Termination for Insolvency/Prolonged Delay Sample Clauses

Termination for Insolvency/Prolonged Delay. If Seller ceases to conduct its operations in the normal course of business or fails to meet its obligations as they mature or if any proceeding under the bankruptcy or insolvency laws is brought by or against Seller, a receiver for Seller is appointed or applied for, an assignment for the benefit of creditors is made or an excused delay (or the aggregate time of multiple excused delays) lasts more than sixty (60) days, Buyer may immediately terminate this Order without liability, except for goods or services completed, delivered and accepted within a reasonable period after termination (which will be paid for at the Order price).
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Termination for Insolvency/Prolonged Delay. If Seller (a) ceases to conduct its operations in the normal course of business,
Termination for Insolvency/Prolonged Delay. If Seller ceases to conduct its operations in the normal course of business or fails to meet its obligations as they mature or if any proceeding under the bankruptcy or insolvency laws is brought by or against Seller, a receiver for Seller is appointed or applied for, an assignment for the benefit of creditors is made or an excused delay (or the aggregate time of multiple excused delays) lasts more than sixty (60) days, Buyer may immediately terminate this Order without liability to the fullest extent permitted by the governing law, except for goods or services 10.3 Расторжение из-за неплатёжеспособности/длительной задержки. Если Продавец прекращает операционную деятельность в ходе обычной деятельности или не выполняет свои обязательства, когда настает их срок, или если начат процесс в соответствии с законодательством о банкротстве или неплатежеспособности в отношении Продавца, если назначен или подано прошение о назначении управляющего имуществом, или переуступка совершена в пользу кредиторов или если оправданная задержка (или совокупное completed, delivered and accepted within a reasonable period after termination (which will be paid for at the Order price). время нескольких оправданных задержек) длится более шестидесяти (60) дней, Покупатель может немедленно расторгнуть настоящий Заказ без ответственности в максимально возможном объеме, разрешенном применимым правом, за исключением товаров или услуг, выполненных, поставленных и принятых в течение разумного срока после расторжения (которые будут оплачены по цене Заказа).
Termination for Insolvency/Prolonged Delay. If Seller ceases to conduct its operations in the normal course of business or fails to meet its obligations as they mature or if any proceeding under the bankruptcy or insolvency laws is brought by or against Seller, a receiver for Seller is appointed or applied for an assignment for the benefit of creditors is made or an excused delay (or the aggregate time of multiple excused delays) lasts more than sixty (60) CERTAIN IDENTIFIED INFORMATION HAS BEEN EXCLUDED FROM THE EXHIBIT BECAUSE IT IS BOTH NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.
Termination for Insolvency/Prolonged Delay. If Seller ceases to conduct its operations in the normal course of business or fails to meet its obligations as they mature or if any corporate action, proceeding or other procedure or step under the bankruptcy or insolvency laws is brought by or against Seller, a receiver, administrator, judicial manager, administrative receiver, compulsory manager, provisional supervisor or similar officer for Seller or any of its assets is appointed or applied for, an assignment, composition or arrangement for the benefit of creditors is made or an excused delay (or the aggregate time of multiple excused delays) lasts more than sixty (60) days, Buyer may immediately terminate this Order without liability to the fullest extent permitted by the governing law, except for goods or services completed, delivered and accepted within a reasonable period after termination (which will be paid for at the Order price).

Related to Termination for Insolvency/Prolonged Delay

  • Termination for Insolvency The Procuring Entity may at any time terminate the Contract by giving notice to the Supplier if the Supplier becomes bankrupt or otherwise insolvent. In such event, termination will be without compensation to the Supplier, provided that such termination will not prejudice or affect any right of action or remedy that has accrued or will accrue thereafter to the Procuring Entity

  • Termination for Bankruptcy In the event that either Party files for protection under bankruptcy laws, makes an assignment for the benefit of creditors, appoints or suffers appointment of a receiver or trustee over its property, files a petition under any bankruptcy or insolvency act or has any such petition filed against it which is not discharged within sixty (60) days of the filing thereof, then the other Party may terminate this Agreement effective immediately upon written notice to such Party.

  • Termination for Default The County may, by written notice to the Contractor terminate this contract for default in whole or in part (delivery orders, if applicable) if the Contractor fails to:

  • Termination for Material Breach A party may terminate this Agreement immediately upon notice to the other parties if any of the other parties materially breaches this Agreement, and if capable of cure, does not cure the breach within 10 days after receiving notice specifying the breach. If the material breach affects only certain Services, the non-breaching party that served the notice may choose to terminate only the affected Services.

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