Common use of Immediate Right of Termination Clause in Contracts

Immediate Right of Termination. A Party will have the right to terminate this Agreement immediately by giving written notice to the second Party in the event that: (a) the second Party files a petition in bankruptcy or is adjudicated to be bankrupt or insolvent, or makes an assignment for the benefit of creditors or an arrangement pursuant to any bankruptcy law; or (b) if the second Party discontinues or dissolves its business or if a receiver is appointed for the second Party or for the second Party’s business and such receiver is not discharged within ninety (90) days.

Immediate Right of Termination. A Party will Either party shall have the right to ------------------------------ immediately terminate this Agreement immediately by giving written notice to the second Party other in the event that: (a) that the second Party other files a petition in bankruptcy or is adjudicated to be as bankrupt or insolvent, or makes an assignment for the benefit of creditors or an arrangement pursuant to any bankruptcy law; , or (b) if the second Party either party discontinues or dissolves its business or if a receiver is appointed for the second Party either party or for the second Party’s either party's business and such receiver is not discharged within ninety (90) 120 days.

Immediate Right of Termination. A Party will have the right to terminate this Agreement immediately by giving written notice to the second Party in the event that: (a) the second Party files a petition in bankruptcy or is adjudicated to be bankrupt or insolvent, or makes an assignment for the benefit of creditors or an arrangement Exhibit 10.5 pursuant to any bankruptcy law; or (b) if the second Party discontinues or dissolves its business or if a receiver is appointed for the second Party or for the second Party’s business and such receiver is not discharged within ninety (90) days.

Immediate Right of Termination. A Either Party will shall have the right to immediately terminate this Agreement immediately by giving written notice to the second other Party in the event that: (a) that the second other Party files a petition in bankruptcy or is adjudicated to be a bankrupt or insolvent, or makes an assignment for the benefit of creditors or an arrangement pursuant to any bankruptcy law; , or (b) if the second other Party discontinues or dissolves its business or if a receiver is appointed for the second other Party or for the second other Party’s business and such receiver is not discharged within ninety (90) 120 days.

Immediate Right of Termination. A Party will have the right to terminate this Agreement immediately by giving written notice to the second Party in the event that: (a) the second Party files a petition in bankruptcy or is adjudicated to be bankrupt or insolvent, or makes an assignment for the benefit of creditors or an arrangement pursuant to any bankruptcy law; or (b) if the second Party discontinues or dissolves its business or if a receiver is appointed for the second Party or for the second Party’s business and such receiver is not discharged within ninety (90) 90 days.

Immediate Right of Termination. A Either Party will shall have the right to immediately terminate this Agreement immediately by giving written notice to the second Party other in the event thatthat either Party does any of the following: (a) the second Party files a petition in bankruptcy or is adjudicated to be as bankrupt or insolvent, or makes an assignment for the benefit of creditors creditors, or an arrangement pursuant to any bankruptcy law; , or (b) if the second a Party discontinues or dissolves its business or if a receiver is appointed for the second a Party or for the second Party’s business and such receiver is not discharged within ninety thirty (9030) days.

Immediate Right of Termination. A Party will Either party shall have the right to immediately terminate this Agreement immediately by giving written notice to the second Party other in the event thatthat either party does any of the following: (a) the second Party files a petition in bankruptcy or is adjudicated to be a bankrupt or insolvent, or makes an assignment for the benefit of creditors creditors, or an arrangement pursuant to any bankruptcy law; , or (b) if the second Party a party discontinues or dissolves its business or if a receiver is appointed for the second Party a party or for the second Party’s party's business and such receiver is not discharged within ninety thirty (9030) days.