Common use of Termination for Bankruptcy Clause in Contracts

Termination for Bankruptcy. Subject to the terms and conditions of this Agreement, either Party may terminate this Agreement upon notice to the other Party should the other Party: (a) consent to the appointment of a receiver or a general assignment for the benefit of creditors of the other Party that is not discharged within [**], or (b) file a petition under any bankruptcy or insolvency law or have any such petition filed against it that has not been stayed within [**] of such filing.

Termination for Bankruptcy. Subject Either Party will have the right to the terms and conditions of this Agreement, either Party may terminate this Agreement effective upon written notice to the other Party should in the other Party: (a) consent to event the appointment of a receiver non-notifying Party becomes insolvent or a general makes an assignment for the benefit of creditors of the other Party that is not discharged within [**]creditors, or (b) file a petition under any in the event bankruptcy or insolvency law proceedings are instituted against the non-notifying Party or have any such petition filed against it that has not been stayed within [**] of such filingon the non-notifying Party's behalf.

Termination for Bankruptcy. Subject To the extent permitted by applicable law, each Party shall have the right to the terms and conditions of this Agreement, either Party may immediately terminate this Agreement upon by giving written notice to the other Party should Party, in the event the other Party: (ai) consent provides notice of its intent to the appointment of file (or does actually file without providing said notice) a receiver or a general petition in bankruptcy; (ii) attempts to make an assignment hereof for the benefit of creditors of the other Party that is not discharged within [**], or otherwise; (iii) discontinues or dissolves its business; or (biv) file if a petition under any bankruptcy or insolvency law or have any such petition filed against it that has not been stayed within [**] of such filingreceiver is appointed for it.

Termination for Bankruptcy. Subject to the terms and conditions of this Agreement, either Either Party may immediately terminate this Agreement upon written notice to the other Party should if (i) the other Party: Party is declared insolvent or bankrupt by a court of competent jurisdiction, (aii) consent to a voluntary petition in bankruptcy is filed in any court of competent jurisdiction by the appointment of a receiver other Party or a general assignment (iii) this Agreement is assigned by the other Party for the benefit of creditors of the other Party that is not discharged within [**], or (b) file a petition under any bankruptcy or insolvency law or have any such petition filed against it that has not been stayed within [**] of such filingcreditors.

Termination for Bankruptcy. Subject Either Party shall have the immediate right to the terms and conditions of terminate this Agreement, either Party may terminate this Agreement upon by providing written notice to the other Party should Party, in the event that (i) the other Party: (a) consent to Party becomes insolvent, enters into receivership, is the appointment subject of a receiver voluntary or a general involuntary bankruptcy proceeding, or makes an assignment for the benefit of creditors creditors; or (ii) a substantial part of the other Party that is not discharged within [**]Party’s property becomes subject to any levy, seizure, assignment or (b) file a petition under sale for or by any bankruptcy creditor or insolvency law or have any such petition filed against it that has not been stayed within [**] of such filinggovernment agency.

Termination for Bankruptcy. Subject To the extent permitted by applicable law, each party shall have the right to the terms and conditions of this Agreement, either Party may immediately terminate this Agreement upon by giving written notice to the other Party should party, in the event the other Partyparty: (ai) consent provides notice of its intent to the appointment of file (or does actually file without providing said notice) a receiver or a general petition in bankruptcy; (ii) attempts to make an assignment hereof for the benefit of creditors of the other Party that is not discharged within [**], or otherwise; (iii) discontinues or dissolves its business; or (biv) file if a petition under any bankruptcy or insolvency law or have any such petition filed against it that has not been stayed within [**] of such filingreceiver is appointed for it.

