Special Termination Events. (a) Either Party may terminate this Agreement immediately, without notice to the other party, upon the occurrence of any of the following events: (i) the other Party becomes the subject of a bankruptcy petition filed in a court in any jurisdiction, whether voluntary or involuntary (which petition, if involuntary, is not dismissed within ninety days of such filing), (ii) a receiver or a trustee is appointed for all or a substantial portion of the other Party's assets or (iii) the other Party makes an assignment for the benefit of its creditors. (b) Directed may terminate this Agreement upon thirty days written notice to Sirius pursuant to Section 4.02(a).
Appears in 3 contracts
Samples: Manufacturing and Distribution Agreement (Directed Electronics, Inc.), Manufacturing and Distribution Agreement (Directed Electronics, Inc.), Manufacturing and Distribution Agreement (Directed Electronics, Inc.)
Special Termination Events. (a) Either Party may terminate this Agreement immediately, without notice to the other partyParty, upon the occurrence of any of the following events: (ia) the other Party becomes the subject of a bankruptcy petition filed in a court in any jurisdiction, whether voluntary or involuntary (which petition, if involuntary, is not dismissed within ninety 90 days of such filing), (iib) a receiver or a trustee is appointed for all or a substantial portion of the other Party's ’s assets or (iiic) the other Party makes an assignment for the benefit of its creditors.
(b) Directed may terminate this Agreement upon thirty days written notice to Sirius pursuant to Section 4.02(a).
Appears in 1 contract
Samples: Development, Services and Supply Agreement (Remote Knowledge Inc)
