Breach or Insolvency. Either of Party A or Party B may terminate this Agreement immediately (a) upon the material breach by the other of its obligations hereunder and the failure of such Party to cure such breach within thirty (30) working days after written notice from the non-breaching Party; or (b) upon the filing of a voluntary or involuntary petition in bankruptcy by the other or of which the other is the subject, or the insolvency of the other, or the commencement of any proceedings placing the other in receivership, or of any assignment by the other for the benefit of creditors.
Breach or Insolvency. Either of Bona or Lianhe may terminate this Agreement immediately (a) upon the material breach by the other of its obligations hereunder and the failure of such Party to cure such breach within thirty (30) calendar days after written notice from the non-breaching Party; or (b) upon the filing of a voluntary or involuntary petition in bankruptcy by the other or of which the other is the subject, or the insolvency of the other, or the commencement of any proceedings placing the other in receivership, or of any assignment or distribution by the other for the benefit of creditors.
Breach or Insolvency. Either of HEZL or CETL may terminate this Agreement immediately
(a) upon the material breach by the other of its obligations hereunder and the failure of such Party to cure such breach within thirty (30) working days after written notice from the non-breaching Party; or (b) upon the filing of a voluntary or involuntary petition in bankruptcy by the other or of which the other is the subject, or the insolvency of the other, or the commencement of any proceedings placing the other in receivership, or of any assignment by the other for the benefit of creditors.
Breach or Insolvency. Either of ICP Co or WFOE may terminate this Agreement immediately (a) upon the material breach by the other of its obligations hereunder and the failure of such Party to cure such breach within thirty (30) working days after written notice from the non-breaching Party; or (b) upon the filing of a voluntary or involuntary petition in bankruptcy by the other or of which the other is the subject, or the insolvency of the other, or the commencement of any proceedings placing the other in receivership, or of any assignment by the other for the benefit of creditors.
Breach or Insolvency. Upon failure to pay rent or breach of this agreement, if Lessee becomes insolvent or takes advantage of any law for the relief of debtors or a petition in bankruptcy or similar relief is filed by or against Lessee under any present or future law, or any of the equipment is attached, or if Lessee or its owners take any action looking to its dissolution or liquidation, Lessor may terminate this agreement and take possession of and remove the equipment regardless of its location, without prejudice to any remedies or claims which Lessor might otherwise possess by law or pursuant to this lease agreement, for lease charges payable, late fees or service charges, damage or loss charges, and collection charges including court costs and attorney fees, and Lessor and its agents, shall not be liable for any claims for damage or trespass arising out of the removal of the equipment.
Breach or Insolvency. Without prejudice to any other right or remedy it may have, either Party may terminate this Agreement at any time by notice in writing to the other Party (the '(Other Party"), such termination to take effect as specified in the notice:
(a) if the Other Party is in material or persistent breach of this Agreement and, in the case of a breach capable of remedy within thirty (30) days, the breach is not remedied within thirty (30) days of the Other Party receiving notice specifying the breach and requiring its remedy; or
(b) if (A) the Other Party, being a corporate entity, becomes insolvent or unable to pay• its debts as and when they become due, or (B) an order is made or a resolution is passed for the winding up of the Other Party (other than voluntarily for the purpose of solvent amalgamation or reconstruction), or (C) a liquidator, administrator, administrative receiver, receiver .or trustee is appointed in respect of the whole or any part of the Other Party's assets or business, or (D) the Other Party makes any composition with its creditors, or (E) the Other Party ceases to continue its business, or (F) the Other Party takes or suffers any similar or analogous action in any jurisdiction as a consequence of debt or maladministration.
Breach or Insolvency. Either of iASPEC or PST may terminate this Agreement immediately (a) upon the material breach by the other of its obligations hereunder and the failure of such Party to cure such breach within thirty (30) working days after written notice from the non-breaching Party; or (b) upon the filing of a voluntary or involuntary petition in bankruptcy by the other or of which the other is the subject, or the insolvency of the other, or the commencement of any proceedings placing the other in receivership, or of any assignment by the other for the benefit of creditors.
Breach or Insolvency. Either of DSBT or DSHK may terminate this Agreement immediately (a) upon the material breach by the other of its obligations hereunder and the failure of such Party to cure such breach within thirty (30) working days after written notice from the non-breaching Party; or (b) upon the filing of a voluntary or involuntary petition in bankruptcy by the other or of which the other is the subject, or the insolvency of the other, or the commencement of any proceedings placing the other in receivership, or of any assignment by the other for the benefit of creditors.
Breach or Insolvency. Either of JYBL or YIBL may terminate this Agreement immediately
(a) upon the material breach by the other of its obligations hereunder and the failure of such Party to cure such breach within thirty (30) working days after written notice from the non-breaching Party; or (b) upon the filing of a voluntary or involuntary petition in bankruptcy by the other or of which the other is the subject, or the insolvency of the other, or the commencement of any proceedings placing the other in receivership, or of any assignment by the other for the benefit of creditors.
Breach or Insolvency. Upon failure to pay rent or breach of this agreement, if Lessee becomes insolvent or takes advantage of any law for the relief of debtors or a petition in bankruptcy or similar relief is filed by or against Lessee under any present or future law, or any of the Equipment is attached, or if Lessee or its owners take any action looking to its dissolution or liquidation, Lessor may terminate this agreement and take possession of and remove the Equipment regardless of its location, without prejudice to any remedies or claims which Lessor might otherwise possess by law or pursuant to this lease agreement, for lease charges payable, late fees or service charges, damage or loss charges, and collection charges including court costs and attorney fees, and Lessor and its agents, shall not be liable for any claims for damage or trespass arising out of the removal of the Equipment in addition, Lessor may (a) declare all sums due and to become due hereunder immediately due and payable, (b) proceed by appropriate court action or actions or other proceedings either at law or in equity to force performance by Xxxxxx of any and all provisions of this agreement and to recover the damages for the breach thereof, and (c) exercise one or more of the rights and remedies available to a secured party under the Uniform Commercial Code, whether or not this transaction is subject thereto. In addition, Xxxxxx agrees to pay Lessor, as liquidated damages for the loss of the bargain and not as a penalty.
(1) an amount equal to all accrued and unpaid rentals, including late fees or service charges, and all other amounts then due and remaining unpaid plus the present worth of all unaccrued rentals plus the fair market value (as determined by Lessor) of the Equipment in the same condition as received by Lessee, reasonable wear from the normal use thereof.
