Common use of Other Conditions of Termination Clause in Contracts

Other Conditions of Termination. The Agreement will terminate: (a) Immediately without the necessity of any action being taken by Licensor or Licensee, (i) if Licensee becomes bankrupt or insolvent, or (ii) Licensee’s Board of Directors elects to liquidate its assets or dissolve its business, or (iii) Licensee ceases its business operations, or (iv) Licensee makes an assignment for the benefit of creditors provided that a solvent reorganization or public listing of the Licensee on a recognized public market shall not be subject to the foregoing right. (b) At any time by mutual written agreement between Licensee and Licensor.

Other Conditions of Termination. The Agreement will terminate: (a) Immediately without (but only to the necessity of any action being taken extent permitted by Licensor or Licenseeapplicable law), (i) if Licensee becomes bankrupt or insolvent, or (ii) Licensee’s Board of Directors elects to liquidate its assets or dissolve its business, or (iii) Licensee ceases its business operations, or (iv) Licensee makes an assignment for the benefit of creditors provided that or (v) if the business or assets of Licensee are otherwise placed in the hands of a solvent reorganization receiver or public listing trustee, whether by voluntary act of the Licensee on a recognized public market shall not be subject to the foregoing right.or otherwise; or (b) At any time by mutual written agreement between Licensee and Licensor.

Other Conditions of Termination. The Agreement will terminate: (a) Immediately without the necessity of any action being taken by Licensor or Licensee, (i) if Licensee becomes bankrupt or insolvent, or (ii) Licensee’s Board of Directors elects to liquidate its assets or dissolve its business, or (iii) Licensee ceases its business operations, or (iv) Licensee makes an assignment for the benefit of creditors provided that or (v) if the business or assets of Licensee are otherwise placed in the hands of a solvent reorganization receiver or public listing trustee, whether by voluntary act of the Licensee on a recognized public market shall not be subject to the foregoing right.or otherwise; or (b) At any time by mutual written agreement between Licensee and Licensor.

Other Conditions of Termination. The Agreement will terminateterminate earlier: (a) Immediately without the necessity of any action being taken by Licensor or Licensee, (i) if Licensee becomes bankrupt or insolvent, or (ii) Licensee’s Board of Directors elects to liquidate its assets or dissolve its business, or (iii) Licensee ceases its business operations, or (iv) Licensee makes an assignment for the benefit of creditors provided that or if the business or assets of Licensee are otherwise placed in the hands of a solvent reorganization receiver, assignee or public listing trustee, whether by voluntary act of the Licensee on a recognized public market shall not be subject to the foregoing right.or otherwise; or (b) At at any time by mutual written agreement between Licensee and Licensor.

Other Conditions of Termination. The Agreement will terminate: (a) Immediately without the necessity of any action being taken by Licensor or Licensee, (i) if Licensee becomes bankrupt or insolventbankrupt, or (ii) Licensee’s Board of Directors elects to liquidate its assets or dissolve its business, or (iii) Licensee ceases its business operations, or (iv) Licensee makes an assignment for the benefit of creditors provided that or (v) if the business or assets of Licensee are otherwise placed in the hands of a solvent reorganization receiver, assignee or public listing trustee, whether by voluntary act of the Licensee on a recognized public market shall not be subject to the foregoing right.or otherwise; or (b) At any time by mutual written agreement between Licensee and Licensor.