Common use of Termination for Bankruptcy Clause in Contracts

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter.

Termination for Bankruptcy. To Notwithstanding anything in this Agreement to the extent allowed under applicable Lawcontrary, either Party shall have the right to may immediately terminate this Agreement in the event (or one or more of the commencement of any proceeding in licenses or for bankruptcy, insolvency, dissolution or winding up by or against portions thereof granted hereunder) if the other Party (is involved in any bankruptcy proceeding or any other than pursuant to a corporate restructuring) that proceeding concerning insolvency, dissolution, cessation of operations, reorganization, or indebtedness or the like and the proceeding is not dismissed or otherwise disposed of within sixty (60) days thereafterdays.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafterthereafter and/or the administrator of the bankruptcy estate or the Party under in-court restructuring has not, within five (5) days after the receipt of an inquiry from the other Party, confirmed that the bankruptcy estate or the Party under in-court restructuring will adopt this Agreement.

Termination for Bankruptcy. To the extent allowed under applicable Lawlaw, either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty one hundred and eighty (60180) days thereafter.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party Each party shall have the right to terminate this Agreement AGREEMENT immediately upon written notice if the other party files a petition, action or other proceeding seeking relief or protection under any bankruptcy laws, whether voluntary or involuntary; or the other party becomes insolvent, or is unable to pay its debts as due or ceases to conduct business in the event of the commencement of any normal course (however, if such petition, action or proceeding in is involuntary, then only if such petition, action or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that proceeding is not dismissed or otherwise disposed of within sixty (60) days thereafter.of filing);

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) [***] days thereafterafter the filing thereof.

Termination for Bankruptcy. To In the extent allowed under applicable Lawevent of any proceedings, voluntary or involuntary, in bankruptcy or insolvency, by or against Customer or BVL, or the appointment with or without the Parties’ consent of a receiver for either Party, the other Party shall have the right be entitled to immediately terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against upon written notice to the other Party (other than pursuant without any liability whatsoever. Such termination shall not affect any claim for damages available to a corporate restructuring) that is not dismissed the terminating Party or otherwise disposed of within sixty (60) days thereafterfor costs or fees accrued to date.

Termination for Bankruptcy. To the extent allowed permitted under applicable Law, either Party shall have the right to may terminate this Agreement in effective immediately with written notice if the event of the commencement of any proceeding in or other Party files for bankruptcy, insolvencyis adjudicated bankrupt, dissolution files a petition under insolvency Laws, is dissolved or winding up by or against the other Party (other than pursuant to has a corporate restructuring) that is not dismissed or otherwise disposed receiver appointed for substantially all of within sixty (60) days thereafterits property.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party Each party shall have the right to immediately terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against if the other Party party (other than pursuant a) is involuntarily made subject to a corporate restructuring) that is any bankruptcy or insolvency proceedings and such proceedings are not dismissed or otherwise disposed of within sixty (60) days thereafterof the filing of such proceedings or (b) voluntarily institutes any bankruptcy or insolvency proceedings, corporate reorganization, liquidation, assignment for the benefit of creditors, or appointment of a receiver or trustee.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter, subject to a Party’s rights and licenses that are retained under Section 2.7.

Termination for Bankruptcy. To the extent allowed under applicable Lawpermitted by law, either Party shall have the right to terminate this Agreement in shall automatically terminate upon the event of the commencement initiation of any proceeding in or for bankruptcy, insolvency, dissolution reorganization or winding up arrangement for the appointment of a receiver or trustee to take possession of the assets of either party or a similar proceeding under law for the release of creditors by or against either party, or if either party makes a general assignment for the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed benefit of within sixty (60) days thereafterits creditors.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Each Party shall have the right to terminate this Agreement in upon sixty (60) days’ prior written notice to the event other upon the occurrence of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against of the other Party (other than pursuant to a corporate restructuring) that is not dismissed dissolution or otherwise disposed winding up for the purpose of within sixty (60) days thereafterredomestication, reconstruction or amalgamation).

