Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto at the time performance of such provisions shall be due, shall involve transcending the limit of validity presently prescribed by law, with regard to obligations of like character and amount, 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 Agreement in whole or in part, then such clause or provision only shall be held for naught, as though not herein contained, and the remainder of this Agreement shall remain operative and in full force and effect.
Appears in 8 contracts
Samples: Stock Purchase Agreement (SCB Computer Technology Inc), Building Loan Agreement (Alterra Healthcare Corp), Loan Agreement (United Foods Inc)
Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto at the time performance of such provisions shall be due, shall involve transcending the limit of validity presently prescribed by law, with regard to obligations of like character and amount, then ipso facto, 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 Agreement in whole or in part, then such clause or provision only shall be held for naught, as though not herein contained, and the remainder of this Agreement shall remain operative and in full force and effect.
Appears in 4 contracts
Samples: Construction Loan Agreement (North American Technologies Group Inc /Mi/), Second Lien Loan Agreement (Sammons Enterprises, Inc.), Second Lien Loan Agreement (North American Technologies Group Inc /Tx/)
Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto at the time performance of such provisions shall be due, shall involve transcending the limit of validity presently prescribed by law, with regard to obligations of like character and amount, 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 Agreement in whole or in part, then such clause or provision only shall be held for naught, as though not herein contained, and the remainder of this Agreement shall remain operative and in full force and effect.
Appears in 4 contracts
Samples: Credit Loan Agreement (Ares Commercial Real Estate Corp), Loan Agreement (American Retirement Corp), Loan Agreement (American Retirement Corp)
Invalid Provisions to Affect No Others. If In fulfillment of any provision hereof or any transaction related hereto at the time performance of such provisions shall be due, shall involve transcending the limit of validity presently prescribed by law, with regard to obligations of like character and amount, 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 Agreement in whole or in part, then such clause or provision only shall be held for naught, naught as though not herein contained, and the remainder of this Agreement shall remain operative and in full force and effect.
Appears in 3 contracts
Samples: Revolving Loan Agreement (Superior Uniform Group Inc), Loan Agreement (First Choice Healthcare Solutions, Inc.), Loan Agreement (First Choice Healthcare Solutions, Inc.)
Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto at the time performance of such provisions shall be due, shall involve transcending the limit of validity presently prescribed by law, with regard to obligations of like character and amount, then 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 Agreement in whole or in part, then such clause or provision only shall be held for naught, as though not herein contained, and the remainder of this Agreement shall remain operative and in full force and effect.
Appears in 3 contracts
Samples: Project Loan Agreement (New York Times Co), Building Loan Agreement (New York Times Co), Cash Collateral Agreement (Frontline Capital Group)
Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto at the time performance of such provisions shall be due, shall involve transcending the limit of validity presently prescribed by law, with regard to obligations of like character and amount, then 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 Agreement Assignment in whole or in part, then such clause or provision only shall be held for naught, as though not herein contained, and the remainder of this Agreement Assignment shall remain operative and in full force and effect.
Appears in 2 contracts
Samples: Project Loan Agreement (New York Times Co), Building Loan Agreement (New York Times Co)
Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto or to the Note, at the time performance of such provisions shall be due, shall involve transcending the limit of validity presently prescribed by law, with regard to obligations of like character and amount, 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 Mortgage and Security Agreement in whole or in part, then such clause or provision only shall be held for naught, as though not herein contained, and the remainder of this Mortgage and Security Agreement shall remain operative and in full force and effect.
Appears in 2 contracts
Samples: Mortgage and Security Agreement (American Leisure Holdings Inc), Mortgage and Security Agreement (American Leisure Holdings Inc)
Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto at the time performance of such provisions shall be due, shall involve transcending the limit of validity presently prescribed by law, with regard to obligations of like character and amount, then ipso factoIPSO 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 Agreement in whole or in part, then such clause or provision only shall be held for naught, as though not herein contained, and the remainder of this Agreement shall remain operative and in full force and effect.
Appears in 1 contract
Samples: Building Loan Agreement (Essex Hospitality Associates Iv Lp)
Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto at the time performance of such provisions shall be due, shall involve transcending the limit of validity presently prescribed by law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity; , and if if. any clause or provision provisions herein contained operates or would prospectively operate to invalidate this Agreement agreement in whole or in part, then such clause or provision only shall be held for naught, as though not herein contained, and the remainder of this Agreement shall remain operative and in full force and effect.
Appears in 1 contract
Invalid Provisions to Affect No Others. If fulfillment of any provision provisions hereof or any transaction related hereto or to the Note, at the time performance of such provisions shall be due, shall involve transcending the limit of validity presently prescribed by law, with regard to obligations of like character and amount, then ipso facto, the obligation to be fulfilled shall automatically 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 Agreement indenture in whole or in part, then such clause or provision only shall be held for naught, as though not herein contained, and the remainder of this Agreement indenture shall remain operative and in full force and effect.
Appears in 1 contract
Samples: Debt and Security Agreement (Vinings Investment Properties Trust/Ga)
Invalid Provisions to Affect No Others. If fulfillment of any provision hereof or any transaction related hereto at the time performance of such provisions shall be due, shall involve transcending the limit of validity presently prescribed by any applicable usury statute or any other applicable law, with regard to obligations of like character and amount, 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 Agreement in whole or in part, then such clause or provision only shall be held for naught, as though not herein contained, and the remainder of this Agreement shall remain operative and in full force and effect.
Appears in 1 contract
