Common use of Invalid Provisions to Affect No Others Clause in Contracts

Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto at the time performance of such provision shall be due, shall involve transcending the limit of validity prescribed by law, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity; and if any clause or provision herein contained operates or would prospectively operate to invalidate this Loan Agreement in whole or in part, then only such clause or provision shall be held for naught as though not herein contained, and the remainder of this Loan Agreement shall remain operative and in full force and effect.

Appears in 2 contracts

Samples: Revolving Loan Agreement (Levitt Corp), Construction Loan Agreement (Newmark Homes Corp)

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Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or hereto for any transaction related hereto at the time performance of such provision provisions shall be due, shall involve transcending the limit of validity prescribed by law, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity; and if any clause or provision provisions herein contained operates or would prospectively operate to invalidate this Loan Agreement in whole or in part, then only such clause or provision only shall be held for naught naught, as though not herein contained, and the remainder of this Loan Agreement shall remain operative and in full force and effect.

Appears in 1 contract

Samples: Loan Agreement (Emeritus Corp\wa\)

Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto at the time performance of such provision provisions shall be due, shall involve transcending the limit of validity prescribed by law, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity; and if any clause or provision provisions herein contained operates or would prospectively operate to invalidate this Loan Agreement in whole or in part, then only such clause or provision provisions only shall be held for naught as though not herein contained, and the remainder of this Loan Agreement shall remain operative and in full force and effect.

Appears in 1 contract

Samples: Loan Agreement (PMT Services Inc /Tn/)

Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto at the time performance of such provision shall be due, shall involve transcending the limit of validity prescribed by law, then ipso factoFACTO, the obligation to be fulfilled shall be reduced to the limit of such validity; and if any clause or provision herein contained operates or would prospectively operate to invalidate this Loan Agreement in whole or in part, then only such clause or provision shall be held for naught as though not herein contained, and the remainder of this Loan Agreement shall remain operative and in full force and effect.

Appears in 1 contract

Samples: Construction Loan Agreement (Vacation Break Usa Inc)

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Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto at the time performance of such provision provisions shall be due, shall involve transcending the limit of validity prescribed by law, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity; and if any clause or provision herein contained operates or would prospectively operate to invalidate this Loan Agreement in whole or in part, then only such clause or provision only shall be held for naught as though not herein contained, and the remainder of this Loan Agreement shall remain operative and in full force and effect.

Appears in 1 contract

Samples: Loan Agreement for Construction and Other Matters (Goldfield Corp)

Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto to the Loan at the time performance of such provision provisions shall be due, shall involve transcending the limit of validity prescribed by law, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity; and if any clause or provision provisions herein contained operates or would prospectively operate to invalidate this Loan Agreement in whole or in part, then only such clause or provision only shall be held for naught naught, as though not herein contained, and the remainder of this Loan Agreement shall remain operative and in full force and effect.

Appears in 1 contract

Samples: Construction Loan Agreement (Behringer Harvard Opportunity REIT I, Inc.)

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