INSOLVENCY OF BUYER. 10.1 This clause applies if:
INSOLVENCY OF BUYER. If:(i) Buyer becomes insolvent, has a receiver, administrative receiver, administrator or manager appointed of the whole or any part of its assets or business, makes any composition or arrangement with its creditors, takes or suffers any similar action in consequence of debt or an order or resolution is made for its dissolution or liquidation (other than for the purpose of solvent amalgamation or reconstruction) or carries out or undergoes any analogous act or proceedings under an applicable foreign law; or (ii) Buyer ceases, or threatens to cease to carry on business then, without prejudice to any other right or remedy available to Supplier, Supplier may treat any Contract as repudiated and/or withhold any further supply of Products and/or Services without any liability to Buyer and, if any Products and/or Services have been supplied but not paid for, the price or fees shall become immediately due and payable notwithstanding any previous agreement or arrangement to the contrary.
INSOLVENCY OF BUYER. If Buyer takes any action to make Seller believe Buyer may become bankrupt or insolvent, ceases business, or to pay bills during the term of this Contract, Seller may forthwith terminate this Contract upon written notice thereof to Buyer. Such termination shall not prejudice Seller's rights to any amounts then due under this Contract or effect any other rights Seller may have under applicable provisions of controlling law.
INSOLVENCY OF BUYER. 18.1 In the event that, prior to the Consideration Date, the Buyer becomes insolvent or unable to pay its debts as they fall due, or has any administrator, receiver or administrative receiver appointed in respect of any of its assets, or suffers an analogous event in any jurisdiction, then the Sellers shall have the right to repurchase the Software for the sum of US$1.
INSOLVENCY OF BUYER. 12.1 If the Buyer makes any voluntary arrangement with its creditors or (being an individual or firm) becomes bankrupt, or (being a company) becomes subject to an administration order or goes into liquidation (otherwise than for the purposes of a solvent amalgamation or reconstruction), or an encumbrancer takes possession, or a receiver is appointed of any of the property or assets of the Buyer, or the Buyer ceases or threatens to cease to carry on business or Carlsberg reasonably apprehends that any of the events mentioned in this condition is about to occur (and notifies the Buyer accordingly) then, without affecting any of Carlsberg’s other rights or remedies, Carlsberg is entitled to cancel the Contract or suspend any further deliveries without incurring any liability.
INSOLVENCY OF BUYER. 9.1. This clause 9 applies if:
INSOLVENCY OF BUYER. 12.1 The Company may by written notice to the Purchaser, terminate this Contract with immediate effect if:
INSOLVENCY OF BUYER. 15. If the Buyer:
INSOLVENCY OF BUYER. The Supplier may – without prejudice to any other rights or remedies available to the Supplier – treat any Contract as repudiated and/or withhold any further supply of Products and/or Services without any liability to Buyer in any of the following circumstances: (a) if insolvency, impending insolvency or illiquidity – or a comparable situation under applicable foreign law – exists in the Buyer; (b) if a insolvency procurator or insolvency administrator – or a comparable person under applicable foreign law – is appointed over the assets of the Buyer; (c) if a resolution is made for its dissolution or liquidation of the Buyer (other than for the purpose of solvent amalgamation or reconstruction); or
INSOLVENCY OF BUYER. If the Buyer enters into liquidation (other than a voluntary liquidation for the purpose of amalgamation or reconstruction and with the prior written consent of the Seller) or is made bankrupt or becomes the subject to an Administration Order the Seller may immediately by notice in writing rescind this Agreement and forfeit the Deposit.
