Common use of Termination Due to Bankruptcy Clause in Contracts

Termination Due to Bankruptcy. In the event proceedings in bankruptcy are commenced by or against the Contractor, or the Contractor is adjudged bankrupt or a receiver is appointed, the Contractor shall notify HCD immediately in writing and HCD may terminate this Agreement and all further rights and obligations by giving three (3) days’ notice in writing in the manner specified herein.

Appears in 4 contracts

Samples: Standard Agreement, Standard Agreement Amendment, Service Agreement

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