GENERAL GROUNDS FOR TERMINATION. Either party may terminate this ------------------------------- Agreement in any of the following events: (i) the other party materially breaches this Agreement; (ii) the other party becomes insolvent or enters bankruptcy, receivership, liquidation, debtor initiated composition of creditors, dissolution, or similar proceeding; or (iii) a significant portion of the assets of the other party necessary for the performance of this Agreement becomes subject to attachment, embargo, or expropriation.
Appears in 2 contracts
Sources: Component Supply Agreement (Delco Remy International Inc), Component Supply Agreement (Delco Remy International Inc)