Common use of Legal Entities Clause in Contracts

Legal Entities. In the event that Client is placed into liquidation, bankruptcy, dissolution, winding-up or administration or any other similar procedures, the Client is obliged to notify us immediately about this change in the legal status. We shall be entitled, at our discretion, to close the account and discontinue the Service. The breach of this obligation shall be considered as material breach of this Agreement.

Legal Entities. In the event that Client is placed into liquidation, bankruptcy, dissolution, winding-up or administration or any other similar procedures, the Client is obliged to notify us immediately about this change in the legal status. We shall be entitled, at our discretion, to close the account and discontinue the Service. The breach of this obligation shall be considered as material breach of this Agreement.

Legal Entities. In the event that Client is placed into liquidation, bankruptcy, dissolution, winding-up or administration or any other similar procedures, the Client is obliged to notify us immediately about this change in the legal status. We shall be entitled, status at our discretion, to close which moment the account will be closed and discontinue the ServiceService discontinued with immediate effect. The breach of this obligation shall be considered as material breach of this Agreement.

Legal Entities. In the event that Client is placed into liquidation, bankruptcy, dissolution, winding-up or administration or any other similar procedures, the Client is obliged to notify us immediately about this change in the legal status. We shall be entitled, at our discretion, to close status and the account will be closed and discontinue the ServiceService discontinued with immediate effect. The breach of this obligation shall be considered as material breach of this Agreement.