Termination in consequence of insolvency Sample Clauses

Termination in consequence of insolvency. In addition to the aforesaid, ISOC-IL may terminate this agreement immediately if an application is filed by or against the Registrar for liquidation and/or a moratorium on proceedings and/or for the drawing up of an arrangement with creditors and/or an application is filed against the Registrar for provisional and/or permanent receivership and/or for the appointment of a special manager, and such application is not set aside within 90 days of being filed, or if a provisional or permanent liquidator or pre-liquidator or special manager or provisional or permanent receiver is appointed for the Registrar, or a moratorium of proceedings against the Registrar or arrangement with creditors or members of the Registrar is declared, if an attachment is imposed over all or some of the Registrar’s assets because of a debt of the Registrar, or an execution act is commenced against the Registrar’s property, and the aforesaid are not set aside by the Registrar within 90 days of their commencement. The Registrar undertakes to give ISOC-IL immediate notice of any such change in its legal position.
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Related to Termination in consequence of insolvency

  • 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

  • CONSEQUENCES OF TERMINATION AND EXPIRY 28.1 Notwithstanding the service of a notice to terminate this Framework Agreement, the Supplier shall continue to fulfil its obligations under this Framework Agreement until the date of expiry or termination of this Framework Agreement or such other date as required under this Clause 28 (Consequences of Termination and Expiry).

  • Termination Consequences In the event of this agreement being determined whether by effluxion of time Notice breach or otherwise:

  • Termination on Insolvency The Authority may terminate this Framework Agreement with immediate effect by notice in writing where the Supplier is a company and in respect of the Supplier:

  • Effect of Termination of Agreement Upon the Termination Date or the Expiration Date, as applicable, any amounts then owing by a Party to the other Party shall become immediately due and payable and the then future obligations of Customer and Provider under this Agreement shall be terminated (other than the indemnity obligations set forth in Section 13). Such termination shall not relieve either Party from obligations accrued prior to the effective date of termination or expiration.

  • Consequences of Termination on Notice by the Province If the Province terminates the Agreement pursuant to section A11.1, the Province may take one or more of the following actions:

  • Consequence of Termination Upon the termination of this Agreement:

  • TERMINATION AND CONSEQUENCES OF TERMINATION 14.1 On termination of any Service Schedule for whatever reason the Client will cease to have the Services provided thereunder.

  • Effect on Termination of Negotiating Successor Agreement If either Party provides Notice of Termination pursuant to Section 6.3 and, on or before the noticed date of termination (the End Date), either Party has requested negotiation of a new Interconnection agreement, such notice shall be deemed to constitute a Bona Fide Request to negotiate a replacement agreement for Interconnection, services or Network Elements pursuant to §252 of the Act and this Agreement shall remain in effect until the earlier of: (a) the effective date of a new Interconnection agreement between CLEC and CenturyLink; or, (b) one-hundred sixty (160) Days after the requested negotiation or such longer period as may be mutually agreed upon, in writing, by the Parties, or

  • Effect of cessation or determination of Agreement 35. (1) On the cessation or determination of this Agreement —

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