Common use of Termination on Bankruptcy Clause in Contracts

Termination on Bankruptcy. Either party may terminate this Agreement upon written notice if a petition for relief under any bankruptcy law or legislation is filed by or against the other party, the other party makes an assignment for the benefit of creditors, or a receiver is appointed for an or a substantial portion of any of the other party's assets, and such petition, assignment or appointment is not dismissed or vacated within thirty (30) days.

Termination on Bankruptcy. Either party may terminate this Agreement upon written notice if a petition for relief under any bankruptcy law or legislation is filed by or against the other party, the other party makes an assignment for the benefit of creditors, or a receiver receiver, is appointed for an or a substantial portion of any of the other party's assets, and such petition, assignment or appointment is not dismissed or vacated within thirty (30) days.

Termination on Bankruptcy. Either party hereto may terminate this Agreement upon written notice if a petition for relief under any bankruptcy law or legislation is filed by or against the other party, the other party makes an assignment for the benefit of creditors, or a receiver is appointed for an the other party or a substantial portion of any the assets of the other party's assets, and such petition, assignment or appointment is not dismissed or vacated within thirty (30) days.. c.

Termination on Bankruptcy. Either Any party may terminate this Agreement upon written notice if of a petition for relief under any bankruptcy law or legislation is filed by or against the other another party, the other any party makes an assignment for the benefit of creditors, or a receiver is appointed for an any or a substantial portion of any of the other party's assets, and such petition, petition assignment or appointment is not dismissed or vacated within with thirty (30) days.