Common use of Termination for Bankruptcy Clause in Contracts

Termination for Bankruptcy. This Agreement will terminate immediately, upon written notice, where (a) either party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for bankruptcy or reorganization or an arrangement with creditors is filed by or against that party and is not dismissed within sixty (60) days.

Termination for Bankruptcy. This Either party may terminate this Agreement will terminate immediately, effective upon written notice, where (a) either notice to the other party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for in the event the other party declares bankruptcy or reorganization becomes the subject of any voluntary or an arrangement with creditors is filed by involuntary proceeding under the U.S. Bankruptcy Code or against that party any state insolvency proceeding, and such proceeding is not dismissed terminated within sixty one hundred twenty (60120) daysdays of its commencement.

Termination for Bankruptcy. This Either party may terminate this -------------------------- Agreement will terminate immediately, effective upon written notice, where (a) either notice to the other party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for in the event the other party declares bankruptcy or reorganization becomes the subject of any voluntary or an arrangement with creditors is filed by involuntary proceeding under the U.S. Bankruptcy Code or against that party any state insolvency proceeding, and such proceeding is not dismissed terminated within sixty one hundred twenty (60120) daysdays of its commencement.

Termination for Bankruptcy. This In the event either Party files for bankruptcy, this Agreement will terminate immediately, upon may be terminated with thirty (30) days written notice, where (a) either party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition notice to the Party filing for bankruptcy or reorganization or an arrangement with creditors is filed by or against that party and is not dismissed within sixty (60) daysbankruptcy.

Termination for Bankruptcy. This Either party may, to the extent permitted by applicable law, terminate this Agreement will terminate immediately, immediately upon written notice, where (a) either notice to the other party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) in the event that the other party has a petition for in bankruptcy or reorganization or an arrangement with creditors is filed by or against it that party and is not dismissed within sixty (60) days60 days of such filing, files a petition in bankruptcy, or makes an assignment for the benefit of creditors.

Termination for Bankruptcy. This Agreement will terminate immediately, upon written notice, where (a) either party If a Party is declared bankrupt or insolvent or adjudged bankrupt by a court of competent jurisdiction; , or is dissolved or liquidated due to adverse financial conditions, the other Party may terminate this Agreement upon at least thirty (b30) a petition for bankruptcy or reorganization or an arrangement with creditors is filed by or against that party and is not dismissed within sixty (60) daysdays prior written notice to such Party.

Termination for Bankruptcy. This Agreement will terminate immediately, upon written notice, where if (a) either party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; , or (b) a petition for bankruptcy or reorganization or an arrangement with creditors is filed by or against that party and is not dismissed within sixty (60) 60 days.

Termination for Bankruptcy. This Either party may terminate this Agreement will terminate immediatelyby written notice given to the other party, upon written notice, where in the event the other party (ai) either party is declared insolvent or adjudged bankrupt by files a court of competent jurisdictionpetition in bankruptcy; or (bii) has a petition for in bankruptcy or reorganization or an arrangement with creditors is filed against it by or against that party and any third party, which is not dismissed within sixty (60) days. Termination pursuant to this Section shall take effect on the date notice by the terminating party is deemed given.

Termination for Bankruptcy. This Either party may terminate this Agreement will terminate immediately, immediately upon written notice, where (a) either notice to the other party is declared insolvent in the event that the other party makes an assignment for the benefit of creditors or adjudged bankrupt by a court of competent jurisdiction; or (b) has a petition in bankruptcy filed for bankruptcy or reorganization or an arrangement with creditors is filed by or against it that party and is not dismissed within sixty ninety (6090) daysdays of such filing.

Termination for Bankruptcy. This Agreement will shall terminate immediately, upon written notice, where (a) either party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for bankruptcy or reorganization or an arrangement with creditors is filed by or against that party and is not dismissed within sixty (60) days.

Termination for Bankruptcy. This Either party may terminate this Agreement will terminate immediately, immediately upon written notice, where (a) either notice to the other party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) in the event that the first party has a petition for in bankruptcy or reorganization or an arrangement with creditors is filed by or against it that party and is not dismissed within sixty (60) days60 days of such filing, files a petition in bankruptcy or makes an assignment for the benefit of creditors.

Termination for Bankruptcy. This Agreement will terminate immediatelymay be terminated by either party, upon on fifteen (15) days written notice, where (a) either party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for bankruptcy or if any proceeding in bankruptcy, reorganization or an arrangement with for the appointment of a receiver or trustee to take possession of the other party’s assets or by similar proceeding under the law for release of creditors is filed shall be instituted by or against that the other party and is not dismissed within sixty (60) daysor if the other party shall make an assignment for the benefit of its creditors.

