Common use of Termination for Insolvency Clause in Contracts

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written notice (i) upon the institution by or against the other party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan law, (ii) upon the other party's making an assignment for the benefit of creditors, or (iii) upon the other party's dissolution or ceasing to do business.

Termination for Insolvency. This Each Party may terminate this Agreement may be terminated by -------------------------- either party effective immediately upon written notice notice, (i) upon the institution by or against the other party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other such party's debts under United States, California or Japan lawdebts, (ii) upon the other party's making an a general assignment for the benefit of creditors, or (iii) upon the other party's dissolution or ceasing to do business.

Termination for Insolvency. This Either party may terminate this Agreement may be terminated by -------------------------- either party effective immediately upon written notice upon: (i) upon the institution by or against the other party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan lawdebts, (ii) upon the other party's making an assignment for the benefit of its creditors, or (iii) upon the other party's dissolution or ceasing to do businessconduct business as a going concern.

Termination for Insolvency. This Either party may in its sole discretion -------------------------- terminate this Agreement may be terminated by -------------------------- either party effective immediately upon written giving notice to the other party (i) upon the institution by or against the other party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's its debts under United States, California or Japan law, and such proceeding is not dismissed within sixty (60) days of its being filed; (ii) upon the other party's party making an assignment for the benefit of creditors, ; or (iii) upon the other party's dissolution or ceasing to do business.liquidation. MISCELLANEOUS PROVISIONS ------------------------

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written notice (i) upon the institution by or against the other party Party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan lawproceedings, (ii) upon the other partyParty's making an assignment for the benefit of creditors, or (iii) upon the other partyParty's dissolution or ceasing to do business.

Termination for Insolvency. This Either party may terminate this Agreement may be terminated by -------------------------- either party effective immediately upon written notice to the other in the event of (ia) upon the institution appointment, by a court of competent jurisdiction, of a receiver for all or against any substantial part of the other party’s properties, provided that such receiver is not discharged within sixty (60) days of its appointment; (b) the adjudication of the other party as bankrupt; or (c) the execution by the other party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan law, (ii) upon the other party's making an assignment of substantially all of its assets for the benefit of its creditors, or (iii) upon the other party's dissolution or ceasing to do business.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately Party, upon written notice to the other Party, (i) if such Party becomes insolvent, (ii) upon the institution by or against the other party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan lawits debts, (iiiii) upon the other party's such Party’s making an a general assignment for the benefit of creditorscredits, or (iiiiv) upon the other party's such Party’s dissolution or ceasing to do businessconduct business in the normal course.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written notice shall terminate, at the election of the other party, (i) upon the institution by or against the other either party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan lawdebts, (ii) upon the other party's either party making an assignment for the benefit of creditors, or (iii) upon the other party's either party dissolution or ceasing to do business.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written notice (i) upon the institution by or against the other either party of insolvency, receivership or bankruptcy proceedings or any other proceedings proceeding for the settlement of the other either party's debts under United States, California or Japan lawand such proceeding is not dismissed within sixty (60) days of its institution, (ii) upon the other party's either party making an assignment for the benefit of creditors, or (iii) upon the other either party's dissolution or ceasing to do businessbusiness but only if the party described in (i), (ii) or (iii) is in breach of its obligations under this Agreement and the other party so desires to terminate the Agreement by giving written notice.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective will terminate immediately upon written without notice (i) upon the institution by or against the other either party of insolvency, receivership or bankruptcy proceedings proceedings, or any other proceedings for the settlement of the other party's debts under United States, California or Japan lawdebt, (ii) upon the other following either party's making an assignment for the benefit of creditors, or (iii) upon the other following either party's dissolution or ceasing to do businessdissolution.

Termination for Insolvency. This Agreement may be terminated by shall terminate, -------------------------- either party effective immediately upon written notice without notice, (i) upon the institution by or against the other either party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other such party's debts under United Statesdebts, California or Japan lawwhich, if involuntary, are not dismissed within ninety (90) days, (ii) upon the other either party's making an assignment for the benefit of creditors, or (iii) upon the other either party's dissolution or ceasing to do businessdissolution.

Termination for Insolvency. This Either party may terminate this Agreement may be terminated by -------------------------- either party effective immediately immediately, upon written notice notice, (i) upon the institution by or against the other party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other partyother's debts under United States, California or Japan lawdebts, (ii) upon the other partyother's making an assignment for the benefit of creditors, creditors or (iii) upon the other partyother's dissolution or ceasing to do businessconduct business in the normal course.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written notice shall terminate, without notice, (i) upon the institution by or against the other either party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other such party's debts under United States, California or Japan law’s debts, (ii) upon the other either party's ’s making an assignment for the benefit of creditors, or (iii) upon the other either party's ’s dissolution or ceasing to do business.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written notice shall terminate, without notice: (i) upon the institution by or against the other party either Party of insolvency, receivership receivership, or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan law, either Party’s debts; (ii) upon the other party's either Party making an assignment for the benefit of creditors, ; or (iii) upon the other party's either Party’s dissolution or ceasing to do business.

