Common use of Validity and Severability Clause in Contracts

Validity and Severability. If any term or provision of this Agreement is held to be illegal, invalid or unenforceable under the present or future laws effective during the term of this Agreement, (1) such term or provision shall be fully severable, (2) this Agreement shall be construed and enforced as if such term or provision had never comprised a part of this Agreement and (3) the remaining terms and provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable term or provision or by its severance from this Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable term or provision, there shall be added automatically as a part of this Agreement, a term or provision as similar to such illegal, invalid or unenforceable term or provision as may be possible and be legal, valid and enforceable.

Appears in 53 contracts

Samples: Change in Control Agreement (Pioneer Natural Resources Co), Change in Control Agreement (Pioneer Natural Resources Co), Change in Control Agreement (Pioneer Natural Resources Co)

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Validity and Severability. If any term or provision of this Agreement is held to be illegal, invalid or unenforceable under the present or future laws effective during the term of this Agreement, (1) such term or provision shall be fully severable, (2) ; this Agreement shall be construed and enforced as if such term illegal, invalid or unenforceable provision had never comprised a part of this Agreement Agreement; and (3) the remaining terms and provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable term or provision or by its severance from this Agreement. Furthermore, in In lieu of such illegal, invalid or unenforceable term or provisionprovisions, there shall be added automatically as a part of this Agreement, Agreement a term or provision as similar in terms to such illegal, invalid or unenforceable term or provision as may be possible and be legal, valid and enforceable.

Appears in 6 contracts

Samples: Exploration Participation Agreement (Nabors Industries LTD), Exploration Participation Agreement (Nabors Industries LTD), Purchase and Sale Agreement (Nabors Industries LTD)

Validity and Severability. If any term or provision of this Agreement is held to be illegal, invalid or unenforceable under the present or future laws effective during the term of this Agreement, (1) such term or provision shall be fully severable, (2) ; this Agreement shall be construed and enforced as if such term illegal, invalid, or unenforceable provision had never comprised a part of this Agreement Agreement; and (3) the remaining terms and provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable term or provision or by its severance from this Agreement. Furthermore, in lieu of such illegal, invalid invalid, or unenforceable term or provision, there shall be added automatically as a part of this Agreement, Agreement a term or provision as similar in terms to such illegal, invalid or unenforceable term or provision as may be possible and be legal, valid and enforceableprovision.

Appears in 1 contract

Samples: Joint Venture Agreement (Can Cal Resources LTD)

Validity and Severability. If any term or provision of this Agreement is held to be illegal, invalid or unenforceable under the present or future laws effective during the term of this Agreement, (1) such term or provision shall be fully severable, (2) this Agreement shall be construed and enforced as if such term or provision had never comprised a part of this Agreement Agreement, and (3) the remaining terms and provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable term or provision or by its severance from this Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable term or provision, there shall be added automatically as a part of this Agreement, a term or provision as similar to such illegal, invalid or unenforceable term or provision as may be possible and be legal, valid and enforceable.. [Signatures on next page]

Appears in 1 contract

Samples: Executive Severance Agreement (Boss Holdings Inc)

Validity and Severability. If any term or provision of this Agreement is held to be illegal, invalid invalid, or unenforceable under the present or future laws effective during the term of this Agreement, (1) such term or provision shall be fully severable, (2) ; this Agreement shall be construed and enforced as if such term illegal, invalid, or unenforceable provision had never comprised a part of this Agreement Agreement; and (3) the remaining terms and provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid invalid, or unenforceable term or provision or by its severance from this Agreement. Furthermore, in lieu of such illegal, invalid invalid, or unenforceable term or provision, there shall be added automatically as a part of this Agreement, Agreement a term or provision as similar in terms to such illegal, invalid invalid, or unenforceable term or provision as may be possible and still be legal, valid valid, and enforceable.

Appears in 1 contract

Samples: Cd Warehouse Inc

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Validity and Severability. If any term or provision of this Agreement is held to be illegal, invalid or unenforceable under the present or future laws effective during the term of this Agreement, Agreement (1) such term or provision shall be fully severable, (2) this Agreement shall be construed and enforced as if such term or provision had never comprised constituted a part of this Agreement and (3) the remaining terms and provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable term or provision or by its severance from this Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable term or provision, there shall be added automatically as a part of this Agreement, Agreement a term or provision as similar to such illegal, invalid or unenforceable term or provision as may be possible and be legal, valid and enforceable.

Appears in 1 contract

Samples: Severance Agreement (Regency Energy Partners LP)

Validity and Severability. If any term or provision of this Agreement is held to be illegal, invalid or unenforceable under the present or future laws effective during the term of this Agreement, Agreement (1) such term or provision shall be fully severable, (2) this Agreement shall be construed and enforced as if such term or provision had never comprised a part of this Agreement and (3) the remaining terms and provisions of this Agreement shall remain in full force and effect and shall not be affected by the illegal, invalid or unenforceable term or provision or by its severance from this Agreement. Furthermore, in lieu of such illegal, invalid or unenforceable term or provision, there shall be added automatically as a part of this Agreement, Agreement a term or provision as similar to such illegal, invalid or unenforceable term or provision as may be possible and be legal, valid and enforceable.

Appears in 1 contract

Samples: Severance Agreement (Regency Energy Partners LP)

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