Common use of Termination on Insolvency Clause in Contracts

Termination on Insolvency. The Authority may terminate this Framework Agreement with immediate effect by notice in writing where the Supplier is a company and in respect of the Supplier: a proposal is made for a voluntary arrangement within Part I of the Insolvency 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 fourteen (14) Working 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 Act 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 Act 1986; or being a "small company" within the meaning of section 382(3) of the Companies Act 2006, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Act 1986; or any event analogous to those listed in Clauses 26.9.1 to Clause 26.9.7 (inclusive) occurs under the law of any other jurisdiction.

Termination on Insolvency. The Authority may terminate this Framework Agreement with immediate effect by notice in writing where the Supplier is a company and in respect of the Supplier: a proposal is made for a voluntary arrangement within Part I of the Insolvency 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 fourteen (14) Working 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 Act 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 Act 1986; or being a "small company" within the meaning of section 382(3) of the Companies Act 2006, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Act 1986; or any event analogous to those listed in Clauses 26.9.1 26.11.1 to Clause 26.9.7 26.11.7 (inclusive) occurs under the law of any other jurisdiction.

Termination on Insolvency. The Authority may terminate this Framework Agreement with immediate effect by notice in writing where the Supplier is a company and in respect of the Supplier: a proposal is made for a voluntary arrangement within Part I of the Insolvency 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 fourteen (14) Working 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 Act 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 Act 1986; or being a "“small company" ” within the meaning of section 382(3) of the Companies Act 2006, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Act 1986; or any event analogous to those listed in Clauses 26.9.1 27.11.1 to Clause 26.9.7 27.11.7 (inclusive) occurs under the law of any other jurisdiction.

Termination on Insolvency. The Authority Agency may terminate this Framework Agreement the Contract with immediate effect by notice in writing where the Supplier Contractor is a company and in respect of the SupplierContractor: a proposal is made for a voluntary arrangement within Part I of the Insolvency Act 1986 Xxx 0000 or of for 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 fourteen ([14) Working Days ] 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 Act 1986Xxx 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 Act 1986Xxx 0000; or it means two [2] or more of the requirements for being a "small company" within the meaning of company specified in section 382(3) of the Companies Act 2006, Xxx 0000 and a moratorium comes into force pursuant to Schedule A1 of the Insolvency Act 1986Xxx 0000; or any event analogous similar to those listed in Clauses 26.9.1 to Clause 26.9.7 1.(a) - (inclusiveg) occurs under the law Law of any other jurisdiction.

Termination on Insolvency. The Authority may terminate this Framework Agreement with immediate effect by notice in writing where the Supplier is a company and in respect of the Supplier: a proposal is made for a voluntary arrangement within Part I of the Insolvency Act 1986 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 fourteen (14) Working 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 Act 1986Xxx 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 Act 1986Xxx 0000; or being a "small company" within the meaning of section 382(3) of the Companies Act 2006Xxx 0000, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Act 1986Xxx 0000; or any event analogous to those listed in Clauses 26.9.1 to Clause 26.9.7 (inclusive) occurs under the law of any other jurisdiction.

Termination on Insolvency. The Authority ConstructionSkills may terminate this Framework Agreement with immediate effect by notice in writing where the Supplier is a company and in respect of the Supplier: Supplier:- a proposal is made for a voluntary arrangement within Part I of the Insolvency 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 fourteen (14) Working Days 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 Act 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 Section 123 of the Insolvency Act 1986; or being a "small company" within the meaning of section 382(3Section 247(3) of the Companies Act 20061985, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Act 1986; or any event analogous similar to any of those listed in Clauses 26.9.1 Clause 20.4.1 to Clause 26.9.7 20.4.7 (inclusive) occurs under the law of any other jurisdiction. Termination by the ConstructionSkills ConstructionSkills shall have the right to terminate this Framework Agreement, or (without prejudice to Clause 4.4) to terminate the appointment of the Supplier to provide any part of the Services at any time by giving not less than three Months' prior written notice to the Supplier.

Termination on Insolvency. The Authority Customer may terminate this Framework Agreement the Contract with immediate effect by giving notice in writing to the Supplier where the Supplier is a company and in respect of the Supplier: a proposal is made for a voluntary arrangement within Part I of the Insolvency 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 fourteen (14) Working Days 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 Act 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 Section 123 of the Insolvency Act 1986; or being a "small company" within the meaning of section 382(3) of the Companies Act 2006, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Act 1986; or any event analogous to those listed in Clauses 26.9.1 to Clause 26.9.7 (inclusive) occurs under the law of any other jurisdiction.or

Termination on Insolvency. The Authority Customer may terminate this Framework Agreement the Contract with immediate effect by giving notice in writing to the Supplier where the Supplier is a company and in respect of the Supplier: a proposal is made for a voluntary arrangement within Part I of the Insolvency 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 fourteen (14) Working Days 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 Act 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 Section 123 of the Insolvency Act 1986; or being a "small company" within the meaning of section 382(3) of the Companies Act 2006, a moratorium comes into force pursuant to Schedule schedule A1 of the Insolvency Act 1986; or any event analogous to those listed in Clauses 26.9.1 to Clause 26.9.7 (inclusive) occurs under the law of any other jurisdiction.or

Termination on Insolvency. The Authority may terminate this Framework Agreement with immediate effect by notice in writing where the Supplier is a company and in respect of the Supplier: a proposal is made for a voluntary arrangement within Part I of the Insolvency Act 1986 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 fourteen (14) Working 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 Act 1986Xxx 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 Act 1986Xxx 0000; or being a "small company" within the meaning of section 382(3) of the Companies Act 2006Xxx 0000, a moratorium comes into force pursuant to Schedule A1 of the Insolvency Act 1986Xxx 0000; or any event analogous to those listed in Clauses 26.9.1 26.11.1 to Clause 26.9.7 26.11.7 (inclusive) occurs under the law of any other jurisdiction.