Termination for Insolvency. This Either party may terminate this Agreement may be terminated by -------------------------- either party effective immediately upon written notice (i) upon the institution by or against to the other party in the event of insolvency(a) the appointment, receivership or bankruptcy proceedings by a court of competent jurisdiction, of a receiver for all or any other proceedings for the settlement substantial part of the other party's debts under United Statesproperties, California or Japan law, provided that such receiver is not discharged within sixty (ii60) upon days of its appointment; (b) the adjudication of the other party's making party as bankrupt; or (c) the execution by the other party of an assignment of substantially all of its assets for the benefit of its creditors, or (iii) upon the other party's dissolution or ceasing to do business.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written shall terminate, without notice (i) upon the institution by or against the other party either Party of insolvency, receivership or bankruptcy proceedings or any other proceedings proceeding for the settlement of the other party's debts under United States, California or Japan lawsuch Party’s debts, (ii) upon the other party's either Party’s making an assignment for the benefit of creditors, or (iii) upon the other party's either Party’s dissolution or ceasing to do business.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately Party, upon written notice to the other Party, (i) upon the institution by or against the other party Party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan lawParty’s debts, (ii) upon the other party's Party’s making an assignment for the benefit of creditors, or (iii) upon the other party's dissolution Party’s dissolution, winding up or ceasing to do businessconduct business in the normal course.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately party, upon written notice to the other party, (i) upon the institution by or against the other party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan lawdebts, (ii) upon the other party's making an assignment for the benefit of creditors, or (iii) upon the other party's dissolution dissolution, winding up or ceasing to do businessconduct business in the normal course.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written notice shall terminate, without notice, (i) upon the institution by or against the other either party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other insolvent party's debts under United States, California or Japan lawdebts, (ii) upon the other party's insolvent party making an assignment for the benefit of creditors, or (iii) upon the other insolvent party's dissolution or ceasing to do business.

Termination for Insolvency. This Agreement may shall terminate automatically, with no action required to be terminated taken by -------------------------- or on behalf of either party effective immediately upon written notice party, (i) upon the institution by or against the other party of insolvency, receivership or bankruptcy proceedings proceedings, appointment of an administrator or any other proceedings for the settlement of the other party's debts under United States, California or Japan lawits debts, (ii) upon the other party's ’s making an assignment for the benefit of creditors, or (iii) upon the other party's ’s dissolution or ceasing to do business.

Termination for Insolvency. This Either Party may terminate this Agreement may be terminated by -------------------------- either party effective immediately upon delivery of written notice to the other Party (ia) upon the institution by or against the other party a finding of insolvency, receivership or bankruptcy proceedings or any other proceedings by a competent court, for the settlement of the other partyParty's debts under United States, California or Japan lawdebts, (iib) upon the other partyParty's making an assignment for the benefit of creditors, or (iiic) upon the other partyParty's dissolution or ceasing to do business.

Termination for Insolvency. This Either Party may terminate this Agreement may be terminated by -------------------------- either party effective immediately upon written giving notice to the other Party, (i) upon the institution by or against the such other party Party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's its debts under United States, California and such proceeding is not rescinded or Japan law, dismissed within sixty (60) days of its being filed; (ii) upon the such other party's Party making an assignment for the benefit of creditors, ; or (iii) upon the such other partyParty's dissolution or ceasing to do businessliquidation.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written notice shall terminate, without notice, (i) upon the institution by or against the other either party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other such party's debts under United States, California or Japan lawdebts, (ii) upon the other either party's making an assignment for the benefit of creditors, or (iii) upon the other either party's dissolution or ceasing to do business.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written notice shall terminate, without notice, (i) upon the institution by or against the other either party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other either party's debts under United States, California or Japan law’s debts, (ii) upon the other either party's ’s making an assignment for the benefit of creditors, or (iii) upon the other either party's ’s dissolution or ceasing to do business.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately a Party upon written notice (i) upon the institution by or against to the other party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of Party if (a) the other party's debts under United States, California or Japan law, (ii) upon the other party's making Party shall make an assignment of substantially all of its assets for the benefit of its creditors, file a petition in bankruptcy, petition or (iii) upon apply to any tribunal for the other party's appointment of a custodian, receiver or trustee for it or a substantial part of its assets, or shall commence any proceeding under any bankruptcy, reorganization, readjustment of debt, dissolution or ceasing to do business.liquidation law or statute of any jurisdiction, whether now or hereafter in effect; or

