Common use of Default, Disruption and Termination Clause in Contracts

Default, Disruption and Termination. H1 Termination on Insolvency and Change of Control a) a proposal is made for a voluntary arrangement within Part I of the Insolvency Xxx 0000 or of any other composition scheme or arrangement with, or assignment for the benefit of, its creditors; b) a shareholders’ meeting is convened for the purpose of considering a resolution that it be wound up or a resolution for its winding-up is passed (other than as part of, and exclusively for the purpose of, a bona fide reconstruction or amalgamation); c) a petition is presented for its winding up (which is not dismissed within fourteen (14) days of its service) or an application is made for the appointment of a provisional liquidator or a creditors’ meeting is convened pursuant to section 98 of the Insolvency Xxx 0000; d) a receiver, administrative receiver or similar officer is appointed over the whole or any part of its business or assets; e) an application order is made either for the appointment of an administrator or for an administration order, an administrator is appointed, or notice of intention to appoint an administrator is given; f) it is or becomes insolvent within the meaning of section 123 of the Insolvency Xxx 0000; g) being a "small company" within the meaning of section 382(3) of the Companies Xxx 0000, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Xxx 0000; or

Default, Disruption and Termination. H1 Termination on Insolvency and Change of Control a) a proposal is made for a voluntary arrangement within Part I of the Insolvency Xxx 0000 or of any other composition scheme or arrangement with, or assignment for the benefit of, its creditors;; or b) a shareholders’ meeting is convened for the purpose of considering a resolution that it be wound up or a resolution for its winding-up is passed (other than as part of, and exclusively for the purpose of, a bona fide reconstruction or amalgamation);; or c) a petition is presented for its winding up (which is not dismissed within fourteen (14) days of its service) or an application is made for the appointment of a provisional liquidator or a creditors’ meeting is convened pursuant to section 98 of the Insolvency Xxx 0000;; or d) a receiver, administrative receiver or similar officer is appointed over the whole or any part of its business or assets;; or e) an application order is made either for the appointment of an administrator or for an administration order, an administrator is appointed, or notice of intention to appoint an administrator is given;; or f) it is or becomes insolvent within the meaning of section 123 of the Insolvency Xxx 0000; or g) being a "small company" within the meaning of section 382(3) of the Companies Xxx 0000, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Xxx 0000; or. h) any event similar to those listed in H1.1 (a)-(g) occurs under the law of any other jurisdiction.

Default, Disruption and Termination. H1 Termination on Insolvency insolvency and Change change of Controlcontrol (a) a proposal is made for a voluntary arrangement within Part I of the Insolvency Xxx 0000 Act 1986 or of any other composition scheme or arrangement with, or assignment for the benefit of, its creditors;; or (b) a shareholders’ meeting is convened for the purpose of considering a resolution that it be wound up or a resolution for its winding-up is passed (other than as part of, and exclusively for the purpose of, a bona fide reconstruction or amalgamation);; or (c) a petition is presented for its winding up (which is not dismissed within fourteen (14) 14 days of its service) or an application is made for the appointment of a provisional liquidator or a creditors’ meeting is convened pursuant to section 98 of the Insolvency Xxx 0000;Act 1986; or (d) a receiver, administrative receiver or similar officer is appointed over the whole or any part of its business or assets;; or (e) an application order is made either for the appointment of an administrator or for an administration order, an administrator is appointed, or notice of intention to appoint an administrator is given;; or (f) it is or becomes insolvent within the meaning of section 123 of the Insolvency Xxx 0000Act 1986; or (g) being a "“small company" ” within the meaning of section 382(3247(3) of the Companies Xxx 0000Act 1985, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Xxx 0000Act 1986; or (h) any event similar to those listed in H1.1(a)-(g) occurs under the law of any other jurisdiction.

Default, Disruption and Termination. H1 Termination on Insolvency insolvency and Change change of Controlcontrol (a) a proposal is made for a voluntary arrangement within Part I of the Insolvency Xxx 0000 Act 1986 or of any other composition scheme or arrangement with, or assignment for the benefit of, its creditors;; or (b) a shareholders’ meeting is convened for the purpose of considering a resolution that it be wound up or a resolution for its winding-up is passed (other than as part of, and exclusively for the purpose of, a bona fide reconstruction or amalgamation);; or (c) a petition is presented for its winding up (which is not dismissed within fourteen (14) 14 days of its service) or an application is made for the appointment of a provisional liquidator or a creditors’ meeting is convened pursuant to section 98 of the Insolvency Xxx 0000;Act 1986; or (d) a receiver, administrative receiver or similar officer is appointed over the whole or any part of its business or assets;; or (e) an application order is made either for the appointment of an administrator or for an administration order, an administrator is appointed, or notice of intention to appoint an administrator is given;; or (f) it is or becomes insolvent within the meaning of section 123 of the Insolvency Xxx 0000Act 1986; or (g) being a "“small company" ” within the meaning of section 382(3247(3) of the Companies Xxx 0000Act 1985, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Xxx 0000Act 1986; or (h) any event similar to those listed in H1.1 (a)-(g) occurs under the law of any other jurisdiction.

Default, Disruption and Termination. H1 Termination on Insolvency insolvency and Change change of Controlcontrol (a) a proposal is made for a voluntary arrangement within Part I of the Insolvency Xxx 0000 or of any other composition scheme or arrangement with, or assignment for the benefit of, its creditors;; or (b) a shareholders’ meeting is convened for the purpose of considering a resolution that it be wound up or a resolution for its winding-up is passed (other than as part of, and exclusively for the purpose of, a bona fide reconstruction or amalgamation);; or (c) a petition is presented for its winding up (which is not dismissed within fourteen (14) 14 days of its service) or an application is made for the appointment of a provisional liquidator or a creditors’ meeting is convened pursuant to section 98 of the Insolvency Xxx 0000;; or (d) a receiver, administrative receiver or similar officer is appointed over the whole or any part of its business or assets;; or (e) an application order is made either for the appointment of an administrator or for an administration order, an administrator is appointed, or notice of intention to appoint an administrator is given;; or (f) it is or becomes insolvent within the meaning of section 123 of the Insolvency Xxx 0000; or (g) being a "“small company" ” within the meaning of section 382(3247(3) of the Companies Xxx 0000, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Xxx 0000; or (h) any event similar to those listed in H1.1(a)-(g) occurs under the law of any other jurisdiction.