Common use of Termination for Bankruptcy Clause in Contracts

Termination for Bankruptcy. This Agreement may be terminated by either Party, forthwith, or at any time thereafter by notice to the other if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on business.

Termination for Bankruptcy. This Notwithstanding Section 7.1, this Agreement may be terminated by either Party, forthwith, or at any time thereafter by notice to the other if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on business.

Termination for Bankruptcy. This The involvement of any party to this Agreement may will be terminated by either Party, forthwith, or at any time thereafter by notice to the other if the other becomes bankrupt or insolvent, or that party enters into liquidation whether compulsorily proceedings in bankruptcy or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on businessinsolvency.

Termination for Bankruptcy. This Agreement may be terminated by either Party, forthwith, or at any time thereafter during by notice to either party upon the other if 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 becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on businessparty.

Termination for Bankruptcy. This Subject to applicable law, this Agreement may be terminated by either Party, forthwith, or at any time thereafter by Party upon written notice to (i) upon the other if Party’s making an assignment for the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting benefit of its creditors, or has a receiver appointed over all (ii) upon the other Party’s dissolution or part of its assets, or ceases for any reason ceasing to carry on do business.

Termination for Bankruptcy. This Either Party may terminate this Agreement may be terminated by either Party, forthwith, or at any time thereafter by notice to and COS in the event that the other if Party files a petition for bankruptcy or is adjudicated bankrupt, becomes insolvent or a receiver or trustee is appointed for the other becomes bankrupt Party or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on business.

Termination for Bankruptcy. This Agreement may be terminated will terminate immediately, upon written notice, where (a) either party is declared insolvent or adjudged bankrupt by either Party, forthwith, a court of competent jurisdiction; or at any time thereafter (b) a petition for bankruptcy or reorganization or an arrangement with creditors is filed by notice to the other if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on businessagainst that party and is not dismissed within 60 days.

Termination for Bankruptcy. This To the extent permitted under applicable Law, either Party may terminate this Agreement may be terminated by either Party, forthwith, or at any time thereafter by effective immediately with written notice to the other if the other becomes bankrupt or insolventParty files for bankruptcy, or enters into liquidation whether compulsorily or voluntarilyis adjudicated bankrupt, or convenes files a meeting of its creditorspetition under insolvency Laws, is dissolved or has a receiver appointed over for substantially all or part of its assets, or ceases for any reason to carry on businessproperty.

Termination for Bankruptcy. This Agreement Either Party may be terminated by either Party, forthwith, or at any time thereafter by written notice to the other if terminate this agreement in the event that the other Party becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, insolvent or has a receiver or administrator appointed over all to the whole or any part of its assets, or ceases if an order shall be made or a resolution passed for any reason to carry on businessits winding-up.

Termination for Bankruptcy. This Agreement may be terminated by either In the event of any liquidation, winding up or bankruptcy of a Party, forthwithwhether voluntary or compulsory, or at any time thereafter by composition with creditors or scheme of arrangement, the other Party may terminate this Agreement immediately upon notice in writing to the Party that is subject to the liquidation, winding up or bankruptcy or receiver or trustee in bankruptcy acting in relation thereto, without prejudice to any other if right or remedy the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on businessParty may have.

Termination for Bankruptcy. This To the extent permitted by law, this Agreement may be terminated shall automatically terminate upon the initiation of any proceeding in bankruptcy, reorganization or arrangement for the appointment of a receiver or trustee to take possession of the assets of either party or a similar proceeding under law for the release of creditors by or against either Party, forthwithparty, or at any time thereafter by notice to if either party makes a general assignment for the other if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting benefit of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on business.

Termination for Bankruptcy. This Either Party may terminate this Agreement may be terminated by either Party, forthwith, or at any time thereafter by written notice to the other if the other Party becomes bankrupt insolvent or insolventperforms or permits any act of bankruptcy, liquidation, or enters into liquidation whether compulsorily if a receiver, trustee or voluntarily, custodian is appointed of the other Party or convenes a meeting of its creditors, or has a receiver appointed over all or substantial part of its assets, or ceases for any reason to carry on businessthe other Party’s property.

Termination for Bankruptcy. (a) This Agreement may be terminated by either PartyParty upon the filing or institution of bankruptcy, forthwithreorganization, liquidation or receivership proceedings, or at 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 time thereafter by notice involuntary bankruptcy or receivership proceeding such right to terminate will only become effective if the Party consents to the other if involuntary bankruptcy or receivership or such proceeding is not dismissed within [***] after the other becomes bankrupt filing of such bankruptcy or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on businessreceivership.

Termination for Bankruptcy. This Agreement may be terminated by either Partyparty, forthwith, or at any time thereafter by notice to the other if the other becomes bankrupt files a petition of bankruptcy, is adjudged bankrupt, takes advantage of any insolvency act or insolventexecutes a xxxx of sale, deed of trust or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting assignment for the benefit of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on business.

