Severability Contract Clauses (27,855)

Severability. The provisions of this Agreement are severable and if any provision of this Agreement is determined to be invalid, illegal, or unenforceable for any reason, such provision will be adjusted rather than voided, to the extent possible, in order to achieve the intent of the Parties to this Agreement, and if adjustment is not possible, the provision will be severed from this Agreement. The remaining provisions of this Agreement will not be affected by the adjustment or severing of the invalid, illega...l, or unenforceable term. View More

Severability. If any provision or provisions of this Agreement shall be held to be invalid, illegal or unenforceable for any reason whatsoever: (a) the validity, legality and enforceability of the remaining provisions of this Agreement (including, without limitation, each portion of any Section, paragraph or sentence of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall not in any way be affected or impaired th...ereby and shall remain enforceable to the fullest extent permitted by law; (b) such provision or provisions shall be deemed reformed to the extent necessary to conform to applicable law and to give the maximum effect to the intent of the parties hereto; and (c) to the fullest extent possible, the provisions of this Agreement (including, without limitation, each portion of any Section, paragraph or 11 sentence of this Agreement containing any such provision held to be invalid, illegal or unenforceable, that is not itself invalid, illegal or unenforceable) shall be construed so as to give effect to the intent manifested thereby. View More

Severability. If all or any part of this Option Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any portion of this Option Agreement or the Plan not declared to be unlawful or invalid. Any Section of this Option Agreement or the Plan (or part of such a Section) so declared to be unlawful or invalid shall, if possible, be construed in a manner which shall give effect to the terms of such Section or part of ...a Section to the fullest extent possible while remaining lawful and valid. View More

Severability. If any one or more of the provisions of this Contract is declared invalid or unenforceable in any respect under any applicable law, the validity, legality or enforceability of the remaining provisions contained therein shall not in any way be affected or impaired.

Severability. If any one or more of the provisions of this Contract is declared invalid or unenforceable in any respect under any applicable law, the validity, legality or enforceability of the remaining provisions contained shall not in any way be affected or impaired.

Severability. In the event any provision of this Agreement is held to be void, null or unenforceable, the remaining portions shall remain in full force and effect.

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. 2 12. Trust Waiver. Notwithstanding anything herein to the contrary, the Payee hereby waives any an...d all right, title, interest or claim of any kind ("Claim") in or to any distribution of or from the trust account to be established in which the proceeds of the initial public offering (the "IPO") to be conducted by the Maker (including the deferred underwriters discounts and commissions or business combination marketing fees) and the proceeds of the sale of the units to be issued in a private placement to occur prior to the closing of the IPO are to be deposited, as described in greater detail in the registration statement and prospectus to be filed with the Securities and Exchange Commission 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

Severability. If any provision of this Agreement is prohibited by applicable law, the Parties shall amend such provision to the extent (and only to the extent) necessary to comply with such law. Subject to the preceding sentence, if any provision of this Agreement or the application thereof to either Party or circumstance shall be held invalid or unenforceable to any extent, the remainder of this Agreement and the application of such provision to other parties or circumstances shall not be affected thereby an...d shall be enforced to the greatest extent permitted by law. 12 18. Notices. All notices, requests, and demands to or upon the respective Parties hereto shall be effective in writing (including by email) and shall be deemed to have been duly given or made when delivered by hand, in the case of email upon being sent (provided that delivery of such communication is received by the Party upon sending such communication), two (2) Business Days after having been deposited with a reputable international overnight courier service, or, if sent within the United States, three (3) Business Days after being deposited in the United States mail, certified or registered, postage prepaid. Notices shall be sent to the following addresses or such other address as may be substituted by giving the other Party not fewer than five (5) Business Days' advance written notice of such change of address: If to Client, to: LSF[ ] MORTGAGE HOLDINGS, LLC 2711 North Haskell Avenue, Suite 1700, Dallas, TX 75204 Attention: General Counsel Email: generalcounsel@lonestarfunds.com If to Manager to: HUDSON AMERICAS L.P. 2711 North Haskell Avenue, Suite 1800 Dallas, TX 75204 Attention: General Counsel Email: generalcounsel@hudson-advisors.com If to REO Management Vendor: HUDSON HOMES MANAGEMENT LLC 2711 North Haskell Avenue, Suite 1800 Dallas, TX 75204 Attention: General Counsel Email: generalcounsel@hudson-advisors.com If to Servicer to: CALIBER HOME LOANS, INC. 1525 South Belt Line Road Coppell, TX 75019 Attention: Legal 19. Amendment. An amendment or modification of this Agreement shall be effective or binding on a Party only if it is in writing and signed by that Party. View More

Severability. If any provision of this Agreement is prohibited by applicable law, the Parties shall amend such provision to the extent (and only to the extent) necessary to comply with such law. Subject to the preceding sentence, if any provision of this Agreement or the application thereof to either Party or circumstance shall be held invalid or unenforceable to any extent, the remainder of this Agreement and the application of such provision to other parties or circumstances shall not be affected thereby an...d shall be enforced to the greatest extent permitted by law. View More

Severability. Each provision and agreement herein shall be treated as separate and independent from any other provision or agreement herein and shall be enforceable notwithstanding the unenforceability of any such other provision or agreement.