Common use of Binding Effect and Severability Clause in Contracts

Binding Effect and Severability. This Agreement shall be binding on and shall inure to the benefit of the parties hereto and to their respective successors in interest. If any provision of this Agreement would require any party to take any action that is, at that time, prohibited by applicable federal law or regulation, by FINRA rule, or by the applicable laws or regulations of any state or other jurisdiction, or if any provision of this Agreement is held to be invalid or unenforceable by a court of competent jurisdiction, then such provision shall be enforced only to the extent permitted by such law, regulation, rule or court decision, and all of the other provisions of this Agreement shall remain in full force and effect to the greatest extent possible.