Common use of Termination for Insolvency Clause in Contracts

Termination for Insolvency. If either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other party may terminate this agreement with immediate effect.

Termination for Insolvency. If either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other Either party may terminate this agreement with immediate effectAgreement immediately upon written notice if the other party enters into insolvency or bankruptcy proceedings of any sort.

Termination for Insolvency. If either party Party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other party Party may terminate this agreement Agreement with immediate effecteffect by delivering notice of the termination to the first Party.

Termination for Insolvency. If In the event that either party becomes insolventinsolvent (i.e., bankrupt, becomes unable to pay its debts in the ordinary course of business as they come due) or enters receivership, dissolution, or liquidationmakes assignment of this Agreement for the benefit of creditors, the other party may terminate this agreement with immediate effectAgreement immediately upon written notice.

Termination for Insolvency. If either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other party may immediately terminate this agreement with immediate effectagreement.

Termination for Insolvency. If either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other Either party may terminate this agreement with immediate effectAgreement immediately if the other party is adjudicated bankrupt, becomes insolvent, makes a general assignment for the benefit of creditors, or enters dissolution or liquidation proceedings.

Termination for Insolvency. If either party Party becomes insolvent, bankruptfiles for bankruptcy, or enters receivershipceases to do business, dissolution, or liquidationand/or is generally unable to meet its financial obligations, the other party Party may terminate this agreement with immediate effectAgreement immediately by providing written notice.

Termination for Insolvency. If either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other Either party may terminate this agreement with immediate effectAgreement immediately in the event that the other party becomes the subject of a voluntary or involuntary proceeding relating to insolvency, receivership, liquidation, or composition for the benefit of creditors.

Termination for Insolvency. If either Either party becomes insolventmay, bankruptwithout prejudice to any other remedies available to it at law or in equity, terminate this Agreement upon or enters receivershipafter the bankruptcy, dissolutioninsolvency, dissolution or liquidation, winding up of the other party may terminate this agreement with immediate effectParty, subject to applicable bankruptcy laws.

Termination for Insolvency. If In the event either party Party ceases conducting business in a normal course, liquidates or dissolves, becomes insolvent, bankruptmakes a general assignment for the benefit of creditors, suffers or enters receivership, dissolution, permits the appointment of a receiver for its business or liquidationassets, the other party Party may terminate this agreement with immediate effectAgreement.

Termination for Insolvency. If either party becomes comes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other party may terminate this agreement with immediate effect.

Termination for Insolvency. If either Either party may terminate this Agreement immediately upon notice to the other party if such other party becomes insolvent, bankrupt, any proceedings under the bankruptcy or enters receivership, dissolution, insolvency laws is brought by or liquidation, the against such other party may terminate this agreement with immediate effector a receiver or trustee is appointed for such other party.

Termination for Insolvency. If either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other party Either Party may terminate this agreement with immediate effectAgreement immediately in the event that the other Party becomes the subject of a voluntary or involuntary proceeding relating to insolvency, receivership, liquidation, or composition for the benefit of creditors.

Termination for Insolvency. If either party RESELLER becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other party may terminate this agreement with immediate effect.

Termination for Insolvency. If either party of the Parties becomes insolvent, bankruptfiles for bankruptcy, or enters receivershipceases to do business, dissolution, or liquidationand/or is generally unable to meet its financial obligations, the other party Party may terminate this agreement with immediate effectAgreement immediately by providing written notice.

Termination for Insolvency. If either party Party becomes insolvent, bankruptinsolvent or bankrupt or makes an assignment for the benefit of creditors, or enters upon a receiver or trustee in bankruptcy being appointed for either Party, or upon any proceeding in bankruptcy, receivership, dissolutionor liquidation being instituted against a Party and continuing for thirty (30) days without being dismissed, or liquidation, then the other party may Party will be entitled to terminate this agreement with immediate effectAgreement by delivering notice of termination to the Party in default, which shall be effective upon receipt.

Termination for Insolvency. If either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other party may terminate this agreement Membership Agreement with immediate effect.

Termination for Insolvency. If either Either party may terminate this Agreement and all Exhibits immediately upon notice to the other party if such other party becomes insolvent, bankrupt, any proceedings under applicable bankruptcy or enters receivership, dissolution, insolvency laws is brought by or liquidation, the against such other party may terminate this agreement with immediate effector a receiver or trustee is appointed for such other party.

Termination for Insolvency. If either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other Either party may terminate this agreement with immediate effectAgreement if the other party becomes insolvent or makes an assignment for the benefit of creditors, has a receiver appointed for it or its assets, or files or has filed against it a petition for bankruptcy.

Termination for Insolvency. If either Either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, may immediately terminate the Agreement upon the occurrence of any of the following with the other party: (a) insolvency, (b) dissolution or liquidation as a result of which such party may terminate this agreement with immediate effect.ceases to do business or

Termination for Insolvency. If either party a Party is or becomes bankrupt or insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other party may Party may, by written notice, terminate this agreement with the Framework Agreement --with immediate effect.

Termination for Insolvency. If either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other party Party may terminate this agreement Agreement with immediate effect.

Termination for Insolvency. If either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other party may terminate this agreement with immediate effect.. Effect of Termination

Termination for Insolvency. If either party becomes insolvent, bankrupt, or enters receivership, dissolution, or liquidation, the other party may terminate this agreement with immediate effectimmediateeffect.

Termination for Insolvency. If At any time during the Term, if either party Party becomes insolvent, bankruptas evidenced by a filing under the Bankruptcy Code, or enters receivershipfor example, dissolution, or liquidation, the other party may terminate this agreement with immediate effectAgreement will automatically be terminated.

Termination for Insolvency. If either party becomes insolvent, bankrupt, bankrupt or enters receivership, dissolution, dissolution or liquidation, the other party may terminate this agreement with immediate effect.

Termination for Insolvency. If either party becomes insolvent, bankruptfiles for bankruptcy, ceases to do business or enters receivership, dissolution, or liquidationis generally unable to meet its financial obligations, the other party may terminate this agreement with immediate effectAgreement immediately by providing written notice.