Termination for Bankruptcy. This Either party may terminate this Agreement will terminate immediatelyby giving written notice to the other party if the other party becomes insolvent, upon written noticemakes an assignment for the benefit of creditors, where (a) either party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) a bankruptcy petition for bankruptcy or reorganization or an arrangement with creditors is filed by or against that party it (and is not dismissed stayed within sixty (60) 90 days).

Termination for Bankruptcy. This Either party may terminate this Agreement will terminate immediately, upon written notice, where (a) either notice to the other party is declared insolvent if the other party becomes involved in any voluntary or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for involuntary bankruptcy or reorganization or other insolvency proceeding (including an arrangement with creditors is filed by or against that party assignment for the benefit of creditors) and such proceeding is not dismissed within sixty (60) daysdays following its commencement.

Termination for Bankruptcy. This Either party may terminate this Agreement will terminate immediately, -------------------------- upon written notice, where (a) either notice to the other party is declared insolvent if the other party becomes involved in any voluntary or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for involuntary bankruptcy or reorganization or other insolvency proceeding (including an arrangement with creditors is filed by or against that party assignment for the benefit of creditors) and such proceeding is not dismissed within sixty (60) daysdays following its commencement.

Termination for Bankruptcy. This Either party may terminate this Agreement will terminate immediately, effective upon written notice, where (a) either notice to the other party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for in the event the other party declares bankruptcy or reorganization becomes the subject of any voluntary or an arrangement with creditors is filed by involuntary proceeding under the U.S. Bankruptcy Code, foreign equivalent or against that party state insolvency proceeding and such proceeding is not dismissed terminated within sixty (60) days[*****] of its commencement.

Termination for Bankruptcy. This Either party may terminate this Agreement will terminate immediatelyupon forty-five (45) days written notice in the case of bankruptcy, upon written noticeinsolvency, where (a) either party is declared insolvent dissolution, or adjudged bankrupt by a court winding up of competent jurisdiction; or (b) a petition for bankruptcy or reorganization or an arrangement with creditors is filed by or against that party and is not dismissed within sixty (60) daysthe other Party.

Termination for Bankruptcy. This Either party may terminate this Agreement will terminate immediately, effective upon written notice, where (a) either notice to the other party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for in the event the other party declares bankruptcy or reorganization becomes the subject of any voluntary or an arrangement with creditors is filed by involuntary proceeding under the U.S. Bankruptcy Code, foreign equivalent or against that party state insolvency proceeding and such proceeding is not dismissed terminated within sixty (60) days[*] of its commencement.

Termination for Bankruptcy. This Either party may terminate this -------------------------- Agreement will terminate immediately, effective upon written notice, where (a) either notice to the other party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for in the event the other party declares bankruptcy or reorganization becomes the subject of any voluntary or an arrangement with creditors is filed by involuntary proceeding under the U.S. Bankruptcy Code, foreign equivalent or against that party state insolvency proceeding and such proceeding is not dismissed terminated within sixty ten (6010) daysdays of its commencement.

Termination for Bankruptcy. This Either party may terminate this Agreement will terminate immediately, effective upon written notice, where (a) either notice to the other party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for in the event the other party declares bankruptcy or reorganization becomes the subject of any voluntary or an arrangement with creditors is filed by involuntary proceeding under the U.S. Bankruptcy Code or against that party state insolvency proceeding, and such proceeding is not dismissed terminated within sixty one hundred twenty (60120) daysdays of its commencement.

Termination for Bankruptcy. This Either party may terminate this Agreement will terminate immediately, upon written notice, where (a) either notice to the other party is declared insolvent if the other party becomes involved in any voluntary or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for involuntary bankruptcy or reorganization or other insolvency proceeding (including an arrangement with creditors is filed by or against that party assignment for the benefit of creditors) and such proceeding is not dismissed within sixty (60) days60 days following its commencement.

Termination for Bankruptcy. This Agreement will terminate immediatelymay be terminated by either party, upon on fifteen (15) days written notice, where (a) either party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for bankruptcy or if any proceeding in bankruptcy, reorganization or an arrangement with for the appointment of a receiver or trustee to take possession of the other party’s assets or similar proceeding under the law for release of creditors is filed shall be instituted by or against that the other party and is not dismissed within sixty (60) daysor if the other party shall make an assignment for the benefit of its creditors.

Termination for Bankruptcy. This Agreement will terminate immediately, upon written notice, where (a) either party is declared insolvent or adjudged bankrupt by a court of competent jurisdiction; or (b) a petition for bankruptcy or reorganization or an arrangement with creditors is filed by or against that party and is not dismissed within sixty (60) 60 days.. In Process