Common use of Termination Upon Bankruptcy Clause in Contracts

Termination Upon Bankruptcy. This contract may be terminated in whole or in part by MDHS upon written notice to Contractor, if Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor of an assignment for the benefit of its creditors. In the event of such termination, Contractor shall be entitled to recover just and equitable compensation for satisfactory work performed under this contract, but in no case shall said compensation exceed the total contract price.

Appears in 6 contracts

Samples: www.dfa.ms.gov, The Agreement, www.mdhs.ms.gov

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Termination Upon Bankruptcy. This contract may be terminated in whole or in part by MDHS Agency upon written notice to Contractor, if Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor of an assignment for the benefit of its creditors. In the event of such termination, Contractor shall be entitled to recover just and equitable compensation for satisfactory work performed under this contract, but in no case shall said compensation exceed the total contract price.

Appears in 4 contracts

Samples: Contract for Professional Services, Contract for Professional Service, www.dfa.ms.gov

Termination Upon Bankruptcy. This contract may be terminated in whole or in part by MDHS MDCPS upon written notice to Contractor, if Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor of an assignment for the benefit of its creditors. In the event of such termination, Contractor shall be entitled to recover just and equitable compensation for satisfactory work performed under this contract, but in no case shall said compensation exceed the total contract price.

Appears in 2 contracts

Samples: Contract Agreement, www.dfa.ms.gov

Termination Upon Bankruptcy. This contract may be terminated in whole or in part by MDHS MDCPS upon written notice to Independent Contractor, if Independent Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Independent Contractor of an assignment for the benefit of its creditors. In the event of such termination, Independent Contractor shall be entitled to recover just and equitable compensation for satisfactory work performed under this contract, but in no case shall said compensation exceed the total contract price.

Appears in 2 contracts

Samples: srm.magic.ms.gov, srm.magic.ms.gov

Termination Upon Bankruptcy. This contract may be terminated in whole or in part by MDHS MDFA upon written notice to Contractor, if Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor of an assignment for the benefit of its creditors. In the event of such termination, Contractor shall be entitled to recover just and equitable compensation for satisfactory work performed under this contract, but in no case shall said compensation exceed the total contract price.

Appears in 2 contracts

Samples: Design, Print, and Direct Mail Services Contract, Design, Print, and Direct Mail Services Contract

Termination Upon Bankruptcy. This contract may be terminated in whole or in part by MDHS MDOC upon written notice to Contractor, if Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor of an assignment for the benefit of its creditors. In the event of such termination, Contractor shall be entitled to recover just and equitable compensation for satisfactory work performed under this contract, but in no case shall said compensation exceed the total contract price.

Appears in 2 contracts

Samples: Attachment D, Attachment D

Termination Upon Bankruptcy. This contract Contract may be be. terminated in whole or in part by MDHS the MDFA upon written notice to Contractorthe Contractor and a copy to OSA, if the Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor of an assignment for the benefit of its creditors. In the event of such termination, Contractor shall be entitled to recover just and equitable compensation for satisfactory work performed under this contractContract, but in no case shall said compensation exceed the total contract priceContract pnce.

Appears in 2 contracts

Samples: Financial Audit Services Contract, Financial Audit Services Contract

Termination Upon Bankruptcy. This contract Contract may be terminated in whole or in part by MDHS the MDFA upon written notice to the Contractor, if the Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor of an assignment for the benefit of its creditors. In the event of such termination, Contractor shall be entitled to recover just and equitable compensation for satisfactory work performed under this contractContract, but in no case shall said compensation exceed the total contract Contract price.

Appears in 2 contracts

Samples: Life Insurance Consulting Services Contract, Excess Workers’ Compensation Insurance Brokerage Services Contract

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Termination Upon Bankruptcy. This contract may be terminated in whole or in part by MDHS upon written notice to Contractor, if Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor of an assignment for the benefit of its creditors. In the event of such termination, Contractor shall be entitled to recover just and equitable compensation for satisfactory work performed under this contract, but in no case shall said compensation exceed the total contract price.

Appears in 1 contract

Samples: www.mdhs.ms.gov

Termination Upon Bankruptcy. This contract may be terminated in whole or in part by MDHS DOC upon written notice to Contractor, if Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor of an assignment for the benefit of its creditors. In the event of such termination, Contractor shall be entitled to recover just and equitable compensation for satisfactory work performed under this contract, but in no case shall said compensation exceed the total contract price.

Appears in 1 contract

Samples: www.dfa.ms.gov

Termination Upon Bankruptcy. This contract The Contract may be terminated in whole or in part by MDHS Agency upon written notice to Contractor, if Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor of an assignment for the benefit of its creditors. In the event of such termination, Contractor shall be entitled to recover just and equitable compensation for satisfactory work performed under this contractthe Contract, but in no case shall said compensation exceed the total contract price.

Appears in 1 contract

Samples: Personal Service Contract Independent

Termination Upon Bankruptcy. This contract may be terminated in whole or in part by MDHS upon written notice to the Contractor, if the Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by the Contractor of an assignment for the benefit of its creditors. In the event of such termination, the Contractor shall be entitled to recover just and equitable compensation for satisfactory work performed under this contract, but in no case shall said compensation exceed the total contract price.

Appears in 1 contract

Samples: www.osa.state.ms.us

Termination Upon Bankruptcy. This contract may be terminated in whole or in part by MDHS MDOC upon written notice to Contractor, if Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor of an assignment for the benefit of its creditors. In the event of such termination, Contractor shall be entitled to recover just and equitable compensation for satisfactory work performed under this contract, but in no case shall said compensation exceed the total contract price.

Appears in 1 contract

Samples: Personal Service Contract Independent

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