Common use of Termination for Insolvency or Bankruptcy Clause in Contracts

Termination for Insolvency or Bankruptcy. Either party may immediately terminate this Agreement by giving written notice to the other party in the event of (i) the liquidation or insolvency of the other party, (ii) the appointment of a receiver or similar officer for the other, (iii) an assignment by the other party for the benefit of all or substantially all of its creditors, (iv) entry by the other party into an agreement for the composition, extension, or readjustment of all of substantially all of its obligations, or (v) the filing of a meritorious petition in bankruptcy by or against the other party under any bankruptcy or debtor's law for its relief or reorganization.

Termination for Insolvency or Bankruptcy. Either party may immediately terminate this Agreement by giving written notice to the other party in the event of (i) the liquidation or insolvency of the other party, (ii) the appointment of a receiver or similar officer for the otherother party, (iii) an assignment by the other party for the benefit of all or substantially all of its creditors, (iv) entry by the other party into an agreement for the composition, extension, or readjustment of all of or substantially all of its obligations, or (v) the filing of a meritorious petition in bankruptcy by or against the other party under any bankruptcy or debtor's debtors' law for its relief or reorganization.

Termination for Insolvency or Bankruptcy. Either party may immediately terminate this Agreement and any Purchase Order by giving written notice to the other party in the event of (i) the liquidation or insolvency of the other party, (ii) the appointment of a receiver or similar officer for the otherother party, (iii) an assignment by the other party for the benefit of all or substantially all of its creditors, (iv) entry by the other party into an agreement for the composition, extension, or readjustment of all of or substantially all of its obligations, or (v) the filing of a meritorious petition in bankruptcy by or against the other party under any bankruptcy or debtor's debtors’ law for its relief or reorganization.

Termination for Insolvency or Bankruptcy. Either party may immediately terminate this Agreement by giving written notice to the other party in the event of (i) the liquidation or insolvency of the other party, (ii) the appointment of a receiver or similar officer for the otherother party, (iii) an assignment by the other party for the benefit of all or substantially all of its creditors, (iv) entry by the other party into an agreement for the composition, extension, or readjustment of all of or substantially all of its obligations, or (v) the filing of a meritorious petition in bankruptcy by or against the other party under any bankruptcy or debtor's debtors’ law for its relief or reorganization.

Termination for Insolvency or Bankruptcy. Either party Party may immediately terminate this Agreement by giving written notice to the other party Party in the event of (i) the liquidation of: a. Liquidation or insolvency of the other party, (ii) the appointment Party; b. Appointment of a receiver or similar officer for the other, (iii) an assignment other Party; c. Assignment by the other party Party for the benefit of all or substantially all of its creditors, (iv) entry ; d. Entry by the other party Party into an agreement for the composition, extension, extension or readjustment of all of or substantially all of its obligations, or (v) the ; or e. The filing of a meritorious petition in bankruptcy by or against the other party Party under any bankruptcy or debtor's debtors’ law for its relief or reorganization.

Termination for Insolvency or Bankruptcy. Either party Party may immediately terminate this Agreement and any Purchase Order by giving written notice to the other party Party in the event of of: (i) the liquidation or insolvency of the other party, Party; (ii) the appointment of a receiver or similar officer for the other, other Party; (iii) an assignment by the other party Party for the benefit of all or substantially all of its creditors, ; (iv) entry by the other party Party into an agreement for the composition, extension, extension or readjustment of all of or substantially all of its obligations, ; or (v) the filing of a meritorious petition in bankruptcy by or against the other party Party under any bankruptcy or debtor's debtors’ law for its relief or reorganization.

Termination for Insolvency or Bankruptcy. Either party Party may immediately terminate this Agreement by giving written notice to the other party Party in the event of (ia) the liquidation or insolvency of the other partyParty, (iib) the appointment of a receiver or similar officer for the otherother Party, (iiic) an assignment by the other party Party for the benefit of all or substantially all of its creditors, (ivd) entry by the other party Party into an agreement for the composition, extension, or readjustment of all of or substantially all of its obligations, or (ve) the filing of a meritorious petition in bankruptcy by or against the other party Party under any bankruptcy or debtor's debtors' law for its relief or reorganization, which is not dismissed within one hundred eighty (180) days if such filing is for reorganization.

Termination for Insolvency or Bankruptcy. Either party may immediately terminate this Agreement and any purchase order by giving written notice to the other party in the event of (i) the liquidation or insolvency of the other party, (ii) the appointment of a receiver or similar officer for the otherother party, (iii) an assignment by the other party for the benefit of all or substantially all of its creditors, (iv) entry by the other party into an agreement for the composition, extension, or readjustment of all of or substantially all of its obligations, or (v) the filing of a meritorious petition in bankruptcy by or against the other party under any bankruptcy or debtor's debtors' law for its relief or reorganization.

Termination for Insolvency or Bankruptcy. Either party may immediately terminate this Agreement by giving written notice to the other party in the event of (i) the liquidation or insolvency of the other relevant party, (ii) the appointment of a receiver or similar officer for the otherofficer, (iii) an assignment by the other either party for the benefit of all or substantially all of its creditors, (iv) entry by the other either party into an agreement for the composition, extension, or readjustment of all of or substantially all of its obligations, or (v) the filing of a meritorious petition in bankruptcy by or against the other party Party under any bankruptcy or debtor's debtor law for its relief or reorganizationreorganisation.

Termination for Insolvency or Bankruptcy. Either party may immediately terminate this Agreement by giving written notice to the other party in the event of (i) the liquidation or insolvency of the other party, (ii) the appointment of a receiver or similar officer for the otherother party, (iii) an assignment by the other party for the benefit of all or substantially all of its creditors, (iv) entry by the other party into an agreement for the composition, extension, or readjustment of all of or substantially all of its obligations, or (v) the filing of a meritorious petition in bankruptcy by or against the other party under any bankruptcy or debtor's ’’ law for its relief or reorganization.

Termination for Insolvency or Bankruptcy. Either party may immediately terminate this Agreement by giving written notice to the other party in the event of (ia) the liquidation or insolvency of the other party, (iib) the appointment of a receiver or similar officer for the otherother party, (iiic) an assignment by the other party for the benefit of all or substantially all of its creditors, (ivd) entry by the other party into an agreement for the composition, extension, or readjustment of all of or substantially all of its obligations, or (ve) the filing of a meritorious petition in bankruptcy by or against the other party under any bankruptcy or debtor's debtors’ law for its relief or reorganization.

Termination for Insolvency or Bankruptcy. Either party may immediately terminate this Agreement and any Purchase Order by giving written notice to the other party in the event of (i) the liquidation or insolvency of the other party, (ii) the appointment of a receiver or similar officer for the otherother party, (iii) an assignment by the other party for the benefit of all or substantially all of its creditors, (iv) entry by the other party into an agreement for the composition, extension, or readjustment of all of or substantially all of its obligations, or (v) the filing of a meritorious petition in bankruptcy by or against the other party under any bankruptcy or debtor's debtors' law for its relief or reorganization.