WebTermination clauses, also called severance clauses, authorize parties to terminate in agreement without breaching the contract under early termination and mutual notice. ... institute proceedings until be adjudicated an voluntary bankruptcy; (iv) consent to the filing are a petition of bankruptcy against it; (v) be adjudicated until a courtroom ... WebThis Note reviews the circumstances in which non-defaulting parties can terminate a contract with an insolvent debtor, including one who is in receivership, bankruptcy or restructuring under the Companies' Creditors Arrangement Act, R.S.C. 1985, c. C-36 or the Bankruptcy and Insolvency Act, R.S.C., 1985, c. B-3. The validity of ipso facto clauses is …
Termination for Insolvency Sample Clauses: 4k Samples
Web(i) “Cause” shall mean (A) if the Grantee is party to an employment or severance-benefit agreement that contains a definition of “Cause,” the definition set forth in such agreement, or (B) if the Grantee is not a party of any employment or severance-benefit agreement with the Company referred to in clause (A), (1) a material breach by the Grantee of the Grantee’s … Web9 May 2024 · Termination in the event of bankruptcy or insolvency clauses (commonly called “ipso facto” clauses) are often included in contracts and are rarely a point of … redprice-online.de
Termination clauses v common law right to terminate for …
Web20 Jul 2024 · On 25 June 2024, new legislation came into force in the UK which makes it much more difficult for suppliers to terminate contracts where the customer is subject to … WebTermination for Bankruptcy. This Agreement may be terminated by written notice by either Party at any time during the Term if the other Party shall file in any court or agency, pursuant to any bankruptcy and/or insolvency statute or regulation of any state, province or country, … Neither Party shall be liable for failure to perform----- or delay in performing any … This Agreement and the Control Agreement will automatically terminate, with respect … The Department or Customer may, in addition to other remedies available to … Notices. All notices, requests, demands and other communications under this … Intellectual Property. The Company and the Subsidiaries have, or have rights to use, … Notwithstanding the foregoing. (a) KHK shall use Commercially Reasonable … Insurance. The Company and the Subsidiaries are insured by insurers of … Amendment. This Warrant may be modified or amended or the provisions hereof … Web1 Apr 2024 · 11 U.S.C. §541(c). Translated from bankruptcy-ese, this statute means that a clause that terminates a contract because of the "insolvency" or "financial condition" of … richland airbnb