Common use of Additional Rights of Termination Clause in Contracts

Additional Rights of Termination. Without prejudice to any other rights that ▇▇▇ Automotive may have under this Agreement or at law, ▇▇▇ Automotive may terminate this Agreement immediately by notice in writing if: a the Supplier transfers or assigns its rights or obligations under this Agreement, otherwise than in accordance with clause 18.1; or b the Supplier becomes, or threatens to become, or is at serious and substantial risk of becoming, subject to any form of insolvency administration including, without limitation, any resolution, procedure or proceedings relating to the Supplier’s liquidation, inability to pay its debts as they fall due, insolvency or appointment of a receiver, receiver and manager, liquidator, provisional liquidator, statutory manager or similar officer, or if the Supplier makes an assignment for the benefit of its creditors.