Death, Bankruptcy, etc. If the Contractor dies or dissolve or go into bankruptcy, or being a corporation cause to be wound up except for reconstruction purposes or carry on its business under a receiver, the executors, successors or other representatives in law of the estate of the Contractor or any such receiver, liquidator, or any person in whom the contract may become vested, shall forthwith give notice thereof in writing to the Purchaser and shall remain liable for the successful performance of the contract, and nothing aforesaid shall be deemed to relieve the Contractor or his successors of his or their obligations under the contract under any circumstances. The Purchaser may terminate the Contract by notice in writing to the Contractor.
Death, Bankruptcy, etc. In no event shall the death, incompetency, bankruptcy, insolvency or other incapacity of a Limited Partner operate to dissolve the Partnership.
Death, Bankruptcy, etc. 26.1 If the Contractor shall die or commit any act of bankruptcy, or being bankrupt commences winding up, the executors, successors or other representative in liquidation or any person in whom the Contract may become vested, shall forthwith give notice thereof in writing to the Government and shall for one month, during which he shall take all reasonable steps to prevent a stoppage of work, have the option of carrying out this Contract subject to his or their providing such guarantee as may be required by the Government, to the value of work remaining unexecuted. In the event of stoppage of work, the period of option under this clause shall be fourteen days only. Should the above option be not exercised, the Contract may be terminated by Government by notice in writing to the Contractor. The power and provisions reserved to Government in this Contract of taking of the work out of Contractor’s hand shall immediately become operative.
Death, Bankruptcy, etc. In no event shall the death, incompetency, bankruptcy, insolvency or other incapacity of a Member operate to dissolve the Company.
Death, Bankruptcy, etc of Limited Partner. In the event of the death, incompetence, insolvency, bankruptcy, termination, liquidation or dissolution of any Limited Partner:
Death, Bankruptcy, etc. 13 ARTICLE VI
Death, Bankruptcy, etc of Member. Upon the occurrence of any of the events referred to in Sections 18-304 or 18-705 of the Act, the successor-in-interest of the Member shall automatically become a substitute Member in the place of the Member.
Death, Bankruptcy, etc. If a Guarantor dies or becomes legally incompetent, or Borrower becomes insolvent or bankrupt or makes an assignment for the benefit of creditors, or a petition in bankruptcy is filed by, on behalf of or against either Borrower or Guarantor(s), either voluntarily or involuntarily, and the same is not dismissed within ninety (90) days thereafter.
Death, Bankruptcy, etc of a Unitholder. In the event of the death, incompetence, insolvency, bankruptcy, dissolution, liquidation, or termination of a Unitholder: (i) the Trust shall not be dissolved or terminated and the Trust and its affairs shall continue until the dissolution, liquidation, and termination thereof in accordance with Article X; (ii) such affected Unitholder shall thereupon cease to be a Unitholder and, except as provided in Section 3.4, no officer, partner, beneficiary, creditor, trustee, receiver, fiduciary, or other legal representative and no estate or other successor in interest of such affected Unitholder (whether by operation of law or otherwise) shall become or be deemed to become a Unitholder; (iii) the Units of such affected Unitholder shall not be subject to redemption in whole or in part prior to the dissolution, liquidation, and termination of the Trust; (iv) the estate or other successor in interest of such affected Unitholder shall be deemed a transferee of, and shall be subject to all of the obligations in respect of, the Units of such affected Unitholder as of the date of the applicable event; and (v) the legal representative or successor in interest having lawful ownership of the Units shall have the right to receive notices, reports, and distributions, if any, to the same extent as would have been available to such affected Unitholder.
