Common use of Successors and Assigns; Severability; Several Obligations Clause in Contracts

Successors and Assigns; Severability; Several Obligations. Subject to Section 3, this Agreement is intended to bind and inure to the benefit of the Parties and their respective permitted successors, assigns, heirs, executors, estates, administrators and representatives. The invalidity or unenforceability at any time of any provision hereof in any jurisdiction shall not affect or diminish in any way the continuing validity and enforceability of the remaining provisions hereof or the continuing validity and enforceability of such provision in any other jurisdiction. The agreements, representations and obligations of the Holder Parties under this Agreement are, in all respects, several and not joint and several.

Appears in 2 contracts

Samples: Restructuring Support Agreement, Restructuring Support Agreement

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Successors and Assigns; Severability; Several Obligations. Subject to Section 34, this Agreement is intended to bind and inure to the benefit of the Parties and their respective permitted successors, assigns, heirs, executors, estates, administrators and representatives. The invalidity or unenforceability at any time of any provision hereof in any jurisdiction shall not affect or diminish in any way the continuing validity and enforceability of the remaining provisions hereof or the continuing validity and enforceability of such provision in any other jurisdiction. The agreements, representations and obligations of the Holder Parties under this Agreement are, in all respects, several and not joint and several.

Appears in 2 contracts

Samples: Crossover Plan Support Agreement, Plan Support Agreement

Successors and Assigns; Severability; Several Obligations. Subject to Section 3, this This Agreement is intended to bind and inure to the benefit of the Parties and their respective permitted successors, assigns, heirs, executors, estates, administrators and representatives. The invalidity or unenforceability at any time of any provision hereof in any jurisdiction shall not affect or diminish in any way the continuing validity and enforceability of the remaining provisions hereof or the continuing validity and enforceability of such provision in any other jurisdictionhereof. The agreements, representations and obligations of the Holder Parties Consenting 5 1/4% Subordinated Noteholders and the Consenting 6 1/4% Subordinated Noteholders under this Agreement are, in all respects, several and not joint and severaljoint.

Appears in 1 contract

Samples: Plan Support Agreement (Ddi Corp)

Successors and Assigns; Severability; Several Obligations. Subject to Section 3, this This Agreement is intended to bind and inure to the benefit of the Parties and their respective permitted successors, assigns, heirs, executors, estates, administrators and representatives. The invalidity or unenforceability at any time of any provision hereof in any jurisdiction shall not affect or diminish in any way the continuing validity and enforceability of the remaining provisions hereof or the continuing validity and enforceability of such provision in any other jurisdiction. The agreements, representations and obligations of the Holder Parties Consenting Holders under this Agreement are, in all respects, several and not joint and severaljoint.

Appears in 1 contract

Samples: Restructuring Support Agreement (Panolam Industries International Inc)

Successors and Assigns; Severability; Several Obligations. Subject to Section 3, this This Agreement is intended to bind and inure to the benefit of the Parties and their respective permitted successors, assigns, heirs, executors, estates, administrators administrators, and representatives. The invalidity or unenforceability at any time of any provision hereof in any jurisdiction shall not affect or diminish in any way the continuing validity and enforceability of the remaining provisions hereof or the continuing validity and enforceability of such provision in any other jurisdiction. The agreements, representations representations, and obligations of the Holder Parties Consenting Noteholders under this Agreement are, in all respects, several and not joint and severaljoint.

Appears in 1 contract

Samples: Transaction Support Agreement (Party City Holdco Inc.)

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Successors and Assigns; Severability; Several Obligations. Subject to Section 3, this This Agreement is intended to bind and inure to the benefit of the Parties and their respective permitted successors, assigns, heirs, executors, estates, administrators and representatives. The invalidity or unenforceability at any time of any provision hereof in any jurisdiction shall not affect or diminish in any way the continuing validity and enforceability of the remaining provisions hereof or the continuing validity and enforceability of such provision in any other jurisdiction. The agreements, representations and obligations of the Holder Parties under this Agreement are, in all respects, several and not joint and severaljoint.

Appears in 1 contract

Samples: Plan Support Agreement

Successors and Assigns; Severability; Several Obligations. Subject to Section 34, this Agreement is intended to bind and inure to the benefit of the Parties and their respective permitted successors, assigns, heirs, executors, estates, administrators and representatives. The invalidity or unenforceability at any time of any provision hereof in any jurisdiction shall not affect or diminish in any way the continuing validity and enforceability of the remaining provisions hereof or the continuing validity and enforceability of such provision in any other jurisdiction. The agreements, representations and obligations of the Holder Parties under this Agreement are, in all respects, several and not joint and several.affect

Appears in 1 contract

Samples: Plan Support Agreement (Avaya Inc)

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