Common use of Acts of Insolvency Clause in Contracts

Acts of Insolvency. Either Party may terminate this Agreement by written notice if the other Party becomes insolvent, makes a general assignment for the benefit of creditors, suffers or permits the appointment of a receiver for its business or assets, or has wound up or liquidated, voluntarily or otherwise.

Acts of Insolvency. Either Party party to this Agreement may terminate this Agreement for default by written notice if the other Party party becomes insolvent, makes a general assignment for the benefit of creditors, files a voluntary petition of bankruptcy, suffers or permits the appointment of a the receiver for its business assets, or assetsbecomes subject to any proceeding under any bankruptcy or insolvency law, whether domestic or foreign, or has wound up or liquidated, voluntarily or otherwise. A party hereto shall immediately notify the other party upon an occurrence of any such event.

Acts of Insolvency. Either Party party may terminate this Agreement by written notice if the other Party party becomes insolvent, makes a general assignment for the benefit of creditors, suffers or permits the appointment of a receiver for its business or assets, becomes subject to any proceeding under any bankruptcy or insolvency law whether domestic or foreign, or has wound up or liquidated, voluntarily or otherwise.

Acts of Insolvency. Either Party party may terminate this Agreement by written or electronic notice to the other and to regard the other party as in default of this Agreement, if the other Party party becomes insolvent, makes a general assignment for the benefit of creditors, files a voluntary petition of bankruptcy, suffers or permits the appointment of a receiver for its business or assets, or becomes subject to any proceeding under any bankruptcy or insolvency law, whether domestic or foreign, or has wound up or liquidatedliquidated its business, voluntarily or otherwise.

Acts of Insolvency. Either Party A party may terminate this Agreement by written notice to the other, and may regard the other party as in default of this Agreement, if the other Party party becomes insolvent, makes a general assignment for the benefit of creditors, suffers or permits the appointment of a receiver for its business or assets, becomes subject to any proceeding under any bankruptcy or insolvency law whether domestic or foreign, or has wound up or liquidated, voluntarily or otherwise.