Cancellation for Insolvency. If Supplier becomes insolvent, files a petition for bankruptcy or commences or has commenced against it proceedings relating to bankruptcy, receivership, reorganization or assignment for the benefit of creditors, then Buyer may terminate a Purchase Order and any related agreement upon 10 days’ prior written notice to Supplier.
Cancellation for Insolvency. National shall have the right to cancel any unfilled order without notice to Buyer in the event that Buyer becomes insolvent; adjudicated bankrupt; petitions for or consents to any relief under any bankruptcy reorganization statutes; or becomes unable to meet its financial obligations in the normal course of business.
Cancellation for Insolvency. In the event of any suspension of payment or the institution of any proceedings by or against either party, voluntary or involuntary, in bankruptcy or insolvency, or under any provision of the United State Bankruptcy Act, or for the appointment of a receiver or trustee or an assignee for the benefit of creditors of either party, or in the event of a breach of any of the terms hereof, including warranties of Seller, the Purchaser shall be entitled to cancel this Purchase Order forthwith, without liability for loss of anticipated profits.
Cancellation for Insolvency. In the event of any proceeding, voluntary or involuntary, in bankruptcy or insolvency by or against Supplier, or in the event of the appointment, with or without Supplier’s consent of an assignee for the benefit of creditors or of a receiver, or if Buyer in its reasonable judgment concludes that Supplier’s financial condition or ability to perform this Purchase Order has been adversely affected, then Buyer shall be entitled to cancel any unfilled part of this Purchase Order without any liability, whatsoever.
Cancellation for Insolvency. In the event of the institution of any proceedings against Seller, voluntary or involuntary, in bankruptcy or insolvency, or under any provisions of the United States Bankruptcy Code, or for the appointment of a receiver or trustee or an assignee for the benefit of creditors of Seller, Buyer shall be entitled to cancel this contract forthwith, without liability or loss of anticipated profits.
