Termination for Insolvency. If, at any time during the Term # a case is commenced by or against either Party under Title 11, United States Code, as amended, or analogous provisions of Applicable Law outside the United States (the Bankruptcy Code) and, in the event of an involuntary case under the Bankruptcy Code, such case is not dismissed within days after the commencement thereof, # either Party files for or is subject to the institution of bankruptcy, liquidation or receivership proceedings (other than a case under the Bankruptcy Code), # either Party assigns all or a substantial portion of its assets for the benefit of creditors, # a receiver or custodian is appointed for either Partys business, or # a substantial portion of either Partys business is subject to attachment or similar process; then, in any such case ((i), [(ii), (iii), (iv) or (v)])])])]), the other Party may terminate this Agreement upon written notice to the extent permitted under Applicable Law.
Termination for Insolvency. If, at any time during the Term # a case is commencedIf voluntary or involuntary proceedings by or against eithera Party are instituted in bankruptcy under Title 11, United States Code, as amended,any insolvency law, or analogous provisions of Applicable Law outside the United States (the Bankruptcy Code) and, in the event of an involuntary case under the Bankruptcy Code, such case is not dismissed within days after the commencement thereof, # either Party files for or is subject to the institution of bankruptcy, liquidation or receivership proceedings (other than a case under the Bankruptcy Code), # either Party assigns all or a substantial portion of its assets for the benefit of creditors, # a receiver or custodian is appointed for either Partys business,such Party, or # a substantial portionproceedings are instituted by or against such Party for corporate reorganization, dissolution, liquidation or winding-up of either Partys business is subject to attachmentsuch Party, which proceedings, if involuntary, shall not have been dismissed within after the date of filing, or similar process; then, in anyif such case ((i), [(ii), (iii), (iv)Party makes an assignment for the benefit of creditors, or (v)])])])]),substantially all of the assets of such Party are seized or attached and not released within thereafter, the other Party may immediately terminate this Agreement effective upon written notice to the extent permitted under Applicable Law.of such termination.
Termination for Insolvency. If, at any time duringIn the Term # a case is commenced by or againstevent that either Party under Title 11, United States Code, as amended, or analogous provisions of Applicable Law outside the United States (the Bankruptcy Code) and, in the event of an involuntary case under the Bankruptcy Code, such case is not dismissed within days after the commencement thereof, # either Party files for protection under bankruptcy or is subject to the institution of bankruptcy, liquidation or receivership proceedings (other than a case under the Bankruptcy Code),insolvency laws, # either Party assigns all or a substantial portion of its assetsmakes an assignment for the benefit of creditors, # appoints or suffers appointment of a receiver or custodiantrustee over substantially all of its property that is appointed for either Partys business,not discharged within days after such filing, # proposes a written agreement of composition or extension of its debts, # proposes or is a party to any dissolution or liquidation, # files a petition under any bankruptcy or insolvency act or has any such petition filed against that is not discharged within days of the filing thereof or # a substantial portion of either Partys business is subjectadmits in writing its inability generally to attachment or similar process; then,meet its obligations as they fall due in any such case ((i), [(ii), (iii), (iv) or (v)])])])]),the general course, then the other Party may terminate this Agreement in its entirety effective immediately upon written notice to the extent permitted under Applicable Law.such Party.
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