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<br />Severabilitv The invalidity of one or more of the phrases, <br />sentences, clauses, or Sections contained in this Agreement shall <br />not affect the validity of the remaining portion of the Agreement, <br />provided the material purposes of this Agreement can be determined <br />and effectuated. <br /> <br />Waiver There shall be no walver of any right related to this <br />Agreement unless in writing signed by the party waiving such <br />right. No delay or failure to exercise a right under this <br />Agreement shall impair such right or shall be construed to be a <br />waiver thereof. Any waiver shall be limited to the particular <br />right so waived and shall not be deemed a waiver of the same right <br />at a later time, or of any other right under this Agreement. <br /> <br />8 <br />