Common use of Termination for Bankruptcy Clause in Contracts

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter.

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter[***] after the filing thereof.

Termination for Bankruptcy. To A Party may terminate this Agreement upon written notice upon the extent allowed under applicable Lawfiling or institution of bankruptcy, either Party shall have reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty ninety (6090) days thereafterafter the filing thereof (or such other period as the Parties may mutually agree in writing).

Termination for Bankruptcy. To Notwithstanding anything in this Agreement to the extent allowed under applicable Lawcontrary, either Party shall have the right to may immediately terminate this Agreement in the event (or one or more of the commencement of any proceeding in licenses or for bankruptcy, insolvency, dissolution or winding up by or against portions thereof granted hereunder) if the other Party (is involved in any bankruptcy proceeding or any other than pursuant to a corporate restructuring) that proceeding concerning insolvency, dissolution, cessation of operations, reorganization, or indebtedness or the like and the proceeding is not dismissed or otherwise disposed of within sixty (60) days thereafterdays.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party Either party shall have the immediate right to terminate this Agreement Agreement, by providing written notice to the other party, in the event that (i) the other party becomes insolvent, enters into receivership, is the subject of a voluntary or involuntary bankruptcy proceeding, or makes an assignment for the benefit of creditors; or (ii) a substantial part of the commencement of other party’s property becomes subject to any proceeding in levy, seizure, assignment or sale for bankruptcy, insolvency, dissolution or winding up by any creditor or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereaftergovernment agency.

Termination for Bankruptcy. To In the extent allowed under applicable Lawevent of any proceedings, voluntary or involuntary, in bankruptcy or insolvency, by or against Customer or BVL, or the appointment with or without the Parties’ consent of a receiver for either Party, the other Party shall have the right be entitled to immediately terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against upon written notice to the other Party (other than pursuant without any liability whatsoever. Such termination shall not affect any claim for damages available to a corporate restructuring) that is not dismissed the terminating Party or otherwise disposed of within sixty (60) days thereafterfor costs or fees accrued to date.

Termination for Bankruptcy. To the extent allowed under applicable Law, This Agreement may be terminated by either Party shall have the right immediately, or at any time thereafter by notice to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (if the other than pursuant becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereaftercarry on business.

Termination for Bankruptcy. To the extent allowed under applicable Lawlaw, either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty one hundred and eighty (60180) days thereafter.

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) [***] days thereafterafter the filing thereof.

Termination for Bankruptcy. To the extent allowed under applicable LawThis Agreement may be terminated by either Party, either Party shall have the right forthwith, or at any time thereafter by notice to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (if the other than pursuant becomes bankrupt or insolvent, or enters into liquidation whether compulsorily or voluntarily, or convenes a meeting of its creditors, or has a receiver appointed over all or part of its assets, or ceases for any reason to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereaftercarry on business.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafterthereafter and/or the administrator of the bankruptcy estate or the Party under in-court restructuring has not, within five (5) days after the receipt of an inquiry from the other Party, confirmed that the bankruptcy estate or the Party under in-court restructuring will adopt this Agreement.

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) *** days thereafterafter the filing thereof.

Termination for Bankruptcy. To the extent allowed under applicable LawNotwithstanding any other provisions of this Agreement, either a Party shall have the right to may terminate this Agreement in upon giving notice to the event of the commencement of any proceeding in or for bankruptcyother Party, insolvency, dissolution or winding up by or against should the other Party (other than pursuant to declare bankruptcy, be declared bankrupt by a corporate restructuring) court, or enter into a procedure of winding up or dissolution that is not dismissed within ninety (90) days, or otherwise disposed should a trustee in bankruptcy or receiver or other equivalent entity be appointed for the other Party, or any process or proceeding analogous to any of within sixty (60) days thereafterthe foregoing occurs with respect to the other Party in any jurisdiction.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party Each party shall have the right to immediately terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against if the other Party party (other than pursuant a) is involuntarily made subject to a corporate restructuring) that is any bankruptcy or insolvency proceedings and such proceedings are not dismissed or otherwise disposed of within sixty (60) days thereafterof the filing of such proceedings or (b) voluntarily institutes any bankruptcy or insolvency proceedings, corporate reorganization, liquidation, assignment for the benefit of creditors, or appointment of a receiver or trustee.

Termination for Bankruptcy. To the extent allowed permitted under applicable Law, either Party shall have the right to may terminate this Agreement in effective immediately with written notice if the event of the commencement of any proceeding in or other Party files for bankruptcy, insolvencyis adjudicated bankrupt, dissolution files a petition under insolvency Laws, is dissolved or winding up by or against the other Party (other than pursuant to has a corporate restructuring) that is not dismissed or otherwise disposed receiver appointed for substantially all of within sixty (60) days thereafterits property.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Each Party shall have the right to terminate this Agreement in upon sixty (60) days’ prior written notice to the event other upon the occurrence of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against of the other Party (other than pursuant to a corporate restructuring) that is not dismissed dissolution or otherwise disposed winding up for the purpose of within sixty (60) days thereafterredomestication, reconstruction or amalgamation).

Termination for Bankruptcy. To the extent allowed under applicable Law, This Agreement may be terminated by either Party shall have upon the right to terminate this Agreement filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the event of any involuntary bankruptcy or receivership proceeding such right to terminate will only become effective if the commencement of any Party consents to the involuntary bankruptcy or receivership or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter.after the filing of such bankruptcy or receivership

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) [*****] days thereafterafter the filing thereof.

Termination for Bankruptcy. To the extent allowed under permitted by applicable Lawmandatory law, either Party shall have may terminate the right to terminate this Agreement Contract, immediately without notice if, in the event opinion of the commencement of any proceeding in or for bankruptcyterminating Party, insolvency, dissolution or winding up by or against the other Party (other than pursuant Party, its principle, or any owner or guarantor of that Party’s business becomes insolvent or is likely to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafterbecome insolvent.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter, subject to a Party’s rights and licenses that are retained under Section 2.7.

