Common use of Final provision Clause in Contracts

Final provision. If any provision of this agreement is or be­ comes invalid, unenforceable or unen­ forceable in whole or in part, the validity, enforceability and enforceability of the re­ maining provisions of this agreement shall not be affected thereby. The Parties un­ dertake to agree on a valid, feasible and enforceable provision in place of the inva­ lid, unenforceable or unenforceable provi­ sion which comes as close as possible to the economic purpose pursued by the Par­ ties with the invalid, unenforceable or un­ enforceable provision. The same applies if the contract contains a loophole. II. The consolidated Profit and Loss Transfer Agreement as amended by this agreement is attached to this Amendment Agreement as an annex. III. The Amendment Agreement is concluded subject to the approval of the Annual General Meeting of the Controlling Entity and the shareholders’ meeting of the Controlled Entity. It becomes effective upon entry in the commercial register of the Controlled Entity and applies for the period from the beginning of the financial year of the entry. [SIGNATURE] [SIGNATURE] ▇▇▇▇▇▇ ▇▇▇▇▇ Chairman of the Board of Management Dr ▇▇▇▇▇▇▇ ▇▇▇▇▇ Member of the Board of Management [SIGNATURE] [SIGNATURE] ▇▇▇ ▇▇▇▇▇ Managing Director Franciscus van Meel Managing Director – hereinafter referred to as the “Controlling Entity” – – hereinafter referred to as the “Controlled Entity” – – Controlling Entity and Controlled Entity are hereinafter also referred to individually as “Party” or collectively as “Parties” –

Appears in 1 contract

Sources: Profit and Loss Transfer Agreement

Final provision. If any provision of this agreement is or be­ comes invalid, unenforceable or unen­ forceable in whole or in part, the validity, enforceability and enforceability of the re­ maining provisions of this agreement shall not be affected thereby. The Parties un­ dertake to agree on a valid, feasible and enforceable provision in place of the inva­ lid, unenforceable or unenforceable provi­ sion which comes as close as possible to the economic purpose pursued by the Par­ ties with the invalid, unenforceable or un­ enforceable provision. The same applies if the contract contains a loophole. II. The consolidated Profit and Loss Transfer Agreement as amended by this agreement is attached to this Amendment Agreement as an annex. III. The Amendment Agreement is concluded subject to the approval of the Annual General Meeting of the Controlling Entity and the shareholders’ meeting of the Controlled Entity. It becomes effective upon entry in the commercial register of the Controlled Entity and applies for the period from the beginning of the financial year of the entry. [SIGNATURE] [SIGNATURE] ▇▇▇▇▇▇ ▇▇▇▇▇ Chairman of the Board of Management Dr ▇▇▇▇▇▇▇ ▇▇▇▇▇ Member of the Board of Management [SIGNATURE] [SIGNATURE] ▇▇▇▇▇▇▇▇▇ Managing Director Franciscus van Meel ▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇ Managing Director – hereinafter referred to as the “Controlling Entity” – – hereinafter referred to as the “Controlled Entity” – – Controlling Entity and Controlled Entity are hereinafter also referred to individually as “Party” or collectively as “Parties” –

Appears in 1 contract

Sources: Profit and Loss Transfer Agreement

Final provision. If any provision of this agreement is or be­ comes invalid, unenforceable or unen­ forceable in whole or in part, the validity, not affect the validity of the remaining pro­ visions. In such a case, insofar as a supplementary interpretation of the agreement is not pos­ sible, the Parties shall agree on the provi­ sion which would have been agreed taking into account the purpose of the agreement if the ineffectiveness of the provision or the loophole had been known from the outset. enforceability and enforceability of the re­ maining provisions of this agreement shall not be affected thereby. The Parties un­ dertake to agree on a valid, feasible and enforceable provision in place of the inva­ lid, unenforceable or unenforceable provi­ sion which comes as close as possible to the economic purpose pursued by the Par­ ties with the invalid, unenforceable or un­ enforceable provision. The same applies if the contract contains a loophole. II. The consolidated Profit and Loss Transfer Agreement as amended by this agreement is attached to this Amendment Agreement as an annex. III. The Amendment Agreement is concluded subject to the approval of the Annual General Meeting of the Controlling Entity and the shareholders’ meeting of the Controlled Entity. It becomes effective upon entry in the commercial register of the Controlled Entity and applies for the period from the beginning of the financial year of the entry. [SIGNATURE] [SIGNATURE] ▇▇▇▇▇▇ ▇▇▇▇▇ Chairman of the Board of Management Dr ▇▇▇▇▇▇▇ ▇▇▇▇▇ Member of the Board of Management [SIGNATURE] [SIGNATURE] ▇▇▇ Dr ▇▇▇▇▇ Fallböhmer Managing Director Franciscus van Meel ▇▇▇▇▇▇ Frittrang Managing Director – hereinafter referred to as the “Controlling Entity” – – hereinafter referred to as the “Controlled Entity” – – Controlling Entity and Controlled Entity are hereinafter also referred to individually as “Party” or collectively as “Parties” –

