Common use of Terminate Agreement Clause in Contracts

Terminate Agreement. In the event any action or proceeding of the type referred to in Section 11.02 above (except for actions referred to in the Memorandum) shall be instituted or, to the knowledge of the Placement Agent, threatened against the Placement Agent at any time prior to the effective date hereunder, or in the event there shall be filed by or against the Placement Agent in any court pursuant to any federal, state, local or municipal statute, a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee of its assets or if the Placement Agent makes an assignment for the benefit of creditors, the Company shall have the right on three (3) days’ written notice to the Placement Agent to terminate this Agreement without any liability to the Placement Agent of any kind.

Terminate Agreement. In the event any action or proceeding of the type referred to in Section 11.02 above (except for actions referred to in the Memorandum) shall be instituted or, to the knowledge of the Placement AgentAgents, threatened against the Placement Agent Agents at any time prior to the effective date hereunder, or in the event there shall be filed by or against the Placement Agent Agents in any court pursuant to any federal, state, local or municipal statute, a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee of its assets or if the Placement Agent Agents makes an assignment for the benefit of creditors, the Company shall have the right on three (3) days’ ' written notice to the Placement Agent Agents to terminate this Agreement without any liability to the Placement Agent Agents of any kind.

Terminate Agreement. In the event any action or proceeding of the type referred to in Section 11.02 above (except for actions referred to in the Memorandum) shall be instituted or, to the knowledge of the Placement Agent, threatened against the Placement Agent at any time prior to the effective date hereundertermination of this Agreement, or in the event there shall be filed by or against the Placement Agent in any court pursuant to any federal, state, local or municipal statute, a petition in bankruptcy or insolvency or for reorganization or for the appointment of a receiver or trustee of its assets or if the Placement Agent makes an assignment for the benefit of creditors, the Company shall have the right on three (3) days’ ' written notice to the Placement Agent to terminate this Agreement without any liability to the Placement Agent of any kind.