Termination in the Event of Insolvency. Either Party may terminate this Agreement if the other Party becomes insolvent, voluntarily files a petition for relief under bankruptcy or any similar or other insolvency laws (or has a petition filed against it and the same remains undischarged or unstayed for sixty (60) days) or voluntarily or involuntarily enters receivership or any similar or other insolvency proceeding.
Appears in 6 contracts
Samples: Service Framework Agreement (Dyadic International Inc), Service Framework Agreement (Dyadic International Inc), Service Framework Agreement (Dyadic International Inc)