Termination for Bankruptcy. This Agreement may be terminated shall automatically terminate upon the initiation of any proceeding in bankruptcy, reorganization or arrangement for the appointment of a receiver or trustee to take possession of the assets of a party hereto or similar proceeding under the law for release of creditors by either Party, forthwith, or at any time thereafter by notice to against a party hereto or if a party hereto shall make a general assignment for the other if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting benefit of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on business.

Termination for Bankruptcy. This Agreement may be terminated by either Party, forthwith, or at any time thereafter by notice to the other if the other becomes bankrupt or insolvent, or party enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, assets or ceases for any reason to carry on business.

Termination for Bankruptcy. This Either party may terminate this Agreement may be terminated upon the filing by either Party, forthwith, or at any time thereafter by notice to against the other if the other becomes bankrupt party of any action under any applicable bankruptcy or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on businessinsolvency law.

Termination for Bankruptcy. This Agreement may be terminated by In the event of the bankruptcy, insolvency, liquidation, winding up, reorganization, protection or relief of either Party, forthwithparty under any law of any jurisdiction, or at upon issuance of any time thereafter by order for relief or the appointment of a receiver, trustee, or other similar official for such party, the other party may thereupon terminate this Agreement upon written notice to the first party, without prejudice to any right or remedy that such other if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on businessparty may have.

Termination for Bankruptcy. This Agreement may be terminated by either Partyparty, forthwith, or at any time thereafter by notice to the other if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on business.

Termination for Bankruptcy. This Agreement may be terminated by If either Party, forthwithparty is adjudged bankrupt, or at any time thereafter becomes insolvent, or makes an assignment for the benefit of creditors, or if its business is placed in the hands of a trustee, whether by voluntary action or otherwise, the other party may immediately terminate this Agreement upon delivery of written notice of its intention to do so to the other if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on businessparty.

Termination for Bankruptcy. This Agreement Either party may be terminated terminate this agreement immediately by either Party, forthwith, or at any time thereafter by providing written notice to the other if party, in the event that the other party becomes bankrupt or insolvent, or enters into liquidation whether compulsorily receivership, is the subject of a voluntary or voluntarilyinvoluntary bankruptcy proceeding, or convenes a meeting makes an assignment for the benefit of its creditors, or has a receiver appointed over all or part creditors of its assets, or ceases for any reason to carry on businessthe affected party.

Termination for Bankruptcy. This Agreement may shall be automatically terminated without the need for action by either Party, forthwith, or at any time thereafter by notice to the other Party if the other a Party becomes bankrupt or insolvent, or enters makes any assignment for the benefit of creditors, goes into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver or trustee appointed over all or part of its assets, or ceases for any reason to carry on business.the benefit

Termination for Bankruptcy. This Agreement may be terminated by either Partyparty, forthwithpursuant to written notice, if any proceeding in bankruptcy, reorganization or at any time thereafter by notice arrangement for the appointment of a receiver or trustee to take possession of the other party's assets or by similar proceeding under the law for release of creditors shall be instituted by or against the other party and is not dismissed within sixty (60) days or if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting party shall make an assignment for the benefit of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on business.

Termination for Bankruptcy. This Either party may terminate this Agreement may be terminated by either Party, forthwith, or at any time thereafter by immediately upon written notice to the other if party in the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or event that the first party has a receiver appointed over all petition in bankruptcy filed against it that is not dismissed within [***] of such filing, files a petition in bankruptcy or part makes an assignment for the benefit of its assets, or ceases for any reason to carry on businesscreditors.

Termination for Bankruptcy. This Either Party may terminate this Agreement may be terminated by either Party, forthwith, or at any time thereafter by immediately upon written notice to the other Party if the other becomes Party makes an assignment for the benefit of creditors, files a voluntary petition for bankruptcy or reorganization, is adjudicated bankrupt or insolvent, insolvent or enters into liquidation whether compulsorily applies for or voluntarily, or convenes a meeting consents to the appointment of its creditors, or has a receiver appointed over all for it or part of its assets, or ceases for any reason to carry on businessproperty.

Termination for Bankruptcy. This Either Party may terminate this Agreement may be terminated by either Party, forthwith, or at any time thereafter by upon prior notice to in the event the other if Party makes a general assignment for the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting benefit of its creditors, a petition in bankruptcy is filed by or has against such other Party, or a receiver is appointed over all or part on account of its assets, or ceases for any reason to carry on businesssuch other Party’s insolvency.

