Termination for Deterioration of Financial Condition. Either Party may immediately terminate this Agreement upon written notice to the other Party: (i) upon the filing by or with respect to the other Party of a petition in bankruptcy or insolvency under the Laws of any jurisdiction; (ii) a final adjudication that the other Party is bankrupt or insolvent; (iii) the filing or making of any statement or admission that the other Party is unable to pay its debts as they become due or that it is insolvent; or (iv) the making of any assignment for the benefit of creditors or similar process.
Appears in 4 contracts
Samples: Commercial Framework Agreement (Dell Technologies Inc.), Commercial Framework Agreement (Vmware, Inc.), Letter Agreement (Vmware, Inc.)
