2 or 5.3 shall be adjudicated to be invalid or unenforceable for any reason whatsoever, said provision shall be (only with respect to the operation thereof in the particular jurisdiction in which such adjudication is made) construed by limiting and reducing it so as to be enforceable to the extent permissible.

Appears in 2 contracts

Samples: Merger Agreement (Take Two Interactive Software Inc), Merger Agreement (Take Two Interactive Software Inc)

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Scope of Restriction. It is the intent of the parties hereto that the covenants contained in this Agreement Article 7 shall be enforced to the fullest extent permissible under the laws of and public policies of each jurisdiction in which enforcement is sought (the Shareholders Seller, Buyer and Audio each hereby acknowledge acknowledging that said restrictions are reasonably necessary for the protection of TTIS and Subsidiarythe other party). Accordingly, it is hereby agreed that if any one or more of the provisions of subsections 5.2 or 5.3 this Article 7 shall be adjudicated to be invalid or unenforceable for any reason whatsoever, said provision shall be (only with respect to the operation thereof in the particular jurisdiction in which such adjudication is made) construed by limiting and reducing it so as to be enforceable to the extent permissible.

Appears in 1 contract

Samples: Asset Purchase Agreement (Audio Book Club Inc)

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Scope of Restriction. It is the intent of the parties hereto that the covenants contained in this Agreement Article 7 shall be enforced to the fullest extent permissible under the laws of and public policies of each jurisdiction in which enforcement is sought (the Shareholders Company and the Selling Stockholders hereby acknowledge acknowledging that said restrictions are reasonably necessary for the protection of TTIS and SubsidiaryBuyer). Accordingly, it is hereby agreed that if any one or more of the provisions of subsections 5.2 or 5.3 this Article 7 shall be adjudicated to be invalid or unenforceable for any reason whatsoever, said provision shall be (only with respect to the operation thereof in the particular jurisdiction in which such adjudication is made) construed by limiting and reducing it so as to be enforceable to the extent permissible.

Appears in 1 contract

Samples: Asset Purchase Agreement (Us Home & Garden Trust I)

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