Bankruptcy and Liquidation. In the event the Service Provider (1) makes an assignment for the benefit of creditors, or petition or apply to any tribunal for the appointment pf a custodian, receiver, or trustee for all or a substantial part of its assts; (2) commences any proceeding under any bankruptcy, reorganization, arrangement, readjustment of debt, dissolution, or liquidation law or statute of any jurisdiction whether now or hereafter in effect; (3) has had any such petition or application filed or any such proceeding commenced against it in which an order for relief is entered or an adjudication or appointment is made, and which remains undismissed for a period of sixty(60) days or more; (4) takes any corporate action indicating its consent to, approval of, or acquiescence in any such petition, application, proceeding, or order for relief or the appointment of a custodian, receiver, or trustee for all or substantial part of its assets; or (5) permits any such custodianship, receivership, or trusteeship to continue undischarged for a period of sixty (60) days or more causing the Service Provider or any third party, including, without limitation, a trustee in bankruptcy, to be empowered under state or federal law to reject this Contract or any agreement supplementary hereto, the City shall have the following rights:
Bankruptcy and Liquidation. If the Merchant becomes unable to pay its debts when due, enters into bankruptcy or liquidation proceedings, whether voluntary or not or has or will have an administrator or liquidator placed over any or all of its assets, the parties agree that: (i) no amounts payable to MoneySwap hereunder shall be incorporated into the scope of the bankruptcy or liquidation assets; and (ii) MoneySwap shall have the right to collect such amounts at any time upon written notice to the Merchant.
Bankruptcy and Liquidation. Except pursuant to the Transaction Documents or for the benefit of the holders of the Notes, the commencement of or consent to any proceeding seeking (i) to adjudicate it as bankrupt or insolvent, (ii) liquidation, winding up, dissolution, reorganization, or arrangement of any of the Group Companies under any Law relating to bankruptcy, insolvency or reorganization or relief of debtors, or (iii) the entry of an order for relief or the appointment of a receiver, trustee, or other similar official for it or for any substantial part of its property.
Bankruptcy and Liquidation. Neither this Agreement nor any interest therein is assignable or transferable by operation of law. If any proceedings under the Bankruptcy Act, as amended, is commenced by or against FRRS, or if FRRS is adjudged insolvent, or if FRRS makes any assignment for the benefit of its creditors, or if a writ of attachment or execution is levied on the Locomotive / Railcar, and is not released or satisfied within ten (10) days thereafter, or if a receiver is appointed in any proceeding or action to which FRRS is a party with authority to take possession FRRS’s assets, the Lessor may immediately repossess the Locomotive / Railcar and may, in addition, exercise any one or more of the remedies set forth in this Agreement. In such an event, this Agreement shall, at the option of the Lessor, without notice, immediately terminate and shall not be treated as an asset of FRRS after the exercise of said option.
Bankruptcy and Liquidation. 22. If Publisher files a petition under the bankruptcy laws, or makes an assignment of its assets for the benefit of its creditors or otherwise liquidates its business, or if a court determines that Publisher is legally bankrupt, this Agreement shall terminate and all rights granted to Publisher shall automatically revert to Author, subject to the provisions of Paragraphs 20(e) and (g).
Bankruptcy and Liquidation. If the Publisher is adjudicated as bankrupt or liquidates its business, this agreement shall thereupon terminate, and all rights granted to the Publisher shall automatically revert to the Author. Upon such termination, the Author, at Author's option, may purchase any manufacturing materials as well as any remaining book stock for one-half of their manufacturing costs. This option must be exercised by the Author within sixty (60) days of notice by the Publisher.
Bankruptcy and Liquidation. If the Consultant become bankrupt or insolvent or has a receiving order made against it or compounds with its creditors or being a corporation commences to be wound up (not being a member's voluntary winding up for the purposes of amalgamation or reconstruction) or has an administration order made against it or carry on its business under an administrator, a receiver a manager or liquidator for the benefit of their creditors or any of them, the Council shall be entitled forthwith to terminate the contract by notice to the Consultant or to any person in whom the Contract has become vested.
Bankruptcy and Liquidation. Neither this Agreement nor any interest therein is assignable or transferable by operation of law. If any proceedings under the Bankruptcy Act, as amended, is commenced by or against VTRR, or if VTRR is adjudged insolvent, or if VTRR makes any assignment for the benefit of its creditors, or if a writ of attachment or execution is levied on the 18, and is not released or satisfied within ten (10) days thereafter, or if a receiver is appointed in any proceeding or action to which VTRR is a party with authority to take possession VTRR’s assets, the Commission may immediately repossess the 18 and may, in addition, exercise any one or more of the remedies set forth in this Agreement. In such an event, this Agreement shall, at the option of the Commission, without notice, immediately terminate and shall not be treated as an asset of VTRR after the exercise of said option.
Bankruptcy and Liquidation. Tenderer is not in the proceedings of bankruptcy or liquidation, i.e. the previous bankruptcy proceedings. This criterion will be applied to each member of the group of tenderers and subcontractors.
Bankruptcy and Liquidation. Commence or consent to any proceeding seeking (i) to adjudicate it as bankrupt or insolvent, (ii) liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of its indebtedness under any law relating to bankruptcy, insolvency, or reorganization or relief of debtors, or (iii) the entry of an order for relief or the appointment of a receiver, trustee, or other similar official for it or for any substantial part of its property.
