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.

Appears in 13 contracts

Samples: Definitive Agreement (Storagenetworks Inc), Exceed Web Site and Commerce Solution Agreement (Pc Flowers & Gifts Com Inc), Distribution Agreement (Infocure Corp)

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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.

Appears in 6 contracts

Samples: Agreement (Vemics, Inc.), Agreement (Vemics, Inc.), Agreement (Vemics, Inc.)

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.

Appears in 2 contracts

Samples: Technology Evaluation And (Marrone Bio Innovations Inc), Technology Evaluation And (Marrone Bio Innovations Inc)

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.

Appears in 2 contracts

Samples: Master Services Agreement (Akamai Technologies Inc), Alliance and Master Services Agreement (Akamai Technologies Inc)

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.

Appears in 1 contract

Samples: Globalcenter Master Service Agreement (Headhunter Net Inc)

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.

Appears in 1 contract

Samples: Master Services Agreement (Goto Com Inc)

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.

Appears in 1 contract

Samples: Master Service Agreement (Talk City Inc)

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.

Appears in 1 contract

Samples: Master Services Agreement (Akamai Technologies Inc)

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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.

Appears in 1 contract

Samples: Globalcenter Master Service Agreement (Miningco Com Inc)

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.

Appears in 1 contract

Samples: Topclick Corp

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.

Appears in 1 contract

Samples: General Terms and Conditions

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.

Appears in 1 contract

Samples: Agreement (Aurum Software Inc)

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