Common use of Termination on Insolvency Clause in Contracts

Termination on Insolvency. The Commissioner may terminate this Agreement by giving written notice of termination to the Supplier if one or more of the circumstances set out in clause 37.1.2 exist. The circumstances giving rise to the Commissioner's right to terminate are: where the Supplier is a company, an Insolvency Event occurs in respect of the Supplier; where the Supplier is an individual, a Bankruptcy Event occurs in respect of the Supplier; where the Supplier is a partnership or a limited liability partnership and in respect of the Supplier: a proposal is made for a voluntary arrangement within Article 4 of the Insolvent Partnerships Order 1994 or a proposal is made for any other composition, scheme or arrangement with, or assignment for the benefit of, its creditors; or it is for any reason dissolved; or any applicable Insolvency Event or Bankruptcy Event occurs, such determination to made by the Commissioner in its sole discretion.

Termination on Insolvency. The Commissioner may terminate this Agreement by giving written notice of termination to the Supplier if one or more of the circumstances set out in clause 37.1.2 38.1.2 exist. The circumstances giving rise to the Commissioner's right to terminate are: where the Supplier is a company, an Insolvency Event occurs in respect of the Supplier; where the Supplier is an individual, a Bankruptcy Event occurs in respect of the Supplier; where the Supplier is a partnership or a limited liability partnership and in respect of the Supplier: a proposal is made for a voluntary arrangement within Article 4 of the Insolvent Partnerships Order 1994 or a proposal is made for any other composition, scheme or arrangement with, or assignment for the benefit of, its creditors; or it is for any reason dissolved; or any applicable Insolvency Event or Bankruptcy Event occurs, such determination to made by the Commissioner in its sole discretion.

Termination on Insolvency. The Commissioner may terminate this Agreement by giving written notice of termination to the Supplier if one or more of the circumstances set out in clause 37.1.2 42.1.2 exist. The circumstances giving rise to the Commissioner's right to terminate are: where the Supplier is a company, an Insolvency Event occurs in respect of the Supplier; where the Supplier is an individual, a Bankruptcy Event occurs in respect of the Supplier; where the Supplier is a partnership or a limited liability partnership and in respect of the Supplier: a proposal is made for a voluntary arrangement within Article 4 of the Insolvent Partnerships Order 1994 or a proposal is made for any other composition, scheme or arrangement with, or assignment for the benefit of, its creditors; or it is for any reason dissolved; or any applicable Insolvency Event or Bankruptcy Event occurs, such determination to made by the Commissioner in its sole discretion.

Termination on Insolvency. The Commissioner may terminate this Agreement by giving written notice of termination to the Supplier if one or more of the circumstances set out in clause 37.1.2 44.1.2 exist. The circumstances giving rise to the Commissioner's right to terminate are: where the Supplier is a company, an Insolvency Event occurs in respect of the Supplier; where the Supplier is an individual, a Bankruptcy Event occurs in respect of the Supplier; where the Supplier is a partnership or a limited liability partnership and in respect of the Supplier: a proposal is made for a voluntary arrangement within Article 4 of the Insolvent Partnerships Order 1994 or a proposal is made for any other composition, scheme or arrangement with, or assignment for the benefit of, its creditors; or it is for any reason dissolved; or any applicable Insolvency Event or Bankruptcy Event occurs, such determination to made by the Commissioner in its sole discretion.

Termination on Insolvency. The Commissioner may terminate this Agreement by giving written notice of termination to the Supplier if one or more of the circumstances set out in clause 37.1.2 39.1.2 exist. The circumstances giving rise to the Commissioner's right to terminate are: where the Supplier is a company, an Insolvency Event occurs in respect of the Supplier; where the Supplier is an individual, a Bankruptcy Event occurs in respect of the Supplier; where the Supplier is a partnership or a limited liability partnership and in respect of the Supplier: a proposal is made for a voluntary arrangement within Article 4 of the Insolvent Partnerships Order 1994 or a proposal is made for any other composition, scheme or arrangement with, or assignment for the benefit of, its creditors; or it is for any reason dissolved; or any applicable Insolvency Event or Bankruptcy Event occurs, such determination to made by the Commissioner in its sole discretion.