Common use of Bankruptcy Termination Clause in Contracts

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. This Agreement may be terminated by either Party party hereto upon not less than thirty (30) days’ at least 30 days prior written notice if the other Party 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 LawsFederal Bankruptcy Act. Any termination of this Agreement pursuant to this Section 8.2.3 shall be without prejudice to any rights or obligations of the Parties parties hereto accruing prior to such termination, termination including the right to payment of unpaid amounts owing for Services services performed prior to termination.