Immediate Termination for Cause. Either party may immediately terminate this Agreement by notifying the other party of the termination in writing if the other party becomes insolvent or bankrupt or admits its inability to pay its debts as they mature, or makes an assignment for the benefit of its creditors, or ceases to function as a going concern or to conduct its operations in the normal course of business.
Appears in 4 contracts
Samples: Semiconductor Purchase Agreement, Semiconductor Purchase Agreement (Freescale Semiconductor Inc), Semiconductor Purchase Agreement (Motorola Inc)
