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.
Appears in 5 contracts
Samples: Terms and Conditions of Purchase of Goods and Services, Terms and Conditions of Purchase of Goods and Services, Terms and Conditions of Purchase of Goods and Services
