Common use of Licensing Company May Terminate Clause in Contracts

Licensing Company May Terminate. Licensing Company may terminate this License Agreement if: (a) subject to applicable laws, a creditor or other claimant takes possession of, or a receiver, administrator or similar officer is appointed over, any of the assets of Licensee or a Licensee Affiliate, or Licensee or a Licensee Affiliate makes any voluntary arrangement with its creditors or becomes subject to any court or administration order pursuant to any bankruptcy or insolvency law; or (b) any of Licensee’s or a Licensee Affiliate’s representations in or under this License Agreement proves to be false or are breached in any manner; or (c) a notice has been issued by Licensing Company specifying non-payment or late payment of royalties, and Licensee does not remedy such non-payment or late payment within forty-five (45) days of such notice being issued.

Licensing Company May Terminate. Licensing Company may terminate this License Agreement if: (a) subject to applicable laws, a creditor or other claimant takes possession of, or a receiver, administrator or similar officer is appointed over, any of the assets of Licensee or a Licensee Affiliate, or Licensee or a Licensee Affiliate makes any voluntary arrangement with its creditors or becomes subject to any court or administration order pursuant to any bankruptcy or insolvency law; or (b) any of Licensee’s or a Licensee Affiliate’s representations in or under this License Agreement proves to be false or are breached in any manner; or (c) a notice has been issued by Licensing Company specifying non-payment or late payment of royalties, and Licensee does not remedy such non-payment or late payment within forty-five thirty (4530) days of such notice being issued.

Licensing Company May Terminate. Licensing Company may terminate this License Agreement if: (a) subject to applicable laws, a creditor or other claimant takes possession of, or a receiver, administrator or similar officer is appointed over, any of the assets of Licensee or a Licensee Affiliate, or Licensee or a Licensee Affiliate makes any voluntary arrangement with its creditors or becomes subject to any court or administration order pursuant to any bankruptcy or insolvency law; or (b) any of Licensee’s or a Licensee Affiliate’s representations in or under this License Agreement proves to be false or are breached in any manner; or (c) a notice has been issued by Licensing Company specifying non-payment or late payment of royalties, and Licensee does not remedy such non-payment or late payment within forty-five thirty (4530) days of such notice being issued.. Reference Copy

Licensing Company May Terminate. Licensing Company may terminate this License Agreement if: (a) subject to applicable laws, a creditor or other claimant takes possession of, or a receiver, administrator or similar officer is appointed over, any of the assets of Licensee or a Licensee Affiliate, or Licensee or a Licensee Affiliate makes any voluntary arrangement with its creditors or becomes subject to any court or administration order pursuant to any bankruptcy or insolvency law; or (b) any of Licensee’s or a Licensee Affiliate’s representations in or under this License Agreement proves to be false or are breached in any manner; or (c) a notice has been issued by Licensing Company specifying non-payment or late payment of royalties, and Licensee does not remedy such non-payment or late payment within forty-five (45) days of such notice being issued.. Reference Copy