Common use of Termination on Change of Control and Insolvency Clause in Contracts

Termination on Change of Control and Insolvency. 53.1 The Commissioner may terminate the Agreement by notice in writing with immediate effect where: (a) the Contractor undergoes a change of control, within the meaning of section 416 of the Income and Corporation Taxes Act 1988, which impacts adversely and materially on the performance of the Agreement; or (b) the Contractor is an individual or a firm and a petition is presented for the Contractor’s bankruptcy, or a criminal bankruptcy order is made against the Contractor or any partner in the firm, or the Contractor or any partner in the firm makes any composition or arrangement with or for the benefit of creditors, or makes any conveyance or assignment for the benefit of creditors, or if an administrator is appointed to manage the Contractor’s or firm’s affairs; or (c) the Contractor is a company, and the company passes a resolution for winding up or dissolution (otherwise than for the purposes of and followed by an amalgamation or reconstruction) or an application is made for, or any meeting of its directors or members resolves to make an application for an administration order in relation to it or any party gives or files notice of intention to appoint an administrator of it or such an administrator is appointed, or the court makes a winding-up order, or the company makes a composition or arrangement with its creditors, or an administrative receiver, receiver, manager or supervisor is appointed by a creditor or by the court, or possession is taken of any of its property under the terms of a fixed or floating charge; or (d) where the Contractor is unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; or (e) any similar event occurs under the law of any other jurisdiction. 53.2 The Commissioner may only exercise its right under clause 53.1(a) within six months after a change of control occurs and shall not be permitted to do so where it has agreed in advance to the particular change of control that occurs. The Contractor shall notify the Contract Manager immediately when any change of control occurs. 53.3 If the Contractor, being an individual, shall die or be adjudged incapable of managing his or her affairs within the meaning of Part VII of the Mental Health Act 1983, the Commissioner shall be entitled to terminate the Agreement by notice to the Contractor or the Contractor’s Representative with immediate effect.

Termination on Change of Control and Insolvency. 53.1 41.1. The Commissioner Authority may terminate the Agreement by notice in writing with immediate effect where: (a) the Contractor undergoes a change of control, within the meaning of section 416 Article 3A of the Income and Corporation Taxes Act 1988Tax (Jersey) Law 1961, which impacts adversely and materially on the performance of the Agreement; or (b) the Contractor is an individual or a firm and a petition is presented for the Contractor’s bankruptcy, or a criminal bankruptcy order is made against the Contractor or any partner in the firm, or the Contractor or any partner in the firm makes any composition or arrangement with or for the benefit of creditors, or makes any conveyance or assignment for the benefit of creditors, or if an administrator is appointed to manage the Contractor’s or firm’s affairs; or (c) the Contractor is a company, and if the company passes a resolution for winding up or dissolution (otherwise than for the purposes of and followed by an amalgamation or reconstruction) or an application is made for, or any meeting of its directors or members resolves to make an application for an administration order in relation to it or any party Party gives or files notice of intention to appoint an administrator of it or such an administrator is appointed, or the court makes a winding-up order, or the company makes a composition or arrangement with its creditors, or an administrative receiver, receiver, manager or supervisor is appointed by a creditor or by the court, or possession is taken of any of its property under the terms of a fixed or floating charge; or (d) where the Contractor is unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986Bankruptcy (Désastre) (Jersey) Law 1990; or (e) any similar event occurs under the law of any other jurisdiction. 53.2 41.2. The Commissioner Authority may only exercise its right under clause 53.1(a41.1(a) within six months after a change of control occurs and shall not be permitted to do so where it has agreed in advance to the particular change of control that occurs. The Contractor shall notify the Contract Manager immediately when any change of control occurs. 53.3 41.3. If the Contractor, being an individual, shall die or be adjudged incapable of managing his or her affairs within the meaning of Part VII of the Mental Health Act 1983(Jersey) Law 1969, the Commissioner Authority shall be entitled to terminate the Agreement by notice to the Contractor or the Contractor’s Representative with immediate effect.

