Bankruptcy or Liquidation. In the Event of an Exhibitor becoming bankrupt or entering into liquidation other than for the purpose of reconstruction or amalgamation, or having a Receiver appointed, the Organiser shall be at liberty to terminate forthwith the contract with such an Exhibitor, and all sums paid by the Exhibitor under the contract shall be forfeited.
Bankruptcy or Liquidation. The license options granted hereunder shall immediately revert to MercExchange if the Company seeks protection under the Bankruptcy laws or is subject to liquidation under the laws of the United States.
Bankruptcy or Liquidation. The License Grant hereunder shall immediately revert to MercExchange if MercTravel seeks protection under Bankruptcy laws or is subject to liquidation under the laws of the United States.
Bankruptcy or Liquidation. If the CONTRACTOR shall become bankrupt or insolvent, or have a receiving order made against it, or present a petition in bankruptcy or make an arrangement with or an assignment in favour of its creditors, or shall agree to carry out the CONTRACT under a Committee of Inspection of its creditors, or commence to be wound up (not being a member's voluntary winding up for the sake of reconstruction), or shall carry on its business under a receiver for the benefit of its creditors or any of them then the OPERATOR shall be at liberty either
Bankruptcy or Liquidation. The membership interest and option granted hereunder shall immediately revert to MercExchange if the Company seeks protection under the Bankruptcy laws or is subject to liquidation under the laws of the United States.
Bankruptcy or Liquidation. Upon the event of: (a) any insolvency or bankruptcy proceedings, or any receivership, liquidation, reorganization or other similar proceedings with respect to the Company; (b) any proceedings for voluntary liquidation, dissolution or other winding up of the Company (whether or not involving insolvency or bankruptcy proceedings); or (c) any distribution, division or application, partial or complete, voluntary or involuntary, by operation of law or otherwise, of all or substantially all of the property, assets or business of the Company or the proceeds thereof to or for any creditor or creditors other than in the ordinary course of business (including without limitation any marshalling of assets), all Senior Debt shall be paid in full in cash (or other property acceptable to the holders of Senior Debt in their sole determination) before any payment or distribution, direct or indirect, whether in cash, securities, property or otherwise, shall thereafter be made on the Debentures; provided, however, that this provision shall not preclude the Lenders from (i) exercising their conversion rights under Section 6 hereof and receiving the Preferred Shares issuable upon such conversion, or (ii) exchanging the Debentures for other securities which are subordinated in right of payment to the Senior Debt on terms which are no more favorable to the Lenders than the terms of this Section 9.
Bankruptcy or Liquidation. If the Supplier being an individual (or being a firm, any partner in the firm) shall commit any act of bankruptcy or being a company becomes insolvent or makes an arrangement with its creditors or has a receiver appointed or a receiver and manager or administrator appointed or commences to be wound up whether compulsory or voluntary (other than for the purposes of bone fide amalgamation or reconstruction and the resultant company is or agrees to be bound by the terms hereof) then the Company shall be entitled to cancel this Purchase Order forthwith by notice in writing to the Supplier (or any receiver liquidator manager or administrator) without limiting the rights or remedies that may be available to the Company. On cancellation of this Purchase Order the Company shall be granted immediate access to all property owned by the Company such as tooling, jigs or fixtures. In the case of Bankruptcy or liquidation, any materials, parts or components that have been produced using the Company owned tooling, manufactured against the Company drawings or specifications or contain some element of the Company intellectual property shall not be disposed of other than by sale to the Company at the ruling contract price or a reasonable value for unfinished materials as long as this does not exceed the ruling contract price.
Bankruptcy or Liquidation. Should an Exhibitor being an individual firm become bankrupt have a receiving Order made against him or make any arrangements with his or their creditors, or being a limited company, go into liquidation (other than a voluntary liquidation for the purpose of amalgamation or reconstruction) or have an administrative receiver appointed, or an administrative order is made against the Exhibitor or its assets or the Exhibitor enters into any arrangement with its creditors or is unable to pay its debts as they become due the Contract with such Exhibitor shall terminate forthwith save that all Service Charge paid shall be forfeited and the balance of the Service Charge shall become due and payable forthwith and such termination shall be without prejudice to any claim of the Organisers against the Exhibitor in respect of any antecedent breach.
Bankruptcy or Liquidation. 12.1 If the Supplier being an individual (or being a firm, any partner in the firm) shall commit any act of bankruptcy or being a company becomes insolvent or makes an arrangement with its creditors or has a receiver appointed or a receiver and manager or administrator appointed or commences to be wound up whether compulsorily or voluntarily (other than for the purposes of bone fide amalgamation or reconstruction and the resultant company is or agrees to be bound by the terms hereof) then the Company shall be entitled to cancel this Purchase Order forthwith by notice in writing to the Supplier (or any receiver liquidator manager or administrator) without limiting the rights or remedies that may be available to the Company.
Bankruptcy or Liquidation. The Company makes an assignment for the benefit of creditors, or files or consents to the filing of a petition in bankruptcy under the [SPECIFY COUNTRY ACT/LAW/RULE]; or
