Ipso Facto Clause Sample Clauses
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Ipso Facto Clause. If the receiver, including any liquidator or rehabilitator, of one of the parties assigns the rights or delegates the duties of this Agreement, and the assignee is the subject of Insolvency Proceedings then the other party may immediately terminate the Agreement without further performance.
Ipso Facto Clause. If the receiver of one of the Parties assigns the rights or delegates the duties of this Agreement, and the assignee becomes bankrupt, then the Other Party may immediately terminate the Agreement without further performance.
Ipso Facto Clause. If the receiver, including any liquidator or rehabilitator, of one of the parties assigns the rights or delegates the duties of this Assumption Agreement, and the assignee is the subject of Insolvency Proceedings then the other party may immediately terminate the Assumption Agreement without further performance.