Termination in the Event of Default. Either party may terminate this Agreement immediately, in the event the other party: (i) is judged bankrupt or insolvent; (ii) makes a general assignment for the benefit of its creditors; (iii) a trustee or receiver is appointed for such party or for any of its property; or (iv) any petition by or on behalf of such party is filed under any bankruptcy or similar laws.
Appears in 5 contracts
Samples: End User License Agreement, Software License Agreement, End User License Agreement
Termination in the Event of Default. Either party may terminate this Agreement immediately, in the event Event of Default. Any of the other partyfollowing shall be considered an “Event of Default”: (i) a party is judged bankrupt or insolvent; (ii) a party makes a general assignment for the benefit of its creditors; (iii) a trustee or receiver is appointed for such a party or for any of its property; or (iv) any petition by or on behalf of such a party is filed under any bankruptcy or similar laws.
Appears in 2 contracts
Samples: Software License Agreement, End User License Agreement
Termination in the Event of Default. Either party may terminate this Agreement immediately, in the event the other party: (i) is judged bankrupt or insolvent; (ii) makes a general assignment for the benefit of its creditors; (iii) a trustee or receiver is appointed for such party or for any of its property; or (iv) any petition by or on behalf of such party is filed under any bankruptcy or similar laws.laws.
Appears in 1 contract
Samples: License Agreement
