Common use of Termination by Parties Clause in Contracts

Termination by Parties. Notwithstanding anything to the contrary contained in this Agreement and/or the Assignment Order, the Company or the Contractor may terminate this Agreement and/or the Assignment Order immediately upon giving the other Party a written notice of termination explaining, in reasonable detail, the reason for termination upon occurrence of any of the following: if the other Party is dissolved, declares bankruptcy, becomes insolvent or is unable to pay its debts or fails or admits in writing its inability generally to pay its debts as they become due.

Appears in 5 contracts

Samples: Framework Agreement, Framework Agreement, Framework Agreement

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