Termination on Change of Control and Insolvency. 53.1 38.1 The Commissioner Authority may terminate the Agreement by notice in writing with immediate effect where: (a) the Contractor undergoes a change of control, within the meaning of section 416 Article 3A of the Income and Corporation Taxes Act 1988Tax (Jersey) Law 1961, which impacts adversely and materially on the performance of the Agreement; or (b) the Contractor is an individual or a firm and a petition is presented for the Contractor’s bankruptcy, or a criminal bankruptcy order is made against the Contractor or any partner in the firm, or the Contractor or any partner in the firm makes any composition or arrangement with or for the benefit of creditors, or makes any conveyance or assignment for the benefit of creditors, or if an administrator is appointed to manage the Contractor’s or firm’s affairs; or (c) the Contractor is a company, and if the company passes a resolution for winding up or dissolution (otherwise than for the purposes of and followed by an amalgamation or reconstruction) or an application is made for, or any meeting of its directors or members resolves to make an application for an administration order in relation to it or any party Party gives or files notice of intention to appoint an administrator of it or such an administrator is appointed, or the court makes a winding-up order, or the company makes a composition or arrangement with its creditors, or an administrative receiver, receiver, manager or supervisor is appointed by a creditor or by the court, or possession is taken of any of its property under the terms of a fixed or floating charge; or (d) where the Contractor is unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986Bankruptcy (Désastre) (Jersey) Law 1990; or (e) any similar event occurs under the law of any other jurisdiction. 53.2 The Commissioner may only exercise its right under clause 53.1(a) within six months after a change of control occurs and shall not be permitted to do so where it has agreed in advance to the particular change of control that occurs. The Contractor shall notify the Contract Manager immediately when any change of control occurs. 53.3 38.2 If the Contractor, being an individual, shall die or be adjudged incapable of managing his or her affairs within the meaning of Part VII of the Mental Health Act 1983(Jersey) Law 1969, the Commissioner Authority shall be entitled to terminate the Agreement by notice to the Contractor or the Contractor’s Representative with immediate effect.

Termination on Change of Control and Insolvency. 53.1 54.1 The Commissioner Council may terminate the Agreement Contract by notice in writing with immediate effect where: (a) the Contractor undergoes a change of control, within the meaning of section 416 of the Income and Corporation Taxes Act 1988Xxx 0000, which impacts adversely and materially on the performance of the AgreementContract; or (b) the Contractor is an individual or a firm and a petition is presented for the Contractor’s Contractor‟s bankruptcy, or a criminal bankruptcy order is made against the Contractor or any partner in the firm, or the Contractor or any partner in the firm makes any composition or arrangement with or for the benefit of creditors, or makes any conveyance or assignment for the benefit of creditors, or if an administrator is appointed to manage the Contractor’s Contractor‟s or firm’s firm‟s affairs; or (c) the Contractor is a company, and if the company passes a resolution for winding up or dissolution (otherwise than for the purposes of and followed by an amalgamation or reconstruction) or an application is made for, or any meeting of its directors or members resolves to make an application for an administration order in relation to it or any party gives or files notice of intention to appoint an administrator of it or such an administrator is appointed, or the court makes a winding-up order, or the company makes a composition or arrangement with its creditors, or an administrative receiver, receiver, manager or supervisor is appointed by a creditor or by the court, or possession is taken of any of its property under the terms of a fixed or floating charge; or (d) where the Contractor is unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; orXxx 0000; (e) or any similar event occurs under the law of any other jurisdictionjurisdiction within the United Kingdom. 53.2 54.2 The Commissioner Council may only exercise its right under clause 53.1(aCondition 54.1(a) within six months after a change of control occurs and shall not be permitted to do so where it has agreed in advance to the particular change of control that occurs. The Contractor shall notify the Contract Manager immediately when any change of control occurs. 53.3 54.3 If the Contractor, being an individual, shall die or be adjudged incapable of managing his or her affairs within the meaning of Part VII of the Mental Health Act 1983Xxx 0000, the Commissioner Council shall be entitled to terminate the Agreement this Contract by notice to the Contractor or the Contractor’s Contractor‟s Representative with immediate effect.

Termination on Change of Control and Insolvency. 53.1 88.1. The Commissioner Authority may terminate the Agreement Contract by notice in writing with immediate effect where: (a) the Contractor undergoes a change of control, within the meaning of section 416 of the Income and Corporation Taxes Act 1988, which impacts adversely and materially on the performance of the AgreementContract; or (b) the Contractor is an individual or a firm and a petition is presented for the Contractor’s bankruptcy, or a criminal bankruptcy order is made against the Contractor or any partner in the firm, or the Contractor or any partner in the firm makes any composition or arrangement with or for the benefit of creditors, or makes any conveyance or assignment for the benefit of creditors, or if an administrator is appointed to manage the Contractor’s or firm’s affairs; or (c) the Contractor is a company, and if the company passes a resolution for winding up or dissolution (otherwise than for the purposes of and followed by an amalgamation or reconstruction) or an application is made for, or any meeting of its directors or members resolves to make an application for an administration order in relation to it or any party gives or files notice of intention to appoint an administrator of it or such an administrator is appointed, or the court makes a winding-up order, or the company makes a composition or arrangement with its creditors, or an administrative receiver, receiver, manager or supervisor is appointed by a creditor or by the court, or possession is taken of any of its property under the terms of a fixed or floating charge; or (d) where the Contractor is unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; or (e) any similar event occurs under the law of any other jurisdiction. 53.2 88.2. The Commissioner Authority may only exercise its right under clause 53.1(a88.1(a) within six months after a change of control occurs and shall not be permitted to do so where it has agreed in advance to the particular change of control that occurs. The Contractor shall notify the Contract Manager immediately when any change of control occurs. 53.3 88.3. If the Contractor, being an individual, shall die or be adjudged incapable of managing his or her affairs within the meaning of Part VII of the Mental Health Act 1983, the Commissioner Authority shall be entitled to terminate the Agreement Contract by notice to the Contractor or the Contractor’s Representative with immediate effect.

