Common use of Bankruptcy and Insolvency Clause in Contracts

Bankruptcy and Insolvency. This agreement shall be terminated as of right without any notice being required where the customer becomes insolvent, makes a general assignment of his or her property for the benefit of his or her creditors or is declared bankrupt, if an order of receivership or liquidation is rendered against him or her, or if he or she attempts to rely upon any law governing insolvency, bankruptcy or arrangements with creditors.

Bankruptcy and Insolvency. This agreement Agreement shall be terminated as of right without any notice being required where in the customer event that the Customer becomes insolvent, makes a general assignment of his or her property for the benefit of his or her creditors or is declared bankrupt, if an order of receivership or liquidation is rendered against him or her, or if he or she attempts to rely upon on any law governing insolvency, bankruptcy or arrangements arrangement with creditors.

Bankruptcy and Insolvency. This agreement shall be terminated cancelled as of right without any notice being required where the customer Customer becomes insolvent, makes a general assignment of his or her property for the benefit of his or her creditors or is declared bankrupt, if an order of he or she is placed under receivership or in liquidation is rendered against him or her, or if he or she attempts to rely upon any law governing insolvency, bankruptcy or arrangements with creditors.

Bankruptcy and Insolvency. This agreement shall be terminated cancelled as of right without any notice being required where the customer becomes insolvent, makes a general assignment of his or her property for the benefit of his or her creditors or is declared bankrupt, if an order of he or she is placed under receivership or in liquidation is rendered against him or her, or if he or she attempts to rely upon any law governing insolvency, bankruptcy or arrangements with creditors.

Bankruptcy and Insolvency. This agreement shall be terminated as of right without any notice being required where the customer becomes insolvent, makes a general assignment of his or her property for the benefit of his or her creditors or is declared bankrupt, if an order of receivership or liquidation is rendered against him againsthim or her, or if he or she attempts to rely upon any law governing insolvency, bankruptcy or arrangements with creditors.

Bankruptcy and Insolvency. This agreement shall be terminated cancelled as of right without any notice being required where the customer becomes insolvent, makes a general assignment of his or her property for the benefit of his or her creditors or is declared bankrupt, if an order of receivership or liquidation is rendered against him or her, or if he or she attempts to rely upon any law governing insolvency, bankruptcy or arrangements arrange- ments with creditors.