Common use of Severability; Partial Invalidity Clause in Contracts

Severability; Partial Invalidity. The parties to this Agreement desire and intend that the terms and conditions of this Agreement be enforced to the fullest extent permissible under the laws and public policies applied in each jurisdiction in which enforcement is sought. The parties agree specifically that, if any particular term or condition of this Agreement is adjudicated, or becomes by operation or law, invalid or unenforceable, this Agreement will be deemed amended to delete the portion that is adjudicated, or that becomes by operation of law, invalid or unenforceable, the deletion or reduction to apply only with respect to the operation of the term or condition, and the remainder of the Agreement to remain in full force and effect. A deletion or reduction resulting from any adjudication will apply only with respect to the operation of that term in the particular jurisdiction in which the adjudication is made.

Appears in 4 contracts

Samples: Wholesaling Agreement (Equitrust Life Variable Account Ii), Wholesaling Agreement (American Equity Life Variable Account), Wholesaling Agreement (Equitrust Life Variable Account)

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