Common use of Invalidity of Certain Provisions Clause in Contracts

Invalidity of Certain Provisions. Every provision of this Deed of Trust is intended to be severable. In the event any term or provision hereof is declared to be illegal or invalid for any reason whatsoever by a court or other body of competent jurisdiction, such illegality or invalidity will not affect the balance of the terms and provisions hereof, which terms and provisions will remain binding and enforceable. If the lien of this Deed of Trust is invalid or unenforceable as to any part of the debt, or if the lien is invalid or unenforceable as to any part of the Security, the unsecured or partially secured portion of the debt, and all payments made on the debt, whether voluntary or under foreclosure or other enforcement action or procedure, will be considered to have been first paid or applied to the full payment of that portion of the debt that is not secured or partially secured by the lien of this Deed of Trust.

Appears in 13 contracts

Samples: Security Agreement, Security Agreement, 64.166.146.245

AutoNDA by SimpleDocs

Invalidity of Certain Provisions. Every provision of this Deed of Trust is intended to be severable. In the event any term or provision hereof is declared to be illegal or invalid for any reason whatsoever by a court or other body of competent jurisdiction, such illegality or invalidity will shall not affect the balance of the terms and provisions hereof, which terms and provisions will shall remain binding and enforceable. If the lien of this Deed of Trust is invalid or unenforceable as to any part of the debt, or if the lien is invalid or unenforceable as to any part of the Security, the unsecured or partially secured portion of the debt, and all payments made on the debt, whether voluntary or under foreclosure or other enforcement action or procedure, will shall be considered to have been first paid or applied to the full payment of that portion of the debt that which is not secured or partially secured by the lien of this Deed of Trust.

Appears in 7 contracts

Samples: And Security Agreement, Purchase and Sale Agreement, Rents and Security Agreement

Invalidity of Certain Provisions. Every provision of this Leasehold Deed of Trust is intended to be severable. In the event any term or provision hereof is declared to be illegal or invalid for any reason whatsoever by a court or other body of competent jurisdiction, such illegality or invalidity will shall not affect the balance of the terms and provisions hereof, which terms and provisions will shall remain binding and enforceable. If the lien of this Leasehold Deed of Trust is invalid or unenforceable as to any part of the debt, or if the lien is invalid or unenforceable as to any part of the Security, the unsecured or partially secured portion of the debt, and all payments made on the debt, whether voluntary or under foreclosure or other enforcement action or procedure, will shall be considered to have been first paid or applied to the full payment of that portion of the debt that which is not secured or partially secured by the lien of this Leasehold Deed of Trust.

Appears in 1 contract

Samples: Loan Agreement

Invalidity of Certain Provisions. Every provision of this Deed of Trust is intended to be severable. In the event any term or provision hereof is declared to be illegal or invalid for any reason whatsoever by a court or other body of competent jurisdiction, such illegality or invalidity will shall not affect the balance of the terms and provisions hereof, which terms and provisions will shall remain as binding and enforceable. If the lien of this Deed of Trust is invalid or unenforceable as to any part of the debt, or if the lien is invalid or unenforceable as to any part of the Security, the unsecured or partially secured portion of the debt, and all payments made on the debt, whether voluntary or under foreclosure or other enforcement action or procedure, will shall be considered to have been first paid or on and applied to the full payment of that portion of the debt that which is not secured or partially secured by the lien of this Deed of Trust.

Appears in 1 contract

Samples: Disposition and Development Agreement

AutoNDA by SimpleDocs

Invalidity of Certain Provisions. Every provision of this Deed of Trust is intended to be severable. In the event any term or provision hereof is declared to be illegal or invalid for any reason whatsoever by a court or other body of competent jurisdiction, such illegality or invalidity will not affect the balance of the terms and provisions hereof, which terms and provisions will remain binding and enforceable. If the lien of this Deed of Trust is invalid or unenforceable as to any part of the debt, or if the lien is invalid or unenforceable as to any part of the Security, the unsecured or partially secured portion of the debt, and all payments made on the debt, whether voluntary or under foreclosure Foreclosure (as defined in Section 8.14) or other enforcement action or procedure, will be considered to have been first paid or applied to the full payment of that portion of the debt that is not secured or partially secured by the lien of this Deed of Trust.

Appears in 1 contract

Samples: 64.166.146.245

Invalidity of Certain Provisions. Every provision of this Deed of Trust is intended to be severable. In the event any term or provision hereof is declared to be illegal or invalid for any reason whatsoever by a court or other body of competent jurisdiction, such illegality or invalidity will shall not affect the balance of the terms and provisions hereof, which terms and provisions will shall remain binding and enforceable. If the lien of this Deed of Trust is invalid or unenforceable as to any part of the debt, or if the lien is invalid or unenforceable as to any part of the Security, the unsecured or partially secured portion of the debt, and all payments made on the debt, whether voluntary or under foreclosure or other enforcement action or procedure, will shall be considered to have been first paid or on and applied to the full payment of that portion of the debt that which is not secured or partially secured by the lien of this Deed of Trust.

Appears in 1 contract

Samples: Affordable Housing Loan Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.