Common use of BANKRUPTCY AND OTHER CIRCUMSTANCES Clause in Contracts

BANKRUPTCY AND OTHER CIRCUMSTANCES. (a) In the event SELLER was adjudicated bankrupt by any competent Court or other competent Authority or there are instituted legal proceedings or other steps are taken for its winding-up or dissolution or the appointment of an administrator or receiver of the undertaking of property of the SELLER, or the insolvency, or the cessation of the carrying Date: 13th November, 2013 15/61 on of business by the SELLER or any like or similar circumstance occurring under the laws of the People’s Republic of China, or

BANKRUPTCY AND OTHER CIRCUMSTANCES. (a) In the event SELLER was adjudicated bankrupt by any competent Court or other competent Authority or there are instituted legal proceedings or other steps are taken for its winding-up or dissolution or the appointment of an administrator or receiver of the undertaking of property of the SELLER, or the insolvency, or the cessation of the carrying Date: 13th November, 2013 15/61 on of business by the SELLER or any like or similar circumstance occurring under the laws of the People’s Republic of China, or

BANKRUPTCY AND OTHER CIRCUMSTANCES. (a) In the event SELLER was adjudicated bankrupt by any competent Court or other competent Authority or there are instituted legal proceedings or other steps are taken for its winding-up or dissolution or the appointment of an administrator or receiver of the undertaking of property of the SELLER, or the insolvency, or the cessation of the carrying Date: 13th November, 2013 15/61 on of business by the SELLER or any like or similar circumstance occurring under the laws of the People’s Republic of China, oror Date: 13th November, 2013 15/60