Termination on Change of Control and Insolvency. 53.1 H1.1 The Commissioner Contracting Party may terminate the Agreement Contract by notice in writing with immediate effect where: (a) the Contractor EGOV Solutions LTD undergoes a change of control, within the meaning of section 416 of the Income and Corporation Taxes Act 1988, which impacts adversely and materially on the performance of the Agreement; orContract; (b) the Contractor EGOV Solutions LTD is an individual or a firm and a petition is presented for the Contractor’s eGOV Solutions LTD bankruptcy, or a criminal bankruptcy order is made against the Contractor EGOV Solutions LTD or any partner in the firm, or the Contractor EGOV Solutions LTD or any partner in the firm makes any composition or arrangement with or for the benefit of creditors, or makes any conveyance or assignment for the benefit of creditors, or if an administrator is appointed to manage the Contractor’s eGOV Solutions LTD or firm’s affairs; or; (c) the Contractor EGOV Solutions LTD is a company, and if the company passes a resolution for winding up or dissolution (otherwise than for the purposes of and followed by an amalgamation or reconstruction) or an application is made for, or any meeting of its directors or members resolves to make an application for an administration order in relation to it or any party gives or files notice of intention to appoint an administrator of it or such an administrator is appointed, or the court makes a winding-up order, or the company makes a composition or arrangement with its creditors, or an administrative receiver, receiver, manager or supervisor is appointed by a creditor or by the court, or possession is taken of any of its property under the terms of a fixed or floating charge; or; (d) where the Contractor EGOV Solutions LTD is unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; or (e) any similar event occurs under the law of any other jurisdiction. 53.2 The Commissioner may only exercise its right under clause 53.1(a) within six months after a change of control occurs and shall not be permitted to do so where it has agreed in advance to the particular change of control that occurs. The Contractor shall notify the Contract Manager immediately when any change of control occurs. 53.3 If the Contractor, being an individual, shall die or be adjudged incapable of managing his or her affairs jurisdiction within the meaning of Part VII of the Mental Health Act 1983, the Commissioner shall be entitled to terminate the Agreement by notice to the Contractor or the Contractor’s Representative with immediate effectUnited Kingdom.

Termination on Change of Control and Insolvency. 53.1 ‌ 88.1. The Commissioner Authority may terminate the Agreement Contract by notice in writing with immediate effect where: (a) the Contractor undergoes a change of control, within the meaning of section 416 of the Income and Corporation Taxes Act 1988, which impacts adversely and materially on the performance of the AgreementContract; or (b) the Contractor is an individual or a firm and a petition is presented for the Contractor’s bankruptcy, or a criminal bankruptcy order is made against the Contractor or any partner in the firm, or the Contractor or any partner in the firm makes any composition or arrangement with or for the benefit of creditors, or makes any conveyance or assignment for the benefit of creditors, or if an administrator is appointed to manage the Contractor’s or firm’s affairs; or (c) the Contractor is a company, and if the company passes a resolution for winding up or dissolution (otherwise than for the purposes of and followed by an amalgamation or reconstruction) or an application is made for, or any meeting of its directors or members resolves to make an application for an administration order in relation to it or any party gives or files notice of intention to appoint an administrator of it or such an administrator is appointed, or the court makes a winding-up order, or the company makes a composition or arrangement with its creditors, or an administrative receiver, receiver, manager or supervisor is appointed by a creditor or by the court, or possession is taken of any of its property under the terms of a fixed or floating charge; or (d) where the Contractor is unable to pay its debts within the meaning of section 123 of the Insolvency Act 1986; or (e) any similar event occurs under the law of any other jurisdiction. 53.2 88.2. The Commissioner Authority may only exercise its right under clause 53.1(a88.1(a) within six months after a change of control occurs and shall not be permitted to do so where it has agreed in advance to the particular change of control that occurs. The Contractor shall notify the Contract Manager immediately when any change of control occurs. 53.3 88.3. If the Contractor, being an individual, shall die or be adjudged incapable of managing his or her affairs within the meaning of Part VII of the Mental Health Act 1983, the Commissioner Authority shall be entitled to terminate the Agreement Contract by notice to the Contractor or the Contractor’s Representative with immediate effect.