EYE » Topics » 8.13. Severability

This excerpt taken from the EYE 8-K filed Apr 3, 2007.

11.13 Severability.

If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions

 

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the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

This excerpt taken from the EYE 10-Q filed Aug 9, 2006.
8.13.       Severability.  If any provision or portion of a provision of this Agreement is held by a court of competent jurisdiction to be invalid under any applicable statute or rule of law, such court is authorized to modify such provision to the minimum extent necessary to make it valid,

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and the remaining provisions or portions of provisions of this Agreement shall in no way be affected or impaired thereby.

EXCERPTS ON THIS PAGE:

8-K
Apr 3, 2007
10-Q
Aug 9, 2006
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