Common use of Additional Rights of Termination Clause in Contracts

Additional Rights of Termination. Either Party may terminate this Agreement on 5 Business Days notice if: (a) an order is made or an effective resolution is passed for winding up or dissolution without winding up (otherwise than for the purposes of a solvent reconstruction or amalgamation) of the other Party and the order or resolution remains in effect for a continuous period of 7 days; (b) a receiver, receiver and manager, official manager, administrator, provisional liquidator, liquidator, or like official is appointed over the whole or a substantial part of the Undertaking and property of the other Party and the appointment remains in effect for a continuous period of 14 days; (c) a holder of an encumbrance takes possession of the whole or any substantial part of the Undertaking and property of the other Party; (d) the other Party is unable to pay its debts as they fall due; (e) a Force Majeure which substantially and adversely affects the ability of a Party to perform its obligations to the other Party, continues for a period of in excess of 6 months; or (f) the other Party ceases to carry on business for a period of more than 10 consecutive Business Days without the prior written consent of the notifying Party; (g) anything analogous or having a substantially similar effect to any of the events specified above occurs in relation to the other Party; or (h) amendments to this Agreement as described in clause 14.10 are not agreed within 90 days after the commencement of the negotiations described in that clause.