Common use of Bankruptcy Filed Clause in Contracts

Bankruptcy Filed. A proceeding in bankruptcy or for the reorganization of the other Party or for the readjustment of its debts, under the United States Bankruptcy Code or any other State or Federal law for the relief of debtors now or hereafter existing, is commenced by or against the other Party and is not discharged within sixty (60) days of commencement; or

Appears in 5 contracts

Samples: Clearing Services Agreement (Chicago Mercantile Exchange Holdings Inc), Clearing Services Agreement (Cbot Holdings Inc), Clearing Services Agreement (Cbot Holdings Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!