Common use of Severability of Remedies Clause in Contracts

Severability of Remedies. It is the purpose and intention of this Article VIII to provide rights and remedies to the Trustee and the Owners of the Bonds which may be lawfully granted under the provisions of the Act, but should any right or remedy herein granted be held to be unlawful, the Trustee and the Owners of the Bonds shall be entitled, as above set forth, to every other right and remedy provided in this Indenture and by law.

Appears in 2 contracts

Samples: Indenture of Trust (Northwestern Corp), Indenture of Trust (Northwestern Corp)

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Severability of Remedies. It is the purpose and intention of this Article VIII to provide rights and remedies to the Trustee and the Owners of the Bonds which may be lawfully granted under the provisions of the ActBond Ordinance, but should any right or remedy herein granted be held to be unlawful, unlawful the Trustee and the Owners of the Bonds shall be entitled, as above set forth, to every other right and remedy provided in this Indenture and by law.

Appears in 1 contract

Samples: Loan Agreement (Navistar International Corp)

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Severability of Remedies. It is the purpose and intention of this Article VIII IX to provide rights and remedies to the Trustee and the Owners of the Bonds Bondholders which may be lawfully granted under the provisions of the Act, but but, should any right or remedy herein granted be held to be unlawful, the Trustee and the Owners of the Bonds Bondholders shall be entitled, as above set forth, to every other right and remedy provided in this Indenture and by lawIndenture.

Appears in 1 contract

Samples: Loan Agreement (Converted Organics Inc.)

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