Contractor becomes insolvent;. 4.05.1.3 All or a substantial part of Contractor’s assets are assigned for the benefit of its creditors; or
Contractor becomes insolvent;. In case of default, in addition to the remedies at law and equity available to Xxxxx College, Contractor agrees to pay to Xxxxx College the amount of all costs, expenses, damages, and reasonable attorneys' fees incurred by Xxxxx College in order to achieve the purpose of the approved Proposal, or for substituted performance, or for any proceeding, claim, or action associated with the approved Proposal. ASSIGNMENT: Neither this agreement, nor any payments to be earned pursuant to this Agreement, may be assigned by Contractor without the prior written consent of Xxxxx College.
Contractor becomes insolvent;. In case of default, in addition to the remedies at law and equity available to Mount Holyoke College, Contractor agrees to pay to Mount Holyoke College the amount of all costs, expenses, damages, and reasonable attorneys' fees incurred by Mount Holyoke College in order to achieve the purpose of the approved Work Confirmation Orders, or for substituted performance, or for any proceeding, claim, or action associated with the approved Work Confirmation Orders.
Contractor becomes insolvent;. In case of default, in addition to the remedies at law and equity available to Hampshire College, Contractor agrees to pay to Hampshire College the amount of all costs, expenses, damages, and reasonable attorneys' fees incurred by Hampshire College in order to achieve the purpose of the approved Work Confirmation Orders, or for substituted performance, or for any proceeding, claim, or action associated with the approved Work Confirmation Orders.
Contractor becomes insolvent; makes a general assignment for the benefit of creditors; or a receiver or trustee is appointed with respect to Contractor's assets.
