Common use of INSOLVENCY OF SELLER Clause in Contracts

INSOLVENCY OF SELLER. In any of the following, or any similar events, Xxxxx may immediately terminate this Contract without any liability to Seller or obligation to purchase raw materials, work-in-progress or finished goods: (a) insolvency or financial difficulties of Seller; (b) filing of a voluntary petition in bankruptcy by Seller; (c) filing of any involuntary petition in bankruptcy against Seller; (d) appointment of a receiver or trustee for Seller; (e) execution of an assignment for the benefit of creditors by Seller; or (f) any accommodation by Buyer, financial or otherwise, not contemplated by this Contract, that are necessary for Seller to meet its obligations under this Contract. Seller will reimburse Buyer for all costs Buyer incurs in connection with any of the foregoing whether or not this Contract is terminated, including, but not limited to, all attorney or other professional fees.

INSOLVENCY OF SELLER. In any of the following, following or any similar events, Xxxxx events Buyer may immediately terminate this Contract without any liability to Seller or obligation to purchase raw materials, work-in-progress process or finished goodsgoods under Section 11: (a) insolvency or financial difficulties of Seller; , (b) filing of a voluntary petition in bankruptcy by Seller; , (c) filing of any involuntary petition in bankruptcy against Seller; , (d) appointment of a receiver or trustee for Seller; , (e) execution of an assignment for the benefit of creditors by Seller; , or (f) any accommodation by BuyerXxxxx, financial or otherwise, not contemplated by this Contract, that are necessary for Seller to meet its obligations under this Contract. Seller will reimburse Buyer for all costs Buyer incurs in connection with any of the foregoing whether or not this Contract is terminated, including, but not limited to, all attorney or other professional fees.

INSOLVENCY OF SELLER. In any of the following, following or any similar events, Xxxxx events Buyer may immediately terminate this Contract without any liability to Seller or obligation to purchase raw materials, work-in-progress process or finished goods: (a) insolvency or financial difficulties of Seller; , (b) filing of a voluntary petition in bankruptcy by Seller; , (c) filing of any involuntary petition in bankruptcy against Seller; , (d) appointment of a receiver or trustee for Seller; , (e) execution of an assignment for the benefit of creditors by Seller; , or (f) any accommodation by Buyer, financial or otherwise, not contemplated by this Contract, that are necessary for Seller to meet its obligations under this Contract. Seller will reimburse Buyer for all costs Buyer incurs in connection with any of the foregoing whether or not this Contract is terminated, including, but not limited to, all attorney or other professional fees.

INSOLVENCY OF SELLER. In any of the following, following or any similar events, Xxxxx events Buyer may immediately terminate this Contract without any liability to Seller or obligation to purchase raw materials, work-in-progress process or finished goodsgoods under Section 8: (a) insolvency or financial difficulties of Seller; , (b) filing of a voluntary petition in bankruptcy by Seller; , (c) filing of any involuntary petition in bankruptcy against Seller; , (d) appointment of a receiver or trustee for Seller; , (e) execution of an assignment for the benefit of creditors by Seller; , or (f) any accommodation by BuyerXxxxx, financial or otherwise, not contemplated by this Contract, that are necessary for Seller to meet its obligations under this Contract. Seller will reimburse Buyer for all costs Buyer incurs in connection with any of the foregoing whether or not this Contract is terminated, including, but not limited to, all attorney or other professional fees.

INSOLVENCY OF SELLER. In any of the following, or any similar events, Xxxxx Buyer may immediately terminate this Contract without any liability to Seller or obligation to purchase raw materials, work-in-progress process or finished goods: (a) insolvency or financial difficulties of Seller; (b) filing of a voluntary petition in bankruptcy by Seller; (c) filing of any involuntary petition in bankruptcy against Seller; (d) appointment of a receiver or trustee for Seller; (e) execution of an assignment for the benefit of creditors by Seller; or (f) any accommodation by Buyer, financial or otherwise, not contemplated by this Contract, that are necessary for Seller to meet its obligations under this Contract. Seller will reimburse Buyer for all costs Buyer incurs in connection with any of the foregoing whether or not this Contract is terminated, including, but not limited to, all attorney or other professional fees.