Common use of By events Clause in Contracts

By events. PayPal may terminate this Agreement immediately without notice if you: a. Breach this Agreement or the User Agreement; b. Become unable to pay or perform your obligations as they fall due; c. Become unable to pay your debts (within the meaning of section 123 of the Insolvency Act 1986), admit your inability to pay your debts or otherwise become insolvent; d. Have any distraint, execution, attachment or similar action taken, levied or enforced against you or your assets, or if any garnishee order is issued or served on you; e. Become the subject of any petition presented, order made or resolution passed for the liquidation, administration, bankruptcy or dissolution of all or a substantial part of your business, except where solvent amalgamation or reorganisation is proposed on terms previously approved by PayPal, f. Lose full and unrestricted control over all or part of your assets because of the appointment of a receiver, manager, trustee, liquidator or similar officer; g. Enter into or proposes any composition or arrangement concerning your debts with your creditors (or any class of its creditors); h. A material adverse change occurs in your business, operations, or financial condition; or i. You provide inaccurate information in applying for your Product or in your dealings with us.

Appears in 2 contracts

Samples: Paypal Website Payments Pro and Virtual Terminal Agreement, Paypal Website Payments Pro and Virtual Terminal Agreement

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By events. PayPal may terminate this Agreement immediately without notice if you: a. 8.3.1 Breach this Agreement or the User Agreement; b. 8.3.2 Become unable to pay or perform your obligations as they fall due; c. 8.3.3 Become unable to pay your debts (within the meaning of section 123 of the Insolvency Act 1986), admit your inability to pay your debts or otherwise become insolvent; d. 8.3.4 Have any distraint, execution, attachment or similar action taken, levied or enforced against you or your assets, or if any garnishee order is issued or served on you; e. 8.3.5 Become the subject of any petition presented, order made or resolution passed for the liquidation, administration, bankruptcy or dissolution of all or a substantial part of your business, except where solvent amalgamation or reorganisation is proposed on terms previously approved by PayPal, f. 8.3.6 Lose full and unrestricted control over all or part of your assets because of the appointment of a receiver, manager, trustee, liquidator or similar officer; g. 8.3.7 Enter into or proposes any composition or arrangement concerning your debts with your creditors (or any class of its creditors); h. 8.3.8 A material adverse change occurs in your business, operations, or financial condition; or i. 8.3.9 You provide inaccurate information in applying for your Product or in your dealings with us.

Appears in 2 contracts

Samples: Paypal Online Card Payment Services Agreement, Paypal Online Card Payment Services Agreement

By events. PayPal may terminate this Agreement immediately without notice if you: a. Breach this Agreement or the User Agreement; b. Become unable to pay or perform your obligations as they fall due; c. Become unable to pay your debts (within the meaning of section 123 of the Insolvency Act 1986), admit your inability to pay your debts or otherwise become insolvent; d. Have any distraint, execution, attachment or similar action taken, levied or enforced against you or your assets, or if any garnishee order is issued or served on you; e. Become the subject of any petition presented, order made or resolution passed for the liquidation, administration, bankruptcy or dissolution of all or a substantial part of your business, except where solvent amalgamation or reorganisation is proposed on terms previously approved by PayPal,; f. Lose full and unrestricted control over all or part of your assets because of the appointment of a receiver, manager, trustee, liquidator or similar officer; g. Enter into or proposes propose any composition or arrangement concerning your debts with your creditors (or any class of its your creditors); h. A material adverse change occurs in your business, operations, or financial condition; or i. You provide inaccurate information in applying for your Product or in your dealings with us.

Appears in 2 contracts

Samples: Paypal Hosted Solution and Eterminal Agreement, Paypal Hosted Solution and Eterminal Agreement

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By events. PayPal may terminate this Agreement immediately without notice if you: a. 8.3.1 Breach this Agreement or the User Agreement; b. 8.3.2 Become unable to pay or perform your obligations as they fall due; c. 8.3.3 Become unable to pay your debts (within the meaning of section 123 of the Insolvency Act 1986), admit your inability to pay your debts or otherwise become insolvent; d. 8.3.4 Have any distraint, execution, attachment or similar action taken, levied or enforced against you or your assets, or if any garnishee order is issued or served on you; e. 8.3.5 Become the subject of any petition presented, order made or resolution passed for the liquidation, administration, bankruptcy or dissolution of all or a substantial part of your business, except where solvent amalgamation or reorganisation is proposed on terms previously approved by PayPal,; f. 8.3.6 Lose full and unrestricted control over all or part of your assets because of the appointment of a receiver, manager, trustee, liquidator or similar officer; g. 8.3.7 Enter into or proposes propose any composition or arrangement concerning your debts with your creditors (or any class of its your creditors); h. 8.3.8 A material adverse change occurs in your business, operations, or financial condition; or i. 8.3.9 You provide inaccurate information in applying for your Product or in your dealings with us.

Appears in 2 contracts

Samples: Paypal Online Card Payment Services Agreement, Paypal Online Card Payment Services Agreement

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