Insolvency of the Buyer. If: (i) the Buyer becomes insolvent, has a receiver, administrative receiver, administrator or manager appointed of the whole or any part of its assets or business, makes any composition or arrangement with its creditors, takes or suffers any similar action in consequence of debt or an order or resolution is made for its dissolution or liquidation (other than for the purpose of solvent amalgamation or reconstruction) or carries out or undergoes any analogous act or proceedings under an applicable foreign law; or (ii) the Buyer ceases, or threatens to cease to carry on business then, without prejudice to any other right or remedy available to the Supplier, the Supplier may treat any Contract as repudiated and/or withhold any further supply of Products and/or Services without any liability to the Buyer and, if any Products and/or Services have been supplied but not paid for, the price or fees shall become immediately due and payable notwithstanding any previous agreement or arrangement to the contrary.
Insolvency of the Buyer. 11.1 This clause applies if:
Insolvency of the Buyer. If the Buyer becomes insolvent has a receiver appointed of its business or is compulsorily or voluntarily wound up or if the Company bona fide believes that any of such events may occur the Company shall be entitled at its discretion without prejudice to any other remedy to suspend the performance of or terminate the Contract and in the event of termination to keep or take possession of any Goods and with its employees and/or agents to enter any premises of the Buyer (or any premises reasonably thought by the Company to be used by the Buyer) for the purpose of recovering Goods and the costs of recovering Goods shall be payable by the Buyer on demand.
Insolvency of the Buyer. 11.1 This condition shall apply if:
Insolvency of the Buyer. If: (i) the Buyer suspends its payments (in Danish "betalingsstandsning"), makes any composition or arrangement with its creditors (in Danish "tvangs- xxxxx frivillig akkord"), enters into bankruptcy proceedings (in Danish "konkurs") or undergoes any analogous act or proceedings under an applicable foreign law; then, without prejudice to any other right or remedy available to the Supplier, the Supplier may treat any Contract as repudiated and/or withhold any further supply of Products and/or Services without any liability to the Buyer and, if any Products and/or Services have been supplied but not paid for, the price or fees shall become immediately due and payable notwithstanding any previous agreement or arrangement to the contrary.
Insolvency of the Buyer. Without prejudice to other claims or rights, the Seller may terminate the contract without notice if the Buyer does not meet its payment obligations when due, or breaches any other material contractual obligation, ceases its business activity, or if bankruptcy or settlement proceedings are opened at the request of a third party.
Insolvency of the Buyer. If: (i) the Buyer becomes insolvent or bankrupt, receives an order for attachment, receivership, auction sale, provisional attachment, provisional disposition or any similar action on the whole or any part of its assets or business, takes or suffers proceedings for bankruptcy, civil rehabilitation, corporate arrangement or corporate reorganization or any similar proceedings, suffers disposition for delinquent tax, or makes a resolution to dissolution; or (ii) the Buyer ceases, or threatens to cease to carry on business then, without prejudice to any other right or remedy available to the Supplier, the Supplier may treat any Contract as repudiated and/or withhold any further supply of Products and/or Services without any liability to the Buyer and, if any Products and/or Services have been supplied but not paid for, the price or fees shall become immediately due and payable notwithstanding any previous agreement or arrangement to the contrary.
Insolvency of the Buyer. 13.1 If the Buyer fails to make payment for the Goods in accordance with the Contract or commits any other breach of the Contract or if any distress or execution shall be levied upon any of the Buyer's goods or if the Buyer offers to make any arrangement with its creditors or if any bankruptcy petition is presented against the Buyer or the Buyer is unable to pay its debts as they fall due or if, being a limited company, any resolution or petition to wind up the Buyer (other than for the purpose of amalgamation or reconstruction without insolvency) shall be passed or presented or if a receiver, administrator, administrative receiver or manager shall be appointed over the whole or any part of the Buyer's business or assets or if the Buyer shall suffer any analogous proceedings under foreign law all sums outstanding in respect of the Goods shall become payable immediately. The Seller may in its absolute discretion and without prejudice to any other rights which it may have:
Insolvency of the Buyer a. For the purposes of clauses 13.d.v and 13.e, the relevant events are:
