Termination Due to Insolvency. If at anytime during the term of this AGREEMENT, CONTRACTOR shall become "insolvent" as hereinafter defined, then this AGREEMENT, and all of the rights and privileges granted thereby, shall immediately cease, be forfeited, and canceled without notice and without suit or other proceeding. For purposes of this Section, "insolvent" shall mean any one of the following events:
Appears in 11 contracts
Samples: Solid Waste Handling Franchise Agreement, Solid Waste Handling Franchise Agreement, Solid Waste Handling Franchise Agreement