Common use of Discontinuance of Business Clause in Contracts

Discontinuance of Business. In the event that DELTA discontinues operating its business, this Agreement shall terminate as of the last day of the month on which DELTA ceases operation with the same force and effect as if such last day of the month were originally set as the termination date hereof; provided, however, that a reorganization of DELTA shall not be deemed a termination of its business.

Appears in 6 contracts

Samples: Corporate Director Agreement (Delta Entertainment Group, Inc.), Corporate Director Agreement (Delta Entertainment Group, Inc.), Agreement to Serve as Corporate Director (Delta Entertainment Group, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!