Bankruptcy Termination. This Agreement may be terminated by either Party upon at least thirty (30) days prior written notice if the other Party is declared insolvent or bankrupt, or makes an assignment for the benefit of creditors, or a receiver is appointed or any proceeding is demanded by, for or against the other under any provision of bankruptcy law.
Bankruptcy Termination. This Agreement may be terminated by either Party upon not less than thirty (30) days’ prior written notice if the other Party is declared insolvent or bankrupt, or makes an assignment for the benefit of creditors, or a receiver is appointed or any proceeding is demanded by, for or against the other under any provision of the federal bankruptcy Laws. Any termination of this Agreement pursuant to this Section 8.2.3 shall be without prejudice to any rights or obligations of the Parties accruing prior to such termination, including the right to payment of unpaid amounts owing for Services performed prior to termination.
Bankruptcy Termination. Either party may terminate this agreement immediately upon the bankruptcy of the other party. As used in this Section 9.2.3, bankruptcy of a party hereto shall mean the filing of a petition commencing a voluntary case against it under the Bankruptcy Code; a general assignment by it for the benefit of creditors; its insolvency, its inability to pay its debts as they become due; the filing by it of any petition or answer in any proceeding seeking for itself or consenting to, any insolvency, receivership, or similar relief under any law or regulation.
Bankruptcy Termination. To the extent permitted by applicable law, either Party may terminate this Agreement by giving written notice of termination to the other Party within thirty (30) days of the filing for bankruptcy by such other Party or the making by such other Party of any assignment for the benefit of creditors. Termination shall be effective upon the date specified in such notice of termination for bankruptcy. All rights and licenses granted under or pursuant to this Agreement by a Party are, and shall otherwise be deemed to be, for purposes of Section 365(n) of Title ll, U.S. Code (the “Bankruptcy Code”), licenses of right to “Intellectual Property” as defined under Section 101(35A) of the Bankruptcy Code. The Parties agree that the Parties as licensees of such rights under this Agreement, shall retain and may fully exercise all of their rights and elections they would have in the case of a licensor bankruptcy under the Bankruptcy Code, in accordance with the Agreement. Each Party agrees during the Term to create or maintain current copies, or if not amenable to copying, detailed descriptions or other appropriate embodiments, of all such intellectual property licensed to the other Party.
Bankruptcy Termination. Management Company may terminate this Agreement upon the "bankruptcy" of Vanderbilt, and Vanderbilt may terminate this Agreement upon the "bankruptcy" of Management Company, in each case upon written notice thereof to the other party. As used in this Section, "bankruptcy" of a party means: the filing of a petition commencing a voluntary case against it under the Bankruptcy Code; a general assignment by it for the benefit of creditors; its insolvency; its inability to pay its debts as they become due; the filing by it of any petition or answer in any proceeding seeking for itself or consenting to, or acquiescing in, any insolvency, receivership, composition, readjustment, liquidation, dissolution, or similar relief under any present or future statute, law, or regulation, or the filing by it of an answer or other pleading admitting or failing to deny or to contest the material allegations of the petition filed against it in any such proceeding; its seeking or consent to, or acquiescence in the appointment of, any trustee, receiver, or liquidator of it or any material part of its property; or the commencement against it of any involuntary case under the Bankruptcy Code, or a proceeding under any receivership, composition, readjustment liquidation, insolvency, dissolution, or like law or statute, which case or proceeding is not dismissed or vacated within sixty (60) days from commencement.
Bankruptcy Termination. If during the Term Distributor ceases its operations, becomes insolvent, files for or otherwise enters into bankruptcy proceedings, including if Distributor is unable to pay its debts as they fall due or makes any assignment for the benefit of creditors or if any action or proceeding under bankruptcy or insolvency law is taken by or against Distributor or if Distributor effects a voluntary or compulsory liquidation of assets (other than for the purposes of solvent reconstruction or amalgamation), all rights shall revert back to Producer immediately.
Bankruptcy Termination. This Agreement may be terminated by either Party hereto immediately if any other Party hereto is declared insolvent or bankrupt, or makes an assignment for the benefit of creditors, or a receiver is appointed or any proceeding is demanded by, for or against the other Party under any provision of the Federal Bankruptcy Act or any similar or analogous Law. Any termination of this Agreement pursuant to this Section 6.3(c) shall be without prejudice to any rights or obligations of the Parties hereto accruing prior to such termination including the right to payment of unpaid Fees and reimbursable costs owing for Services performed prior to termination.
Bankruptcy Termination. In the event that the Company, at any time on or before the Consummation Date, makes a general assignment or any general arrangement or compromise for the benefit of creditors, files a petition under the Bankruptcy Code or otherwise commences, authorizes or acquiesces in the commencement of a proceeding under any bankruptcy or similar law for the protection of creditors, or has a petition commenced against it, then (i) this Agreement shall terminate forthwith, with the effect described in Section 12.4(a), and (ii) the provisions of Section 12.5 shall apply with respect to the Existing PPAs The Parties agree and stipulate that this Agreement is a contract to (i) extend debt financing to or for the benefit of the Company, (ii) extend financial accommodations to or for the benefit of the Company and (iii) issue one or more securities of the Company. As a consequence, the Parties further agree and stipulate that the provisions of Sections 365(c)(2) and (e)(2)(B) of the Bankruptcy Code, among others, would be applicable and binding on the Parties in the event the Company becomes a debtor under the Bankruptcy Code.
Bankruptcy Termination. This Agreement may be terminated by either party hereto upon at least 30 days prior written notice if the other party hereto is declared insolvent or ***Certain confidential portions of this exhibit were omitted by means of redacting a portion of the text. Copies of the exhibit containing the redacted portions have been filed separately with the Securities and Exchange Commission subject to a request for confidential treatment pursuant to Rule 24b-2 under the Securities Exchange Act. bankrupt, or makes an assignment for the benefit of creditors, or a receiver is appointed or any proceeding is demanded by, for or against the other under any provision of the Federal Bankruptcy Act. Any termination of this Agreement shall be without prejudice to any rights or obligations of the parties hereto accruing prior to such termination including the right to payment of unpaid amounts owing for services performed prior to termination.
Bankruptcy Termination. This Agreement may be terminated by either Party hereto upon at least thirty (30) days prior written notice if the other Party hereto is declared insolvent or bankrupt, or makes an assignment for the benefit of creditors, or a receiver is appointed or any proceeding is demanded by, for or against the other under any provision of the Federal Bankruptcy Act. Any termination of this Agreement pursuant to this Section 7.3(c) shall be without prejudice to any rights or obligations of the Parties hereto accruing prior to such termination including the right to payment of unpaid Fees and reimbursable costs owing for Transition Services performed prior to termination.
