Common use of Severability and Modification Clause in Contracts

Severability and Modification. To the extent permitted by applicable law, the parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the parties’ bargain hereunder.

Appears in 17 contracts

Samples: Transition and Separation Agreement (Appfolio Inc), Transition and Separation Agreement (Comscore, Inc.), Confirming Release Agreement (Via Renewables, Inc.)

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Severability and Modification. To the extent permitted by applicable law, the parties Parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the partiesParties’ bargain hereunder.

Appears in 15 contracts

Samples: Separation and General Release Agreement (Pitney Bowes Inc /De/), Separation and Release Agreement (Northern Oil & Gas, Inc.), Confirming Release Agreement (Stronghold Digital Mining, Inc.)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any Any term or provision of this Agreement (or part parts thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the partiesParties’ bargain hereunder.

Appears in 5 contracts

Samples: Separation and General Release Agreement (Comscore, Inc.), Separation and General Release Agreement (Comscore, Inc.), Separation and Release Agreement (Comscore, Inc.)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any Any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the partiesParties’ bargain hereunder.

Appears in 5 contracts

Samples: Separation and General Release Agreement (Select Energy Services, Inc.), Separation Agreement and General Release (Contango Oil & Gas Co), Separation Agreement and General Release (Contango Oil & Gas Co)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the parties’ bargain hereunder.

Appears in 2 contracts

Samples: Separation Agreement and Mutual Release of Claims (Wrap Technologies, Inc.), Separation Agreement and General Release of Claims (Wrap Technologies, Inc.)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the parties' bargain hereunder.

Appears in 1 contract

Samples: Transition and Resignation Agreement (Spark Energy, Inc.)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any Any term or provision of this Agreement (or part parts thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the parties’ bargain hereunder.

Appears in 1 contract

Samples: Separation and Release Agreement (Hi-Crush Inc.)

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Severability and Modification. To the extent permitted by applicable law, the parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance separation or modification shall be accomplished in the manner that most nearly preserves the benefit of the parties’ bargain hereunder.

Appears in 1 contract

Samples: Transition Agreement and General Release of Claims (Wrap Technologies, Inc.)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the partiesParties’ bargain hereunder.

Appears in 1 contract

Samples: Separation Agreement and Release of Claims (Contango Oil & Gas Co)

Severability and Modification. To the extent permitted by applicable law, the parties Parties agree that any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the parties’ Parties' bargain hereunder.

Appears in 1 contract

Samples: Separation and General Release Agreement (Pitney Bowes Inc /De/)

Severability and Modification. To the extent permitted by applicable law, the parties agree that any Any term or provision of this Agreement (or part thereof) that renders such term or provision (or part thereof) or any other term or provision (or part thereof) of this Agreement invalid or unenforceable in any respect shall be severable and shall be modified or severed to the extent necessary to avoid rendering such term or provision (or part thereof) invalid or unenforceable, and such severance or modification shall be accomplished in the manner that most nearly preserves the benefit of the partiesParties’ bargain hereunder. 14.

Appears in 1 contract

Samples: Version Separation Agreement (Riley Exploration Permian, Inc.)

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