Termination for Insolvency. Subject to applicable bankruptcy laws, either Party may terminate this Agreement effective immediately in the event that the other Party: # has become insolvent (defined as such Party being subject to a voluntary or involuntary bankruptcy petition which is not dismissed ) or has been dissolved or liquidated, has filed itself a petition, case or other proceeding under the applicable bankruptcy laws relating to bankruptcy, dissolution, liquidation, winding up or reorganization; # makes a general assignment for the benefit of creditors; or # has a receiver, custodian, trustee or other person exercising similar functions appointed for all or substantially all of its assets.

Termination for Insolvency. Either party may terminate this Agreement, effective immediately upon written notice, in the event that the other party: # makes a general assignment for the benefit of creditors; # institutes proceedings seeking relief or reorganization under any laws relating to bankruptcy or insolvency; or # has a court of competent jurisdiction appoint a receiver, liquidator or trustee over all or substantially all of such party’s property or provides for the liquidation of such party’s property or business affairs.

Termination for Insolvency. In the event that, prior to the Bardoxolone Reversion Date, Reata (or any of its controlling Affiliates) files for protection under bankruptcy or 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 that is not discharged within ninety (90) 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 sixty (60) days of the filing thereof, then [[AbbVie:Organization]] may terminate this Agreement in its entirety effective immediately upon written notice to Reata.

Termination for Insolvency. Each Party shall have the right to terminate this Agreement upon delivery of written notice to the other Party in the event that # such other Party files in any court or agency pursuant to any statute or regulation of any jurisdiction a petition in bankruptcy or insolvency or for reorganization or similar arrangement for the benefit of creditors or for the appointment of a receiver or trustee of such other Party or its assets, # such other Party is served with an involuntary petition against it in any insolvency proceeding and such involuntary petition has not been stayed or dismissed

Termination for Insolvency. [[Forty Seven:Organization]] shall have the right to terminate this Agreement upon written notice to Ono if Ono makes a general assignment for the benefit of creditors, appoints or suffers appointment of a receiver or trustee over all or substantially all of its property, files a petition under any bankruptcy or insolvency act or has any such petition filed against it which is not dismissed, discharged, bonded or stayed within ​ after the filing thereof. Ono shall have the right to terminate this Agreement upon written notice to [[Forty Seven:Organization]] if [[Forty Seven:Organization]] makes a general assignment for the benefit of creditors, appoints or suffers appointment of a receiver or trustee over all or substantially all of its property, files a petition under any bankruptcy or insolvency act or has any such petition filed against it which is not dismissed, discharged, bonded or stayed within ​ after the filing thereof.

Termination for Insolvency. In the event that either Party (or a parent of such Party) # files for protection under bankruptcy or 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 that is not discharged within 90 days after such filing, # is a party to any dissolution or liquidation, or # files a petition under any bankruptcy or insolvency act or has any such petition filed against it that is not discharged within 60 days of the filing thereof, then the other Party may terminate this Agreement in its entirety effective immediately upon written notice to such Party.

Termination for Insolvency. Each Party shall have the right to terminate this Agreement upon delivery of written notice to the other Party in the event that # such other Party files in any court or agency pursuant to any statute or regulation of any jurisdiction a petition in bankruptcy or insolvency or for reorganization or similar arrangement for the benefit of creditors or for the appointment of a receiver or trustee of such other Party or its assets, # such other Party is served with an involuntary petition against it in any insolvency proceeding and such involuntary petition has not been stayed or dismissed within ​ of its filing, or # such other Party makes an assignment of substantially all of its assets for the benefit of its creditors; provided that, in connection therewith, the provisions of [Section 12.4] shall apply.

Termination for Insolvency. Either Party shall have the right to terminate this Agreement in the event the other Party becomes insolvent. “Insolvent” means that a Party # is declared insolvent or bankrupt by a court of competent jurisdiction, # files a voluntary petition in bankruptcy in any court of competent jurisdiction, # has an involuntary petition filed against it and such petition is not dismissed within ​ after filing, # makes or executes an assignment of substantially all of its assets for the benefit of creditors, or # has a receiver or trustee appointed for substantially all of its assets or business, unless such appointment is dismissed or set aside within ​ from the date of such appointment.

Termination for Insolvency. Either party may terminate this Agreement immediately upon written notice to the other party, if the other party # becomes insolvent or admits inability to pay its debts generally as they become due; # becomes subject, voluntarily or involuntarily, to any proceeding under any domestic or foreign bankruptcy or insolvency law, which is not fully stayed within seven (7) days or is not dismissed or vacated within forty-five (45) days after filing; # is dissolved or liquidated or takes any action for such purpose; # makes a general assignment for the benefit of creditors; or # has a receiver, trustee, custodian, or similar agent appointed by order of any court of competent jurisdiction to take charge of or sell any portion of its property or business (and such appointment is not discontinued within sixty (60) day thereafter). In the event of termination by Nant pursuant to this [Section 4(c)], Nant shall be responsible solely for payment of actual expenses and non-cancellable commitments incurred by the Clinic pursuant to the performance of Services through the date of termination, and the Clinic hereby agrees and covenants to reimburse Nant the Research Fee received prior to termination less the foregoing, within thirty 30 days of the effective date of the termination.

Termination for Insolvency. Each Party shall have the right to terminate this Agreement upon delivery of written notice to the other Party in the event that # such other Party files in any court or agency pursuant to any statute or regulation of any jurisdiction a petition in bankruptcy or insolvency or for reorganization or similar arrangement for the benefit of creditors or for the appointment of a receiver or trustee of such other Party or its assets, # such other Party is served with an involuntary petition against it in any insolvency proceeding and such involuntary petition has not been stayed or dismissed within ​ of its filing, or # such other Party makes an assignment of substantially all of its assets for the benefit of its creditors.