Termination for Bankruptcy, Insolvency or Similar Event. In the event that either Party # becomes the subject, whether voluntarily or involuntarily, of any bankruptcy, insolvency, receivership or similar proceeding, # makes an assignment for the benefit of creditors, # appoints or suffers appointment of a receiver or trustee over substantially all of its property, # proposes a written agreement of composition, arrangement, readjustment or extension of its debts, # proposes or is a party to any dissolution or liquidation or otherwise ceases to do business or winds up its affairs, # admits in writing its inability to meet its obligations as they fall due in the general course, or # becomes subject to a warrant of attachment, execution, or distraint or similar process against substantially all of its property, then the other Party may terminate this Agreement, in whole or in part and in its sole discretion, effective immediately upon written notice to such other Party as specified in Section 13.9 of this Agreement.
Termination for Bankruptcy, Insolvency or Similar Event.Insolvency. In the event that either Party # becomes the subject, whether voluntarilyfiles for protection under bankruptcy or involuntarily, of any bankruptcy, insolvency, receivership or similar proceeding,insolvency laws, # makes an assignment for the benefit of creditors, # appoints or suffers appointment of a receiver or trustee over substantially all of its property,property that is not discharged within days after such filing, # proposes a written agreement of composition, arrangement, readjustmentcomposition or extension of its debts, # proposes or is a party to any dissolution or liquidationliquidation, # files a petition under any bankruptcy or otherwise ceases to do businessinsolvency act or winds up its affairs,has any such petition filed against that is not discharged within days of the filing thereof or # admits in writing its inability generally to meet its obligations as they fall due in the general course, or # becomes subject to a warrant of attachment, execution, or distraint or similar process against substantially all of its property, then the other Party may terminate this Agreement, in whole or in part andAgreement in its sole discretion,entirety effective immediately upon written notice to such other Party as specified in Section 13.9 of this Agreement.Party.
Termination for Bankruptcy, Insolvency or Similar Event. InBankruptcy. To the event thatextent permitted under Applicable Law, either Party # becomesmay terminate this Agreement in its entirety immediately upon written notice, if the subject, whether voluntarily or involuntarily, of any bankruptcy, insolvency, receivership or similar proceeding, #other Party makes an assignment for the benefit of creditors, # appoints or suffers appointmenta receiver, trustee in bankruptcy or similar officer is appointed to take charge of a receiver or trustee over substantially all of itsthe other Partys property, # proposes a written agreement of composition, arrangement, readjustment or extension of its debts, # proposes or is a party to any dissolution or liquidation or otherwise ceases to do business or winds up its affairs, # admits in writing its inability to meet its obligations as they fall due in the general course, or # becomes subject to a warrant of attachment, execution, or distraint or similar process against substantially all of its property, then the other Party may terminate this Agreement, in wholeseeks protection under any bankruptcy, receivership, trust deed, creditors arrangement, composition or in part and in its sole discretion, effective immediately upon written notice tocomparable proceeding or such a proceeding is instituted against the other Party as specified in Section 13.9 of this Agreement.and is not dismissed within days, or the other Party, without a successor, dissolves or liquidates.
Termination for Bankruptcy, InsolvencyInsolvency. Either Party may terminate this Agreement in its entirety immediately upon notice to the other Party if such other Party: # is dissolved or Similar Event. In the event that either Partyliquidated or takes any corporate action for such purpose; # becomes theinsolvent or is generally unable to pay, or fails to pay, its debts as they become due; # files or has filed against it a petition for voluntary or involuntary bankruptcy or otherwise becomes subject, whether voluntarily or involuntarily, ofto any bankruptcy, insolvency, receivershipproceeding under any domestic or similar proceeding,foreign bankruptcy or insolvency law; # makes anor seeks to make a general assignment for the benefit of creditors,creditors; or # appointsapplies for or suffers appointmenthas a receiver, trustee, custodian, or similar agent appointed by order of a receiverany court of competent jurisdiction to take charge of or trustee over substantially allsell any material portion of its property, # proposes a written agreement of composition, arrangement, readjustmentproperty or extension of its debts, # proposes or is a party to any dissolution or liquidation or otherwise ceases to do business or winds up its affairs, # admits in writing its inability to meet its obligations as they fall due in the general course, or # becomes subject to a warrant of attachment, execution, or distraint or similar process against substantially all of its property, then the other Party may terminate this Agreement, in whole or in part and in its sole discretion, effective immediately upon written notice to such other Party as specified in Section 13.9 of this Agreement.business.
