Severability of Invalid or Unenforceable Provisions. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect.
Severability of Invalid or Unenforceable Provisions. If any provision If any provision contained in Agreement is held to be unenforceable by a court of law or equity, this Agreement shall be construed as if such provision did not exist and the non-enforceability of such provision shall not be held to render any other provision or provisions of this Agreement unenforceable.
Severability of Invalid or Unenforceable Provisions. The invalidity or unenforceability of any provision or provisions of this Agreement shall not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. If, after the date hereof, the Company or Executive shall reasonably conclude that the deferral or payment of all or any portion of any amounts due hereunder may cause the application of accelerated or additional taxes under Section 409A of the Code, as amended, and any applicable regulatory guidance promulgated thereunder (“409A”), the Company and the Executive shall expeditiously attempt to restructure such payments in a mutually acceptable manner to as nearly as possible conform to the commercial terms set forth in this Agreement, but so as to minimize the application of any such accelerated or additional taxes on such payments.
Severability of Invalid or Unenforceable Provisions. If any provision contained in Agreement is held to be unenforceable by a court of law or equity, this Agreement shall be construed as if such provision did not exist and the nonenforceability of such provision shall not be held to render any other provision or provisions of this Agreement unenforceable; provided however, in the event that any of the provisions of Sections 3.2, 3.3 or 3.4 are determined by a court of competent jurisdiction to be unenforceable, in whole or in part, for any reason, the Parties agree that submittal of the next Final Map for the Development shall not be due until December 31, 2027 or, if a shorter period is required by Nevada Revised Statutes, the longest period allowed under Nevada Revised Statutes, and no in-lieu of fee amounts shall be due or payable as provided in Section 3.3.2, above.
