UNENFORCEABLE PROVISIONS definition

UNENFORCEABLE PROVISIONS. If any term or portion of this Agreement is declared by a court to be illegal, invalid or unenforceable, it shall not affect the validity and enforceability of all of the other terms and conditions of the Agreement.
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Examples of UNENFORCEABLE PROVISIONS in a sentence

  • THE PARTIES SHALL ENDEAVOR IN GOOD FAITH NEGOTIATIONS TO REPLACE THE INVALID, ILLEGAL OR UNENFORCEABLE PROVISIONS WITH VALID PROVISIONS THE ECONOMIC EFFECT OF WHICH COMES AS CLOSE AS POSSIBLE TO THAT OF THE INVALID, ILLEGAL OR UNENFORCEABLE PROVISIONS.

  • THE PARTIES SHALL IN SUCH AN INSTANCE USE THEIR BEST EFFORTS TO REPLACE THE INVALID, ILLEGAL OR UNENFORCEABLE PROVISIONS) WITH VALID, LEGAL AND ENFORCEABLE PROVISION(S) WHICH, INSOFAR AS PRACTICAL, IMPLEMENT THE PURPOSES OF THIS AGREEMENT.

  • THE PARTIES HERETO SHALL ENDEAVOR IN GOOD-FAITH NEGOTIATIONS TO REPLACE THE INVALID, ILLEGAL OR UNENFORCEABLE PROVISIONS WITH VALID PROVISIONS THE ECONOMIC EFFECT OF WHICH COMES AS CLOSE AS POSSIBLE TO THAT OF THE INVALID, ILLEGAL OR UNENFORCEABLE PROVISIONS.

  • THE PARTIES WILL ENDEAVOR IN GOOD FAITH NEGOTIATIONS TO REPLACE THE PROHIBITED, INVALID OR UNENFORCEABLE PROVISION(S) WITH A VALID PROVISION(S), THE EFFECT OF WHICH COMES AS CLOSE AS POSSIBLE TO THAT OF THE PROHIBITED, INVALID OR UNENFORCEABLE PROVISION(S).

  • UNENFORCEABLE PROVISIONS: If any provision of this Lease shall be held by a court of competent jurisdiction to be void or unenforceable, the balance hereof shall nevertheless be carried into effect.

  • THE PARTIES SHALL ENDEAVOR IN GOOD-FAITH NEGOTIATIONS TO REPLACE THE INVALID, ILLEGAL OR UNENFORCEABLE PROVISIONS WITH VALID PROVISIONS THE ECONOMIC EFFECT OF WHICH COMES AS CLOSE AS POSSIBLE TO THAT OF THE INVALID, ILLEGAL OR UNENFORCEABLE PROVISIONS.

  • THE PARTIES HERETO SHALL CEASE TO PERFORM SUCH INVALID, ILLEGAL OR ​ ​ UNENFORCEABLE PROVISIONS AND SHALL REVISE THEM TO THE NEAREST EXTENT THAT THEY ARE INTENDED TO BE LEGAL, VALID AND ENFORCEABLE, AND THE ECONOMIC EFFECT OF THE REVISED AND VALID PROVISIONS SHALL BE AS SIMILAR AS POSSIBLE TO THE ECONOMIC EFFECT OF THOSE INVALID, ILLEGAL OR UNENFORCEABLE PROVISIONS.

Related to UNENFORCEABLE PROVISIONS

  • Invalid means one who is physically or mentally incapacitated.

  • Provision in relation to the Act, means words or other matter that form or forms part of the Act, and includes:

  • Other Provisions For the purposes of the Agreement, the Transaction to which this Confirmation relates is a Basis Swap Please confirm that the above correctly sets out the terms of our agreement in respect of the Transaction to which this Confirmation relates by signing and returning this Confirmation to us by facsimile today. Executed documents will follow by mail. Yours sincerely SIGNED for and on behalf of PERPETUAL SIGNED for and on behalf of COMMONWEALTH TRUSTEE COMPANY LIMITED, ABN 42 BANK OF AUSTRALIA, ABN 48 123 123 124 000 001 007, as trustee of the Medallion Trust Series 2007-1G By: By: --------------------------------- ------------------------------------ (Authorised Officer) (Authorised Officer) Name: Name: ------------------------------- ---------------------------------- Title: Title: ------------------------------ --------------------------------- SIGNED for and on behalf of SECURITISATION ADVISORY SERVICES PTY. LIMITED, ABN 88 064 133 946 By: -------------------------------- (Authorised Officer) Name: ------------------------------- Title: ------------------------------ CONFIRMATION FOR QUARTERLY FIXED RATE SWAP - MEDALLION TRUST SERIES 2007-1G Date: TO: Perpetual Trustee Company Limited Securitisation Advisory Services Pty. ABN 42 000 001 007 Limited as trustee of the Series Trust ABN 88 064 133 946 Level 12 Level 7 1▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ SYDNEY NSW 2000 SYDNEY NSW 2000 Attention: Manager, Securitisation Attention: Manager, Securitisation The purpose of this letter is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below (the "TRANSACTION"). This letter constitutes a "CONFIRMATION" as referred to in the Master Agreement specified below. This Confirmation supplements, forms part of, and is subject to, the 1992 ISDA Master Agreement dated as of 15 February 2007, as amended, novated or and supplemented from time to time (the "AGREEMENT"), between Commonwealth Bank of Australia, ABN 48 123 123 124 ("PARTY A"), Perpetual Trustee Company Limited as trustee of the Series Trust ("PARTY B") and Securitisation Advisory Services Pty. Limited (the "MANAGER"). All provisions contained in the Agreement govern this Confirmation except as expressly modified below. The terms of the particular Transaction to which this Confirmation relates are as follows: OUR REFERENCE: 103183 TRADE DATE: February 16, 2007 EFFECTIVE DATE: February 27, 2007

  • invalid carriage means a mechanically propelled vehicle of which the weight unladen does not exceed 254 kilograms and which is specially designed and constructed, and not merely adapted, for the use of a person suffering from some physical default or disability and is used solely by such a person;

  • statutory provision means a provision, whether of a general or a special nature, contained in, or in any document made or issued under, any Act, whether of a general or special nature,