Common use of SEVERABILITY, ALIENATION, ETC Clause in Contracts

SEVERABILITY, ALIENATION, ETC. (a) Any provision of this Trust Agreement No. 7 prohibited by law shall be ineffective to the extent of any such prohibition without invalidating the remaining provisions hereof. (b) To the extent permitted by law, benefits to Participants and Beneficiaries under this Trust Agreement No. 7 may not be anticipated, assigned (either by law or in equity), alienated or subject to attachment, garnishment, levy, execution or other legal or equitable process and no benefit provided for herein and actually paid to any Participant or Beneficiary by the Trustee shall be subject to any claim for repayment by any Participating Employer or the Trustee. (c) This Trust Agreement No. 7 shall be governed by and construed in accordance with the laws of the State of Ohio, without giving effect to the principles of conflict of laws thereof. (d) This Trust Agreement No. 7 may be executed in two or more counterparts, each of which shall be considered an original agreement. This Trust Agreement No. 7 shall become effective immediately upon the execution by Cleveland-Cliffs of at least one counterpart, it being understood that all parties need not sign the same counterpart, but shall not bind any 29 29

Appears in 2 contracts

Samples: Trust Agreement (Cleveland Cliffs Inc), Trust Agreement (Cleveland Cliffs Inc)

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SEVERABILITY, ALIENATION, ETC. (a) Any provision of this Trust Agreement No. 7 6 prohibited by law shall be ineffective to the extent of any such prohibition without invalidating the remaining provisions hereof. (b) To the extent permitted by law, benefits to Participants and Beneficiaries Indemnitees under this Trust Agreement No. 7 6 may not be anticipatedanticipated (except as herein expressly provided), assigned assigned, (either by at law or in equity), ) alienated or subject to attachment, garnishment, levy, execution or other legal or equitable process and no process. No benefit provided for herein and actually paid to any Participant or Beneficiary Indemnitee by the Trustee shall be subject to any claim for repayment by any Participating Employer Cleveland-Cliffs or Trustee, except in the Trusteeevent of (i) a false claim, or (ii) a payment is made to an incorrect Indemnitee. (c) This Trust Agreement No. 7 6 shall be governed by and construed in accordance with the laws of the State of Ohio, without giving effect to the principles of conflict of laws thereof. (d) This Trust Agreement No. 7 6 may be executed in two or more counterparts, each of which shall be considered an original agreement. This Trust Agreement No. 7 6 shall become effective immediately upon the execution by Cleveland-Cliffs of at least one counterpart, it being understood that all parties need not sign the same counterpart, but shall not bind any 29 29Trustee until such Trustee has executed at least one counterpart. 17 17 14.

Appears in 2 contracts

Samples: Indemnification Agreement (Cleveland Cliffs Inc), Indemnification Agreement (Cleveland Cliffs Inc)

SEVERABILITY, ALIENATION, ETC. (a) Any provision of this Trust Agreement No. 7 prohibited by law shall be ineffective to the extent of any such prohibition without invalidating the remaining provisions hereof. (b) To the extent permitted by law, benefits to Participants and Beneficiaries under this Trust Agreement No. 7 may not be anticipated, assigned (either by law or in equity), alienated or subject to attachment, garnishment, levy, execution or other legal or equitable process and no benefit provided for herein and actually paid to any Participant or Beneficiary by the Trustee shall be subject to any claim for repayment by any Participating Employer or the Trustee. (c) This Trust Agreement No. 7 shall be governed by and construed in accordance with the laws of the State of Ohio, without giving effect to the principles of conflict of laws thereof. (d) This Trust Agreement No. 7 may be executed in two or more counterparts, each of which shall be considered an original agreement. This Trust Agreement No. 7 shall become effective immediately upon the execution by Cleveland-Cliffs of at least one counterpart, it being understood that all parties need not sign the same counterpart, but shall not bind any 29 29parties

Appears in 1 contract

Samples: Employment Agreement (Cleveland Cliffs Inc)

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SEVERABILITY, ALIENATION, ETC. (a) Any provision of this Trust Agreement No. 7 2 prohibited by law shall be ineffective to the extent of any such prohibition without invalidating the remaining provisions hereof. (b) To the extent permitted by law, benefits to Participants and Beneficiaries Indemnitees under this Trust Agreement No. 7 2 may not be anticipatedanticipated (except as herein expressly provided), assigned (either by at law or in equity), alienated or subject to attachment, garnishment, levy, execution or other legal or equitable process and no process. No benefit provided for herein and actually paid to any Participant or Beneficiary Indemnitee by the Trustee shall be subject to any claim for repayment by any Participating Employer the Company or Trustee, except in the Trusteeevent of (i) a false claim, or (ii) a payment is made to an incorrect Indemnitee. (c) This Trust Agreement No. 7 2 shall be governed by and construed in accordance with the laws of the State of Ohio, without giving effect to the principles of conflict of laws thereof. (d) This Trust Agreement No. 7 2 may be executed in two or more counterparts, each of which shall be considered an original agreement. This Trust Agreement No. 7 2 shall become effective immediately upon the execution by Cleveland-Cliffs of at least one counterpart, it being understood that all parties need not sign the same counterpart, but shall not bind any 29 2919 19

Appears in 1 contract

Samples: Trust Agreement (Cleveland Cliffs Inc)

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