Insolvency of Customer. A material breach of these terms and conditions is deemed to occur if Customer becomes bankrupt or insolvent within the meaning of the Corporations Xxx 0000 (Cth), or enters any form or administration or receivership.
Insolvency of Customer. 23.1 If the Customer becomes insolvent, the Customer remains liable under this Agreement for payment of all liabilities incurred hereunder. The Customer remains liable under this Agreement even if the Supplier receives a dividend or payment as a result of the Customer being insolvent.
Insolvency of Customer. 11.1 If:
Insolvency of Customer. In the even that Buyer’s customer files or has filed against it a petition in bankruptcy or insolvency and in the course of such proceeding and in connection with an actual or threatened termination by customer of its purchase orders with Buyer, and if Buyer permits a reduction in the price paid to Buyer for goods sold to such customer to prevent a termination of a purchase order with customer, then Buyer has the right to proportionally adjust Seller’s price for Products or Services incorporated in the goods upon thirty (30) days written notice to Seller, Buyer may elect to have the provisions of this Section prevail over any conflicting term between Buyer and Seller.
Insolvency of Customer. In the event that:
Insolvency of Customer. 11.1 This clause 11 applies if:
Insolvency of Customer. If Customer ceases or threatens to cease conducting business as a going concern, becomes insolvent or unable to pay its debts as they mature in the ordinary course, makes a general assignment for the benefit of creditors, suffers or permits the appointment of a receiver for its business or assets, or avails itself of or becomes subject to any proceeding under the bankruptcy laws or any other statute of any state, territory, country or province relating to insolvency or the protection of rights and creditors (each, an “Insolvency Event”), then:
Insolvency of Customer. 14.1 If the Buyer fails to make payment for the goods and/or services in accordance with the Contract or commits any other breach of the Contract or if any distress or execution shall be levied upon any of the Buyer’s goods and/or services or if the Buyer offers to make any arrangements with its creditors or commits an act of bankruptcy or if any Petition in bankruptcy is presented against the Buyer or the Buyer is unable to pay its debts as they fall due or if being a Limited Company any resolutions or Petition to wind-up the Buyer (other than for the purpose of amalgamation or reconstruction without insolvency) shall be passed or presented or if an Administrative Receiver or Manager shall be appointed over the whole or any part of the Buyer’s business or if the Buyer ceases or threatens to cease to carry on business or the Seller reasonably apprehends that any of the events mentioned above is about to occur in relation to the Buyer and notifies the Buyer accordingly, or if the Buyer shall suffer any analogous proceedings under foreign law all sums outstanding in respect of the goods and/or services shall become payable immediately. The Seller may in its absolute discretion and without prejudice to any other rights which it may have:
Insolvency of Customer. 6.1 This clause applies if:
