Common use of Invalid Terms Clause in Contracts

Invalid Terms. 12.1 Each of the provisions of this Agreement is severable. 12.2 If and to the extent that any provision of this Agreement: (a) is held to be, or becomes, invalid or unenforceable under the Law of any jurisdiction; but (b) would be valid, binding and enforceable if some part of the provision were deleted or amended, 12.3 then the provision shall apply with the minimum modifications necessary to make it valid, binding and enforceable. All other provisions of this Agreement shall remain in force. 12.4 The parties shall negotiate in good faith to amend or replace any invalid, void or unenforceable provision with a valid, binding and enforceable substitute provision or provisions, so that, after the amendment or replacement, the commercial effect of the Agreement is as close as possible to the effect it would have had if the relevant provision had not been invalid, void or unenforceable.

Appears in 6 contracts

Sources: Relationship Agreement, Relationship Agreement (National Energy Services Reunited Corp.), Relationship Agreement (National Energy Services Reunited Corp.)

Invalid Terms. 12.1 11.1 Each of the provisions of this Agreement is severable. 12.2 11.2 If and to the extent that any provision of this Agreement: (a) is held to be, or becomes, invalid or unenforceable under the Law of any jurisdiction; but (b) would be valid, binding and enforceable if some part of the provision were deleted or amended, 12.3 , then the provision shall apply with the minimum modifications necessary to make it valid, binding and enforceable. All other provisions of this Agreement shall remain in force. 12.4 11.3 The parties Parties shall negotiate in good faith to amend or replace any invalid, void or unenforceable provision with a valid, binding and enforceable substitute provision or provisions, so that, after the amendment or replacement, the commercial effect of the Agreement is as close as possible to the effect it would have had if the relevant provision had not been invalid, void or unenforceable.

Appears in 4 contracts

Sources: Relationship Agreement (Olayan Saudi Holding Co), Shares Purchase Exchange Agreement (National Energy Services Reunited Corp.), Relationship Agreement (National Energy Services Reunited Corp.)

Invalid Terms. 12.1 25.1 Each of the provisions of this Agreement is severable. 12.2 25.2 If and to the extent that any provision of this Agreement: (a) is held to be, or becomes, invalid or unenforceable under the Law of any jurisdiction; but (b) would be valid, binding and enforceable if some part of the provision were deleted or amended, 12.3 , then the provision shall apply with the minimum modifications necessary to make it valid, binding and enforceable. All other provisions of this Agreement shall remain in force. 12.4 25.3 The parties shall negotiate in good faith to amend or replace any invalid, void or unenforceable provision with a valid, binding and enforceable substitute provision or provisions, so that, after the amendment or replacement, the commercial effect of the Agreement is as close as possible to the effect it would have had if the relevant provision had not been invalid, void or unenforceable.

Appears in 1 contract

Sources: Bid Conduct Agreement (Ebay Inc)

Invalid Terms. 12.1 26.1 Each of the provisions of this Agreement is severable. 12.2 26.2 If and to the extent that any provision of this Agreement: (a) is held to be, or becomes, invalid or unenforceable under the Law of any jurisdiction; but (b) would be valid, binding and enforceable if some part of the provision were deleted or amended, 12.3 , then the provision shall apply with the minimum modifications necessary to make it valid, binding and enforceable. All other provisions of this Agreement shall remain in force. 12.4 26.3 The parties shall negotiate in good faith to amend or replace any invalid, void or unenforceable provision with a valid, binding and enforceable substitute provision or provisions, so that, after the amendment or replacement, the commercial effect of the Agreement is as close as possible to the effect it would have had if the relevant provision had not been invalid, void or unenforceable.

Appears in 1 contract

Sources: Shareholders’ Agreement

Invalid Terms. 12.1 22.1 Each of the provisions of this Agreement is severable. 12.2 22.2 If and to the extent that any provision of this Agreement: (a) is held to be, or becomes, invalid or unenforceable under the Law of any jurisdiction; but (b) would be valid, binding and enforceable if some part of the provision were deleted or amended, 12.3 , then the provision shall apply with the minimum modifications necessary to make it valid, binding and enforceable. All other provisions of this Agreement shall remain in force. 12.4 22.3 The parties shall negotiate in good faith to amend or replace any invalid, void or unenforceable provision with a valid, binding and enforceable substitute provision or provisions, so that, after the amendment or replacement, the commercial effect of the Agreement is as close as possible to the effect it would have had if the relevant provision had not been invalid, void or unenforceable.

Appears in 1 contract

Sources: Transaction Completion Agreement (Ebay Inc)