Common use of Termination for Bankruptcy Clause in Contracts

Termination for Bankruptcy. Either Party may immediately terminate this Agreement in the event that the other Party (a) becomes insolvent or unable to pay its debts as they mature; (

Termination for Bankruptcy. Either If either Party may immediately terminate this Agreement in the event that the other Party (a) becomes insolvent or insolvent, is unable to pay its debts as they mature; (when due, files for bankruptcy, is subject of involuntary bankruptcy, has a receiver appointed, or has its assets assigned, the other Party may terminate this Agreement without notice and may cancel any unfulfilled obligations.

Termination for Bankruptcy. Either Party party may immediately terminate this Agreement in the event that immediately upon written notice if at any time the other Party party (a) becomes insolvent or unable insolvent; (b) fails to pay its debts or perform its obligations in the ordinary course of business as they mature: (c) is declared insolvent or admits in writing its insolvency or inability to pay its debts or perform its obligations as they mature; (or

Termination for Bankruptcy. Either Party may immediately terminate this Agreement in immediately upon the event that occurrence of a Bankruptcy Event involving the other Party (a) becomes insolvent or unable by providing written notice to pay its debts as they mature; (the other Party.

Termination for Bankruptcy. Either Any Party may immediately terminate this Agreement in immediately upon the event that occurrence of a Bankruptcy Event involving the other Party (a) becomes insolvent or unable Parties by providing written notice to pay its debts as they mature; (the other Parties.

Termination for Bankruptcy. Either Party may immediately terminate this the Agreement in the event that if the other Party (a) becomes insolvent subject to a bankruptcy, insolvency, receivership, or other similar proceeding, or if the other Party generally becomes unable to pay its debts as they mature; (become due.

Termination for Bankruptcy. Either Party may immediately terminate this Agreement in upon written notice to the event that other Parties if the other Party (a) becomes insolvent or unable insolvent, admits in writing its inability to pay its debts as they mature; (become due, is liquidated, dissolved or ceases to conduct business, makes an assignment for the benefit of creditors, or files or has filed against it a petition in bankruptcy or reorganization proceedings.

Termination for Bankruptcy. Either Party may immediately terminate this Agreement in the event that and any SOW if the other Party (a) becomes insolvent files for bankruptcy, reorganization, liquidation or unable to pay its debts as they mature; (receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors.

Termination for Bankruptcy. Either Party party may immediately terminate -------------------------- this Agreement in the event that if the other Party party is adjudicated bankrupt, or if a receiver is appointed for the other party or for a substantial portion of its assets, or if an assignment for 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 (a45) becomes insolvent or unable days with respect to pay its debts as they mature; (it.

Termination for Bankruptcy. Either Party may immediately terminate this Agreement in the event that upon written notice to the other Party (a) if the other Party becomes insolvent or unable insolvent, admits in writing its inability to pay its debts as they mature; (become due, is liquidated, dissolved or ceases to conduct business, makes an assignment for the benefit of creditors, or files or has filed against it a petition in bankruptcy or reorganization proceedings.

Termination for Bankruptcy. Either Party may immediately terminate this Agreement in the event that at any time if the other Party (a) becomes insolvent enters into insolvency or bankruptcy, or is unable to pay its debts as they mature; become due, or a trustee or receiver or the equivalent is appointed for the Party, or proceedings are instituted against the Party relating to dissolution, liquidation, winding up, bankruptcy or insolvency, if such proceedings are not terminated or discharged within thirty (30) calendar days.

Termination for Bankruptcy. Either If one Party may immediately terminate this Agreement in the event that becomes insolvent the other Party (a) becomes insolvent or unable to pay its debts as they mature; (may terminate the Agreement. Such termination shall be confirmed in writing forthwith.