Common use of Severability; Illegality Clause in Contracts

Severability; Illegality. If compliance by either party with any provision of the Transaction would be unenforceable or illegal, (i) the parties shall negotiate in good faith to resolve such unenforceability or illegality in a manner that preserves the economic benefits of the transactions contemplated hereby and (ii) the other provisions of the Transaction shall not be invalidated, but shall remain in full force and effect.

Appears in 20 contracts

Samples: Confirmation (PPL Corp), Confirmation (PPL Corp), Confirmation (PPL Corp)

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Severability; Illegality. If compliance by either party with any provision of the Transaction would be unenforceable or illegal, (ia) the parties shall negotiate in good faith to resolve such unenforceability or illegality in a manner that preserves the economic benefits of the transactions contemplated hereby and (iib) the other provisions of the Transaction shall not be invalidated, but shall remain in full force and effect.

Appears in 20 contracts

Samples: Call Option Transaction (Intercept Pharmaceuticals Inc), Base Call Option Transaction (Intercept Pharmaceuticals Inc), Base Call Option Transaction (Intercept Pharmaceuticals Inc)

Severability; Illegality. If Notwithstanding anything to the contrary in the Agreement, if compliance by either party with any provision of the Transaction would be unenforceable or illegal, (ia) the parties shall negotiate in good faith to resolve such unenforceability or illegality in a manner that preserves the economic benefits of the transactions contemplated hereby and (iib) the other provisions of the Transaction shall not be invalidated, but shall remain in full force and effect.

Appears in 16 contracts

Samples: Base Capped Call Transaction (China Lodging Group, LTD), Additional Capped Call Transaction (China Lodging Group, LTD), Note Hedge Transaction (DISH Network CORP)

Severability; Illegality. If Notwithstanding anything to the contrary in the Agreement, if compliance by either party with any provision of the Transaction would be unenforceable or illegal, (i) the parties shall negotiate in good faith to resolve such unenforceability or illegality in a manner that preserves the economic benefits of the transactions contemplated hereby and (ii) the other provisions of the Transaction shall not be invalidated, but shall remain in full force and effect.

Appears in 7 contracts

Samples: Confirmation (Waha Capital PJSC), Funded Collar Transaction (Waha Capital PJSC), Funded Collar Transaction Confirmation (Waha Capital PJSC)

Severability; Illegality. If compliance by either party with any provision of the this Transaction would be unenforceable or illegal, (i) the parties shall negotiate in good faith to resolve such unenforceability or illegality in a manner that preserves the economic benefits of the transactions contemplated hereby and (ii) the other provisions of the this Transaction shall not be invalidated, but shall remain in full force and effect.

Appears in 6 contracts

Samples: Distribution Agreement (American Electric Power Co Inc), Atm Equity Offering Sales Agreement (Piedmont Natural Gas Co Inc), Atm Equity Offering Sales Agreement (Piedmont Natural Gas Co Inc)

Severability; Illegality. If compliance by either party with any provision of the a Transaction would be unenforceable or illegal, (i) the parties shall negotiate in good faith to resolve such unenforceability or illegality in a manner that preserves the economic benefits of the transactions contemplated hereby and (ii) the other provisions of the Transaction shall not be invalidated, but shall remain in full force and effect.

Appears in 4 contracts

Samples: Amendment Agreement (Equinix Inc), Amendment Agreement (Equinix Inc), Amendment Agreement (Equinix Inc)

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Severability; Illegality. If compliance by either party with any provision of the a Transaction would be unenforceable or illegal, (i) the parties shall negotiate in good faith to resolve such unenforceability or illegality in a manner that preserves the economic benefits of the transactions contemplated hereby and (ii) the other provisions of the such Transaction shall not be invalidated, but shall remain in full force and effect.

Appears in 1 contract

Samples: Novation Agreement (Gulf Hungary Holding Korlatolt Felelossegu Tarsasag)

Severability; Illegality. If compliance by either party with any provision of the Additional Payment Transaction would be unenforceable or illegal, (i) the parties shall negotiate in good faith to resolve such unenforceability or illegality in a manner that preserves the economic benefits of the transactions contemplated hereby and (ii) the other provisions of the Additional Payment Transaction shall not be invalidated, but shall remain in full force and effect.

Appears in 1 contract

Samples: Confirmation (Partnerre LTD)

Severability; Illegality. If compliance by either any party with any provision of the Transaction would be unenforceable or illegal, (i) the parties shall negotiate in good faith to resolve such unenforceability or illegality in a manner that preserves the economic benefits of the transactions contemplated hereby and (ii) the other provisions of the Transaction shall not be invalidated, but shall remain in full force and effect.

Appears in 1 contract

Samples: Confirmation (Sealy Corp)

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