Appears in 1 contract

Sources: Profit and Loss Transfer Agreement

Final provision. If any provision of this agreement is or be­ comes invalid, unenforceable or unen­ forceable in whole or in part, the validity, enforceability and enforceability of the re­ maining provisions of this agreement shall not be affected thereby. The Parties un­ dertake to agree on a valid, feasible and enforceable provision in place of the inva­ lid, unenforceable or unenforceable provi­ sion which comes as close as possible to the economic purpose pursued by the Par­ ties with the invalid, unenforceable or un­ enforceable provision. The same applies if the contract contains a loophole. II. The consolidated Profit and Loss Transfer Agreement as amended by this agreement is attached to this Amendment Agreement as an annex. III. The Amendment Agreement is concluded subject to the approval of the Annual General Meeting of the Controlling Entity and the shareholders’ meeting of the Controlled Entity. It becomes effective upon entry in the commercial register of the Controlled Entity and applies for the period from the beginning of the financial year of the entry. [SIGNATURE] [SIGNATURE] ▇▇▇▇▇▇ ▇▇▇▇▇ Chairman of the Board of Management Dr ▇▇▇▇▇▇▇ ▇▇▇▇▇ Member of the Board of Management [SIGNATURE] [SIGNATURE] ▇▇▇▇▇▇▇▇▇ Managing Director Franciscus van Meel ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ Managing Director – hereinafter referred to as the “Controlling Entity” – – hereinafter referred to as the “Controlled Entity” – – Controlling Entity and Controlled Entity are hereinafter also referred to individually as “Party” or collectively as “Parties” –

Appears in 1 contract

Sources: Profit and Loss Transfer Agreement

Final provision. If any provision of this agreement is or be­ comes invalid, unenforceable or unen­ forceable in whole or in part, the validity, enforceability and enforceability of the re­ maining provisions of this agreement shall not be affected thereby. The Parties un­ dertake to agree on a valid, feasible and enforceable provision in place of the inva­ lid, unenforceable or unenforceable provi­ sion which comes as close as possible to the economic purpose pursued by the Par­ ties with the invalid, unenforceable or un­ enforceable provision. The same applies if the contract contains a loophole. II. The consolidated Profit and Loss Transfer Agreement as amended by this agreement is attached to this Amendment Agreement as an annex. III. The Amendment Agreement is concluded subject to the approval of the Annual General Meeting of the Controlling Entity and the shareholders’ meeting of the Controlled Entity. It becomes effective upon entry in the commercial register of the Controlled Entity and applies for the period from the beginning of the financial year of the entry. [SIGNATURE] [SIGNATURE] ▇▇▇▇▇▇ ▇▇▇▇▇ Chairman of the Board of Management Dr ▇▇▇▇▇▇▇ ▇▇▇▇▇ Member of the Board of Management [SIGNATURE] [SIGNATURE] ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇ Managing Director ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇Managing Director Franciscus van Meel Managing Director – hereinafter referred to as the “Controlling Entity” – – hereinafter referred to as the “Controlled Entity” – – Controlling Entity and Controlled Entity are hereinafter also referred to individually as “Party” or collectively as “Parties” –

Appears in 1 contract

Sources: Profit and Loss Transfer Agreement

Final provision. If any provision of this agreement is or be­ comes invalid, unenforceable or unen­ forceable in whole or in part, the validity, enforceability and enforceability of the re­ maining provisions of this agreement shall not be affected thereby. The Parties un­ dertake to agree on a valid, feasible and enforceable provision in place of the inva­ lid, unenforceable or unenforceable provi­ sion which comes as close as possible to the economic purpose pursued by the Par­ ties with the invalid, unenforceable or un­ enforceable provision. The same applies if the contract contains a loophole. II. The consolidated Profit and Loss Transfer Agreement as amended by this agreement is attached to this Amendment Agreement as an annex. III. The Amendment Agreement is concluded subject to the approval of the Annual General Meeting of the Controlling Entity and the shareholders’ meeting of the Controlled Entity. It becomes effective upon entry in the commercial register of the Controlled Entity and applies for the period from the beginning of the financial year of the entry. Munich, 17 March 2022 [SIGNATURE] [SIGNATURE] ▇▇▇▇▇▇ ▇▇▇▇▇ Chairman of the Board of Management Dr ▇▇▇▇▇▇▇ ▇▇▇▇▇ Member of the Board of Management [SIGNATURE] [SIGNATURE] ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇ Managing Director Franciscus van Meel ▇▇ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇ Managing Director – hereinafter referred to as the “Controlling Entity” – – hereinafter referred to as the “Controlled Entity” – – Controlling Entity and Controlled Entity are hereinafter also referred to individually as “Party” or collectively as “Parties” –

Appears in 1 contract

Sources: Profit and Loss Transfer Agreement