Common use of Termination by Either Party for Insolvency Clause in Contracts

Termination by Either Party for Insolvency. Either Party may terminate this Agreement prior to the expiration of the term upon the occurrence of any of the cessation of operations of the other Party or the bankruptcy, insolvency, dissolution or winding up of the other Party (other than dissolution or winding up for the purposes or reconstruction or amalgamation).

Appears in 3 contracts

Samples: Supply and License Agreement, Supply, and License Agreement (Biodelivery Sciences International Inc), Bema Fentanyl Supply Agreement (Biodelivery Sciences International Inc)

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Termination by Either Party for Insolvency. Either Party may terminate this Agreement prior to the expiration of the term upon the occurrence of any of the cessation of operations of the other Party or the bankruptcy, insolvency, dissolution or winding up of the other Party (other than dissolution or winding up for the purposes or reconstruction or amalgamation)) and written notice to the other Party.

Appears in 1 contract

Samples: Bema Fentanyl Supply Agreement (Biodelivery Sciences International Inc)

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