Common use of Bankruptcy of Manager Clause in Contracts

Bankruptcy of Manager. In the event Manager files any voluntary petition in bankruptcy or any bankruptcy proceeding is filed against Manager which in either case remains undismissed for a period of 360 days, P.C., at its option, may terminate this Agreement by delivering written notice to Manager at any time after such 360 day period and prior to the dismissal of such proceeding.

Bankruptcy of Manager. In the event Manager files any voluntary petition in bankruptcy or any bankruptcy proceeding is filed against Manager which in either case remains undismissed for a period of 360 180 days, P.C., at its option, may terminate this Agreement by delivering written notice to Manager at any time after such 360 180 day period and prior to the dismissal of such proceeding.