Termination for Bankruptcy, Insolvency or Similar Event. InBankruptcy. To the event thatextent permitted under Applicable Law, either Party # becomesmay terminate this Agreement in its entirety immediately upon written notice, if the subject, whether voluntarily or involuntarily, of any bankruptcy, insolvency, receivership or similar proceeding, #other Party makes an assignment for the benefit of creditors, # appoints or suffers appointmenta receiver, trustee in bankruptcy or similar officer is appointed to take charge of a receiver or trustee over substantially all of itsthe other Partys property, # proposes a written agreement of composition, arrangement, readjustment or extension of its debts, # proposes or is a party to any dissolution or liquidation or otherwise ceases to do business or winds up its affairs, # admits in writing its inability to meet its obligations as they fall due in the general course, or # becomes subject to a warrant of attachment, execution, or distraint or similar process against substantially all of its property, then the other Party may terminate this Agreement, in wholeseeks protection under any bankruptcy, receivership, trust deed, creditors arrangement, composition or in part and in its sole discretion, effective immediately upon written notice tocomparable proceeding or such a proceeding is instituted against the other Party as specified in Section 13.9 of this Agreement.and is not dismissed within calendar days, or the other Party, without a successor, dissolves or liquidates.
Termination for Bankruptcy, Insolvency or Similar Event. InEither party may terminate this Agreement, effective immediately, if the event that either Partyother party: # becomes theinsolvent or is generally unable to pay, or fails to pay, its debts as they become due; # files or has filed against it a petition for voluntary or involuntary bankruptcy or otherwise becomes subject, whether voluntarily or involuntarily, ofto any bankruptcy, insolvency, receivershipproceeding under any domestic or similar proceeding,foreign bankruptcy or insolvency law; # makes anor seeks to make a general assignment for the benefit of creditors,its creditors; or # appointsapplies for or suffers appointmenthas appointed a receiver, trustee, custodian or similar agent appointed by order of a receiverany court of competent jurisdiction to take charge of or trustee over substantially allsell any material portion of its property, # proposes a written agreement of composition, arrangement, readjustmentproperty or extension of its debts, # proposes or is a party to any dissolution or liquidation or otherwise ceases to do business or winds up its affairs, # admits in writing its inability to meet its obligations as they fall due in the general course, or # becomes subject to a warrant of attachment, execution, or distraint or similar process against substantially all of its property, then the other Party may terminate this Agreement, in whole or in part and in its sole discretion, effective immediately upon written notice to such other Party as specified in Section 13.9 of this Agreement.business.
Termination for Bankruptcy, InsolvencyInsolvency. If voluntary or Similar Event. Ininvoluntary proceedings by or against a Party are instituted in bankruptcy under any insolvency law, or a receiver or custodian is appointed for such Party, or proceedings are instituted by or against such Party for corporate reorganization, dissolution, liquidation or winding-up of such Party, which proceedings, if involuntary, shall not have been dismissed within after the event that eitherdate of filing, or if such Party # becomes the subject, whether voluntarily or involuntarily, of any bankruptcy, insolvency, receivership or similar proceeding, # makes an assignment for the benefit of creditors, # appoints or suffers appointment of a receiver or trustee over substantially all of its property, # proposes a written agreementthe assets of composition, arrangement, readjustmentsuch Party are seized or extension of its debts, # proposes or is a party to any dissolution or liquidation or otherwise ceases to do business or winds up its affairs, # admits in writing its inability to meet its obligations as they fall due in the general course, or # becomes subject to a warrant of attachment, execution, or distraint or similar process against substantially all of its property, thenattached and not released within thereafter, the other Party may immediately terminate this Agreement, in whole or in part and in its sole discretion,Agreement effective immediately upon written notice toof such other Party as specified in Section 13.9 of this Agreement.termination.
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