Common use of Termination Upon Bankruptcy Clause in Contracts

Termination Upon Bankruptcy. This contract may be terminated in whole or in part by the Commission upon written notice to Contractor/Vendor, if Contractor/Vendor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor/Vendor 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.

Termination Upon Bankruptcy. This contract may be terminated in whole or in part by the Commission Department upon written notice to Contractor/Vendor, if Contractor/Vendor Contractor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor/Vendor 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.

Termination Upon Bankruptcy. This contract may be terminated in whole or in part by the Commission upon written notice to Contractor/VendorContractor or vendor, if Contractor/Vendor Contractor or vendor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, involuntary or upon the execution by Contractor/Vendor ContractorNendor 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.

Termination Upon Bankruptcy. This contract may be terminated in whole or in part by the Commission upon written notice to Contractor/VendorContractor or vendor, if Contractor/Vendor Contractor or vendor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, involuntary or upon the execution by Contractor/Vendor 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.

Termination Upon Bankruptcy. This contract Contract may be terminated in whole or in part by the Commission upon written notice to Contractor/Vendor, if Contractor/Vendor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor/Vendor 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 price.

Termination Upon Bankruptcy. This contract may be terminated in whole or in part by the Commission upon written notice to Contractor/VendorContractorN endor, if Contractor/Vendor ContractorNendor should become the subject of bankruptcy or receivership proceedings, whether voluntary or involuntary, or upon the execution by Contractor/Vendor ContractorNendor 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.