Common use of Termination for Bankruptcy or Assignment for the Benefit of Creditors Clause in Contracts

Termination for Bankruptcy or Assignment for the Benefit of Creditors. If Consultant files a voluntary petition in bankruptcy, is adjudicated bankrupt, or makes a general assignment for the benefit of creditors, the Authority may at its option and without further notice to, or demand upon Consultant, terminate this Agreement, and terminate each and every right of Consultant, and any person claiming rights by and through Consultant under this Agreement.

Termination for Bankruptcy or Assignment for the Benefit of Creditors. If Consultant Contractor files a voluntary petition in bankruptcy, is adjudicated bankrupt, or makes a general assignment for the benefit of creditors, the Authority may at its option and without further notice to, or demand upon ConsultantContractor, terminate this AgreementContract, and terminate each and every right of ConsultantContractor, and any person claiming rights by and through Consultant Contractor under this AgreementContract.