Common use of For Insolvency Clause in Contracts

For Insolvency. Either party may terminate this Agreement by written notice in the event: (1) the other party voluntarily enters into proceedings in bankruptcy or insolvency; (2) the other party makes an assignment for the benefit of creditors; (3) a petition is filed against the other party under a bankruptcy law, a corporate reorganization law, or any other law for relief of debtors or similar law analogous in purpose or effect, which petition is not dismissed within one hundred and twenty (120) days of filing thereof; or (4) the other party *** Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with the Commission.

Appears in 4 contracts

Samples: Agreement (Alien Technology Corp), Agreement (Alien Technology Corp), Agreement (Alien Technology Corp)

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