Common use of Termination for Bankruptcy Clause in Contracts

Termination for Bankruptcy. This Agreement may be terminated by written notice by either Party at any time during the term of this Agreement if the other Party shall file in any court or Agency, pursuant to any statute or regulation of any state or country, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

Termination for Bankruptcy. This Each Party shall have the right to terminate this Agreement may be terminated by immediately upon written notice by either Party at any time during to the term of this Agreement other Party, if the other Party shall file in any court or Agency, agency pursuant to any statute or regulation of any state or country, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that such other Party or of substantially all of its assets, or if the such other Party proposes a written agreement of composition or extension of substantially all of its debts, or if the such other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty ninety (6090) days after the filing thereof, or if the such other Party shall propose or be a Party party to any dissolution or liquidation, or if the such other Party shall make an assignment of substantially all of its assets for the benefit of its creditors.

Termination for Bankruptcy. This Either Party may, but is not required to, terminate this Agreement may be terminated by written notice by either Party if, at any time during the term of this Agreement if time, the other Party shall file in any court or Agency, agency pursuant to any statute or regulation of any state state, country or countryjurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

Termination for Bankruptcy. This Either Party may, subject to the provisions set forth herein, terminate this Agreement may be terminated by giving the other Party written termination notice by either Party if, at any time during the term of this Agreement if time, the other Party shall (a) file in any court or Agency, pursuant to any statute or regulation of any state or country, a voluntary petition in for bankruptcy or insolvency insolvency, or for reorganization in bankruptcy, or for an arrangement or for the appointment of a receiver receiver, trustee or trustee administrator of that such Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall (b) be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall (c) propose or be a Party party to any dissolution or liquidationdissolution, or if the other Party shall (d) make an a general assignment for the benefit of its creditors.

Termination for Bankruptcy. This Either Party may terminate this Agreement may be terminated by written notice by either Party if, at any time during the term of this Agreement if time, the other Party shall file files in any court or Agency, agency pursuant to any statute or regulation of any state or country, country a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that the other Party or of substantially all of its assets, ; or if the other Party proposes a written agreement of composition or extension of substantially all of its debts, ; or if the other Party shall will be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall will not be dismissed within sixty ninety (6090) days after the filing thereof, ; or if the other Party shall will propose or be a Party party to any dissolution or liquidation, ; or if the other Party shall will make an assignment of substantially all of its assets for the benefit of its creditors.

Termination for Bankruptcy. This Either Party may terminate this Agreement may be terminated by written notice by either Party if, at any time during the term of this Agreement if time, the other Party shall file in any court or Agency, agency pursuant to any statute or regulation of any state state, country or countryjurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that such other Party or of its such other Party’s assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed or stayed within sixty (60) calendar days after the filing thereof, or if the other Party shall will propose or be a Party party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

Termination for Bankruptcy. This Either Party may terminate this Agreement may be terminated by written notice by either Party if, at any time during the term of this Agreement if time, the other Party shall file in any court or Agency, agency pursuant to any statute or regulation of any state state, country or countryjurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that such other Party or of its such other Party’s assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall will propose or be a Party party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

Termination for Bankruptcy. This Either Party shall have the right to terminate this Agreement may be terminated in its entirety, by and effective immediately, upon written notice by either Party to the other Party, if, at any time during the term of this Agreement if the time, (a) such other Party or its parent company shall file in any court or Agency, agency pursuant to any statute or regulation of any state or country, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that such other Party or of its assets, or (b) if the such other Party proposes a written agreement of composition or extension of its debts, or if the other Party parent company shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed or stayed within sixty ninety (6090) days after the filing thereof, thereof or (c) if the such other Party shall propose or be a Party to any dissolution or liquidation, or if the other Party its parent company shall make an a general assignment for the benefit of its creditors.

Termination for Bankruptcy. This Either Party may, subject to the provisions herein, terminate the Collaboration and this Agreement may be terminated by written notice by either Party if, at any time during the term of this Agreement if time, the other Party shall file in any court or Agency, pursuant to any statute or regulation of any state or countrystatute, a petition in bankruptcy or insolvency or for reorganization in bankruptcy or for an arrangement or for the appointment of a receiver or trustee of that such Party or of its assets, or if the other such Party proposes a written agreement of composition or extension of its debts, or if the other such Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other such Party shall propose or be a Party party to any dissolution or liquidationdissolution, or if the other such Party shall make an assignment for the benefit of its creditors.

Termination for Bankruptcy. This Either party may terminate this Agreement may be terminated by written notice by either Party if, at any time during the term of this Agreement if time, the other Party party shall file in any court or Agency, agency pursuant to any statute or regulation of any state or country, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party the party or of its assets, or if the other Party party proposes a written agreement of composition or extension of its debts, or if the other Party party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within with sixty (60) days after the filing thereof, or if the other Party party shall propose or be a Party party to any dissolution or liquidation, or if the other Party party shall make an assignment for the benefit of its creditors.

Termination for Bankruptcy. This Either Party may terminate this Agreement may be terminated by written notice by either Party if, at any time during the term of this Agreement if time, the other Party shall file in any court or Agency, agency pursuant to any statute or regulation of any state or country, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that the Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.

Termination for Bankruptcy. This Either party may terminate this Agreement may be terminated by written notice by either Party if, at any time during the term of this Agreement if time, the other Party party shall (i) file in any court or Agency, agency pursuant to any statute or regulation of any state state, country or countryjurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party party or of its assets, or if the other Party proposes (ii) propose a written agreement of composition or extension of its debts, or if the other Party shall (iii) be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall has not be been dismissed within sixty (60) days after the filing thereof, or if the other Party shall (iv) propose or be a Party party to any dissolution or liquidation, or if the other Party shall (v) make an assignment for the benefit of its creditorscreditors or (vi) admit in writing its inability generally to meet its obligations as they fall due in the general course.

Termination for Bankruptcy. This Agreement may be terminated by ​ ​ ​ written notice by either Party at any time during the term of this Agreement if the other Party shall file in any court or Agency, pursuant to any statute or regulation of any state or country, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of that Party or of its assets, or if the other Party proposes a written agreement of composition or extension of its debts, or if the other Party shall be served with an involuntary petition against it, filed in any insolvency proceeding, and such petition shall not be dismissed within sixty (60) days after the filing thereof, or if the other Party shall propose or be a Party to any dissolution or liquidation, or if the other Party shall make an assignment for the benefit of its creditors.