Common use of Long Term Inability to Deliver Clause in Contracts

Long Term Inability to Deliver. In the event of a long-term inability to deliver, suspension of payment or commencement of insolvency proceedings, the rejection of the commencement of insolvency proceedings due to lack of assets or the initiation of comparable proceedings pertaining to the Supplier's assets, we are entitled to withdraw from the Agreement with respect to the still outstanding part. If the Supplier is affected by one of the above-mentioned events, he shall support us to the best of his ability in the relocation of the production of the delivery item to our premises or to that of a third party, including the licensing of industrial property rights required for the production at industry-standard conditions.

Long Term Inability to Deliver. In the event of a long-term inability to deliver, suspension of payment or commencement of insolvency proceedings, the rejection of the commencement of insolvency proceedings due to lack of assets or the initiation of comparable proceedings pertaining to the Supplier's assets, we are entitled to withdraw from the Agreement with respect to the still outstanding part. If the Supplier is affected by one of the above-above- mentioned events, he shall support us to the best of his ability in the relocation of the production of the delivery item to our premises or to that of a third party, including the licensing of industrial property rights required for the production at industry-standard conditions.