Common use of Termination Upon Insolvency Clause in Contracts

Termination Upon Insolvency. This Agreement shall terminate, effective upon delivery of written notice by a party, (i) upon the institution of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of debts of the other party; (ii) upon the making of an assignment for the benefit of creditors by the other party; or (iii) upon the dissolution of the other party.

Termination Upon Insolvency. This Agreement shall terminate, effective upon delivery of written notice by a party, : (i) upon the institution of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of debts of the other party; (ii) upon the making of an a general assignment for the benefit of creditors by the other party; or (iii) upon the dissolution of the other party.

Termination Upon Insolvency. This Agreement shall terminateEither party may terminate this Agreement, effective upon delivery of written notice by a such party, : (i) upon the institution of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of debts of the other party; (ii) upon the making of an assignment for the benefit of creditors by the other party; or (iii) upon the dissolution of the other party.

Termination Upon Insolvency. This Agreement shall terminate, effective upon delivery of written notice by a party, Either Party may terminate this Agreement: (ia) upon the institution of insolvency, receivership or of bankruptcy proceedings or any other proceedings for the settlement of debts of the other partyParty; (iib) upon the making of an assignment for the benefit of creditors by the other partyParty; or (iiic) upon the dissolution of the other partyParty.

Termination Upon Insolvency. This Agreement shall terminate, be terminated effective immediately upon delivery of written notice by a party, party of such termination if any of the following occurs: (i) upon the institution by or against the other party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of debts of the other party; proceedings, (ii) upon the such other party’s making of an assignment for the benefit of creditors by the other party; creditors, or (iii) upon the dissolution of the such other party. There shall be no opportunity to “cure” or any requirement for advance notice of termination under this Section 7.3.

Termination Upon Insolvency. This Agreement agreement shall terminate, effective upon delivery of written notice by a party, (i) upon the institution of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of debts of the other party; (ii) upon the making of an assignment for the benefit of creditors by the other party; or (iii) upon the dissolution of the other party.

Termination Upon Insolvency. This Agreement shall terminate, effective effective upon delivery of written notice by a party, : (i) upon the institution of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of debts of the other party; (ii) upon the making of an assignment for the benefit of creditors by the other party; or (iii) upon the dissolution of the other party.

Termination Upon Insolvency. This Agreement shall terminate, effective upon delivery of written notice by a party, . (i) upon the institution of insolvencyInsolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of debts of the other party; (ii) upon the making of an assignment for the benefit of creditors by the other party; : or (iii) upon the dissolution of the other party.

Termination Upon Insolvency. This Agreement shall terminate, effective upon delivery of written notice by a party, (i) upon the institution of insolvency, receivership or of bankruptcy proceedings or any other proceedings for the settlement of debts of the other party; (ii) upon the making of an assignment for the benefit of creditors by the other party; or (iii) upon the dissolution of the other party.

Termination Upon Insolvency. This Agreement shall terminate, effective upon delivery of written notice by a party, : (i) upon the institution of insolvencyInsolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of debts of the other party; (ii) upon the making of an assignment for the benefit of creditors by the other party; or (iii) upon the dissolution of the other party.

Termination Upon Insolvency. This Agreement shall terminate, effective upon delivery of written notice by a party, (i) upon the institution of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of debts of the other party; (ii) upon the making of an assignment for the benefit of creditors by the other party; or (iii) upon the dissolution on of the other party.

Termination Upon Insolvency. This Agreement shall terminate, effective upon delivery of written notice by a party, : (i) upon the institution of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of debts of the other party; (ii) upon the making of an assignment for the benefit of creditors by the other party; or (iii) upon the dissolution of the other party.

Termination Upon Insolvency. This Agreement shall terminate, --------------------------- effective upon delivery of written notice by a party, (i) upon the institution of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of debts of the other party; , (ii) upon the making of an assignment for the benefit of creditors by the other party; , or (iii) upon the dissolution of the other party.

Termination Upon Insolvency. This Agreement shall terminate, effective upon delivery of may be terminated by either party giving written notice by a party, (i) of termination to the other party if the other party is adjudicated insolvent or upon the institution appointment of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement a receiver of debts substantially all of the other party; (ii) upon 's assets or the making by the other party of an any assignment of substantially all of its assets for the benefit of creditors by creditors. Termination shall be effective upon the date specified in such notice. Upon the occurrence of any such events of insolvency with respect to either party, the Trustee or such party as the Debtor in Possession shall not interfere with the other party; or (iii) upon the dissolution of the other party's rights pursuant to this Agreement.