Common use of 5Severability Clause in Contracts

5Severability. If any provision of this Agreement is or becomes at any time illegal, invalid or unenforceable in any respect, neither the legality, validity nor enforceability of the remaining provisions hereof shall in any way be affected or impaired thereby. The Parties undertake to substitute any illegal, invalid or unenforceable provision by a provision which is as far as possible commercially equivalent considering the legal interests and the purpose of this Agreement. ​

Appears in 2 contracts

Sources: Commercial Manufacturing Services and Supply Agreement (Liquidia Corp), Commercial Manufacturing Services and Supply Agreement (Liquidia Corp)

5Severability. If any provision of in this Agreement is held to be invalid, illegal or becomes at any time illegalunenforceable, invalid or unenforceable in any respectthe validity, neither the legality, validity nor legality and enforceability of the remaining provisions hereof shall will in any no way be affected or impaired thereby. The thereby and such provision shall be Interpreted so as to best accomplish the intent of the Parties undertake to substitute any illegal, invalid or unenforceable provision by a provision which is as far as possible commercially equivalent considering within the legal interests and the purpose limits of this Agreement. ​applicable law.

Appears in 1 contract

Sources: Technical Information License Agreement (Attune RTD)

5Severability. If This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Agreement is or becomes at of any time illegalother 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 any respect, neither the legality, validity nor enforceability of the remaining provisions hereof shall in any way be affected or impaired thereby. The Parties undertake terms to substitute any illegal, such invalid or unenforceable provision by a provision which as may be possible that is as far as possible commercially equivalent considering the legal interests valid and the purpose of this Agreement. ​enforceable.

Appears in 1 contract

Sources: Registration Rights Agreement (Green Energy Acquisition CORP)

5Severability. If any provision of this Agreement is or becomes at invalid, ineffective, unenforceable or illegal for any time illegalreason, invalid this shall not affect the validity or unenforceable in enforceability of any respect, neither the legality, validity nor enforceability or all of the remaining provisions hereof hereof. In such case, the Parties shall forthwith enter into good-faith negotiations to amend such provision in any such a way be affected or impaired thereby. The that, as amended, it is valid and legal and to the maximum extent possible carries out the original intent of the Parties undertake as reflected herein with respect to substitute any illegal, invalid or unenforceable provision by a provision which is as far as possible commercially equivalent considering the legal interests and the purpose of this Agreement. ​matter in question.

Appears in 1 contract

Sources: Pledge Agreement

5Severability. If This Agreement shall be deemed severable, and the invalidity or unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Agreement is or becomes at of any time illegalother 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 any respect, neither the legality, validity nor enforceability of the remaining provisions hereof shall in any way be affected or impaired thereby. The Parties undertake terms to substitute any illegal, such invalid or unenforceable provision by a provision which is as far may be possible so as possible commercially equivalent considering the legal interests to be valid and the purpose of this Agreement. ​enforceable.

Appears in 1 contract

Sources: Share Exchange Agreement (12 Retech Corp)

5Severability. If any provision of this Agreement is or becomes at any time illegal, invalid or unenforceable in any respect, neither the legality, validity nor enforceability of the remaining provisions hereof shall in any way be affected or impaired thereby. The Parties undertake to substitute any illegal, invalid or unenforceable provision by a provision which is as far as possible commercially equivalent considering the legal interests and the purpose of this Agreement. November 2020Page 16 of 21 ‌ CONFIDENTIAL

Appears in 1 contract

Sources: Commercial Manufacturing Services and Supply Agreement (Liquidia Corp)