Invalid Provisions to Affect No Others. If fulfillment of any provision hereof, or any transaction related thereto at the time performance of any such provision shall be due, shall involve transcending the limit of validity prescribed by law, then, ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity; and such clause or provision shall be deemed invalid as though not herein contained, and the remainder of this Agreement shall remain operative in full force and effect.
Appears in 56 contracts
Samples: Construction Loan Agreement (Ammo, Inc.), Management Agreement (REX AMERICAN RESOURCES Corp), Revolving Credit and Security Agreement (REX AMERICAN RESOURCES Corp)
Invalid Provisions to Affect No Others. If fulfillment of any provision hereof, of this Agreement or of any transaction related thereto to this Agreement shall, at the time performance of any such provision shall be is due, shall involve transcending the limit of validity prescribed by applicable law, then, ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity; validity prescribed by applicable law, and such clause or provision shall be deemed invalid as though not herein containedcontained in this Agreement, and the remainder of this Agreement shall remain operative in full force and effect.
Appears in 1 contract
