Default for Insolvency. COUNTY may terminate this Contract for default for insolvency in the event of the occurrence of any of the following: 19.4.1 CONTRACTOR ceases to pay its debts in the ordinary course of business or cannot pay its debts as they become due, whether it has filed for bankruptcy or not, and whether insolvent within the meaning of the Federal Bankruptcy Law or not; 19.4.2 The filing of a voluntary petition in bankruptcy; 19.4.3 The appointment of a Receiver or Trustee for CONTRACTOR; 19.4.4 The execution by CONTRACTOR of an assignment for the benefit of creditors.
Appears in 11 contracts
Samples: Master Contract for Foster Family Agency, Master Contract for Intensive Services Foster Care, Foster Care Placement Services Master Contract
Default for Insolvency. COUNTY may terminate this Contract for default for insolvency in the event of the occurrence of any of the following:
19.4.1 19.2.1 CONTRACTOR ceases to pay its debts in the ordinary course of business or cannot pay its debts as they become due, whether it has filed for bankruptcy or not, and whether insolvent within the meaning of the Federal Bankruptcy Law or not;
19.4.2 19.2.2 The filing of a voluntary petition in bankruptcy;
19.4.3 19.2.3 The appointment of a Receiver or Trustee for CONTRACTOR;
19.4.4 19.2.4 The execution by CONTRACTOR of an assignment for the benefit of creditors.
Appears in 3 contracts
Samples: Foster Care Placement Services Master Contract, Foster Care Placement Services Master Contract, Master Contract for Short Term Residential Therapeutic Program
Default for Insolvency. COUNTY may terminate this Contract for default for insolvency in the event of the occurrence of any of the following:
19.4.1 21.2.1 CONTRACTOR ceases to pay its debts in the ordinary course of business or cannot pay its debts as they become due, whether it has filed for bankruptcy or not, and whether insolvent within the meaning of the Federal Bankruptcy Law or not;
19.4.2 21.2.2 The filing of a voluntary petition in bankruptcy;
19.4.3 21.2.3 The appointment of a Receiver or Trustee for CONTRACTOR;
19.4.4 21.2.4 The execution by CONTRACTOR of an assignment for the benefit of creditors.
Appears in 2 contracts
Samples: Foster Care Placement Services Master Contract, Group Home Foster Care Services Master Contract
Default for Insolvency. COUNTY may terminate this Contract for default for insolvency in the event of the occurrence of any of the following:
19.4.1 21.4.1 CONTRACTOR ceases to pay its debts in the ordinary course of business or cannot pay its debts as they become due, whether it has filed for bankruptcy or not, and whether insolvent within the meaning of the Federal Bankruptcy Law or not;
19.4.2 21.4.2 The filing of a voluntary petition in bankruptcy;
19.4.3 21.4.3 The appointment of a Receiver or Trustee for CONTRACTOR;
19.4.4 21.4.4 The execution by CONTRACTOR of an assignment for the benefit of creditors.
Appears in 1 contract