Termination for Bankruptcy. This Either party may, by written notice, terminate this Agreement may be terminated by and/or the Services for cause if either Partyparty becomes the subject of any proceedings under any bankruptcy, forthwitharrangement, reorganization, dissolution, liquidation, insolvency, winding-up or similar law of any jurisdiction now or hereafter in effect, or at any time thereafter by notice subject to the appointment of or taking possession by a receiver, receiver-manager, interim receiver, monitor, liquidator, assignee, custodian, trustee, sequestrator or other if the other becomes bankrupt similar agent or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or any substantial part of its assets, the party’s assets or ceases for any reason to carry on businessproperty.

Termination for Bankruptcy. This Either Party may terminate this Agreement may be terminated by either Party, forthwith, or at any time thereafter by in its entirety upon providing written notice to the other if Party on or after the time that such other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes Party makes a meeting general assignment for the benefit of its creditors, files an insolvency petition in bankruptcy, petitions for or has a receiver appointed over all acquiesces in the appointment of any receiver, trustee or similar officer to liquidate or conserve its business or any substantial part of its assets, or ceases for commences under the laws of any reason to carry on business.jurisdiction any proceeding involving its insolvency, bankruptcy, reorganization, adjustment of debt, dissolution, liquidation

Termination for Bankruptcy. This Agreement A Party may be terminated by either Partyterminate this Agreement, forthwith, or at any time thereafter by effective immediately upon written notice to the other Party, if the such other becomes Party files for bankruptcy, is adjudicated bankrupt or insolventunder insolvency laws, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, is dissolved or has a receiver appointed over for substantially all or part of its assets, or ceases for any reason to carry on businessproperty.

Termination for Bankruptcy. This Agreement may be terminated shall automatically terminate upon the initiation of any proceeding in bankruptcy, reorganization, dissolution, liquidation or arrangement for the appointment of a receiver or trustee to take possession of the assets of either Party or similar proceeding under the law for release of creditors by either Party, forthwith, or at any time thereafter by notice to against a Party hereto or if a Party hereto shall make a general assignment for the other if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting benefit of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on business.

Termination for Bankruptcy. This Either Party may terminate this Agreement may be terminated upon the filing by either Party, forthwith, or at any time thereafter by notice to against the other if the Party of any action under any federal, state or other becomes bankrupt applicable bankruptcy or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on businessinsolvency law.

Termination for Bankruptcy. This Either party may immediately terminate this Agreement may be terminated by either Party, forthwith, or at any time thereafter by notice to the other if the other becomes bankrupt or insolventparty is adjudicated bankrupt, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has if a receiver is appointed over all for the other party or part for a substantial portion of its assets, or ceases if an assignment for any reason the benefit of creditors of the other party is made, or if the other party is dissolved or liquidated or has a petition for dissolution or liquidation filed which is not dismissed within forty-five (45) days with respect to carry on businessit.

Termination for Bankruptcy. This Either party may terminate this Agreement may be terminated by either Party, forthwith, or at any time thereafter by immediately upon written notice to the other if party in the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting event that the first party makes an assignment for the benefit of its creditors, creditors or has a receiver appointed over all petition in bankruptcy filed for or part against it that is not dismissed within [***] of its assets, or ceases for any reason to carry on businesssuch filing.

Termination for Bankruptcy. This Either party may terminate this Agreement may be terminated upon the filing by either Party, forthwith, or at any time thereafter by notice to against the other if the party of any action under any federal, state or other becomes bankrupt applicable bankruptcy or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on businessinsolvency law.

Termination for Bankruptcy. This Either party may terminate this Agreement may be terminated by either Party, forthwith, or at any time thereafter by giving written notice to the other party if the other party becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting makes an assignment for the benefit of its creditors, or has a receiver appointed over all bankruptcy petition is filed by or part of its assets, or ceases for any reason to carry on businessagainst it (and not stayed within 90 days).

Termination for Bankruptcy. This Either party may terminate this Agreement may be terminated by either Party, forthwith, or at any time thereafter by immediately upon the date of a notice given to the other if party in the event such other becomes party is or is likely to become insolvent, bankrupt or insolventwound-up. Neither any administrator, administrative receiver or enters into liquidation whether compulsorily or voluntarilyother receiver equivalent, or convenes a meeting nor Service Provider itself, nor any of its creditorscreditors shall be entitled to any lien or other possessory remedy or security over the final Service report or any other deliverables to be provided hereunder, or has a receiver appointed over which shall all or part remain the exclusive property of its assets, or ceases for any reason to carry on businessClient.

Termination for Bankruptcy. This Agreement may be terminated by either Partyparty, forthwithon fifteen (15) days written notice, if any proceeding in bankruptcy, reorganization or at any time thereafter by notice arrangement for the appointment of a receiver or trustee to take possession of the other party’s assets or by similar proceeding under the law for release of creditors shall be instituted by or against the other party or if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting party shall make an assignment for the benefit of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to carry on business.