Termination for Insolvency. This Agreement may be terminated by -------------------------- either a party effective immediately upon written notice (i) upon the institution by or against the other party of insolvency, receivership or bankruptcy proceedings or any other proceedings proceeding for the settlement of the other such party's debts under United States, California or Japan law’s debts, (ii) upon the other party's either party making an assignment for the benefit of creditors, or (iii) upon the other either party's ’s dissolution or ceasing to do businessbusiness but only if the party described in (i), (ii) or (iii) is in breach of its obligations under this Agreement or any Amendment and the other party so desires to terminate this Agreement by giving written notice.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written notice will terminate, without notice, (i) upon the institution by or against the other either party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan lawdebts, (ii) upon the other either party's making an assignment of substantially all of its assets for the benefit of creditors, or (iiiii) upon the other either party's dissolution or ceasing to do cessation of business.

Termination for Insolvency. This Agreement may be terminated shall terminate without the need for further action by -------------------------- either party effective immediately upon written notice party: (ia) upon in the institution by or against event that the other party becomes insolvent or generally fails to pay, or admits in writing its inability to pay its debts as they become due; (b) the other party ceases active operation of insolvency, receivership its business; (c) the other party adopts a resolution for discontinuance of its business or bankruptcy proceedings for dissolution; or (d) the other party takes any other proceedings for the settlement corporate or similar action authorizing any of the other party's debts under United States, California or Japan law, (ii) upon the other party's making an assignment for the benefit of creditors, or (iii) upon the other party's dissolution or ceasing to do businessforegoing.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective at any time during the term of this Agreement immediately upon written notice (i) upon by either Party, in the institution by or against event the other party of insolvencyParty files for protection under bankruptcy Applicable Laws, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan law, (ii) upon the other party's making makes an assignment for the benefit of creditors, appoints or (iii) upon 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 [***] of the other party's dissolution or ceasing to do businessfiling thereof.

Termination for Insolvency. This Either Party may terminate this Agreement may be terminated by -------------------------- either party effective immediately upon delivery of written notice to the other Party (i) upon the institution by or against the other party Party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other partyParty's debts under United Statesdebts, California or Japan lawprovided, with respect to involuntary proceedings, that such proceedings are not dismissed within [1] days, (ii) upon the other partyParty's making an assignment for the benefit of creditors, or (iii) upon the other partyParty's dissolution or ceasing to do business.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written notice shall terminate, without notice, (ia) upon the institution by or against the other party either Party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan lawsuch Party’s debts, (iib) upon the other party's either Party’s making an assignment for the benefit of creditors, or (iiic) upon the other party's general dissolution or ceasing to do businessbusiness by such Party.

Termination for Insolvency. This Agreement Either party may be terminated by -------------------------- either party terminate this Agreement, effective immediately upon written notice notice, in the event that the other party: (i) upon the institution by or against the other party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan law, (ii) upon the other party's making an makes a general assignment for the benefit of creditors, ; (ii) institutes proceedings seeking relief or reorganization under any laws relating to bankruptcy or insolvency; or (iii) upon has a court of competent jurisdiction appoint a receiver, liquidator or trustee over all or substantially all of such party’s property or provides for the other liquidation of such party's dissolution ’s property or ceasing to do businessbusiness affairs.

Termination for Insolvency. This Agreement may be terminated by terminated, -------------------------- either party effective immediately upon written notice upon: (i) upon the institution by or against either party to the other party Agreement of insolvency, receivership or bankruptcy proceedings or any other proceedings for the general settlement of the other party's debts under United States, California or Japan lawits debts, (ii) upon the other partyeither Party's making an general assignment for the benefit of creditors, or (iii) upon the other either party's dissolution or ceasing to do business. Such termination shall be effective upon the delivery of written notice from the party not involved in any such proceedings or actions.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written notice shall terminate, without notice, (i) upon the institution by or against the other a party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other such party's debts under United States, California or Japan law’s debts, (ii) upon the other party's a party making an assignment for the benefit of creditors, or (iii) upon the other a party's ’s dissolution or ceasing to do business. Distributor may terminate this Agreement pursuant to the terms set forth under “Acquisition” in Section 14.

Termination for Insolvency. This Agreement may be terminated by shall terminate -------------------------- either party effective immediately upon written notice immediately, without notice, (i) upon the institution by or against the other either party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other either party's debts under United States, California or Japan lawdebts, (ii) upon the other party's either party making an a general assignment for the benefit of creditors, or (iii) upon the other either party's dissolution or ceasing to do businessdissolution.

