Invalid Provision definition
Examples of Invalid Provision in a sentence
In the event any provision of this Agreement is held invalid, illegal or unenforceable (any such provision, an “Invalid Provision”) in any jurisdiction, the Red Cross and the LTP shall promptly negotiate in good faith a lawful, valid and enforceable provision that is as similar in terms to such Invalid Provision as may be possible while giving effect to the future benefits and burdens accruing to the Parties hereunder.
But, in no way will the Invalid Provision affect the validity or enforceability of any other portion or provision of this Agreement, regardless of the ability of the Parties to negotiate a new provision.
The parties hereto shall negotiate in good faith to replace any invalid, illegal or unenforceable provision (the "Invalid Provision") with a valid provision, the effect of which comes as close as possible to that of the Invalid Provision.
The general rule of the consultation for the Replacement Provision shall be to make revisions that are necessary and minimal to remove the invalidity of, or the violation of a law or regulation by, the Invalid Provision.
Furthermore, if the Invalid Provision is found invalid or declared to be in violation of a law or regulation, the parties shall promptly consult with each other for purposes of amending this Agreement to set forth lawful and valid provisions that replace the Invalid Provision (“Replacement Provision”) and resolving any and all issues arising out of the Invalid Provision.
If any provision (the “Invalid Provision”) of this Agreement is void or unenforceable under the law applicable in any jurisdiction, the Invalid Provision shall be deemed to be severable from the remaining provisions of this agreement, which shall constitute a valid and binding agreement in that jurisdiction after deletion of the Invalid Provision.
The existence of an Invalid Provision under the laws applicable in a jurisdiction does not affect the validity and enforceability of all the provisions of this Agreement (including the Invalid Provision) in any other jurisdiction where the Invalid Provision is not void or unenforceable.
If any provision in this Agreement is held to be invalid or unenforceable in whole or in part (the “Invalid Provision”), the remaining portions of such provision (if any) and the other provisions in this Agreement will remain in effect and the Invalid Provision will remain in effect to the maximum extent allowed by law.
The parties hereto shall negotiate in good faith to replace any invalid, illegal or unenforceable provision (the “Invalid Provision”) with a valid provision, the effect of which comes as close as possible to that of the Invalid Provision.
It is expressly agreed by the Parties that amounts previously paid by one Party to the other Party under this Agreement shall not be recoverable to the paying Party as part of the replacement of an Invalid Provision unless this Agreement is invalidated within one (1) year from the Effective Date.