Common use of City’s Right to Terminate for Bankruptcy or Assignment for the Benefit of Creditors Clause in Contracts

City’s Right to Terminate for Bankruptcy or Assignment for the Benefit of Creditors. If Contractor files a voluntary petition in bankruptcy, is adjudicated bankrupt, or makes a general assignment for the benefit of creditors, the City may at its option and without further notice to or demand upon Contractor, immediately cancel and/or terminate this Agreement, and terminate each and every right of Contractor, and any person claiming any rights by or through Contractor under this Agreement.

City’s Right to Terminate for Bankruptcy or Assignment for the Benefit of Creditors. If Contractor Subdivider files a voluntary petition in bankruptcy, is adjudicated bankrupt, or makes a general assignment for the benefit of creditors, the City may at its option and without further notice to or demand upon ContractorSubdivider, immediately cancel and/or terminate this Agreement, and terminate each and every right of ContractorSubdivider under this Agreement, and any person claiming any rights by or through Contractor under this Agreement.Subdivider. The rights and remedies of City

City’s Right to Terminate for Bankruptcy or Assignment for the Benefit of Creditors. If Contractor files a voluntary petition in bankruptcy, is adjudicated bankrupt, or makes a general assignment for the benefit of creditors, the City may at its option and without further notice to to, or demand upon Contractor, immediately cancel and/or terminate this AgreementContract, and terminate each and every right of Contractor, and any person claiming any rights by or and through Contractor under this AgreementContract.