Termination for Bankruptcy. To the extent allowed under applicable permitted by Law, either Party shall have the right to may terminate this Agreement in by written notice to the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against other with immediate effect if the other Party (other than pursuant is compelled to file bankruptcy, or appoints or suffers appointment of a corporate restructuring) that is receiver or trustee over all or substantially all of its property, or makes a general assignment for the benefit of creditors, in each case, where the relevant proceedings are not dismissed dismissed, discharged or otherwise disposed of stayed within sixty (60) [[***]] days thereafter.after the filing thereof

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days [**] thereafter.

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter[*CONFIDENTIAL*] after the filing thereof.

Termination for Bankruptcy. To This Agreement may be terminated, to the extent allowed under permitted by applicable Lawlaw, by either Party shall have upon the filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party subject to such proceeding consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) 90 days thereafterafter the filing thereof.

Termination for Bankruptcy. To the extent allowed under applicable Lawlaw, either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) [**] days thereafter.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Either Party shall have the right to terminate this Agreement in the event of the commencement of any upon (i) a proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against bankruptcy in relation to the other Party (other than pursuant to a corporate restructuring) that is not dismissed 36 within ninety (90) calendar days, (ii) insolvency of the other Party, (iii) dissolution of the other Party, or otherwise disposed (iv) winding up of within sixty (60) days thereafterthe other Party.

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that in the case of any involuntary bankruptcy proceeding such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter[***] after the filing thereof.

Termination for Bankruptcy. To the extent allowed permitted under applicable Law, either Party shall have the right to may terminate this Agreement in its entirety effective immediately with written notice if the event of the commencement of any proceeding in or other Party files for bankruptcy, insolvencyis adjudicated bankrupt, dissolution files a petition under insolvency Laws, is dissolved or winding up by or against the other Party (other than pursuant to has a corporate restructuring) that is not dismissed or otherwise disposed receiver appointed for substantially all of within sixty (60) days thereafterits property.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Either Party shall have the right to terminate this Agreement in the event of the commencement of any proceeding in or for ​ ​ bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days [***] thereafter, subject to a Party’s rights and licenses that are retained under Section 2.7.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Party Either party shall have the right to terminate this Agreement immediately upon written notice to the other party in the event that the other party becomes insolvent, proposes any dissolution, liquidation, composition, financial reorganization or recapitalization with creditors, makes an assignment for benefit of creditors, or if any similar agent is appointed or takes possession with respect to any property or business of the commencement of said other party, or has filed against it a petition under any proceeding in bankruptcy code or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that insolvency law which is not dismissed or otherwise disposed of within sixty (60) days thereafterdays.

Termination for Bankruptcy. To This Agreement may be terminated at any time during the extent allowed under applicable Law, Term by either Party shall have upon the other Party’s filing or institution of bankruptcy, reorganization, liquidation or receivership proceedings, or upon an assignment of a substantial portion of the assets for the benefit of creditors by the other Party; provided, however, that, in the case of any involuntary bankruptcy proceeding, such right to terminate this Agreement in shall only become effective if the event of Party consents to the commencement of any involuntary bankruptcy or such proceeding in or for bankruptcy, insolvency, dissolution or winding up by or against the other Party (other than pursuant to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafter[***] after the filing thereof.

Termination for Bankruptcy. To This Agreement shall be deemed immediately terminated, without the extent allowed under applicable Lawrequirement of further action or notice by either Party, either Party shall have the right to terminate this Agreement in the event that either Party, or a direct or indirect holding company of the commencement of any proceeding in either Party, shall become subject to voluntary or for involuntary bankruptcy, insolvency, dissolution receivership, conservatorship or winding up similar proceedings (including, without limitation, the takeover of such Party by or against the other Party (other than applicable regulatory agency) pursuant to a corporate restructuring) that is not dismissed applicable state or otherwise disposed of within sixty (60) days thereafterFederal law.

Termination for Bankruptcy. To the extent allowed under applicable Law, either Either Party shall have the right to may terminate this Agreement in Agreement, effective immediately by providing a written termination notice to the event of the commencement of any proceeding in or for bankruptcyother Party, insolvency, dissolution or winding up by or against if the other Party (other than dissolves, liquidates, ceases to conduct business, or becomes insolvent or seeks protection pursuant to a corporate restructuring) that any bankruptcy, receivership, trust deed, creditors arrangement or comparable proceeding, or such proceeding is instituted against such Party and not dismissed or otherwise disposed of within sixty (60) days thereafterdays.

Termination for Bankruptcy. To the extent allowed under permitted by applicable Lawmandatory law, either Party shall have may terminate the right to terminate this Agreement Contract and/or any other contractual relationship between the Parties, immediately without notice if, in the event opinion of the commencement of any proceeding in or for bankruptcyterminating Party, insolvency, dissolution or winding up by or against the other Party (other than pursuant Party, its principle, or any owner or guarantor of that Party’s business becomes insolvent or is likely to a corporate restructuring) that is not dismissed or otherwise disposed of within sixty (60) days thereafterbecome insolvent.

Termination for Bankruptcy. To the extent allowed permitted under applicable Law, either Party shall have the right to may terminate this Agreement in effective immediately with written notice if the event of the commencement of any proceeding in or other Party shall file for bankruptcy, insolvencyshall be adjudicated bankrupt, dissolution shall file a petition under insolvency Laws, shall be dissolved or winding up by or against the other Party (other than pursuant to shall have a corporate restructuring) that is not dismissed or otherwise disposed receiver appointed for substantially all of within sixty (60) days thereafterits property.