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

Termination on Insolvency and Change of Control. The Authority may terminate this Framework Agreement with immediate effect by notice in writing where the Provider is a company and in respect of the Provider:- a proposal is made for a voluntary arrangement within Part I of the Insolvency Xxx 0000 or of any other composition scheme or arrangement with, or assignment for the benefit of, its creditors; or a shareholders' meeting is convened for the purpose of considering a resolution that it be wound up or a resolution for its winding-up is passed (other than as part of, and exclusively for the purpose of, a bona fide reconstruction or amalgamation); or a petition is presented for its winding up (which is not dismissed within 14 days of its service) or an application is made for the appointment of a provisional liquidator or a creditors' meeting is convened pursuant to Section 98 of the Insolvency Xxx 0000; or a receiver, administrative receiver or similar officer is appointed over the whole or any part of its business or assets; or an application order is made either for the appointment of an administrator or for an administration order, an administrator is appointed, or notice of intention to appoint an administrator is given; or it is or becomes insolvent within the meaning of Section 123 of the Insolvency Xxx 0000; or being a "small company" within the meaning of Section 247(3) of the Companies Xxx 0000, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Xxx 0000; or any event similar to those listed in Clause 23.3.1 to Clause 23.3.7 occurs under the law of any other jurisdiction.

Termination on Insolvency and Change of Control. The Authority may terminate this Framework Agreement with immediate effect by notice in writing where the Provider Contractor is a company and in respect of the Provider:- Contractor:- a proposal is made for a voluntary arrangement within Part I of the Insolvency Xxx 0000 Act 1986 or of any other composition scheme or arrangement with, or assignment for the benefit of, its creditors; or a shareholders' meeting is convened for the purpose of considering a resolution that it be wound up or a resolution for its winding-up is passed (other than as part of, and exclusively for the purpose of, a bona fide reconstruction or amalgamation); or a petition is presented for its winding up (which is not dismissed within 14 days of its service) or an application is made for the appointment of a provisional liquidator or a creditors' creditors meeting is convened pursuant to Section 98 of the Insolvency Xxx 0000Act 1986; or a receiver, administrative receiver or similar officer is appointed over the whole or any part of its business or assets; or an application order is made either for the appointment of an administrator or for an administration order, an administrator is appointed, or notice of intention to appoint an administrator is given; or it is or becomes insolvent within the meaning of Section 123 of the Insolvency Xxx 0000Act 1986; or being a "small company" within the meaning of Section 247(3) of the Companies Xxx 0000Act 1985, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Xxx 0000Act 1986; or any event similar to those listed in Clause 23.3.1 to Clause 23.3.7 occurs under the law of any other jurisdiction.

Termination on Insolvency and Change of Control. The Authority may terminate this Framework Agreement with immediate effect by notice in writing where the Provider is a company and in respect of the Provider:- a proposal is made for a voluntary arrangement within Part I of the Insolvency Xxx 0000 Act 1986 or of any other composition scheme or arrangement with, or assignment for the benefit of, its creditors; or a shareholders' meeting is convened for the purpose of considering a resolution that it be wound up or a resolution for its winding-up is passed (other than as part of, and exclusively for the purpose of, a bona fide reconstruction or amalgamation); or a petition is presented for its winding up (which is not dismissed within 14 days of its service) or an application is made for the appointment of a provisional liquidator or a creditors' meeting is convened pursuant to Section 98 of the Insolvency Xxx 0000Act 1986; or a receiver, administrative receiver or similar officer is appointed over the whole or any part of its business or assets; or an application order is made either for the appointment of an administrator or for an administration order, an administrator is appointed, or notice of intention to appoint an administrator is given; or it is or becomes insolvent within the meaning of Section 123 of the Insolvency Xxx 0000Act 1986; or being a "small company" within the meaning of Section 247(3) of the Companies Xxx 0000Act 1985, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Xxx 0000Act 1986; or any event similar to those listed in Clause 23.3.1 clause 23.5.1 to Clause 23.3.7 clause 23.5.8 occurs under the law of any other jurisdiction.

Termination on Insolvency and Change of Control. The Authority may terminate this Framework Agreement with immediate effect and any Call-Off Contract by serving notice on the Provider in writing where with effect from the Provider is a company and date specified in respect of the Provider:- such notice where: a proposal is made for a voluntary arrangement within Part I of the Insolvency Xxx 0000 or of any other composition scheme or arrangement with, or assignment for the benefit of, its creditors; or a shareholders' ’ meeting is convened for the purpose of considering a resolution that it be wound up or a resolution for its winding-up is passed (other than as part of, and exclusively for the purpose of, a bona fide reconstruction or amalgamation); or a petition is presented for its winding up (which is not dismissed within 14 fourteen (14) days of its service) or an application is made for the appointment of a provisional liquidator or a creditors' ’ meeting is convened pursuant to Section section 98 of the Insolvency Xxx 0000; or a receiver, administrative receiver or similar officer is appointed over the whole or any part of its business or assets; or an application order is made either for the appointment of an administrator or for an administration order, an administrator is appointed, or notice of intention to appoint an administrator is given; or it is or becomes insolvent within the meaning of Section section 123 of the Insolvency Xxx 0000; or being a "“small company" ” within the meaning of Section section 247(3) of the Companies Xxx 0000, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Xxx 0000; or any event similar to those listed in Clause 23.3.1 31.5.1 to Clause 23.3.7 31.5.7 occurs under the law of any other jurisdiction. Partial termination If the Authority is entitled to terminate this Framework Agreement, it may (at its sole discretion) terminate all or part of this Framework Agreement.

Termination on Insolvency and Change of Control. The Authority may terminate this Framework Agreement with immediate effect by notice in writing where the Provider is a company and in respect of the Provider:- a proposal is made for a voluntary arrangement within Part I of the Insolvency Xxx 0000 Act 1986 or of any other composition scheme or arrangement with, or assignment for the benefit of, its creditors; or a shareholders' meeting is convened for the purpose of considering a resolution that it be wound up or a resolution for its winding-up is passed (other than as part of, and exclusively for the purpose of, a bona fide reconstruction or amalgamation); or a petition is presented for its winding up (which is not dismissed within 14 days of its service) or an application is made for the appointment of a provisional liquidator or a creditors' creditors meeting is convened pursuant to Section 98 of the Insolvency Xxx 0000Act 1986; or a receiver, administrative receiver or similar officer is appointed over the whole or any part of its business or assets; or an application order is made either for the appointment of an administrator or for an administration order, an administrator is appointed, or notice of intention to appoint an administrator is given; or it is or becomes insolvent within the meaning of Section 123 of the Insolvency Xxx 0000Act 1986; or being a "small company" within the meaning of Section 247(3) of the Companies Xxx 0000Act 1985, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Xxx 0000Act 1986; or any event similar to those listed in Clause 23.3.1 25.3.1 to Clause 23.3.7 25.3.7 occurs under the law of any other jurisdiction.