Common use of Agreement Termination Clause in Contracts

Agreement Termination. This Agreement may be terminated as follows: (a) by either Party if the other Party commits a Material Breach, or (b) By either Party at any time if the other Party (i) ceases to do business for any reason, (ii) has a receiver or administrator appointed over all or part of its assets, or (iii) becomes subject to any bankruptcy, insolvency, reorganization, liquidation or other similar proceedings, and if such proceedings are involuntary, are not dismissed within thirty (30) days of commencement.

Appears in 5 contracts

Samples: Master Services Agreement, Master Services Agreement, Master Services Agreement

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Agreement Termination. This Agreement may be terminated as follows: (a) by either Party if the other Party commits a Material Breach, or (b) By either Party at any time if the other Party Party (i) ceases to do business for any reason, (ii) has a receiver or administrator appointed over all or part of its assets, or (iii) becomes subject to any bankruptcy, insolvency, reorganization, liquidation or other similar proceedings, and if such proceedings are involuntary, are not dismissed within thirty (30) days of commencement.

Appears in 2 contracts

Samples: Master Services Agreement, Master Services Agreement

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Agreement Termination. This Agreement may be terminated as follows: (a) by either Party if the other Party commits a Material Breach, Breach or (b) By either Party at any time if the other Party Party (i) ceases to do business for any reason, (ii) has a receiver or administrator appointed over all or part of its assets, or (iii) becomes subject to any bankruptcy, insolvency, reorganization, liquidation or other similar proceedings, and if such proceedings are involuntary, are not dismissed within thirty (30) days of commencement...

Appears in 2 contracts

Samples: Master Services Agreement, Master Services Agreement

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