Common use of Severance of Invalid Provisions Clause in Contracts

Severance of Invalid Provisions. In case of a conflict between the provisions of this Agreement and the provisions of any applicable laws or regulations, the provisions of the laws or regulations shall govern over the provisions of this Agreement. If, for any reason and for so long as, any clause or provision of this Agreement is held by a court of competent jurisdiction to be illegal, invalid, unenforceable or unconscionable under any present or future law (or interpretation thereof), the remainder of this Agreement shall not be affected by such illegality or invalidity. Any such invalid provision shall be deemed severed from this Agreement as if this Agreement had been executed with the invalid provisions eliminated. The surviving provisions of this Agreement shall remain in full force and effect unless the removal of the invalid provisions destroys the legitimate purposes of this Agreement; in which event this Agreement shall no longer be of any force or effect. The Parties shall negotiate in good faith for any required modifications to this Agreement required as a result of this provision.

Appears in 4 contracts

Samples: Cook Inlet Participation Agreement (Eos Petro, Inc.), Cook Inlet Participation Agreement (Eos Petro, Inc.), Carry and Earning Agreement (SM Energy Co)

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Severance of Invalid Provisions. In case of a conflict between the provisions of this Agreement and the provisions of any applicable laws or regulations, the provisions of the laws or regulations shall govern over the provisions of this Agreement. If, for any reason and for so long as, any clause or provision of this Agreement is held by a court of competent jurisdiction to be illegal, or invalid, unenforceable or unconscionable under any present or future law (or interpretation thereof), the remainder of this Agreement shall not be affected by such illegality or invalidity. Any such invalid provision shall be modified to the extent practical to conform with the intent of the Parties and eliminate such illegality or invalidity or if such is not possible, shall be deemed severed from this Agreement as if this Agreement had been executed with the invalid provisions provision eliminated. The surviving provisions of this Agreement shall remain in full force and effect unless the removal of the invalid provisions provision destroys the legitimate purposes of this Agreement; in which event this Agreement shall no longer be of any force or effectnull and void. The Parties shall negotiate in good faith for any required modifications to this Agreement required as a result of this provisionAgreement.

Appears in 1 contract

Samples: Operating Agreement (Reading & Bates Corp)

Severance of Invalid Provisions. In case of a conflict between the provisions of this Agreement and the provisions of any applicable laws or regulations, the provisions of the laws or regulations shall govern over the provisions of this Agreement. If, for any reason and for so long as, any clause or provision of this Agreement is held by a court of competent jurisdiction to be illegal, invalid, unenforceable or unconscionable under any present or future law ({or interpretation thereof), the remainder of this Agreement shall not be affected by such illegality or invalidity. Any such invalid provision shall be deemed severed from this Agreement as if this Agreement had been executed with the invalid provisions eliminated. The surviving provisions of this Agreement shall remain in full force and effect unless the removal of the invalid provisions destroys the legitimate purposes of this Agreement; in which event this Agreement shall no longer be of any force or effect. The Parties shall negotiate in good faith for any required modifications to this Agreement required as a result of this provision.

Appears in 1 contract

Samples: Carry Agreement (Imperial Resources, Inc.)

Severance of Invalid Provisions. In case of a conflict between the provisions of this Agreement and the provisions of any applicable laws or regulations, the provisions of the laws or for regulations shall govern over the provisions of this Agreement. If, for any reason and for so long as, any clause or provision of this Agreement is held by a court of competent jurisdiction to be illegal, invalid, unenforceable or unconscionable under any present or future law (or interpretation thereof), the remainder of this Agreement shall not be affected by such illegality or invalidity. Any such invalid provision shall be deemed severed from this Agreement as if this Agreement had been executed with the invalid provisions eliminated. The surviving provisions of this Agreement shall remain in full force and effect unless the removal of the invalid provisions destroys the legitimate purposes of this Agreement; in which event this Agreement shall no longer be of any force or effect. The Parties shall negotiate in good faith for any required modifications to this Agreement required as a result of this provision. The provisions of this Participation Agreement shall control if there are any conflictions or contradictions with the J.O.A. attached and a part hereof as Exhibit "G".

Appears in 1 contract

Samples: Interest Participation Agreement (T-Rex Oil, Inc.)

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Severance of Invalid Provisions. In case of a conflict between the provisions of this Agreement and the provisions of any applicable laws or regulations, the provisions of the laws or regulations shall govern over the provisions of this Agreement. If, for any reason and for so long as, any clause or provision of this Agreement is held by a court of competent jurisdiction to be illegal, invalid, unenforceable or unconscionable under any present or future law (or interpretation thereof), the remainder of this Agreement shall not be affected by such illegality or invalidity. Any such invalid provision shall be deemed severed from this Agreement as if this Agreement had been executed with the invalid provisions provision eliminated. The surviving provisions of this Agreement shall remain in full force and effect unless the removal of the invalid provisions provision destroys the legitimate purposes of this Agreement; , in which event this Agreement shall no longer be of any force or effectnull and void. The Parties shall negotiate in good faith for any required modifications to this Agreement required as a result of this provisionAgreement.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Houston Exploration Co)

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