Common use of For Insolvency Clause in Contracts

For Insolvency. A Party may terminate this Agreement upon notice to the other Party if the other Party becomes insolvent, makes an assignment for the benefit of creditors, has a receiver or trustee appointed, or is the subject of a proceeding under bankruptcy or insolvency law that is not dismissed within thirty (30) days of the filing date thereof.

For Insolvency. A Party may terminate this Agreement Agreement, effective immediately, upon written notice to the other Party if the such other Party becomes insolventinsolvent or is adjudicated bankrupt, makes or a receiver, trustee or custodian is appointed for it, or there is an assignment of such other Party’s business for the benefit of creditors, has a receiver or trustee appointedsuch other Party liquidates or dissolves, or is the subject occurrence of a proceeding under bankruptcy any action or insolvency law that is not dismissed within thirty (30) days event equivalent to one or more of the filing date thereofevents described in this Section 13.2(d).