Insolvency; Bankruptcy. Either Party may terminate immediately this Agreement in the event that the other Party (a) becomes insolvent; (b) makes an assignment for the benefit of creditors; (c) files or has filed against it a petition in bankruptcy; (d) has a receiver appointed for its assets; or (e) is dissolved or liquidated.
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Insolvency; Bankruptcy. Either Party may terminate immediately this Agreement in the event that the other Party (a) becomes is adjudicated insolvent; (b) makes an assignment for the benefit of creditors; (c) files or has filed against it a petition in bankruptcy which, in the case of an involuntary petition in bankruptcy, is not dismissed within 90 days; (d) has a receiver appointed for its assets; or (e) is dissolved or liquidated.
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Insolvency; Bankruptcy. Either Party may terminate immediately this Agreement in In the event that the other Party that: (a) either Party becomes insolvent; (b) insolvent or enters into any arrangement or composition with creditors, or makes an assignment for the benefit of creditors; (cb) files there is a dissolution, liquidation or has filed against it a petition in bankruptcy; (d) has a receiver appointed for its assetswinding up of either Party's business; or (ec) a trustee in bankruptcy of the assets of either Party is dissolved or liquidatedappointed, the other Party may terminate this Agreement immediately by giving written notice of termination to the first Party.
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Samples: Distribution and Marketing Agreement (MusclePharm Corp)
Insolvency; Bankruptcy. Either Party may terminate immediately this Agreement in the event that the other Party (a) becomes insolvent; (b) makes an assignment for the benefit of creditors; (c) files or has filed against it a petition in bankruptcy; (d) has a receiver appointed for its assets; or (e) is dissolved or liquidated.
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