Common use of Indivisibility Clause in Contracts

Indivisibility. Each party acknowledges that this Agreement, the Master Subordinated Deposit Agreement and the Master Complementary Deposit Agreement shall form a single set of contractual rights and obligations and that, if the Master Subordinated Deposit Agreement, or the Master Complementary Deposit Agreement becomes void or ceases to be effective and enforceable for any reason whatsoever, this Agreement shall also become void or cease to be effective and enforceable accordingly. Any payment already made by the Centralising Unit acting in the name and on behalf of the Sellers or on its own behalf to the Purchaser under this Agreement, the Receivables Purchase Agreements, the Master Subordinated Deposit Agreement and the Master Complementary Deposit Agreement shall not be affected by such a nullity, ineffectiveness or unenforceability.

Appears in 6 contracts

Samples: General Master Purchase Agreement (Goodyear Tire & Rubber Co /Oh/), General Master Purchase Agreement (Goodyear Tire & Rubber Co /Oh/), General Master Purchase Agreement (Goodyear Tire & Rubber Co /Oh/)

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Indivisibility. Each party Party acknowledges that this the General Master Purchase Agreement, the Master Subordinated Deposit Agreement and the Master Complementary Deposit Agreement shall form a single set of contractual rights and obligations and that, if the General Master Subordinated Deposit Purchase Agreement, or the Master Complementary Subordinated Deposit Agreement becomes void or ceases to be effective and enforceable for any reason whatsoever, this Master Complementary Deposit Agreement shall also become void or cease to be effective and enforceable accordingly. Any payment already made by the Centralising Unit acting in the name and on behalf of the Sellers or on its own behalf to the Purchaser under this Master Complementary Deposit Agreement, the General Master Purchase Agreement, the Receivables Purchase Agreements, Agreements and the Master Subordinated Deposit Agreement and the Master Complementary Deposit Agreement shall not be affected by such a nullity, ineffectiveness or unenforceability.

Appears in 2 contracts

Samples: Master Complementary Deposit Agreement (Goodyear Tire & Rubber Co /Oh/), Master Complementary Deposit Agreement (Goodyear Tire & Rubber Co /Oh/)

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Indivisibility. Each party Party acknowledges that this the General Master Purchase Agreement, the Master Subordinated Deposit Agreement and the Master Complementary Deposit Agreement shall form a single set of contractual rights and obligations and that, if the General Master Subordinated Deposit Purchase Agreement, or the Master Complementary Deposit Agreement becomes void or ceases to be effective and enforceable for any reason whatsoever, this Master Subordinated Deposit Agreement shall also become void or cease to be effective and enforceable accordingly. Any payment already made by the Centralising Unit acting in the name and on behalf of the Sellers or on its own behalf to the Purchaser under this Master Subordinated Deposit Agreement, the General Master Purchase Agreement, the Receivables Purchase Agreements, the Master Subordinated Deposit Agreement Agreements and the Master Complementary Deposit Agreement shall not be affected by such a nullity, ineffectiveness or unenforceability.

Appears in 2 contracts

Samples: Master Subordinated Deposit Agreement (Goodyear Tire & Rubber Co /Oh/), Master Subordinated Deposit Agreement (Goodyear Tire & Rubber Co /Oh/)

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