Common use of Waiver and Severability Clause in Contracts

Waiver and Severability. (a) No waiver, either express or implied, by any Party hereto of any term or condition of this Agreement or right to enforcement thereof shall be effective, unless such waiver is in writing and signed by both Parties. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way adversely affect the rights of the Party granting such waiver in any other respect or at any other time. The failure of any Party to exercise any rights or privileges under this Agreement shall not be construed as a waiver of any such rights or privileges under this Agreement. The rights and remedies provided in this Agreement are cumulative and, except as otherwise expressly provided in this Agreement, none is exclusive of any other or of any rights or remedies that any Party may hereunder or otherwise have at law or in equity. (b) Whenever possible, each provision or portion of any provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or portion of any provision in such jurisdiction, and this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never been contained herein.

Appears in 22 contracts

Samples: Membership Interest Contribution Agreement, Asset Purchase Agreement (Landmark Infrastructure Partners LP), Contribution Agreement (Landmark Infrastructure Partners LP)

AutoNDA by SimpleDocs

Waiver and Severability. (a) No waiver, either express or implied, by any Party hereto of any term or condition of this Agreement or right to enforcement thereof shall be effective, unless such waiver is in writing and signed by both Partieseach Party. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way adversely affect the rights of the Party granting such waiver in any other respect or at any other time. The failure of any Party to exercise any rights or privileges under this Agreement shall not be construed as a waiver of any such rights or privileges under this Agreement. The rights and remedies provided in this Agreement are cumulative and, except as otherwise expressly provided in this Agreement, none is exclusive of any other or of any rights or remedies that any Party may hereunder or otherwise have at law or in equity. (b) Whenever possible, each provision or portion of any provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or portion of any provision in such jurisdiction, and this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never been contained herein.

Appears in 9 contracts

Samples: Unit Purchase Agreement (Occidental Petroleum Corp /De/), Unit Purchase Agreement (Occidental Petroleum Corp /De/), Unit Purchase Agreement (Occidental Petroleum Corp /De/)

Waiver and Severability. (a) No waiver, either express or implied, by any Party hereto of any term or condition of this Agreement or right to enforcement thereof shall be effective, unless such waiver is in writing and signed by both all Parties. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way adversely affect the rights of the Party Parties granting such waiver in any other respect or at any other time. The failure of any Party to exercise any rights or privileges under this Agreement shall not be construed as a waiver of any such rights or privileges under this Agreement. The rights and remedies provided in this Agreement are cumulative and, except as otherwise expressly provided in this Agreement, none is exclusive of any other or of any rights or remedies that any Party may hereunder or otherwise have at law or in equity. (b) Whenever possible, each provision or portion of any provision of this Agreement shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or unenforceable in any respect under any applicable law or rule in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or portion of any provision in such jurisdiction, and this Agreement shall be reformed, construed and enforced in such jurisdiction as if such invalid, illegal or unenforceable provision or portion of any provision had never been contained herein.

Appears in 4 contracts

Samples: Redemption Agreement (MPLX Lp), Redemption Agreement (Marathon Petroleum Corp), Membership Interests and Shares Contributions Agreement (MPLX Lp)

AutoNDA by SimpleDocs

Waiver and Severability. (a) No waiver, either express or implied, by any Party hereto of any term or condition of this Agreement or right to enforcement thereof shall be effective, unless such waiver is in writing and signed by both Parties. Any such waiver shall constitute a waiver only with respect to the specific matter described in such writing and shall in no way adversely affect the rights of the Party granting such waiver in any other respect or at any other time. The failure of any Party to exercise any rights or privileges under this Agreement shall not be construed as a waiver of any such rights or privileges under this Agreement. The rights and remedies provided in this Agreement are cumulative and, except as otherwise expressly provided in this Agreement, none is exclusive of any other or of any rights or remedies that any Party may hereunder or otherwise have at law or in equity. (b) Whenever possible, each provision or portion of any provision the provisions of this Agreement shall be deemed, or shall constitute, a waiver of any other provision, whether or not similar, nor shall any waiver constitute a continuing waiver. No waiver shall be binding unless executed in writing by the party making the waiver. This Agreement shall be interpreted as a whole and neither for or against either party, in such manner as accordance with their common meaning, but taking into account the nature of the project to be effective rendered and valid under applicable lawthe standards and responsibilities of the parties as professionals rendering those project activities as herein specified. In the event of a conflict between the provisions in the body of this Agreement and any Exhibits, but the terms in the body of this Agreement shall control. The terms of this Agreement are severable, and if any provision or portion of any provision term of this Agreement is held determined to be invalid, illegal invalid or unenforceable under any controlling body of law, such invalidity or non-enforceability shall not in any respect under any applicable law way affect the validity or rule enforceability of the remaining terms or the validity or enforceability of those terms in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision or portion of any provision in such jurisdiction, jurisdiction where they are valid and this Agreement shall enforceable. The parties desire the terms herein to be reformed, construed valid and enforced to the maximum extent not prohibited by law, regulation or court order in such a given jurisdiction and as if such invalidsuch, illegal any invalid or unenforceable provision or portion terms will be reformed by the parties to effectuate the intent of any provision had never been contained hereinthe parties as evidenced on the Effective Date.

Appears in 3 contracts

Samples: Evaluation Agreement (Accelr8 Technology Corp), Evaluation Agreement (Accelr8 Technology Corp), Evaluation Agreement (Accelr8 Technology Corp)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!