Common use of Modification of Restrictions Clause in Contracts

Modification of Restrictions. While the restrictions contained in this clause 8 are considered by the Parties to be reasonable in all the circumstances, it is recognised that restrictions of the nature in question may fail for technical reasons and accordingly it is hereby agreed and declared that if any of such restrictions shall be adjudged to be void as going beyond what is reasonable in all the circumstances for the protection of the interests of the Parties but would be valid if part of the wording thereof were deleted or the periods thereof reduced or the range of activities or area dealt with thereby reduced in scope, the said restriction shall apply with such modifications as may be necessary to make it valid and effective.

Appears in 2 contracts

Samples: www.sec.gov, Best Buy Co Inc

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Modification of Restrictions. While the restrictions contained in this clause 8 10 are considered by the Parties parties to be reasonable in all the circumstances, it is recognised that restrictions of the nature in question may fail for technical reasons and accordingly it is hereby agreed and declared that if any of such restrictions shall be adjudged to be void as going beyond what is reasonable in all the circumstances for the protection of the interests of the Parties Purchaser but would be valid if part of the wording thereof were deleted or the periods thereof reduced or the range of activities or area dealt with thereby reduced in scope, the said restriction shall apply with such modifications as may be necessary to make it valid and effective.

Appears in 1 contract

Samples: Vasco Data Security International Inc

Modification of Restrictions. While the restrictions contained in this clause 8 5 are considered by the Parties parties to be reasonable in all the circumstances, it is recognised that restrictions of the nature in question may fail for technical reasons and accordingly it is hereby agreed and declared that if any of such restrictions shall be adjudged to be void as going beyond what is reasonable in all the circumstances for the protection of the interests of the Parties Purchasers but would be valid if part of the wording thereof were deleted or the periods thereof reduced or the range of activities or area dealt with thereby reduced in scope, the said restriction shall apply with such modifications as may be necessary to make it valid and effective.

Appears in 1 contract

Samples: Simon Robert Fuller (CKX, Inc.)

Modification of Restrictions. While the restrictions contained in this clause 8 7 are considered by the Parties parties to be reasonable in all the circumstances, it is recognised the parties recognise that restrictions of the nature in question may fail for technical reasons and accordingly it is hereby agreed the parties agree and declared declare that if any of such those restrictions shall be adjudged are held by a court of competent jurisdiction or arbitral tribunal to be void unenforceable as going beyond what is reasonable in all the circumstances for the protection of the interests of the Parties Purchaser but would be valid enforceable if part of the wording thereof were of the restrictions was deleted or the periods thereof of the restrictions were reduced or the range of activities or area dealt with thereby by the restrictions were reduced in scope, the said relevant restriction shall apply with such any modifications as may be necessary to make it valid and effective.

Appears in 1 contract

Samples: Kelly Services Inc

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Modification of Restrictions. While the restrictions contained in this clause 8 6 are considered by the Parties parties to be reasonable in all the circumstances, it is recognised that restrictions of the nature in question may fail for technical reasons and accordingly it is hereby agreed and declared that if any of such those restrictions shall be adjudged to be void as going beyond what is reasonable in all the circumstances for the protection of the interests of the Parties Purchaser but would be valid if part of the wording thereof were deleted or the time periods thereof reduced or the range of activities or area dealt with thereby reduced in scope, the said relevant restriction shall apply with such the modifications as that may be necessary to make it valid and effective.

Appears in 1 contract

Samples: Sale and Purchase Agreement (Scansource, Inc.)

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