Common use of Termination for Bankruptcy Clause in Contracts

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter.

Termination for Bankruptcy. To A Party may terminate this Agreement upon written notice upon the extent allowed under applicable Lawfiling or institution of bankruptcy, either Party shall have reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty ninety (6090) days thereafterafter the filing thereof (or such other period as the Parties may mutually agree in writing).

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter[***] after the filing thereof.

Termination for Bankruptcy. To the extent allowed under applicable Law, If either Party shall have makes a general assignment for the right to benefit of, or an arrangement or composition generally with, its creditors, appoints or suffers appointment of an examiner or of a receiver or trustee over all or substantially all of its property, passes a resolution for its winding up or files a petition under any bankruptcy or insolvency act or law or has any such petition filed against it which is not dismissed, discharged, bonded or stayed within ninety (90) days after the filing thereof (each, an “Insolvency Event”), the other Party may terminate this Agreement in its entirety, effective immediately upon written notice to such Party, provided that, in connection therewith, the event provisions of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafterSection 6.5 shall apply.

Termination for Bankruptcy. To Notwithstanding anything in this Agreement to the extent allowed under applicable Lawcontrary, either Party shall have the right to may immediately terminate this Agreement in the event (or one or more of the commencement of any proceeding in licenses or for bankruptcy, insolvency, dissolution or winding up by or against portions thereof granted hereunder) if the other Party (is involved in any bankruptcy proceeding or any other than pursuant to a corporate restructuring) that proceeding concerning insolvency, dissolution, cessation of operations, reorganization, or indebtedness or the like and the proceeding is not dismissed or otherwise disposed of within sixty (60) days thereafterdays.

Termination for Bankruptcy. To the extent allowed under applicable Lawlaw, either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty one hundred and eighty (60180) days thereafter.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party Either party shall have the immediate right to terminate this Agreement Agreement, by providing written notice to the other party, in the event that (i) the other party becomes insolvent, enters into receivership, is the subject of a voluntary or involuntary bankruptcy proceeding, or makes an assignment for the benefit of creditors; or (ii) a substantial part of the commencement of other party’s property becomes subject to any proceeding in levy, seizure, assignment or sale for bankruptcy, insolvency, dissolution or winding up by any creditor or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereaftergovernment agency.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party Each party shall have the right to terminate this Agreement AGREEMENT immediately upon written notice if the other party files a petition, action or other proceeding seeking relief or protection under any bankruptcy laws, whether voluntary or involuntary; or the other party becomes insolvent, or is unable to pay its debts as due or ceases to conduct business in the event of the commencement of any normal course (however, if such petition, action or proceeding in is involuntary, then only if such petition, action or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that proceeding is not dismissed or otherwise disposed of within sixty (60) days thereafter.of filing);

Termination for Bankruptcy. To the extent allowed under applicable LawNotwithstanding any other provisions of this Agreement, either a Party shall have the right to may terminate this Agreement in upon giving notice to the event of the commencement of any proceeding in or for bankruptcyother Party, insolvency, dissolution or winding up by or against should the other Party (other than pursuant to declare bankruptcy, be declared bankrupt by a corporate restructuring) court, or enter into a procedure of winding up or dissolution that is not dismissed within ninety (90) days, or otherwise disposed should a trustee in bankruptcy or receiver or other equivalent entity be appointed for the other Party, or any process or proceeding analogous to any of within sixty (60) days thereafterthe foregoing occurs with respect to the other Party in any jurisdiction.

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) [***] days thereafterafter the filing thereof.

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) *** days thereafterafter the filing thereof.

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) [*****] days thereafterafter the filing thereof.

Termination for Bankruptcy. To the extent allowed under applicable permitted by Law, either Party shall have the right to may terminate this Agreement in by written notice to the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against other with immediate effect if the other Party (other than pursuant is compelled to file bankruptcy, or appoints or suffers appointment of a corporate restructuring) that is receiver or trustee over all or substantially all of its property, or makes a general assignment for the benefit of creditors, in each case, where the relevant proceedings are not dismissed dismissed, discharged or otherwise disposed of stayed within sixty (60) [[***]] days thereafter.after the filing thereof

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter[*CONFIDENTIAL*] after the filing thereof.

Termination for Bankruptcy. To This Agreement may be terminated, to the extent allowed under permitted by applicable Lawlaw, by either Party shall have upon the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party subject to such proceeding consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty ninety (6090) days thereafterafter the filing thereof upon written notice in case the other Party.

Termination for Bankruptcy. To the extent allowed under applicable Law, This Agreement may be terminated by either Party shall have upon the right to terminate this Agreement filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the event of any involuntary bankruptcy or receivership proceeding such right to terminate will only become effective if the commencement of any Party consents to the involuntary bankruptcy or receivership or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter.after the filing of such bankruptcy or receivership

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter[***] after the filing thereof.

Termination for Bankruptcy. To This Agreement may be terminated, to the extent allowed under permitted by applicable Lawlaw, by either Party shall have upon the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party subject to such proceeding consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) 90 days thereafterafter the filing thereof.

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that, in the case of any involuntary bankruptcy proceeding, such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter[***] after the filing thereof.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Either Party shall have the right to may terminate this Agreement in Agreement, effective immediately by providing a written termination notice to the event of the commencement of any proceeding in or for bankruptcyother Party, insolvency, dissolution or winding up by or against if the other Party (other than dissolves, liquidates, ceases to conduct business, or becomes insolvent or seeks protection pursuant to a corporate restructuring) that any bankruptcy, receivership, trust deed, creditors arrangement or comparable proceeding, or such proceeding is instituted against such Party and not dismissed or otherwise disposed of within sixty (60) days thereafterdays.

Termination for Bankruptcy. To Either Party may, by written notice to the extent allowed under applicable Lawother Party, either Party shall have the right to immediately terminate this Agreement in upon (a) the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by of such other Party; (b) the making of, or against seeking to make or arrange for, an assignment for the benefit of creditors of such other Party Party; (c) the initiation of proceedings in voluntary or involuntary bankruptcy; or (d) the appointment of a receiver or trustee of such other than pursuant to a corporate restructuring) Party’s property that is not dismissed or otherwise disposed of discharged within sixty ninety (6090) days thereafterdays.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Each Party shall have the right to may terminate this Agreement upon written notice to the other Party, in the event the other Party is adjudicated bankrupt, becomes insolvent, makes an assignment for the benefit of the commencement creditors, makes any arrangement for liquidation of its debts or a receiver or a receiver and manager is appointed with respect to all or any proceeding in part of its assets, or for bankruptcy, insolvency, dissolution or commences winding up proceedings, or bankruptcy or insolvency proceedings are instituted by or against the other such Party (other than pursuant to a corporate restructuring) that is and such proceedings are not dismissed or otherwise disposed of removed within sixty (60) days thereafter60 days.