Common use of S everability Clause in Contracts

S everability. If any provision of this Agreement is held or made invalid or unenforceable for any reason, such invalidity or unenforceability shall not affect the remainder of this Agreement, and the invalid or unenforceable provisions shall be replaced by a mutually acceptable provision, which, being valid, legal and enforceable, comes closest to the original intentions of the parties hereto and has like economic effect.

Appears in 2 contracts

Samples: www.rail.co.il, www.rail.co.il

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S everability. If any provision of this Agreement is shall for any reason be held or made to be invalid or unenforceable for any reasonunenforceable, such the invalidity or unenforceability of such provision shall not affect any of the remainder remaining provisions of this Agreement, Agreement and the invalid or unenforceable provisions this Agreement shall be replaced by a mutually acceptable provision, which, being valid, legal construed and enforceable, comes closest to the original intentions of the parties hereto enforced as if such invalid and has like economic effectunenforceable provision had not been contained herein.

Appears in 1 contract

Samples: Municipal Solid Waste Management Agreement

S everability. If In the event that any provision one or more provisions of this Agreement is shall for any reason be held or made invalid invalid, illegal or unenforceable for in any reasonrespect, by any court of competent jurisdiction, such invalidity invalidity, illegality or unenforceability shall not affect the remainder any other provisions of this Agreement, Agreement and the invalid or unenforceable provisions parties shall be replaced by use their reasonable best efforts to substitute a mutually acceptable provision, which, being valid, legal and enforceableenforceable provision which, comes closest to insofar as practicable, implements the original intentions purposes and intents of the parties hereto and has like economic effectthis Agreement.

Appears in 1 contract

Samples: Asset Purchase Agreement

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S everability. If any provision of this This Agreement is held or made invalid or unenforceable for any reasonshall be deemed severable, such and the invalidity or unenforceability of any term or provision hereof shall not affect the remainder validity or enforceability of this AgreementAgreement or of any other term or provision hereof. Furthermore, and the in lieu of any such invalid or unenforceable provisions shall be replaced by a mutually acceptable term or provision, which, being valid, legal and enforceable, comes closest to the original intentions of the parties hereto intend that there shall be added as a part of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be possible and has like economic effectbe valid and enforceable.

Appears in 1 contract

Samples: Warrant Agreement

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