Common use of Entire Agreement; No Third-Party Beneficiary; Severability Clause in Contracts

Entire Agreement; No Third-Party Beneficiary; Severability. This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof and is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or a federal or state regulatory agency to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. If for any reason such court or regulatory agency determines that the Option does not permit MAF to acquire, or does not require Bancorp to repurchase, the full number of shares of Bancorp Common Stock as provided herein, it is the express intention of Bancorp to allow MAF to acquire or to require Bancorp to repurchase such lesser number of shares as may be permissible without any amendment or modification hereof.

Appears in 2 contracts

Samples: Option Agreement (Maf Bancorp Inc), Option Agreement (Westco Bancorp Inc)

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Entire Agreement; No Third-Party Beneficiary; Severability. This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof and is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or a federal or state regulatory agency to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. If for any reason such court or regulatory agency determines that the Option does not permit MAF AANA to acquire, or does not require Bancorp Standard to repurchase, the full number of shares of Bancorp Standard Common Stock as provided hereinin Sections 2 and 7, it is the express intention of Bancorp Standard to allow MAF AANA to acquire or to require Bancorp Standard to repurchase such lesser number of shares as may be permissible without any amendment or modification hereof.

Appears in 2 contracts

Samples: Exhibit B Option Agreement (Abn Amro Bank Nv), Option Agreement (Standard Federal Bancorporation Inc)

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Entire Agreement; No Third-Party Beneficiary; Severability. This Agreement constitutes the entire agreement and supersedes all prior agreements and understandings, both written and oral, between the parties with respect to the subject matter hereof and is not intended to confer upon any person other than the parties hereto any rights or remedies hereunder. If any term, provision, covenant or restriction of this Agreement is held by a court of competent jurisdiction or a federal or state regulatory agency to be invalid, void or unenforceable, the remainder of the terms, provisions, covenants and restrictions of this Agreement shall remain in full force and effect and shall in no way be affected, impaired or invalidated. If for any reason such court or regulatory agency determines that the Option does not permit MAF Purchaser to acquire, or does not require Bancorp Company to repurchase, the full number of shares of Bancorp Company Common Stock as provided hereinin Sections 2 and 7, it is the express intention of Bancorp Company to allow MAF Purchaser to acquire or to require Bancorp Company to repurchase such lesser number of shares as may be permissible without any amendment or modification hereof.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Harrington Financial Group Inc)

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