Common use of Bankruptcy and Insolvency Clause in Contracts

Bankruptcy and Insolvency. Xxxxx XXXX may, without prejudice to any other right or remedy, fully or partially terminate this contract and, at its option, take possession of the work-in-progress and finish the work-in-progress by whatever method Xxxxx XXXX xxxxx appropriate if: (a) the Contractor files for bankruptcy protection; (b) an involuntary petition is filed against the Contractor and not dismissed within 30 days; (c) the Contractor becomes insolvent or a receiver is appointed due to the Contractor's insolvency; (d) the Contractor makes a general assignment for the benefit of creditors; or (e) the Contractor or its affiliates are unable to provide reasonable assurances that the Contractor or its affiliates can provide the deliverable(s) under this contract. Contractor will place appropriate notices or labels on the work-in-progress to indicate ownership by Xxxxx XXXX. To the extent reasonably possible, work-in-progress must be stored separately from other stock and marked conspicuously with labels indicating Xxxxx XXXX ownership.

Bankruptcy and Insolvency. Xxxxx XXXX may, without prejudice to any other right or remedy, fully or partially terminate this contract and, at its option, take possession of the work-in-progress and finish the work-in-progress by whatever method Xxxxx XXXX xxxxx appropriate if: (a) the Contractor files for bankruptcy protection; (b) an involuntary petition is filed against the Contractor and not dismissed within 30 days; (c) the Contractor becomes insolvent or a receiver is appointed due to the Contractor's insolvency; (d) the Contractor makes a general assignment for the benefit of creditors; or (e) the Contractor or its affiliates are unable to provide reasonable assurances that the Contractor or its affiliates can provide the deliverable(s) under this contract. Contractor will place appropriate notices or labels on the work-in-progress to indicate ownership by Xxxxx XXXX. To the extent reasonably possible, work-in-in- progress must be stored separately from other stock and marked conspicuously with labels indicating Xxxxx XXXX ownership.

Bankruptcy and Insolvency. Xxxxx XXXX may, without prejudice to any other right or remedy, fully or partially terminate this contract and, at its option, take possession of the work-in-progress and finish the work-in-progress by whatever method Xxxxx XXXX xxxxx appropriate if: (a) the Contractor files for bankruptcy protection; (b) an involuntary petition is filed against the Contractor and not dismissed within 30 days; (c) the Contractor becomes insolvent or a receiver is appointed due to the Contractor's insolvency; (d) the Contractor makes a general assignment for the benefit of creditors; or (e) the Contractor or its affiliates are unable to provide reasonable assurances that the Contractor or its affiliates can provide the deliverable(s) under this contract. Contractor will place appropriate notices or labels on the work-in-progress to indicate ownership by Xxxxx XXXX. XXXX To the extent reasonably possible, work-in-in- progress must be stored separately from other stock and marked conspicuously with labels indicating Xxxxx XXXX ownership.

Bankruptcy and Insolvency. Xxxxx XXXX Westwood may, without prejudice to any other right or remedy, fully or partially terminate this contract and, at its option, take possession of the work-in-progress and finish the work-in-progress by whatever method Xxxxx XXXX xxxxx Xxxxxxxx deems appropriate if: (a) the Contractor files for bankruptcy protection; (b) an involuntary petition is filed against the Contractor and not dismissed within 30 days; (c) the Contractor becomes insolvent or a receiver is appointed due to the Contractor's insolvency; (d) the Contractor makes a general assignment for the benefit of creditors; or (e) the Contractor or its affiliates are unable to provide reasonable assurances that the Contractor or its affiliates can provide the deliverable(s) under this contract. Contractor will place appropriate notices or labels on the work-in-progress to indicate ownership by Xxxxx XXXXWestwood. To the extent reasonably possible, work-in-in- progress must be stored separately from other stock and marked conspicuously with labels indicating Xxxxx XXXX Westwood ownership.