Termination for Bankruptcy. Subject To the extent permitted by applicable law, each Party shall have the right to the terms and conditions of this Agreement, either Party may immediately terminate this Agreement upon by giving written notice to the other Party should Party, in the event the other Party: (ai) consent provides notice of its intent to the appointment of file (or does actually file without providing said notice) a receiver or a general petition in bankruptcy; (ii) attempts to make an assignment hereof for the benefit of creditors of the other Party that or otherwise; (iii) discontinues or dissolves its business; or (iv) if a receiver is not discharged within [appointed for it. **], or (b) file a petition under any bankruptcy or insolvency law or have any such petition filed against it that has not been stayed within [**] of such filing.* Confidential treatment requested

Termination for Bankruptcy. Subject to the terms and conditions of this Agreement, either Either Party may terminate this Agreement -------------------------- upon written notice to the other Party should if any of the other Partyfollowing occurs: (a) consent to the appointment of a trustee or receiver for all or any part of the assets or property of the other Party; (b) insolvency or bankruptcy of the other Party; (c) the other Party makes a general assignment for the benefit of creditors creditors; or (d) dissolution or liquidation of the other Party that is not discharged within [**], or (b) file a petition under any bankruptcy or insolvency law or have any such petition filed against it that has not been stayed within [**] of such filingParty.

Termination for Bankruptcy. Subject to the terms and conditions of this Agreement, either Party may terminate this Agreement upon notice to the other Party should the other Party: (a) consent to the appointment of a receiver or a general assignment for the benefit of creditors of the other Party that is not discharged within [***], or (b) file a petition under any bankruptcy or insolvency law or have any such petition filed against it that has not been stayed within [***] of such filing.

Termination for Bankruptcy. Subject Either party shall have the immediate right to the terms and conditions of this Agreement, either Party may terminate this Agreement upon written notice to in the other Party should the other Party: event that (a) consent to the appointment other party becomes insolvent, enters into receivership, is the subject of a receiver voluntary or a general involuntary bankruptcy proceeding, or makes an assignment for the benefit of creditors of the other Party that is not discharged within [**], creditors; or (b) file a petition under substantial part of the other party's property is or becomes subject to any bankruptcy levy, seizure, assignment or insolvency law sale for or have by any such petition filed against it that has not been stayed within [**] of such filingcreditor or governmental agency.

Termination for Bankruptcy. Subject to the terms and conditions of this Agreement, either Either Party may terminate this Agreement upon written notice to the other Party should if any of the other Partyfollowing occurs: (a) consent to the appointment of a trustee or receiver for all or any part of the assets or property of the other Party; (b) insolvency or bankruptcy of the other Party; (c) the other Party makes a general assignment for the benefit of creditors creditors; or (d) dissolution or liquidation of the other Party that is not discharged within [**], or (b) file a petition under any bankruptcy or insolvency law or have any such petition filed against it that has not been stayed within [**] of such filingParty.

Termination for Bankruptcy. Subject to the terms and conditions of this Agreement, either This Agreement may be terminated by a Party may terminate this Agreement upon notice to the other Party should the if such other Party: Party (a) consent is adjudicated bankrupt or insolvent, or admits in writing that it is unable to the appointment of a receiver or pay its obligations as they become due; (b) makes a general assignment for the benefit of creditors creditors; (c) has had appointed to it, has applied for or has consented to the appointment of, a receiver, trustee or similar officer for a substantial part of its property and such receiver, trustee or officer does not continue such Party's business in the other Party that is not discharged within [**], or (b) file a petition under any bankruptcy or insolvency law or have any such petition filed against it that has not been stayed within [**] of such filing.26/49

Termination for Bankruptcy. Subject to the terms and conditions of this Agreement, either Either Party may terminate this Agreement upon notice to Agreement, if, at any time, the other Party should the other Party: (a) consent shall file in any court or agency pursuant to any applicable Law, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or a general assignment for trustee of the benefit Party or of creditors substantially all of its assets, or if the other Party that is not discharged within [**]shall be served with an involuntary petition against it, or (b) file a petition under any bankruptcy or insolvency law or have any such petition filed against it that has not been stayed within [**] of such filing.in any

Termination for Bankruptcy. Subject Either party shall have the immediate right to the terms and conditions of terminate this Agreement, either Party may terminate this Agreement upon by providing written notice to the other Party should party, in the event: (i) the other Party: (a) consent to party enters into receivership or is the appointment subject of a receiver voluntary or a general involuntary bankruptcy proceeding, or makes an assignment for the benefit of creditors creditors; or (ii) a substantial part of the other Party that is not discharged within [**]party's property becomes subject to any levy, seizure, assignment or (b) file a petition under sale for or by any bankruptcy creditor or insolvency law or have any such petition filed against it that has not been stayed within [**] of such filinggovernment agency.