Severability and Partial Invalidity. (a) Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction. (b) If a court of competent jurisdiction determines that any term or provision of this Agreement as written is invalid or unenforceable, the parties agree that the court making the determination of invalidity or unenforceability shall reduce the scope, duration, or area of the term or provision, delete specific words or phrases, or replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified after the expiration of the time within which the court’s judgment may be appealed.
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Samples: Subordinated Loan Agreement (Adama Agricultural Solutions Ltd.), Liquidity Agreement (Adama Agricultural Solutions Ltd.), Receivables Funding Agreement (Adama Agricultural Solutions Ltd.)
Severability and Partial Invalidity. (a) Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof of this Agreement or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction.
(b) If a court of competent jurisdiction determines that any term or provision of this Agreement as written is invalid or unenforceable, the parties agree that the court making the determination of invalidity or unenforceability shall reduce the scope, duration, or area of the term or provision, delete specific words or phrases, or replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement shall be enforceable as so modified after the expiration of the time within which the court’s judgment may be appealed.
Appears in 3 contracts
Samples: Deed of Amendment (Associates Realty, Inc.), Receivables Servicing Agreement (Realogy Corp), Receivables Funding Agreement (Realogy Corp)
Severability and Partial Invalidity. (a) Any term or provision of this Agreement Deed that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction.
(b) If a court of competent jurisdiction determines that any term or provision of this Agreement Deed as written is invalid or unenforceable, the parties agree that the court making the determination of invalidity or unenforceability shall reduce the scope, duration, or area of the term or provision, delete specific words or phrases, or replace any invalid or unenforceable term or provision with a term or provision that is valid and enforceable and that comes closest to expressing the intention of the invalid or unenforceable term or provision, and this Agreement Deed shall be enforceable as so modified after the expiration of the time within which the court’s judgment may be appealed.
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