Common use of Waivers; Severability Clause in Contracts

Waivers; Severability. The failure of either of the Parties hereto to require the performance of a term or obligation under this Agreement or the waiver by either of the Parties of any breach hereunder shall not prevent subsequent enforcement of such term or obligation or be deemed a waiver of any subsequent breach hereunder. In case any one or more of the provisions of this Agreement shall for any reason be held to be invalid, illegal or unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provision or part of a provision of this Agreement but this Agreement shall be construed as if such invalid or illegal or unenforceable provision or part of a provision had never been contained herein, unless such unenforceable provision materially affects any material covenants set forth herein, in which case the parties shall meet and renegotiate the terms. If within 30 days, the parties are unable to agree on new terms, either party may terminate this Agreement on 30 days’ notice.