Common use of Termination for Breach or Insolvency Clause in Contracts

Termination for Breach or Insolvency. Each party shall have the right to terminate this Agreement on written notice if (a) the other party ceases to do business in the ordinary course or becomes insolvent (i.e., unable to pay its debts in the ordinary course as they come due), or is declared bankrupt, or is the subject of any liquidation or insolvency proceeding which is not dismissed within ninety (90) days, or makes any assignment for the benefit of creditors, or (b) the other party breaches any material term of this Agreement and fails to cure such breach within thirty (30) days after written notice thereof.

Termination for Breach or Insolvency. Each party shall have the right to Either Party may terminate this Agreement on at any time upon written notice if (a) the other party ceases to do business Party (i) is in the ordinary course or becomes insolvent (i.e., unable to pay material breach of its debts in the ordinary course as they come due), or is declared bankrupt, or is the subject of any liquidation or insolvency proceeding which is not dismissed within ninety (90) days, or makes any assignment for the benefit of creditors, or (b) the other party breaches any material term of this Agreement obligations hereunder and fails to cure such breach within thirty (30) days after following written notice thereofof such breach, or (ii) becomes insolvent or files or has filed against it a petition under bankruptcy or insolvency law which remains undismissed after sixty (60) days, makes an assignment for the benefit of creditors or takes any similar action under applicable bankruptcy or insolvency law.

Termination for Breach or Insolvency. Each party shall have the right to terminate this Agreement on written notice if (a) the other party ceases to do business in the ordinary course or becomes insolvent (i.e., unable to pay its debts in the ordinary course as they come due), or is declared bankrupt, or is the subject of any liquidation or insolvency proceeding which is not dismissed within ninety (90) days, or makes any assignment for the benefit of creditors, or (b) the other party breaches any material term of this Agreement and fails to cure such breach within thirty ninety (3090) days after written notice thereof.

Termination for Breach or Insolvency. Each party shall have the right to terminate this Agreement on written notice if (a) the other party ceases to do business in the ordinary course or becomes insolvent (i.e., unable to pay its debts in the ordinary course as they come due), or is declared bankrupt, or is the subject of any liquidation or insolvency proceeding which is not dismissed within ninety (90) days, or makes any assignment for the benefit of creditors, or (b) the other party breaches any material term of this Agreement (including any term of Exhibit H) and fails to cure such breach within thirty (30) days after written notice thereof.

Termination for Breach or Insolvency. Each A party shall have the right to terminate this Agreement on written notice if (a) the other party ceases to do business in the ordinary course or becomes is insolvent (i.e., unable to pay its debts in the ordinary course as they come due), or is declared bankrupt, or is the subject of any liquidation or insolvency proceeding which is not dismissed within ninety (90) 90 days, or makes any assignment for the benefit of creditors, or (b) the other party breaches any material term of this Agreement Agreement, including timely payments, and fails to cure such breach within thirty (30) 30 days after written notice thereof.

Termination for Breach or Insolvency. Each Either party shall have the right to terminate this Agreement on written notice if (a) the other party ceases to do business in the ordinary course or becomes insolvent (is insolvent, i.e., unable to pay its debts in the ordinary course as they come due), or is declared bankrupt, or is the subject of any liquidation or insolvency proceeding which is not dismissed within ninety (90) days, or makes any assignment for the benefit of creditors, or (b) the other party breaches any material term of this Agreement and fails to cure such breach within thirty (30) days after written notice thereof, or (c) the other party fails to timely make any payment hereunder.

Termination for Breach or Insolvency. Each Either party shall have the right to may terminate this Agreement on upon written notice if (a) the other party ceases to do business in the ordinary course or becomes is insolvent (i.e., unable to pay its debts in the ordinary course as they the come due), or is declared bankrupt, or is the subject of any liquidation or insolvency proceeding which is not dismissed within ninety (90) days, or makes any assignment for the benefit of creditors, ; or (b) the other party breaches any material term of this Agreement and fails to cure such breach within thirty (30) days after written notice thereof.

Termination for Breach or Insolvency. Each A party shall have the right to ------------------------------------ terminate this Agreement on written notice if (a) the other party ceases to do business in the ordinary course or becomes is insolvent (i.e., unable to pay its debts in the ordinary course as they the come due), or is declared bankrupt, or is the subject of any liquidation or insolvency proceeding which is not dismissed within ninety (90) days, or makes any assignment for the benefit of creditors, or (b) the other party breaches any material term of this Agreement and fails to cure such breach within thirty (30) days after written notice thereof.