Termination in the Event of Bankruptcy. Either Party may terminate this Agreement if the other Party is adjudged insolvent or bankrupt, or if proceedings are instituted by or against a Party seeking relief, reorganization or arrangement under any laws relating to insolvency, or seeking any assignment for the benefit of creditors, or seeking the appointment of a receiver, liquidator or trustee of a Party's property or assets or the liquidation, dissolution or winding up of a Party's business.
Termination in the Event of Bankruptcy. Either Party may terminate this Agreement immediately upon notice to the other Party, and without incurring any liability, if the non- terminating Party has: (i) been adjudicated bankrupt; (ii) filed a voluntary petition in bankruptcy or had an involuntary petition filed against it in bankruptcy; (iii) made an assignment for the benefit of creditors; (iv) had a trustee or receiver appointed for it; (v) becomes insolvent; or (vi) any part of its property is put under receivership.
Termination in the Event of Bankruptcy. Upon one (1) month's notice, CBS may terminate this Agreement if a petition in bankruptcy is filed by or on behalf of Broadcaster, or Broadcaster otherwise takes advantage of any insolvency law, or an involuntary petition in bankruptcy if filed against Broadcaster and not dismissed within thirty (30) days thereafter, or if a receiver or trustee of any of Broadcaster's property is appointed at any time and such appointment is not vacated within thirty (30) days thereafter (it being understood that Broadcaster will have a similar right of termination upon the occurrence of any such event with respect to CBS).
Termination in the Event of Bankruptcy. In the event that either party becomes a debtor in any proceeding under the U.S. Bankruptcy Code or in any similar state insolvency or reorganization proceeding, then this Agreement shall terminate, at the option of the other party, without further notice (except where notice is permitted by applicable bankruptcy law without court approval, in which case the terminating party shall deliver written notice of termination).
Termination in the Event of Bankruptcy. Registry may terminate this Agreement if the Registrar is adjudged insolvent or bankrupt, or if proceedings are instituted by or against the Registrar seeking relief, reorganization, or arrangement under any laws relating to insolvency, or seeking any assignment for the benefit of creditors, or seeking the appointment of a receiver, liquidator, or trustee of the Registrar’s property or assets or the liquidation, dissolution, or winding up of the Registrar’s business.
Termination in the Event of Bankruptcy. In the event that the Company is the subject of, (i) any bankruptcy proceeding, (ii) assignment for the benefit of creditors, (iii) a general cessation of operations, or (iv) any other determination that the Company is insolvent and unable to continue its normal business functions and activities (individually and/or collectively "Bankruptcy"); and such Bankruptcy is the cause for termination of this Agreement, then the Company shall pay to Executive $50,000 as a severance payment, to the greatest extent such payment is allowed by applicable law and/or any court of competent jurisdiction.
Termination in the Event of Bankruptcy. If either Party files a petition in bankruptcy for liquidation, or ceases doing business in the ordinary course, this Agreement shall terminate forthwith.
Termination in the Event of Bankruptcy. URIGEN acknowledges that KALIUM is subject to Title 11, U.S. Code (the “Bankruptcy Code”), and for the purposes of Section 365(n) of the Bankruptcy Code, all rights granted pursuant to this License Agreement are and shall be deemed to be, licenses and rights to “intellectual property” as defined under Section 101 of the Bankruptcy Code. KALIUM acknowledges that URIGEN, as licensee, shall retain and may fully exercise all of its rights and elections under the Bankruptcy Code. KALIUM acknowledges that URIGEN is subject to the Bankruptcy and Insolvency Act (Canada), R.S., 1985, c. B-3 and that in the event that URIGEN voluntarily ceases operations or ceases operation due to a liquidation bankruptcy thereunder, then KALIUM may immediately terminate this Agreement by written notice to URIGEN, upon which the Licensed Patent Rights and Licensed Technology shall revert back to KALIUM, provided, however, that KALIUM may not terminate this Agreement under this paragraph 8.4 should URIGEN reorganize under the Bankruptcy and Insolvency Act (Canada) or Title 11 of the U.S. Code (the “Bankruptcy Code”).
Termination in the Event of Bankruptcy. If Licensee files a voluntary petition of bankruptcy, (ii) an order for relief under the Bankruptcy Code or other insolvency law is entered against Licensee which order is not vacated within 20 days, (iii) Licensee is adjudicated as bankrupt, (iv) a petition in bankruptcy is filed against Licensee which petition is not dismissed within 90 days from the filing thereof, (v) Licensee become insolvent or makes an assignment for the benefit of its creditors or an arrangement pursuant to any bankruptcy or insolvency law, or (vi) if a receiver is appointed for it or its business, the license hereby granted shall automatically terminate forthwith without any notice whatsoever being necessary. Should this Agreement be so terminated, Licensee, its administrator, successors, or assigns shall have no right to sell, exploit or in any way deal with or in any Products covered by this agreement or any written or printed or tangible matter bearing the IP, except with and under the special consent and instructions in writing of Nabisco.
Termination in the Event of Bankruptcy. This Agreement may be terminated by either party on notice, (i) upon the institution by the other party of insolvency, receivership or bankruptcy proceedings or any other proceedings for the settlement of the debts, (ii) upon the institution of such proceedings against the other party, which are not dismissed or otherwise resolved in such party's favour within sixty (60) days thereafter, (iii) upon the other party's making a general assignment for the benefit of creditors, or (iv) upon the other party's dissolution or ceasing to do business in the normal course.
