Termination by Bankruptcy. In the event either party shall file a voluntary petition or any answer admitting the jurisdiction of the Court and the material allegations of, or shall consent to, an involuntary petition pursuant to or purporting to be pursuant to any reorganization or insolvency law of any jurisdiction, or shall make an assignment of substantially all of its assets for the benefit of creditors, or shall apply for or consent to the appointment of a receiver or trustee of a substantial part of its property (such party, upon the occurrence of any such event, a "Bankrupt Party"), then to the extent permitted by law the other party hereto may thereafter immediately terminate this Agreement by giving notice of termination to the Bankrupt Party, unless the proceeding is dismissed within ninety (90) days of its filing.
Termination by Bankruptcy. Either Party may terminate this Agreement if the other Party enters into bankruptcy or a similar situation in which the latter shall make any assignment of its assets or business or control of such assets or business for the benefit of a Third Party.
Termination by Bankruptcy. If either party shall become bankrupt or insolvent, or if either party’s business shall be placed in the hands of a receiver or trustee, whether by voluntary act of such party or otherwise, the Agreement shall, at the option of the other party, immediately terminate.
Termination by Bankruptcy. The Joint Venture shall terminate upon the filing of a petition in bankruptcy by or against a Party if such petition is now withdrawn or dismissed within sixty (60 days after its filing.
Termination by Bankruptcy. This Agreement may be immediately terminated by either party if the other party files a voluntary petition in bankruptcy or under any similar insolvency law, makes an assignment for the benefit of its creditors, or if any involuntary petition in bankruptcy or under any similar insolvency law is filed against such other party, or if a receiver is appointed for, or a levy or attachment is made against all or substantially all of its assets, and such involuntary petition is not dismissed or such receiver or levy or attachment is not discharged within sixty (60) days after the filing, appointment or making thereof. To the extent that applicable bankruptcy law does not permit the exercise of ManagedStorage's rights under the immediately preceding sentence:
i. Distributor hereby consents to the termination of Distributor's right to grant further sublicenses of Licensed Program, and
ii. Distributor agrees that adequate assurance of performance by Distributor of the balance of This Agreement as a "Debtor-in-possession" or any similar entity under successor bankruptcy laws will include assurances both of such entity's ability to adequately promote ManagedStorage's Service and such entity's willingness and ability to protect ManagedStorage's proprietary rights. As a personal contract, exercise of Distributor's rights by a trustee or assignment of Distributor's rights hereunder would not be appropriate and that understanding is an essential part of ManagedStorage's willingness to enter into This Agreement.
Termination by Bankruptcy. Should Lessee be adjudicated bankrupt, or make any assignment for the benefit of creditors, or should the leasehold estate pass to any person, firm, association or corporation, by operation of law or otherwise, without the written consent of City, City reserves the right to immediately terminate this Lease Agreement upon written notice and to reenter and take possession of the Premises.
Termination by Bankruptcy. This Agreement shall expire and automatically terminate if either party shall file or have filed against it a petition in bankruptcy or any petition seeking reorganization, arrangement, composition, readjustment, liquidation, dissolution or relief under the present or any future federal bankruptcy act or any other present or future applicable federal, state, or other statute or law, or seeking or consenting to acquiescing in the appointment of any trustee, receiver, or liquidation of all or any substantial part of its properties and such filing remains unresolved or is not dismissed within ninety (90) days. SERVICES AND MATERIALS TO BE PROVIDED BY SCOA
Termination by Bankruptcy. This Agreement may be immediately terminated by the Seller if Exabyte, or by Exabyte if Seller, files a voluntary petition in bankruptcy or under any similar insolvency law, makes an assignment for the benefit of its creditors, or if any involuntary petition in bankruptcy or under any similar insolvency law is filed against it, or if a receiver is appointed for, or a levy or attachment is made against all or substantially all of its assets, and such petition is not dismissed or such receiver or levy or attachment is not discharged within sixty (60) days after the filing or appointment thereof.
Termination by Bankruptcy. In the event that Purchaser becomes insolvent or suffers the filing of a petition of bankruptcy, executes an assignment for the benefit of creditors, or becomes the subject of any insolvency proceeding of any nature, then, in such event, and in addition to any other rights and remedies Producer may have, Producer shall have the right to immediately terminate this Agreement by written notice. In the event that Producer becomes insolvent or suffers the filing of a petition of bankruptcy, executes an assignment for the benefit of creditors, or becomes the subject of any insolvency proceeding of any nature, then, in such event, and in addition to any other rights and remedies it may have, Purchaser shall have the right to immediately terminate this Agreement by written notice.
Termination by Bankruptcy. Should the Seller go bankrupt or insolvent, the Buyer may at any time give written notice of termination to the Seller without paying any liquidated damages. Termination of the Contract shall not harm or impair any action or remediation by the Buyer or the Buyer’s power to adopt such actions or remediation.