Termination for Insolvency. This Agreement may be terminated by shall terminate, without -------------------------- either party effective immediately upon written notice notice, (i) upon the institution by or against the other party either Party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other partysuch Party's debts under United States, California or Japan lawdebts, (ii) upon the other partyeither Party's making an assignment for the benefit of creditors, or (iii) upon the other partyeither Party's dissolution or ceasing to do business.

Termination for Insolvency. This Agreement may be terminated by terminated, -------------------------- either party effective immediately upon written notice on notice, (i) upon either party's insolvency, (ii) the institution by or against the other either party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other that party's debts under United States, California or Japan lawdebts, (iiiii) upon the other either party's making an assignment for the benefit of creditors, or (iiiiv) upon the other either party's dissolution or ceasing to do businessbusiness in the normal course.

Termination for Insolvency. This Agreement Either Party may be terminated by -------------------------- either party terminate this Agreement, effective immediately upon written notice (i) upon the institution by or against to the other party of insolvencyParty, receivership or bankruptcy proceedings or any other proceedings for the settlement of if the other party's debts under United States, California Party: (A) becomes insolvent or Japan law, (ii) upon the other party's making an assignment for the benefit of creditorsis generally unable to pay, or fails to pay, its debts as they become due; (iiiB) upon the other party's dissolution files or ceasing has filed against it, a petition for voluntary or involuntary bankruptcy or otherwise becomes subject, voluntarily or involuntarily, to do business.any proceeding under any domestic or foreign bankruptcy or insolvency law; (C) makes or seeks to make

Termination for Insolvency. This Agreement may be terminated -------------------------- by -------------------------- either party effective immediately upon written notice party, on notice, (i) upon the institution by or against the other party of insolvency, receivership receivership, bankruptcy, reorganization or bankruptcy composition proceedings or any other proceedings for the settlement of the other such party's debts under United States, California or Japan lawdebts, (ii) upon the other party's making an assignment for the benefit of creditors, or (iii) upon the other party's dissolution dissolution, winding up or ceasing to do businessconduct business in the normal course.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately upon written notice party, on notice, (i) upon the institution by or against the other party of insolvency, receivership receivership, bankruptcy, reorganization or bankruptcy composition proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan lawdebts, (ii) upon the other party's making an assignment for the benefit of creditors, or (iii) upon the other party's dissolution dissolution, winding up or ceasing to do businessconduct business in the normal course.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately will terminate, without notice, upon written notice (ia) upon the institution by or against the other party either Party of insolvency, receivership receivership, or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan lawsuch Party’s debts, (iib) upon the other party's a Party making an assignment for the benefit of creditors, or (iiic) upon the other party's either Party’s dissolution or ceasing to do business.

Termination for Insolvency. This Either Party may terminate this Agreement may be terminated by -------------------------- either party effective immediately immediately, upon written notice notice, (i) upon the institution by or against the other party Party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other partyother's debts under United States, California or Japan lawdebts, (ii) upon the other partyParty's (except for Holdings') making an assignment for the benefit of creditors, creditors or (iii) upon the other party's dissolution or ceasing to do business.Party's

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective a Party without penalty immediately upon written notice (i) upon the institution giving notice, if proceedings under any bankruptcy, insolvency or similar legislation are instituted by or against the other party of insolvencynon-terminating Party, receivership or bankruptcy proceedings or any other proceedings for the settlement of the other party's debts under United States, California or Japan law, (ii) upon the other party's making non-terminating Party makes an assignment for the benefit of creditors, or (iii) upon a receiver is appointed for all or a substantial part of the other party's dissolution or ceasing to do businessnon-terminating Party’s assets.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately will terminate, without notice, upon written notice (ia) upon the institution by or against the other either party of insolvency, receivership receivership, or bankruptcy proceedings or any other proceedings for the settlement of the other such party's debts under United States, California or Japan law’s debts, (iib) upon the other party's a party making an assignment for the benefit of creditors, or (iiic) upon the other either party's ’s dissolution or ceasing to do business.

Termination for Insolvency. This Agreement may be terminated by -------------------------- either party effective immediately Party at any time during the Term upon written notice (i) to the other Party, upon the filing or institution by of bankruptcy, reorganization, liquidation or against the other party receivership proceedings, or upon an assignment of insolvency, receivership all or bankruptcy proceedings or any other proceedings for the settlement a substantial portion of the other party's debts under United States, California or Japan law, (ii) upon the other party's making an assignment assets for the benefit of creditorscreditors by such other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate shall only become effective if the Party consents to the involuntary bankruptcy or (iii) upon such proceeding is not dismissed within after the other party's dissolution or ceasing to do businessfiling thereof.