Common use of Termination for Bankruptcy Clause in Contracts

Termination for Bankruptcy. This Agreement may be terminated immediately by either party at the option of either party and without prejudice to any other remedy to which either party may be entitled at law, in equity or under this Agreement if either party:

Appears in 5 contracts

Samples: Amended And (Capital Corp of the West), Employment Agreement (Capital Corp of the West), Employment Agreement (Capital Corp of the West)

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Termination for Bankruptcy. This Agreement may be terminated immediately by either party Party immediately, or at any time thereafter by notice to the option other if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of either party and without prejudice its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to any other remedy to which either party may be entitled at law, in equity or under this Agreement if either party:carry on business.

Appears in 4 contracts

Samples: Manufacturing and Supply Agreement (Abraxis BioScience, Inc.), Manufacturing and Supply Agreement (Abraxis BioScience, Inc.), Manufacturing and Supply Agreement

Termination for Bankruptcy. This Agreement may be terminated immediately by either party Party, forthwith, or at any time thereafter by notice to the option other if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of either party and without prejudice its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to any other remedy to which either party may be entitled at law, in equity or under this Agreement if either party:carry on business.

Appears in 3 contracts

Samples: Collaboration Agreement (Cardax, Inc.), Collaboration Agreement (Cardax, Inc.), Collaboration Agreement (Cardax, Inc.)

Termination for Bankruptcy. This Agreement may be terminated immediately at any time during the Term by either party at Party upon the option other Party’s filing or institution of either party and without prejudice to any 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 remedy to which either party may be entitled at law, in equity or under this Agreement if either party:Party.

Appears in 3 contracts

Samples: Exclusive License Agreement (Five Prime Therapeutics Inc), Exclusive License Agreement (Five Prime Therapeutics Inc), Master Services Agreement (Five Prime Therapeutics Inc)

Termination for Bankruptcy. This Notwithstanding Section 7.1, this Agreement may be terminated immediately by either party Party, forthwith, or at any time thereafter by notice to the option other if the other becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of either party and without prejudice its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to any other remedy to which either party may be entitled at law, in equity or under this Agreement if either party:carry on business.

Appears in 2 contracts

Samples: Development and Supply Agreement (Sagent Holding Co.), Development and Supply Agreement (Sagent Holding Co.)

Termination for Bankruptcy. This Subject to applicable law, this Agreement may be terminated immediately by either party at Party upon written notice (i) upon the option other Party’s making an assignment for the benefit of either party and without prejudice creditors, or (ii) upon the other Party’s dissolution or ceasing to any other remedy to which either party may be entitled at law, in equity or under this Agreement if either party:do business.

Appears in 2 contracts

Samples: Telemedicine Services Agreement (American International Holdings Corp.), Master Services Agreement (Amesite Inc.)

Termination for Bankruptcy. This Agreement may be terminated immediately by be either party at the option of either party and without prejudice to any other remedy to which either party may be entitled at law, in equity or under this Agreement if either party:

Appears in 1 contract

Samples: Employment Agreement (Capital Corp of the West)

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Termination for Bankruptcy. This Agreement may shall automatically be terminated immediately by should either party at the option of either party and without prejudice to any other remedy to which either party may be entitled at law, in equity or under this Agreement if either party:Party

Appears in 1 contract

Samples: Supply Agreement (Summa Four Inc)

Termination for Bankruptcy. This Agreement may be terminated shall terminate immediately by either party at the option and automatically if an assignment is made of either party and without prejudice Party's business for the benefit of creditors; if a receiver, trustee in bankruptcy, or like official is appointed to any other remedy to which take all or part of either party may be entitled at law, in equity Party's property; or under this Agreement if either party:Party ceases doing business in the ordinary course.

Appears in 1 contract

Samples: Manufacturing and Sales License Agreement (Charlotte's Web Holdings, Inc.)

Termination for Bankruptcy. This Agreement Either Party may be terminated immediately by either party at the option of either party and without prejudice to any other remedy to which either party may be entitled at law, in equity or under terminate this Agreement if either party:immediately upon the occurrence of a Bankruptcy Event involving the other Party by providing written notice to the other Party.

Appears in 1 contract

Samples: Emsystems ® Use Agreement

Termination for Bankruptcy. This Agreement may be terminated immediately by either party at the his option of either party and without prejudice to any other remedy to which either party he may be entitled at law, in equity equity, or under this Agreement if either party:

Appears in 1 contract

Samples: Employment Agreement (Valley National Corp /De/)

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