Common use of Company Bankruptcy Clause in Contracts

Company Bankruptcy. Notwithstanding anything herein to the contrary, in the event that a petition for adjudication of either Sutter or the Company (or any successor or assignee of either entxxx), as a voluntary or involuntary debtor shall be filed under the laws relating to bankruptcy and said petition is not dismissed within thirty (30) days of filing, then the restrictions and covenants of Sections 12 and 14 shall immediately be null and void.