Common use of By Either Party for Insolvency Clause in Contracts

By Either Party for Insolvency. Either Party may terminate this Agreement upon written notice if the other Party is dissolved or liquidated, files or has filed against it a petition under any bankruptcy or insolvency law that is not dismissed within **, makes an assignment for the benefit of its creditors or has a receiver or trustee appointed for all or substantially all of its property.

By Either Party for Insolvency. (i) Either Party may terminate this Agreement upon immediately by written notice to the other Party if the other Party is dissolved or liquidatedbecomes insolvent, files makes or has filed against it a petition under any bankruptcy or insolvency law that is not dismissed within **, makes made an assignment for the benefit of its creditors creditors, is the subject of proceedings in voluntary or involuntary bankruptcy proceedings on behalf of or against it (except for involuntary bankruptcy proceedings that are dismissed within [***] calendar days) or has a receiver or trustee appointed for all or substantially all of its property.

By Either Party for Insolvency. Either Party may terminate this Agreement effective immediately upon delivery of written notice to the other Party if the other Party is dissolved or liquidated, files or has filed against it a petition under any bankruptcy or insolvency law that is not dismissed within [***], makes an assignment for the benefit of its creditors or has a receiver or trustee appointed for all or substantially all of its property.

By Either Party for Insolvency. Either Party may terminate this Agreement upon written notice if the other Party is dissolved or liquidated, files or has filed against it a petition under any bankruptcy or insolvency law that is not dismissed within **sixty (60) days, makes an assignment for the benefit of its creditors or has a receiver or trustee appointed for all or substantially all of its property.