Termination for Unenforceability of Agreement Sample Clauses

Termination for Unenforceability of Agreement. (a) If any court, agency and/or other entity with competent jurisdiction shall finally determine that this Agreement is unenforceable and/or prohibited by law, or, if for any reason the Township Council is legally prohibited from enacting any ordinance establishing the rates for the supply of service to the customers of the System that are required to be established by the Township in accordance with the provisions hereof, or any such ordinance so enacted shall fail to become legally effective or shall no longer be legally effective, then the Township and the Operator shall each have the right to terminate this Agreement, upon thirty (30) Days' prior written notice to the other party. (b) If this Agreement is terminated pursuant to this Section 9.4, the Township shall pay the Operator the sum determined in accordance with the following formula: A + B + C - D + E - F + G Where: A = The sum of (1) the unamortized amount of the Initial Concession Payment (assuming level debt service amortized over the Term of the Agreement from the Commencement Date with simple interest at the rate of five per centum (5%) per annum) and (2) the unamortized amount of the Actual Defeasance Amount (assuming level debt service amortized over ten (10) years from the Commencement Date with simple interest at the rate of five per centum (5%) per annum).
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Termination for Unenforceability of Agreement. (a) If any court, agency and/or other entity with competent jurisdiction shall finally determine that this Agreement is unenforceable and/or prohibited by law, or, if for any reason the City Council is legally prohibited from enacting any ordinance establishing the rates for the supply of water service to the customers of the System which are required to be established by the City in accordance with Section 5.1(d) and Section 9.4 hereof or any such ordinance so enacted shall fail to become legally effective or shall no longer be legally effective, then the City and the Contract Partner shall each have the right to terminate this Agreement, upon ninety (90) days' prior written notice to the other party provided that the City shall make a payment to the
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Related to Termination for Unenforceability of Agreement

  • Unenforceability of Provisions If any provision of this Agreement, or any portion thereof, is held to be invalid and unenforceable, then the remainder of this Agreement shall nevertheless remain in full force and effect.

  • Enforceability of Agreement Each of the Parties to the extent enforceable waives any right to assert that the exercise of termination rights under this Agreement is subject to the automatic stay provisions of the Bankruptcy Code, and expressly stipulates and consents hereunder to the prospective modification of the automatic stay provisions of the Bankruptcy Code for purposes of exercising termination rights under this Agreement, to the extent the Bankruptcy Court determines that such relief is required.

  • Severability of Agreement Should any part of this Agreement for any reason be declared invalid by a court of competent jurisdiction, such decision shall not affect the validity of any remaining portion, which remaining provisions shall remain in full force and effect as if this Agreement had been executed with the invalid portion thereof eliminated, and it is hereby declared the intention of the parties that they would have executed the remaining portions of this Agreement without including any such part, parts or portions which may, for any reason, be hereafter declared invalid.

  • Invalidity or Unenforceability of Any Provision The invalidity or unenforceability of any provision of this Agreement will not affect the validity or enforceability of any other provision of this Agreement and any invalid or unenforceable provision will be deemed to be severed.

  • Enforceability of Agreements All agreements between the Company and third parties expressly referenced in the Prospectus, other than such agreements that have expired by their terms or whose termination is disclosed in documents filed by the Company on XXXXX, are legal, valid and binding obligations of the Company and, to the Company’s knowledge, enforceable in accordance with their respective terms, except to the extent that (i) enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally and by general equitable principles and (ii) the indemnification provisions of certain agreements may be limited by federal or state securities laws or public policy considerations in respect thereof, and except for any unenforceability that, individually or in the aggregate, would not have a Material Adverse Effect.

  • Severability of Invalid Provisions If any provision of this Lease shall be held to be invalid, void or unenforceable, the remaining provisions hereof shall not be affected or impaired, and such remaining provisions shall remain in full force and effect.

  • Survival of Provisions Upon Invalidity of Any Single Provision In case any provision in this Agreement shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

  • STABILITY OF AGREEMENT No amendment, alteration or variation of the terms or provisions of this Agreement shall bind the parties hereto unless made and executed in writing by the parties hereto.

  • Applicability of Agreement The Developer agrees that the Lands shall be developed and used only in accordance with and subject to the terms and conditions of this Agreement.

  • Severability of Provision Each provision of this Agreement is severable from every other provision in determining the enforceability of any provision.

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