By events Sample Clauses
The "By events" clause defines how certain contractual rights or obligations are triggered or affected by the occurrence of specific events. In practice, this clause outlines which events—such as a breach, force majeure, or a change in law—will activate or modify the parties' duties under the agreement. For example, it may specify that if a particular event occurs, one party may terminate the contract or suspend performance. The core function of this clause is to provide clarity and predictability by linking contractual consequences to identifiable events, thereby managing risk and setting expectations for both parties.
By events. PayPal may terminate this Agreement immediately without notice if you:
8.3.1 Breach this Agreement or the User Agreement;
8.3.2 Become unable to pay or perform your obligations as they fall due;
8.3.3 Become insolvent under any insolvency law applicable to you;
8.3.4 Have any distraint, execution, attachment or similar action taken, levied or enforced against you or your assets, or if any garnishee order is issued or served on you;
8.3.5 Become the subject of any petition presented, order made or resolution passed to initiate any process under any insolvency law applicable to you in relation to all or a substantial part of your business, except where solvent amalgamation or reorganisation is proposed on terms previously approved by PayPal;
8.3.6 Lose full and unrestricted control over all or part of your assets because of the appointment of a receiver, manager, trustee, liquidator or similar officer;
8.3.7 Enter into or propose any composition or arrangement concerning your debts with your creditors (or any class of your creditors);
8.3.8 A material adverse change occurs in your business, operations, or financial condition; or
8.3.9 You provide inaccurate information in applying for your Product or in your dealings with us.
By events. PayPal may terminate this Agreement immediately without notice if you:
8.3.1 Breach this Agreement or the User Agreement;
8.3.2 Become unable to pay or perform your obligations as they fall due;
8.3.3 Become unable to pay your debts (within the meaning of section 123 of the Insolvency Act 1986), admit your inability to pay your debts or otherwise become insolvent;
8.3.4 Have any distraint, execution, attachment or similar action taken, levied or enforced against you or your assets, or if any garnishee order is issued or served on you;
8.3.5 Become the subject of any petition presented, order made or resolution passed for the liquidation, administration, bankruptcy or dissolution of all or a substantial part of your business, except where solvent amalgamation or reorganisation is proposed on terms previously approved by PayPal,
8.3.6 Lose full and unrestricted control over all or part of your assets because of the appointment of a receiver, manager, trustee, liquidator or similar officer;
8.3.7 Enter into or proposes any composition or arrangement concerning your debts with your creditors (or any class of its creditors);
8.3.8 A material adverse change occurs in your business, operations, or financial condition; or
8.3.9 You provide inaccurate information in applying for your Product or in your dealings with us.
By events. PayPal may terminate this Agreement immediately without notice if you:
1. Breach this Agreement or the User Agreement;
2. Become unable to pay or perform your obligations as they fall due;
3. Become unable to pay your debts (within the meaning of section 123 of the Insolvency Act 1986), admit your inability to pay your debts or otherwise become insolvent;
4. Have any distraint, execution, attachment or similar action taken, levied or enforced against you or your assets, or if any garnishee order is issued or served on you;
5. Become the subject of any petition presented, order made or resolution passed for the liquidation, administration, bankruptcy or dissolution of all or a substantial part of your business, except where solvent amalgamation or reorganisation is proposed on terms previously approved by PayPal,
6. Lose full and unrestricted control over all or part of your assets because of the appointment of a receiver, manager, trustee, liquidator or similar officer;
7. Enter into or proposes any composition or arrangement concerning your debts with your creditors (or any class of its creditors);
8. A material adverse change occurs in your business, operations, or financial condition; or
9. You provide inaccurate information in applying for your Product or in your dealings with us.
By events. PayPal may terminate this Card Agreement immediately without notice if you:
1. Breach this Card Agreement or the User Agreement;
2. Become unable to pay or perform your obligations under, this Card Agreement or any of the PayPal Agreements that apply to the Services;
3. Become unable to pay your debts, admit your inability to pay your debts or otherwise become insolvent;
4. Have any execution, attachment or similar action taken, levied or enforced against you or your assets, or if any garnishee order is issued or served on you;
5. Become the subject of any petition presented, order made or resolution passed for the liquidation, administration, bankruptcy or dissolution of all or a substantial part of your business, except where solvent amalgamation or reorganisation is proposed on terms previously approved by PayPal;
6. Lose full and unrestricted control over all or part of its assets because of the appointment of a receiver, manager, trustee, liquidator or similar officer;
7. Enter into or proposes any composition or arrangement concerning your debts with your creditors (or any class of its creditors);
8. A material adverse change occurs in your business, operations, or financial condition; or
9. You provide inaccurate information in applying for your Service or in your dealings with us;
10. We decide, in our discretion, that you become ineligible for the Services because there is a high level of risk associated with your PayPal account or for any other reason, or upon request by any Acquiring Institution or any of the Card Associations; or
11. You violate any Association Rules as they may be amended by the Card Associations from time to time.
By events. PayPal may terminate this Agreement immediately without notice if you:
a. Breach this Agreement or the User Agreement;
b. Become unable to pay or perform your obligations as they fall due;
c. Become subject to an acto concursal, after PayPal has sent to the administrator via a letter with acknowledgment of receipt a formal notice which remained unanswered, in accordance with applicable law;
d. A material adverse change occurs in your business, operations, or financial condition; or
e. You provide inaccurate information in applying for your Product or in your dealings with us.
By events. PayPal mayterminate this Agreement immediatelywithout notice if you:
a. Breach this Agreement or the User Agreement;
b. Become unable to payor perform your obligations as theyfall due;
c. Become subject to a procedure de redressement judiciaire, after PayPal has sent to the administrator via a letter with acknowledgment of receipt a formal notice which remained unanswered, in accordance with applicable law;
d. Amaterial adverse change occurs in your business, operations, or financial condition; or
e. You provide inaccurate information in applying for your Product or in your dealings with us.