Common use of SURVIVABILITY AND SEVERABILITY Clause in Contracts

SURVIVABILITY AND SEVERABILITY. a. Any term, condition, covenant or obligation which requires performance by either party subsequent to termination of this Mortgage shall remain enforceable against such party subsequent to such termination. b. In the event any section, sentence, clause or provision of this Mortgage is held to be invalid, illegal or unenforceable by a court having jurisdiction over the matter, the remainder of this Mortgage shall not be affected by such determination and shall remain in full force and effect.

Appears in 5 contracts

Samples: Funding Agreement, Funding Agreement, Purchase and Sale Agreement

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