Common use of Severability and Enforcement Clause in Contracts

Severability and Enforcement. 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 such provision; provided that no such severability shall be effective if it materially changes the economic benefit of this Agreement to any Party. The Parties hereto agree that irreparable damage for which money damages would not be an adequate remedy would occur in the event that any provision of this Agreement were not performed in accordance with its specific terms or was otherwise breached. It is accordingly agreed that, in addition to any other remedies a Party may have at law or equity, the Parties shall be entitled to seek an injunction or injunctions to prevent such breach of this Agreement and to enforce specifically the terms hereof.

Appears in 4 contracts

Samples: Stock Purchase and Sale Agreement (Transportation & Logistics Systems, Inc.), Stock Purchase and Sale Agreement (Transportation & Logistics Systems, Inc.), Stock Purchase and Sale Agreement (Transportation & Logistics Systems, Inc.)

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Severability and Enforcement. In the event that If 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 such provision; provided that no such severability shall be effective if it materially changes the economic benefit of this Agreement to any PartyAgreement. The Parties hereto parties agree that irreparable damage for which money damages would not be an adequate remedy would occur occurs in the event that any provision of this Agreement were not performed in accordance with its specific terms or was otherwise breached. It is accordingly agreed that, in addition to any other remedies a Party party may have at law or equity, the Parties parties shall be entitled to seek an injunction or injunctions to prevent such breach of this Agreement and to enforce specifically the terms hereof.

Appears in 1 contract

Samples: Dealer Registration Agreement

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