Common use of Effectiveness and Severability Clause in Contracts

Effectiveness and Severability. This Agreement will continue in effect until: (a) all indebtedness and obligations of the Borrower under this Agreement and the other Loan Documents have been paid or satisfied; (b) Lender has no commitment to extend credit to or for the account of the Borrower under any Promissory Note; and (c) either party sends written notice to the other party terminating this Agreement. Any provision of this Agreement or any other Loan Document that is prohibited or unenforceable in any jurisdiction will be ineffective to the extent of such prohibition or unenforceable without invalidating the remaining provisions hereof or thereof.

Appears in 2 contracts

Samples: Credit Agreement (South Dakota Soybean Processors LLC), Credit Agreement (U. S. Premium Beef, LLC)

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Effectiveness and Severability. This Agreement will continue in effect until: (a) all indebtedness and obligations of the Borrower under this Agreement and the other Loan Documents have been paid or satisfied; (b) Lender has no commitment to extend credit to or for the account of the Borrower under any Promissory Note; and (c) either party Lender, Agent, or the Borrower sends written notice to the other party parties terminating this Agreement. Any provision of this Agreement or any other Loan Document that is prohibited or unenforceable in any jurisdiction will be ineffective to the extent of such prohibition or unenforceable without invalidating the remaining provisions hereof or thereof.

Appears in 1 contract

Samples: Credit Agreement (Golden Grain Energy)

Effectiveness and Severability. This Agreement will continue in effect until: (a) all indebtedness and obligations of the Borrower under this Agreement and the other Loan Documents have been paid or satisfied; (b) Lender has no commitment to extend credit to or for the account of the Borrower under any Promissory Note; and (c) either party sends written notice to the other party xxxxx terminating this Agreement. Any provision of this Agreement or any other Loan Document that is prohibited or unenforceable in any jurisdiction will be ineffective to the extent of such prohibition or unenforceable without invalidating the remaining provisions hereof or thereof.

Appears in 1 contract

Samples: Credit Agreement (South Dakota Soybean Processors LLC)

Effectiveness and Severability. This Agreement will continue in effect until: (a) all indebtedness and obligations of the Borrower under this Agreement and the other Loan Documents have been paid or satisfied; (b) Lender has no commitment to extend credit to or for the account of the Borrower under any Promissory Note; and (c) either party Lender, Agent, or the Borrower sends written notice to the other party parties terminating this Agreement. Any provision of this Agreement or any other Loan Document that is prohibited or unenforceable in any jurisdiction will be ineffective to the extent of such prohibition or unenforceable without invalidating the remaining provisions hereof or thereof.. LINCOLNWAY ENERGY, LLC Nevada, Iowa Agreement No. 0031748SLA

Appears in 1 contract

Samples: Credit Agreement (Lincolnway Energy, LLC)

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Effectiveness and Severability. This Agreement will agreement shall continue in effect until: (aA) all indebtedness and obligations of the Borrower Company under this Agreement agreement, all SUpplements, and the all other Loan Documents shall have been paid or satisfied; (bB) Lead Lender has no commitment to extend credit to or for the account of the Borrower Company under any Promissory NoteSupplement; Master Loan Agreement RI0328E and (cC) either party sends written notice to the other party terminating this Agreementagreement. Any provision of this Agreement or agreement of any other Loan Document that which is prohibited or unenforceable in any jurisdiction will shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceable unenforceability without invalidating the remaining provisions hereof or thereof.

Appears in 1 contract

Samples: Master Loan Agreement (Lincolnway Energy, LLC)

Effectiveness and Severability. This Agreement will shall continue in effect until: (ai) all indebtedness and obligations of the Borrower Company under this Agreement and the other Loan Documents shall have been paid or satisfiedrepaid; (bii) Lender has no commitment to extend credit to or for the account of the Borrower under any Promissory Noteall Supplements hereto have been terminated; and (ciii) either party sends written notice to the other party terminating that it considers this Agreementagreement to be terminated. Any provision of this Agreement Agreement, or any the other Loan Document that Documents which is prohibited or unenforceable in any jurisdiction will shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceable unenforceability without invalidating the remaining provisions hereof or thereof.

Appears in 1 contract

Samples: Master Syndicated Loan Agreement (Harvest States Cooperatives)

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