Common use of For Bankruptcy Clause in Contracts

For Bankruptcy. Either Party may terminate this Agreement at any time upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate shall only become effective if the Party consents to the involuntary bankruptcy or such proceeding is not dismissed within sixty (60) days after the filing thereof

For Bankruptcy. Either Party may terminate this Agreement at any time upon effective immediately with written notice to the other Party’s filing or institution of Party if the other Party shall file for bankruptcy, reorganizationshall be adjudicated bankrupt, liquidation or receivership proceedingsshall take advantage of applicable insolvency laws, or upon shall make an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; providedcreditors, however, that in the case of any involuntary bankruptcy proceeding such right to terminate shall only become effective if the Party consents to the involuntary bankruptcy be dissolved or such proceeding is not dismissed within sixty (60) days after the filing thereofshall have a receiver appointed for its property.

For Bankruptcy. Either Each Party may terminate this Agreement at any time in its entirety upon the other Party’s filing occurrence of one or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion more of the assets for the benefit of creditors by following: (i) immediately upon written notice to the other Party; provided, however, that Party in the case of event the other Party is insolvent or initiates a voluntary proceeding under any involuntary applicable bankruptcy proceeding such right to terminate shall only become effective if the Party consents law or code; or (ii) immediately upon written notice to the other Party in the event such other Party becomes the subject of an involuntary proceeding under any applicable bankruptcy law or code and such proceeding is not dismissed or stayed within sixty (60) [***] days after the filing thereofof its commencement.

For Bankruptcy. Either Party may terminate this Agreement at any time immediately upon Notice to the other Party’s filing Party in the event the other Party (a) permanently ceases operations, (b) becomes or institution is declared insolvent or bankrupt, (c) is the subject of bankruptcy, reorganization, any proceeding related to its liquidation or receivership proceedings, insolvency (whether voluntary or upon involuntary) that is not dismissed within 90 calendar days or (d) makes an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate shall only become effective if the Party consents to the involuntary bankruptcy or such proceeding is not dismissed within sixty (60) days after the filing thereofcreditors.

For Bankruptcy. Either Party may terminate this Agreement at any time upon the other Party’s filing occurrence of one or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion more of the assets for the benefit of creditors by following: (i) immediately upon written notice to the other Party; provided, however, that Party in the case of event such other Party is insolvent or initiates a voluntary proceeding under any involuntary applicable bankruptcy proceeding such right to terminate shall only become effective if the Party consents law or code; or (ii) immediately upon written notice to the other Party in the event such other Party becomes the subject of an involuntary proceeding under any applicable bankruptcy law or code and such proceeding is not dismissed or stayed within sixty (60) days after the filing thereofof its commencement.