Common use of 3Severability Clause in Contracts

3Severability. If any provision of this Agreement, or the application of any such provision to any party or circumstance is held to be unenforceable or invalid by any governmental body or arbitrator or under any law, ordinance or regulation, the Parties will negotiate an equitable adjustment to the provisions of this Agreement with the view to effecting, to the greatest extent possible, the original purpose and intent of this Agreement. In any event, the invalidity of any provision of this Agreement or portion of a provision will not affect the validity of any other provision of this Agreement or the remaining portion of the applicable provision.

Appears in 3 contracts

Sources: Interest Purchase Agreement (Solar Integrated Roofing Corp.), Interest Purchase Agreement (Solar Integrated Roofing Corp.), Interest Purchase Agreement (Solar Integrated Roofing Corp.)

3Severability. If any provision of this AgreementThis Agreement shall be deemed severable, and the invalidity or the application unenforceability of any such term or provision to any party hereof shall not affect the validity or circumstance is held to be unenforceable or invalid by any governmental body or arbitrator or under any law, ordinance or regulation, the Parties will negotiate an equitable adjustment to the provisions of this Agreement with the view to effecting, to the greatest extent possible, the original purpose and intent of this Agreement. In any event, the invalidity of any provision enforceability of this Agreement or portion of a provision will not affect the validity of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, 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 the remaining portion of the applicable provisionunenforceable provision as may be possible and be valid and enforceable.

Appears in 2 contracts

Sources: Warrant Agreement (Chavant Capital Acquisition Corp.), Registration Rights Agreement (DJSP Enterprises, Inc.)

3Severability. If any provision of this AgreementThis Agreement shall be deemed severable, and the invalidity or the application unenforceability of any such term or provision to any party hereof shall not affect the validity or circumstance is held to be unenforceable or invalid by any governmental body or arbitrator or under any law, ordinance or regulation, the Parties will negotiate an equitable adjustment to the provisions of this Agreement with the view to effecting, to the greatest extent possible, the original purpose and intent of this Agreement. In any event, the invalidity of any provision enforceability of this Agreement or portion of a provision will not affect the validity of any other term or provision hereof. Furthermore, in lieu of any such invalid or unenforceable term or provision, 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 the remaining portion of the applicable provision.unenforceable provision as may be possible that is valid and enforceable. ​

Appears in 1 contract

Sources: Registration and Shareholder Rights Agreement (Iconic Sports Acquisition Corp.)

3Severability. If any provision of this Agreement, or the application thereof, shall for any reason and to any extent be invalid or unenforceable, then the remainder of any this Agreement and the application of such provision to any party other persons or circumstance is held circumstances shall be interpreted so as reasonably to be effect the intent of the parties hereto. The parties further agree to replace such void or unenforceable or invalid by any governmental body or arbitrator or under any law, ordinance or regulation, the Parties will negotiate an equitable adjustment to the provisions provision of this Agreement with the view to effectinga valid and enforceable provision that shall achieve, to the greatest extent possible, the original purpose economic, business and intent of this Agreement. In any event, the invalidity of any provision of this Agreement or portion of a provision will not affect the validity of any other provision of this Agreement or the remaining portion purposes of the applicable void or unenforceable provision.

Appears in 1 contract

Sources: Purchase Agreement (SWVL Holdings Corp)