Customer Insolvency. If You become subject to any of the events listed below or Oxford Nanopore reasonably believes that You are about to become subject to any of them and notifies You accordingly, then without limiting any other right or remedy available to Oxford Nanopore, Oxford Nanopore may cancel or suspend any deliveries under this Contract without incurring any liability for so doing, and any outstanding amounts in respect of the Goods and the Software delivered to You will become immediately due. For the purposes of this Section 11, the relevant events are: Your insolvency; Your proposal of an individual, company or partnership voluntary arrangement; having a receiver, administrator or manager appointed over the whole or any part of Your business or assets; a petition presented, order made or resolution passed for Your winding up, bankruptcy or dissolution; if You should otherwise propose or enter into any composition or arrangement with Your creditors or any class of them; if You cease or threaten to cease to carry on business or if You claim the benefit of a statutory moratorium; or You suffer any event which is analogous to any of these events in any part of the world.
Customer Insolvency. 14.1 If Buyer becomes subject to any of the events listed in clause 14.2, or the Seller reasonably believes that Buyer is about to become subject to any of them and notifies Buyer accordingly, then, without limiting any other right or remedy available to Seller, Seller may cancel or suspend all further deliveries under this Agreement or under any other contract between Buyer and Seller without incurring any liability to Buyer, and all outstanding sums in respect of Goods delivered to Buyer shall become immediately due.
Customer Insolvency. 20.1 In the event that the Customer enters into an arrangement with its creditors or becomes subject to an order appointing a receiver over all or any part of their business or they enter into administrative receivership or that they indicate formally or informally that they may cease trading or that you oversupply money following an Agreed date for payment the Supplier shall have the right, but not the obligation, to treat this Agreement as having come to an end without any further liability on the Supplier’s behalf.
Customer Insolvency. 8.1 In the event that any distress or execution shall be levied upon the Customer or his property or assets, or if the Customer shall compound with his creditors or commit any act of bankruptcy presented or made against him, or if the Customer shall be a limited company or limited liability partnership any resolution or petition to wind up such company’s business shall be made, passed or presented otherwise than for reconstruction or amalgamation or if a receiver of such company’s undertaking property or assets or any part thereof shall be appointment, the Supplier shall have the right forthwith:
Customer Insolvency. 19.1 If the Customer:
Customer Insolvency. The Company may discontinue the furnishing of any and/or all Service(s) to a Customer, without incurring any liability, immediately and without notice if Customer becomes insolvent, assigns for the benefit of creditors, files for bankruptcy or reorganization, fails to discharge an involuntary petition within the time permitted by law, or abandons Service.
Customer Insolvency. Prior to the Collateral Release, any bankruptcy or insolvency proceeding shall have been filed by or against any customer of the Borrower, Guarantor or any Subsidiary that is lessee of either (i) 3% or more of the Net Book Value of Marine Containers relied upon in order to cause the Borrowing Base to equal or exceed Total Outstandings or (ii) (other than in the case of Hanjin Shipping Co., Ltd. and its Affiliates) 3% or more of the Consolidated Total Assets of the Guarantor, and the Borrower and Guarantor shall not have agreed to additional amendments satisfactory to the Administrative Agent and Required Lenders within thirty (30) days following the commencement of such proceeding.
Customer Insolvency. If Customer becomes insolvent or if Customer is in default for credit reasons under these Term and Conditions, NewBasis shall be entitled, at NewBasis' option, to discontinue further performance of all or part of the order, to withhold shipments, in whole or in part, cease performance of Services and/or to recall Products in transit, retake same, and repossess all Products which may be stored with NewBasis for Customer’s account, without the necessity of taking any other proceedings. Customer consents that all Products so withheld, recalled, retaken or repossessed shall become NewBasis' absolute property, provided that Customer is given full credit therefore. The foregoing shall not be construed as limiting, in any manner, any rights or remedies available to NewBasis under contract, at law or equity.
