Severability Clause Example from Business Contracts

Severability. Any provision contained in this Note which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 3 12. Trust Waiver. Notwithstanding anything herein to the contrary, Payee hereby waives any and al...l right, title, interest or claim of any kind ("Claim") in or to any distribution of or from the trust account in which a portion of the proceeds of Maker's initial public offering (the "IPO") were deposited, as described in greater detail in the prospectus filed with the SEC in connection with the IPO, and hereby agrees not to seek recourse, reimbursement, payment or satisfaction for any Claim against the trust account for any reason whatsoever. View More