Termination on Insolvency. Either party has the right to terminate this Agreement where the other party becomes insolvent, fails to pay its bills when due, makes an assignment for the benefit of creditors, goes out of business, or ceases production.
Appears in 5 contracts
Samples: Proposal Terms and Conditions, Proposal Terms and Conditions, 2020 Proposal Terms and Conditions
Termination on Insolvency. Either party has the right to terminate this Agreement agreement where the other party becomes insolvent, fails to pay its bills when due, makes an assignment for the benefit of creditors, goes out of business, or ceases production.
Appears in 3 contracts
Samples: Davis Agreement, Davis Agreement, Clearbox® Subscriber Access Agreement
Termination on Insolvency. Either party has the right to terminate this Agreement where the other party becomes insolvent, fails to pay its bills when due, makes an assignment for the benefit of creditors, goes out of business, contracts with a subcontractor, or ceases production.
Appears in 1 contract
Samples: Proposal Terms and Conditions
