Common use of Contract Is Not an Asset Clause in Contracts

Contract Is Not an Asset. This Contract shall not be deemed to be an asset of either Party, and, at the option of a Party, shall terminate in the event of any voluntary or involuntary receivership, bankruptcy or insolvency proceedings affecting the other Party.

Appears in 10 contracts

Samples: Supply Contract (Hawaiian Electric Co Inc), Inter Island Supply Contract for Petroleum Fuels (Hawaiian Electric Co Inc), Inter Island Supply Contract for Petroleum Fuels (Hawaiian Electric Co Inc)

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Contract Is Not an Asset. This Contract shall not be deemed to be an asset of either Partyin, and, at the option of a Partyparty, shall terminate in the event of any voluntary or involuntary receivership, bankruptcy or insolvency proceedings affecting the other Partyparty.

Appears in 3 contracts

Samples: Hawaiian Electric Co Inc, Hawaiian Electric Industries Inc, Hawaiian Electric Industries Inc

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Contract Is Not an Asset. This Contract shall not be deemed to be an asset of either Partyparty, and, at the option of a Partyparty, shall terminate in the event of any voluntary or involuntary receivership, bankruptcy or insolvency proceedings affecting the other Partyparty.

Appears in 1 contract

Samples: Biodiesel Supply Contract (Imperium Renewables Inc)

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