Void or unenforceable restrictions. Without prejudice to Clause 8.5, if any restriction or undertaking is found by any court, arbitration hearing or other competent authority to be void or unenforceable the Parties shall negotiate in good faith to replace such void or unenforceable restriction or undertaking with a valid provision which, as far as possible, has the same commercial effect as that which it replaces.
Appears in 4 contracts
Samples: Stock Purchase Agreement, Stock Purchase Agreement (Watson Pharmaceuticals Inc), Stock Purchase Agreement (Watson Pharmaceuticals Inc)
Void or unenforceable restrictions. Without prejudice to Clause 8.5clause 7.4, if any restriction or undertaking is found by any court, arbitration hearing court or other competent authority to be void or unenforceable the Parties parties shall negotiate in good faith to replace such void or unenforceable restriction or undertaking with a valid provision which, as far as possible, has the same commercial effect as that which it replaces.
Appears in 2 contracts
Samples: Share Purchase Agreement (UCI Holdco, Inc.), Share Purchase Agreement (United Components Inc)
Void or unenforceable restrictions. Without prejudice to Clause 8.5, if any restriction or undertaking is found by any court, arbitration hearing court or other competent authority to be void or unenforceable the Parties parties shall negotiate in good faith to replace such void or unenforceable restriction or undertaking with a valid provision which, as far as possible, has the same legal and commercial effect as that which it replaces.
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Void or unenforceable restrictions. Without prejudice to Clause 8.57.6, if any restriction or undertaking is found by any court, arbitration hearing court or other competent authority to be void or unenforceable the Parties parties shall negotiate in good faith to replace such void or unenforceable restriction or undertaking with a valid provision which, as far as possible, has the same legal and commercial effect as that which it replaces.
Appears in 1 contract
Samples: Agreement (Trio Tech International)
Void or unenforceable restrictions. Without prejudice to Clause 8.5clause 10.5, if any restriction or undertaking is found by any court, arbitration hearing court or other competent authority to be void or unenforceable the Parties parties shall negotiate in good faith to replace such void or unenforceable restriction or undertaking with a valid provision which, as far as possible, has the same commercial effect as that the provision which it replaces.
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