Insolvency of Subcontractor. A. Upon the appointment of a receiver for Subcontractor, or upon Subcontractor making an assignment for the benefit of creditors, or if Subcontractor seeks protection under the Bankruptcy Code, or commits any other act of insolvency, Contractor may, absent any applicable legal limitation, terminate this Agreement upon giving seventy-two (72) hours written notice, by certified mail, to Subcontractor, its trustee, and its surety, if any, unless Subcontractor, the surety, or the trustee:
Appears in 7 contracts
Samples: General Contractors, General Contractors, General Contractors
