Termination for Insolvency or Bankruptcy. Such termination provided in Section 4.3 may be made by giving written notice to the affected Party in the event of: (i) the liquidation or insolvency of the affected Party; (ii) the appointment of a receiver or similar officer for the affected Party; (iii) an assignment by the affected Party for the benefit of all or substantially all of its creditors; (iv) entry by the affected Party into an agreement for the composition, extension, or readjustment of all or substantially all of its obligations; or (v) the filing of a meritorious petition in bankruptcy by or against the affected Party under any bankruptcy or debtors’ law for its relief or reorganization.
Appears in 4 contracts
Samples: Management Agreement (Bounty Investments, LLC), Management Agreement (Deerfield Capital Corp.), Management Agreement (Deerfield Capital Corp.)
