Dissolution by both Parties Concurrence and incapacity Sample Clauses

Dissolution by both Parties Concurrence and incapacity. In the event of death, application for or declaration of bankruptcy, appointment of a provisional administrator or judicial trustee, application for suspension of payments or judicial restructuring, application for a judicial reorganisation (a WCO ruling, Wet Continuïteit Ondernemingen), declaration of incapacity, any similar condition or proceeding, liquidation, precautionary or executive attachment, or any other form of concurrence of creditors affecting one of the Parties or any other indication of apparent or impending insolvency of one of the Parties, the other Party shall be entitled to terminate the Agreement. Such termination shall be immediately notified in writing to the other Party or its legal successors.
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Related to Dissolution by both Parties Concurrence and incapacity

  • Modification and Withdrawal of Tenders 2.19.1 The tenderer may modify or withdraw its tender after the tender’s submission, provided that written notice of the modification, including substitution or withdrawal of the tenders, is received by the Procuring Entity prior to the deadline prescribed for submission of tenders.

  • Termination Due To Lack Of Funding Appropriation If, in the judgment of the Director of Accounts and Reports, Department of Administration, sufficient funds are not appropriated to continue the function performed in this agreement and for the payment of the charges hereunder, State may terminate this agreement at the end of its current fiscal year. State agrees to give written notice of termination to contractor at least 30 days prior to the end of its current fiscal year, and shall give such notice for a greater period prior to the end of such fiscal year as may be provided in this contract, except that such notice shall not be required prior to 90 days before the end of such fiscal year. Contractor shall have the right, at the end of such fiscal year, to take possession of any equipment provided State under the contract. State will pay to the contractor all regular contractual payments incurred through the end of such fiscal year, plus contractual charges incidental to the return of any such equipment. Upon termination of the agreement by State, title to any such equipment shall revert to contractor at the end of the State's current fiscal year. The termination of the contract pursuant to this paragraph shall not cause any penalty to be charged to the agency or the contractor.

  • Withdrawal of Property from Market or Termination of Discussions Potential Investor acknowledges that the Property has been offered for sale subject to withdrawal of the Property from the market at any time or rejection of any offer because of the terms thereof, or for any other reason whatsoever, without notice, as well as the termination of discussions with any party at any time without notice for any reason whatsoever.

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