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.
Appears in 5 contracts
Samples: Management Services Agreement, Management and Consulting Services Agreement (Tianhe Union Holdings Ltd.), Management Services Agreement (You on Demand Holdings, Inc.)
Breach or Insolvency. Either of Any Party A or Party B may terminate this Agreement immediately (a) upon the material breach by the any other Party of its that Party’s obligations hereunder and the failure of such Party to cure such breach within thirty (30) working days after written notice from the non-breaching PartyPart(ies); or (b) upon the filing of a voluntary or involuntary petition in bankruptcy by the other another Party or of which the such other Party 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.
Appears in 1 contract
Samples: Manufacturing and Supply Agreement (China Valves Technology, Inc)
