Non-Severability. Each of the provisions of this Agreement is integrated with and inte- gral to the whole and shall not be severable from the remainder of the Agreement. In the event that any provision of this Agreement, the Senior Preferred Stock or the Warrant is determined to be illegal or unenforceable, then Purchaser may, in its sole discretion, by written notice to Con- servator and Seller, declare this Agreement null and void, whereupon all transfers hereunder (in- cluding the issuance of the Senior Preferred Stock and the Warrant and any funding of the Com- mitment) shall be rescinded and unwound and all obligations of the parties (other than to effectu- ate such rescission and unwind) shall immediately and automatically terminate.
Appears in 5 contracts
Samples: Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement
Non-Severability. Each of the provisions of this Agreement is integrated with and inte- gral integral to the whole and shall not be severable from the remainder of the Agreement. In the event that any provision of this Agreement, the Senior Preferred Stock or the Warrant is determined to be illegal or unenforceable, then Purchaser may, in its sole discretion, by written notice to Con- servator Conservator and Seller, declare this Agreement null and void, whereupon all transfers hereunder (in- cluding including the issuance of the Senior Preferred Stock and the Warrant and any funding of the Com- mitmentCommitment) shall be rescinded and unwound and all obligations of the parties (other than to effectu- ate effectuate such rescission and unwind) shall immediately and automatically terminate.
Appears in 3 contracts
Samples: Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement, Senior Preferred Stock Purchase Agreement (Federal Home Loan Mortgage Corp)
Non-Severability. Each of the provisions of this Agreement is integrated with and inte- gral integral to the whole and shall not be severable from the remainder of the Agreement. In the event that any provision of this Agreement, the Senior Preferred Stock or the Warrant is determined to be illegal or unenforceable, then Purchaser may, in its sole discretion, by written notice to Con- servator Conservator and Seller, declare this Agreement null and void, whereupon all transfers hereunder (in- cluding including the issuance of the Senior Preferred Stock and the Warrant and any funding of the Com- mitmentCommitment) shall be rescinded and unwound and all obligations of the parties (other than to effectu- ate effectuate such rescission and unwind) shall immediately and automatically terminate.. [Signature Page Follows]
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