Termination Upon Occurrence of Certain Events. This Agreement may be immediately terminated if either party files a voluntary petition for bankruptcy or reorganization, is the subject of an involuntary petition for bankruptcy, has its affairs placed in the hands of a receiver, or is deemed insolvent by a court of competent jurisdiction.
Termination Upon Occurrence of Certain Events. Licensor may terminate the license and this Agreement immediately by giving written notice of termination to Licensee if Licensee discontinues the Availability Business as substantially conducted as of the Effective Date or discontinues its use of the Licensed Marks for the purposes for which it is licensed hereunder.
Termination Upon Occurrence of Certain Events. Notwithstanding --------------------------------------------- anything to the contrary contained in this Section 9.2, if (i) UPC issues the Increasing Rate Preference Shares to Philips Networks and (ii) Philips Networks elects to convert the Increasing Rate Preference Shares into UPC Ordinary Shares, in accordance with the terms of Increasing Rate Preference Shares, then, on the Conversion Date, UPC and UIHI shall be liable to Philips only for the consequences of events which occur after the Closing Date and prior to such Conversion Date but shall not have any liability under Sections 9.2(a) and 9.2(b) hereof, respectively for the consequences of any events which occur thereafter.
Termination Upon Occurrence of Certain Events. ThermoLase may terminate this Agreement, effective immediately and without the requirement of any notice if Lessee: (i) files for or consents to a general assignment for the benefit of creditors, (ii) files a petition in bankruptcy or liquidation, or is adjudicated bankrupt or insolvent or takes similar actions under the laws of any jurisdiction for the general benefit of creditors of an insolvent or financially troubled debtor, or (iii) is the subject of an involuntary bankruptcy or insolvency proceeding which is not fully dismissed within forty-five (45) days.
Termination Upon Occurrence of Certain Events. This Agreement shall terminate upon the (a) repayment in full of the Loan, and (b) the full satisfaction and performance of all obligations and liabilities of every kind whatsoever of Borrower under the Note, the Mortgage, the Loan Agreement and the other Loan Documents.
Termination Upon Occurrence of Certain Events. Either party shall have the right to terminate this Agreement immediately upon written notice of termination to the other party upon occurrence at any time of any one of the following events:
