Common use of Bankruptcy; Dissolution Clause in Contracts

Bankruptcy; Dissolution. This Agreement will terminate immediately upon the (i) filing by any Party of a voluntary petition in bankruptcy; (ii) adjudication of such Party as bankrupt; (iii) the filing of any petition or other pleading in any action seeking reorganization, rearrangement, adjustment, or composition of, or in respect of such Party under the United States Bankruptcy Code or any other similar state or federal law dealing with creditors’ rights generally;

Appears in 10 contracts

Samples: Innovation Network School Agreement, Innovation Network School Agreement, Innovation Network School Agreement

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Bankruptcy; Dissolution. This Agreement will terminate immediately upon the the (i) filing by any Party of a voluntary petition in bankruptcy; (ii) adjudication of such Party as bankrupt; (iii) the filing of any petition or other pleading in any action seeking reorganization, rearrangement, adjustment, or composition of, or in respect of such Party under the United States Bankruptcy Code or any other similar state or federal law dealing with creditors’ rights generally;; (iv) appointment of a receiver, trustee or other similar official of such Party or its property; or (v) the dissolution of its corporate entity.

Appears in 10 contracts

Samples: Innovation Network School Agreement, Innovation Network School Agreement, Innovation Network Charter School Agreement

Bankruptcy; Dissolution. This Agreement will terminate immediately upon the (i) filing by any Party of a voluntary petition in bankruptcy; (ii) adjudication of such Party as bankrupt; (iii) the filing of any petition or other pleading in any action seeking reorganization, rearrangement, adjustment, or composition of, or in respect of such Party under the United States Bankruptcy Code or any other similar state or federal law dealing with creditors’ rights generally;; (iv) appointment of a receiver, trustee or other similar official of such Party or its property; or (v) the dissolution of its corporate entity.

Appears in 3 contracts

Samples: Innovation Network Charter School Agreement, Innovation Network School Agreement, Innovation Network Charter School Agreement

Bankruptcy; Dissolution. This Agreement Contract will terminate immediately upon the (i) filing by any Party party of a voluntary petition in bankruptcy; (ii) adjudication of such Party party as bankrupt; (iii) the filing of any petition or other pleading in any action seeking reorganization, rearrangement, adjustment, or composition of, or in respect of such Party under the United States Bankruptcy Code or any other similar state or federal law dealing with creditors' rights generally;

Appears in 3 contracts

Samples: Campus Program Charter Contract, Campus Program Charter Contract, Campus Program Charter Contract

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Bankruptcy; Dissolution. This Agreement Contract will terminate immediately upon the (i) filing by any Party party of a voluntary petition in bankruptcy; (ii) adjudication of such Party party as bankrupt; (iii) the filing of any petition or other pleading in any action seeking reorganization, rearrangement, adjustment, or composition of, or in respect of such Party under the United States Bankruptcy Code or any other similar state or federal law dealing with creditors' rights generally;; or

Appears in 2 contracts

Samples: Partnership Agreement, Partnership Agreement

Bankruptcy; Dissolution. This Agreement will terminate immediately upon the (i) filing by any Party party of a voluntary petition in bankruptcy; (ii) adjudication of such Party party as bankrupt; (iii) the filing of any petition or other pleading in any action seeking reorganization, rearrangement, adjustment, or composition of, or in respect of such Party under the United States Bankruptcy Code or any other similar state or federal law dealing with creditors' rights generally;; or (iv) the permanent dissolution of OP or any valid assignee of OP as a corporate entity.

Appears in 1 contract

Samples: Education Services Agreement

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