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days [**] thereafter.

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) [*****] days thereafterafter the filing thereof.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Either Party shall have the right to may terminate this Agreement in Agreement, effective immediately by providing a written termination notice to the event of the commencement of any proceeding in or for bankruptcyother Party, insolvency, dissolution or winding up by or against if the other Party (other than dissolves, liquidates, ceases to conduct business, or becomes insolvent or seeks protection pursuant to a corporate restructuring) that any bankruptcy, receivership, trust deed, creditors arrangement or comparable proceeding, or such proceeding is instituted against such Party and not dismissed or otherwise disposed of within sixty (60) days thereafterdays.

Termination for Bankruptcy. To the extent allowed under applicable Lawlaw, either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) [**] days thereafter.

Termination for Bankruptcy. To the extent allowed permitted under applicable Law, either Party shall have the right to may terminate this Agreement in its entirety effective immediately with written notice if the event of the commencement of any proceeding in or other Party files for bankruptcy, insolvencyis adjudicated bankrupt, dissolution files a petition under insolvency Laws, is dissolved or winding up by or against the other Party (other than pursuant to has a corporate restructuring) that is not dismissed or otherwise disposed receiver appointed for substantially all of within sixty (60) days thereafterits property.

Termination for Bankruptcy. To This Agreement shall be automatically terminated without the extent allowed need for action by any Party if a Party becomes insolvent, makes any assignment for the benefit of creditors, goes into liquidation or has a receiver or trustee appointed for the benefit of creditors, whether voluntary or otherwise, or seeks the protection of, or has a proceeding instituted against it, under applicable Lawthe bankruptcy code, either Party shall have the right to terminate this Agreement in the event of the commencement of or any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereaftersimilar statute.

Termination for Bankruptcy. To the extent allowed under applicable Lawlaw, either Party shall have the right to terminate this Agreement in the event of the commencement of any 69 proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty one hundred and eighty (60180) days thereafter.

Termination for Bankruptcy. To This Agreement shall be deemed immediately terminated, without the extent allowed under applicable Lawrequirement of further action or notice by either Party, either Party shall have the right to terminate this Agreement in the event that either Party, or a direct or indirect holding company of the commencement of any proceeding in either Party, shall become subject to voluntary or for involuntary bankruptcy, insolvency, dissolution receivership, conservatorship or winding up similar proceedings (including, without limitation, the takeover of such Party by or against the other Party (other than applicable regulatory agency) pursuant to a corporate restructuring) that is not dismissed applicable state or otherwise disposed of within sixty (60) days thereafterFederal law.

Termination for Bankruptcy. To the extent allowed permitted under applicable Law, either Party shall have the right to may terminate this Agreement in effective immediately with written notice if the event of the commencement of any proceeding in or other Party shall file for bankruptcy, insolvencyshall be adjudicated bankrupt, dissolution shall file a petition under insolvency Laws, shall be dissolved or winding up by or against the other Party (other than pursuant to shall have a corporate restructuring) that is not dismissed or otherwise disposed receiver appointed for substantially all of within sixty (60) days thereafterits property.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party Either party shall have the right to terminate this Agreement immediately upon written notice to the other party in the event that the other party becomes insolvent, proposes any dissolution, liquidation, composition, financial reorganization or recapitalization with creditors, makes an assignment for benefit of creditors, or if any similar agent is appointed or takes possession with respect to any property or business of the commencement of said other party, or has filed against it a petition under any proceeding in bankruptcy code or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that insolvency law which is not dismissed or otherwise disposed of within sixty (60) days thereafterdays.

Termination for Bankruptcy. To This Agreement may be terminated, to the extent allowed under permitted by applicable Lawlaw, by either Party shall have upon the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party subject to such proceeding consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) 90 days thereafterafter the filing thereof.