Common use of Immediate Termination Clause in Contracts

Immediate Termination. Either Party may immediately terminate this Agreement (or at such Party’s option, the individual Orders or SOWs), by giving written notice of such termination to the other Party on the occurrence of the following events: (i) the other Party becomes the subject of a voluntary or involuntary petition in bankruptcy or any petition for similar relief; (ii) the appointment of a receiver or liquidator for the other Party’s property; (iii) an assignment by the other Party for the benefit of its creditors or the acknowledgment by the other Party that it is unable to meet its obligations on the maturity thereof;

Immediate Termination. Either Party may immediately terminate this Agreement (or at such Party’s option, the individual Orders or SOWs), by giving written notice of such termination to the other Party on the occurrence of the following events: (i) the other Party becomes the subject of a voluntary or involuntary petition in bankruptcy or any petition for similar relief; (ii) the appointment of a receiver or liquidator for the other Party’s property; (iii) an assignment by the other Party for the benefit of its creditors or the acknowledgment by the other Party that it is unable to meet its obligations on the maturity thereof;; or (iv) the other Party ceases to conduct business in the normal course.‌‌

Immediate Termination. Either Party may immediately terminate this Agreement (or at such Party’s option, the individual Orders or SOWs), by giving written notice of such termination to the other Party on the occurrence of the following events: (i) the other Party becomes the subject of a voluntary or involuntary petition in bankruptcy or any petition for similar relief; (ii) the appointment of a receiver or liquidator for the other Party’s property; (iii) an assignment by the other Party for the benefit of its creditors or the acknowledgment by the other Party that it is unable to meet its obligations on the maturity thereof;; or (iv) the other Party ceases to conduct business in the normal course.‌

Immediate Termination. Either Party may immediately terminate this Agreement (or at such Party’s option, the individual Orders or SOWs), by giving written notice of such termination to the other Party on the occurrence of the following events: (i) the other Party becomes the subject of a voluntary or involuntary petition in bankruptcy or any petition for similar relief; (ii) the appointment of a receiver or liquidator for the other Party’s property; (iii) an assignment by the other Party for the benefit of its creditors or the acknowledgment by the other Party that it is unable to meet its obligations on the maturity thereof;; (iv) the other Party ceases to conduct business in the normal course; or (v) any breach of Section 1.3(ii), (iv) or (vi).

Immediate Termination. Either Party may immediately terminate this Agreement (or at such Party’s option, the individual Orders or SOWs), by giving written notice of such termination to the other Party on the occurrence of the following events: (i) the other Party becomes the subject of a voluntary or involuntary petition in bankruptcy or any petition for similar relief; (ii) the appointment of a receiver or liquidator for the other Party’s property; (iii) an assignment by the other Party for the benefit of its creditors or the acknowledgment by the other Party that it is unable to meet its obligations on the maturity thereof;; or (iv) any breach of Section 1.3(ii), (iv) or (vi).

Immediate Termination. Either Party may immediately terminate this Agreement (or at such Party’s option, the individual Orders or SOWs), by giving written notice of such termination to the other Party on the occurrence of the following events: (i) the other Party becomes the subject of a voluntary or involuntary petition in bankruptcy or any petition for similar relief; (ii) the appointment of a receiver or liquidator for the other Party’s property; (iii) an assignment by the other Party for the benefit of its creditors or the acknowledgment by the other Party that it is unable to meet its obligations on the maturity thereof;; or (iv) the other Party ceases to conduct business in the normal course.

Immediate Termination. Either Party may immediately terminate this Agreement (or at such Party’s option, the individual Orders or SOWs), by giving written notice of such termination to the other Party on the occurrence of the following events: (i) the other Party becomes the subject of a voluntary or involuntary petition in bankruptcy or any petition for similar relief; (ii) the appointment of a receiver or liquidator for the other Party’s property; (iii) an assignment by the other Party for the benefit of its creditors or the acknowledgment by the other Party that it is unable to meet its obligations on the maturity thereof;; (iv) the other Party ceases to conduct business in the normal course; or (v) any breach of Section 1.4(iii), (v) or (vii).