Insolvency of the Buyer. If:
(i) the 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) the Buyer ceases, or threatens to cease to carry on business then, without prejudice to any other right or remedy available to the Supplier, the Supplier may treat any Contract as repudiated and/or withhold any further supply of Products and/or Services without any liability to the 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 the Buyer. 11.1 This clause applies if:
(a) The Buyer makes any voluntary arrangement with its creditors or becomes subject to an administration order or (being an individual or firm) becomes bankrupt or (being a company) goes into liquidation (otherwise than for the purposes of amalgamation or reconstruction) or becomes subject to any other insolvency proceedings whatever; or
(b) An encumbrancer takes possession or a receiver is appointed of any of the property or assets of the Buyer; or
(c) The Buyer ceases or threatens to cease to carry on business; or
(d) The Company reasonably apprehends that any of the events mentioned above is about to occur in relation to the Buyer and notifies the Buyer accordingly.
11.2 If this clause applies then without prejudice to any other right or remedy available to the Company the Company shall be entitled to cancel the Contract or suspend any further deliveries under the Contract without any liability to the Buyer and if the Goods have been delivered but not paid for the price shall become immediately due and payable notwithstanding any previous agreement or arrangement to the contrary.
Insolvency of the Buyer. 11.1 This condition shall apply if:
11.1.1 the Buyer makes any voluntary arrangement with its creditors or becomes subject to an administration order or (being an individual or firm) becomes bankrupt or (being a company) goes into liquidation (otherwise than for the purpose of amalgamation or reconstruction); or
11.1.2 an encumbrance takes possession or a receiver is appointed of any of the property or assets of the Buyer; or
11.1.3 the Buyer ceases or threatens to cease to carry on business; or
11.1.4 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.
11.2 If this condition applies then without prejudice to any other right or remedy available to the Seller the Seller shall be entitled to cancel the Contract or suspend any further deliveries under the Contract without any liability to the Buyer and if the Products have been delivered but not paid for the price shall become immediately due and payable notwithstanding any previous agreement or arrangement to the contrary.
Insolvency of the Buyer. If the Buyer becomes insolvent has a receiver appointed of its business or is compulsorily or voluntarily wound up or if the Company bona fide believes that any of such events may occur the Company shall be entitled at its discretion without prejudice to any other remedy to suspend the performance of or terminate the Contract and in the event of termination to keep or take possession of any Goods and with its employees and/or agents to enter any premises of the Buyer (or any premises reasonably thought by the Company to be used by the Buyer) for the purpose of recovering Goods and the costs of recovering Goods shall be payable by the Buyer on demand.
Insolvency of the Buyer. Without prejudice to other claims or rights, the Seller may terminate the contract without notice if the Buyer does not meet its payment obligations when due, or breaches any other material contractual obligation, ceases its business activity, or if bankruptcy or settlement proceedings are opened at the request of a third party.
Insolvency of the Buyer. 11.1 This clause applies if:
11.1.1 the Buyer makes any voluntary arrangement with its creditors or becomes subject to an administration order or (being an individual or a firm) becomes bankrupt or (being a company) goes into liquidation (otherwise than for the purposes of amalgamation or reconstructio n); or
11.1.2 an encumbrancer takes possession, or a receiver is appointed, of any of the property or assets of the Buyer; or
11.1.3 the Buyer ceases or threatens to cease, to carry on business; or
11.1.4 Xxxxxxxxx reasonably believes that any of the events mentioned above is about to occur in relation to the Buyer and notifies the Buyer accordingly. If this clause applies then Xxxxxxxxx shall be entitled to cancel the Contract or suspend any further deliveries under the Co ntract without any liability to the Buyer, and if the Goods have been delivered but not paid for the price shall become immediately due and payable not withstanding any previous agreement or arrangement to the contrary.
Insolvency of the Buyer. If:
(i) the Buyer suspends its payments (in Norwegian "betalingsstans"), makes any composition or arrangement with its creditors (in Norwegian "tvangs- xxxxx frivillig akkord"), enters into bankruptcy proceedings (in Norwegian "konkurs") or undergoes any analogous act or proceedings under an applicable foreign law; then, without prejudice to any other right or remedy available to the Supplier, the Supplier may treat any Contract as repudiated and/or withhold any further supply of Products and/or Services without any liability to the 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 the Buyer. 10.1 This clause applies where: (a) the Buyer makes any voluntary arrangement with its creditors or (being a company) goes into liquidation or has an administrator or administrative receiver appointed over the whole or any part of its assets
10.2 Where an Insolvency Event occurs then, without prejudice to any other right or remedy available to Mint, Mint shall be entitled to suspend any further deliveries under the Contract.
10.3 Where an Insolvency Event occurs and whether or not the Goods have been delivered or Services performed, the price shall become immediately due and payable notwithstanding any previous agreement or arrangement to the contrary.
Insolvency of the Buyer. 11.1 This clause applies if:
(a) The Buyer makes any voluntary arrangement with its creditors or becomes subject to an administration order or (being an individual or firm) becomes bankrupt or (being a company) goes into liquidation (otherwise than for the purposes of amalgamation or reconstruction) or becomes subject to any other insolvency proceedings whatever; or
(b) An encumbrancer takes possession or a receiver is appointed of any of the property or assets of the Buyer; or
(c) The Buyer ceases or threatens to cease to carry on business; or
(d) The Company reasonably apprehends that any of the events mentioned above is about to occur in relation to the Buyer and notifies the Buyer accordingly.
11.2 If this clause applies then without prejudice to any other right or remedy available to the Company the Company shall be entitled to cancel the Contract or suspend any further deliveries under the Contract without any liability to the Buyer and if the Goods have been delivered but Raynesway Derby DE21 7BE United Kingdom Tel +00 0000 000000 Fax +00 0000 000000 Email: xx@xxxx.xxx VAT No: GB 4469 117 32 Incorporated in England No: 03799817 Registered Office: LKAB Minerals Ltd Raynesway Derby DE21 7BE, UK Page10 xxx.xxxx.xxx xxx.xxxxxxxxxxxx.xxx not paid for the price shall become immediately due and payable notwithstanding any previous agreement or arrangement to the contrary.
Insolvency of the Buyer. 13.1 If the Buyer fails to make payment for the Goods 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 or if the Buyer offers to make any arrangement with its creditors or if any bankruptcy petition 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 resolution 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 a receiver, administrator, administrative receiver or manager shall be appointed over the whole or any part of the Buyer's business or assets or if the Buyer shall suffer any analogous proceedings under foreign law all sums outstanding in respect of the Goods shall become payable immediately. The Seller may in its absolute discretion and without prejudice to any other rights which it may have:
13.1.1 suspend all future deliveries of Goods to the Buyer and/or terminate the Contract without liability upon its part; and/or
13.1.2 exercise any of its rights pursuant to clause 8.
