Common use of Termination for Cause or Insolvency Clause in Contracts

Termination for Cause or Insolvency. Either Party may terminate this Agreement immediately if the other Party: a. is in breach of any Material obligation herein or in the Schedules attached to this Agreement, and (i) such breach is incapable of being cured, or (ii) if such breach is capable of cure, such breach is not cured within thirty (30) days after receipt of written notice of such breach from the non-breaching Party, or within such additional cure period as the non-breaching Party may authorize; b. voluntarily or involuntarily becomes the subject of a petition in bankruptcy or of any proceeding relating to insolvency, receivership, liquidation or composition for the benefit of creditors; c. admits in writing its inability to pay its debts as they become due; d. fails to provide notice and take corrective action, as specified in Section 4.3.

Termination for Cause or Insolvency. Either Party may terminate this Agreement immediately if the other Party: a. is in breach of any Material material obligation herein or in the Schedules attached to this Agreement, and (i) such breach is incapable of being cured, or (ii) if such breach is capable of cure, such breach is not cured within thirty (30) days after receipt of written notice of such breach from the non-breaching Party, or within such additional cure period as the non-breaching Party may authorize; b. voluntarily or involuntarily becomes the subject of a petition in bankruptcy or of any proceeding relating to insolvency, receivership, liquidation or composition for the benefit of creditors;; or c. admits in writing its inability to pay its debts as they become due; d. fails to provide notice and take corrective action, as specified in Section 4.3.

Termination for Cause or Insolvency. Either Party may terminate this Agreement immediately if the other Party: a. is in breach of any Material material obligation herein or in the Schedules attached to this Agreement, and (i) such breach is incapable of being cured, or (ii) if such breach is capable of cure, such breach is not cured within thirty (30) days after receipt of written notice of such breach from the non-breaching Party, or within such additional cure period as the non-breaching Party may authorize; b. voluntarily or involuntarily becomes the subject of a petition in bankruptcy or of any proceeding relating to insolvency, receivership, liquidation liquidation, or composition for the benefit of creditors; c. admits in writing its inability to pay its debts as they become due; d. fails to provide notice and take corrective action, as specified in Section 4.3.

Termination for Cause or Insolvency. Either Party may terminate this Agreement immediately if the other Party: a. is in breach of any Material obligation herein or in the Schedules attached to this Agreement, and (i) such breach is incapable of being cured, or (ii) if such breach is capable of cure, such breach is not cured within thirty (30) days after receipt of written notice of such breach from the non-breaching Party, or within such additional cure period as the non-breaching Party may authorize; b. voluntarily or involuntarily becomes the subject of a petition in bankruptcy or of any proceeding relating to insolvency, receivership, liquidation liquidation, or composition for the benefit of creditors; c. admits in writing its inability to pay its debts as they become due; d. fails to provide notice and take corrective action, as specified in Section 4.3.

Termination for Cause or Insolvency. Either Party may terminate this Agreement immediately if the other Party: a. Party is in breach of any Material obligation herein or in the Schedules attached to this Agreement, and (i) such breach is incapable of being cured, or (ii) if such breach is capable of cure, such breach is not cured within thirty (30) days after receipt of written notice of such breach from the non-breaching Party, or within such additional cure period as the non-breaching Party may authorize; b. a. voluntarily or involuntarily becomes the subject of a petition in bankruptcy or of any proceeding relating to insolvency, receivership, liquidation or composition for the benefit of creditors; c. b. admits in writing its inability to pay its debts as they become due; d. c. fails to provide notice and take corrective action, as specified in Section 4.3.