Common use of Insolvency Event Clause in Contracts

Insolvency Event. Despite clause 18.1, if either party is subject to an Insolvency Event, the other party may: (a) immediately issue a notice of termination in accordance with clause 19.2; (b) exercise any other legal rights available to it; and (c) if the Insolvency Event involves a Serious Financial Breach by the Trader, the Distributor may notify the Electricity Authority and/or the clearing manager that clause 14.41(h) of the Code applies.

Insolvency Event. Despite clause 18.120.1, if either party is subject to an Insolvency Event, the other party may: (a) immediately issue a notice of termination in accordance with clause 19.221.2; (b) exercise any other legal rights available to it; and (c) if the Insolvency Event involves a Serious Financial Breach by the TraderRetailer, the Distributor may notify the Electricity Authority and/or in writing that the Retailer is in breach of this agreement and, if relevant, notify the clearing manager that clause 14.41(h) in accordance with Part 14 of the Code appliesCode.

Insolvency Event. Despite clause 18.1, if either party is subject to an Insolvency Event, the other party may: (a) immediately issue a notice of termination in accordance with clause 19.2; (b) exercise any other legal rights available to it; and (c) if the Insolvency Event involves a Serious Financial Breach by the Trader, the Distributor may notify the Electricity Authority and/or the clearing manager that clause 14.41(h) of the Code applies.

Insolvency Event. Despite clause 18.1, if either party is subject to an Insolvency Event, the other party may: (a) : immediately issue a notice of termination in accordance with clause 19.2; (b) ; exercise any other legal rights available to it; and (c) and if the Insolvency Event involves a Serious Financial Breach by the Trader, the Distributor may notify the Electricity Authority and/or the clearing manager that clause 14.41(h) of the Code applies.

Insolvency Event. Despite clause 18.112.1, if either party is subject to an Insolvency Event, the other party may: (a) immediately issue a notice of termination in accordance with clause 19.2;13.2; and (b) exercise any other legal rights available to it; and (c) if the Insolvency Event involves a Serious Financial Breach by the TraderRetailer, the Distributor may notify the Electricity Authority and/or the clearing manager that clause 14.41(h) of the Code applies.

Insolvency Event. Despite clause 18.112.1, if either party is subject to an Insolvency Event, : (a) the other party may: (ai) immediately issue a notice of termination in accordance with clause 19.2;13.2; and (bii) exercise any other legal rights available to it; and (cb) if the Insolvency Event involves a Serious Financial Breach by the TraderRetailer, the Distributor may notify the Electricity Authority and/or the clearing manager that clause 14.41(h) of the Code applies.

Insolvency Event. Despite clause 18.120.1, if either party is subject to an Insolvency Event, the other party may:may:‌ (a) immediately issue a notice of termination in accordance with clause 19.221.2; (b) exercise any other legal rights available to it; and (c) if the Insolvency Event involves a Serious Financial Breach by the TraderRetailer, the Distributor may notify the Electricity Authority and/or in writing that the Retailer is in breach of this agreement and, if relevant, notify the clearing manager that clause 14.41(h) in accordance with Part 14 of the Code appliesCode.

Insolvency Event. Despite clause 18.120.1, if either party is subject to an Insolvency Event, the other party may: (a) immediately issue a notice of termination in accordance with clause 19.221.2; (b) exercise any other legal rights available to it; and (c) if the Insolvency Event involves a Serious Financial Breach by the Trader, the Distributor may notify the Electricity Authority and/or in writing that the Trader is in breach of this agreement and, if relevant, notify the clearing manager that clause 14.41(h) in accordance with Part 14 of the Code appliesCode.

Insolvency Event. Despite clause 18.120.1, if either party is subject to an Insolvency Event, the other party may:Insolvency (a) immediately issue a notice of termination in accordance with clause 19.221.2; (b) exercise any other legal rights available to it; and (c) if the Insolvency Event involves a Serious Financial Breach by the TraderRetailer, the Distributor may notify the Electricity Authority and/or in writing that the Retailer is in breach of this agreement and, if relevant, notify the clearing manager that clause 14.41(h) in accordance with Part 14 of the Code appliesCode.

Insolvency Event. Despite clause 18.112.1, if either party is subject to an Insolvency Event, the other party may: (a) immediately issue a notice of termination in accordance with clause 19.2;13.2; and (b) exercise any other legal rights available to it; and (c) if the Insolvency Event involves a Serious Financial Breach by the TraderRetailer, the Distributor may notify the Electricity Authority and/or in writing that the Retailer is in breach of this agreement and, if relevant, notify the clearing manager that clause 14.41(h) in accordance with Part 14 of the Code appliesCode.

Insolvency Event. Despite clause 18.1Clause 21.1, if either party Party is subject to an Insolvency Event, the other party Party may: (a) immediately issue a notice Notice of termination in accordance with clause 19.2Clause 22.2; (b) exercise any other legal rights available to it; and (c) if the Insolvency Event involves a Serious Financial Breach by the TraderRetailer, the Distributor may notify the Electricity Authority and/or Gas Industry Company in writing that the clearing manager that clause 14.41(h) Retailer is in breach of the Code appliesthis Agreement.