Events of Early Termination. (a) This Agreement may be immediately terminated as to the entire Territory by either Party, upon giving written notice to the other Party, in the event that the other Party shall become insolvent or be declared insolvent or bankrupt by a court of competent jurisdiction or shall be the subject of any reorganization (other than a corporate reorganization effected in the ordinary course of business and not arising out of any insolvency) or winding up, receivership or dissolution, bankruptcy or liquidation proceeding, or any proceeding or action similar to one or more of the above, in which case termination shall be effective upon such written notice. The failure of either Party to give notice of termination upon obtaining knowledge of any such event shall not be interpreted as a waiver of such Party's rights under this Section 10.2, and such Party reserves the right to exercise any such rights at any time after the occurrence of any such event.
Appears in 5 contracts
Samples: Manufacturing and Supply Agreement (Angeion Corp/Mn), Manufacturing and Supply Agreement (Angeion Corp/Mn), Supply Agreement (Angeion Corp/Mn)
