Termination for Bankruptcy or Assignment for the Benefit of Creditors Sample Clauses

Termination for Bankruptcy or Assignment for the Benefit of Creditors. If Contractor files a voluntary petition in bankruptcy, is adjudicated bankrupt, or makes a general assignment for the benefit of creditors, the City may at its option and without further notice to, or demand upon Contractor, terminate this Contract, and terminate each and every right of Contractor, and any person claiming rights by and through Contractor under this Contract.

Termination for Bankruptcy or Assignment for the Benefit of Creditors. If Consultant files a voluntary petition in bankruptcy, is adjudicated bankrupt, or makes a general assignment for the benefit of creditors, the Authority may at its option and without further notice to, or demand upon Consultant, terminate this Agreement, and terminate each and every right of Consultant, and any person claiming rights by and through Consultant under this Agreement.

Termination for Bankruptcy or Assignment for the Benefit of Creditors. If either party files a voluntary or involuntary petition in bankruptcy, is adjudicated bankrupt, or makes a general assignment for the benefit of creditors, the other party may at its option and without further notice to, or demand, terminate this Contract immediately.