Common use of Termination Upon Insolvency Clause in Contracts

Termination Upon Insolvency. Either Party may terminate this Agreement if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement if, at any time, the other Party shall file files in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the such other Party proposes a written agreement of composition or extension of its debts, or if the such other Party shall will be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall will not be dismissed within sixty (60) 60 days after the filing thereof, or if the such other Party shall will propose or be a Party party to any dissolution or liquidation, or if the such other Party shall will make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement if, at any time, the other Party or its ultimate parent corporation shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party ultimate parent corporation shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party or its ultimate parent corporation shall propose or be a Party party to any dissolution or liquidation, or if the other Party or its ultimate parent corporation shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the such other Party proposes a written agreement of composition or extension of its debts, or if the such other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the such other Party shall propose or be a Party party to any dissolution or liquidation, or if the such other Party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either To the extent permitted under Applicable Laws, either Party may terminate this Agreement with respect to the other Party if, at any time, the such other Party shall file file, in any court or agency pursuant to any statute or regulation of any state, country state or jurisdictioncountry, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that such other Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the such other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the such other Party shall propose or be a Party party to any dissolution or liquidation, or if the such other Party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either To the extent permitted under Applicable Laws, either Party may terminate this Agreement if, at any time, the other Party shall file Party: (a) files in any court or agency pursuant to any statute or regulation of any state, country state or jurisdictioncountry, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that such other Party or of its assets, or if the other Party (b) proposes a written agreement of composition or extension of its debts, or if the other Party shall be (c) is served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty forty-five (6045) days after the filing thereof, (d) proposes or if the other Party shall propose or be is a Party party to any dissolution or liquidation, or if the other Party shall make (e) makes an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either To the extent permitted under Applicable Law, either Party may terminate this Agreement if, at any time, the other Party shall file (a) files in any court or agency pursuant to any statute or regulation of any state, country state or jurisdictioncountry, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that such other Party or of its assets, or if the other Party (b) proposes a written agreement of composition or extension of its debts, or if the other Party shall be (c) is served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty forty-five (6045) days after the filing thereof, (d) proposes or if the other Party shall propose or be is a Party party to any dissolution or liquidation, or if the other Party shall make (e) makes an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party party may terminate this Agreement if, at any time, the other Party party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party party or of its assets, or if the other Party party proposes a written agreement of composition or extension of its debts, or if the other Party party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party party shall propose or be a Party party to any dissolution or liquidation, or if the other Party party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the such other Party proposes a written agreement of composition or extension of its debts, or if the such other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) [*] days after the filing thereof, or if the such other Party shall propose or be a Party party to any dissolution or liquidation, or if the such other Party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement or any Research Collaboration Agreement if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement if, at any time, upon thirty (30) days’ written notice if the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that such other Party or of its assets, or if the such other Party proposes a written agreement of composition or extension of its debts, or if the such other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the such other Party shall propose or be a Party party to any dissolution or liquidation, or if the such other Party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement Agreement, if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency 44 proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement Agreement, if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or 10508642_1 for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement Agreement, if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.. 50

Termination Upon Insolvency. Either To the extent permitted under Applicable Law, either Party may terminate this Agreement in its entirety if, at any time, the other Party shall file files in any court or agency pursuant to any statute or regulation of any state, country country, administrative region, district, or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the such other Party proposes a written agreement of composition or extension of its debts, or if the such other Party shall be is served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the such other Party shall propose or be a Party party to any dissolution or liquidation, or if the such other Party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the such other Party proposes a written agreement of composition or extension of its debts, or if the such other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or in each of the foregoing cases only if the such proceedings is for liquidation of such other Party shall propose or be a Party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditorsParty.

Termination Upon Insolvency. Either This Agreement may be terminated by a Party may terminate this Agreement if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country state or jurisdictioncountry, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that the Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, it filed in any insolvency proceeding, and such petition shall not be dismissed within sixty ninety (6090) days after the filing thereof, or if the other Party shall propose or be a Party party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement if, at any time, the other Party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that such other Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

Termination Upon Insolvency. Either Party may terminate this Agreement if, at any time, the other Party or its ultimate parent corporation shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party ultimate parent corporation shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party or its ultimate parent corporation shall propose or be a Party party to any dissolution or liquidation, or if the other Party or its ultimate parent corporation shall make an assignment for the benefit of its creditors.. 14.5

Termination Upon Insolvency. Either Party may terminate this Agreement if, at any time, the other Party shall file (a) files in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that such other Party or of its assets, or if the other Party (b) proposes a written agreement of composition or extension of its debts, or if the other Party shall be (c) is served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall proceeding that is not be dismissed within sixty (60) days after the filing thereof, (d) proposes or if the other Party shall propose or be is a Party party to any dissolution or liquidation, or if the other Party shall make (e) makes an assignment for the benefit of its creditors.