Common use of Severability and Assignment Clause in Contracts

Severability and Assignment. If any provision or provisions contained in this Agreement are held to be invalid, illegal or unenforceable, this shall not affect any other provision hereof, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision or provisions had not been contained herein, provided that the benefits afforded each party hereunder are not materially changed. Neither party may assign this Agreement without the prior written consent of the other party and any purported assignment without such consent shall be null and void and of no legal force or effect, provided that either party may assign this Agreement if it would constitute a pro forma assignment (on Form 316) under Section 73.3540(f) of the FCC's rules.

Appears in 3 contracts

Samples: Time Brokerage Agreement (Oro Spanish Broadcasting Inc), Time Brokerage Agreement (Radio Unica Corp), Time Brokerage Agreement (Oro Spanish Broadcasting Inc)

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Severability and Assignment. If any provision or provisions contained in this Agreement are held to be invalid, illegal or unenforceable, this shall not affect any other provision hereof, and this Agreement shall be construed as if such invalid, illegal or unenforceable provision or provisions had not been contained herein, provided that PROVIDED, THAT the benefits afforded each party hereunder are not materially changed. Neither party may assign this Agreement without the prior written consent of the other party and any purported assignment without such consent shall be null and void and of no legal force or effect, provided that PROVIDED, THAT either party may assign this Agreement if it would constitute a pro forma assignment or transfer of control (on Form 316) under Section 73.3540(f) of the FCC's rules.

Appears in 2 contracts

Samples: Time Brokerage Agreement (Radio Unica Communications Corp), Time Brokerage Agreement (Radio Unica Corp)

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