Common use of Termination Upon Insolvency Clause in Contracts

Termination Upon Insolvency. This Agreement may be terminated by either Party upon notice to the other Party should such other Party: (a) consent to the appointment of a receiver or a general assignment for the benefit of creditors, or (b) file or consent to the filing of a petition under any bankruptcy or insolvency law or have any such petition filed against it which has not been stayed within sixty (60) days of such filing.

Termination Upon Insolvency. This Agreement may be terminated by either Party upon notice to the other Party should such other Party: (ai) consent to the appointment of a receiver or a general assignment for the benefit of creditors, or (bii) file or consent to the filing of a petition under any bankruptcy or insolvency law or have any such petition filed against it which has not been stayed within sixty (60) [***] days of such filing.

Termination Upon Insolvency. This Either Party may terminate this Agreement may be terminated by either Party upon notice to if, at any time, (a) the other Party should such other Party: (a) consent shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or a general assignment for trustee of that Party or of its assets, [***] Certain information on this page has been omitted and filed separately with the benefit of creditors, or (b) file or consent Securities and Exchange Commission. Confidential treatment has been requested with respect to the filing of a petition under any bankruptcy or insolvency law or have any such petition filed against it which has not been stayed within sixty (60) days of such filingomitted portions.

Termination Upon Insolvency. This Agreement may be terminated immediately by either Party upon notice to party if the other Party should such other Partyparty: (ai) consent admits in writing its inability to the appointment of a receiver or a general assignment for the benefit of creditorspay its debts generally as they become due, or (bii) file or consent to the filing of files a petition under any bankruptcy or insolvency law or have any such has a petition filed against it in bankruptcy or any similar action under relevant bankruptcy or insolvency proceedings which has is not been stayed dismissed within sixty (60) days of such filing.ninety

Termination Upon Insolvency. This Either Party may terminate this Agreement may be terminated by either Party upon written notice to the Other, and regard the other Party should such as in default of this Agreement, if the other Party: (a) consent to the appointment of a receiver or Party becomes insolvent, makes a general assignment for the benefit of creditors, files a voluntary petition of bankruptcy, suffers or (b) file or consent to permits the filing appointment of a petition receiver for its business or assets, or becomes subject to any proceeding under any bankruptcy or insolvency law law, whether domestic or have any such petition filed against it which foreign, or has not been stayed within sixty (60) days of such filingwound up or liquidated its business, voluntarily or otherwise.

Termination Upon Insolvency. This Either Party may terminate this Agreement may be terminated by either Party in its entirety upon written notice to the other Party should upon or after the insolvency, bankruptcy, dissolution or winding up of such other Party: (a) consent , or the making or seeking to the appointment of a receiver make or a general arrange an assignment for the benefit of creditorscreditors of such other Party, or (b) file the initiation of proceedings in voluntary or consent to the filing involuntary bankruptcy, which proceeding or action remains undismissed or unstayed for a period of a petition under any bankruptcy or insolvency law or have any such petition filed against it which has not been stayed within sixty (60) days of such filingmore than 60 days.

Termination Upon Insolvency. This Either party may terminate this Agreement may be terminated by either Party upon notice to if, at any time, the other Party should such other Party: (a) consent party shall file in any court or agency pursuant to any statute or regulation of any state, country or jurisdiction, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or a general assignment for the benefit trustee of creditors, or (b) file or consent to the filing of a petition under any bankruptcy or insolvency law or have any such petition filed against it which has not been stayed within sixty (60) days of such filing.that party -73-

Termination Upon Insolvency. This Agreement may be terminated by either Party upon notice to the other Party should such other Party: (a) consent to the appointment of a receiver or a general assignment for the benefit of creditors, or (b) file or consent to the filing of a petition under any bankruptcy or insolvency law or have any such petition filed against it which has not been stayed within sixty (60) days of such filing. ----------------------------------- * Confidential treatment requested.

Termination Upon Insolvency. This Agreement may be terminated by either Party party upon notice to the other Party should such the other Party: party (a) consent to the appointment of a receiver or a general assignment for the benefit of creditors, or (b) file or consent to the filing of a petition under any bankruptcy or insolvency law or have any such petition filed against it which has not been stayed within sixty (60) days of such filing.