Common use of By events Clause in Contracts

By events. PayPal may terminate this Card Agreement immediately without notice if you: 1. Breach this Card Agreement or the User Agreement; 2. Become unable to pay or perform your obligations under, this Card Agreement or any of the PayPal Agreements that apply to the Services; 3. Become unable to pay your debts, admit your inability to pay your debts or otherwise become insolvent; 4. Have any execution, attachment or similar action taken, levied or enforced against you or your assets, or if any garnishee order is issued or served on you; 5. Become the subject of any petition presented, order made or resolution passed for the liquidation, administration, bankruptcy or dissolution of all or a substantial part of your business, except where solvent amalgamation or reorganisation is proposed on terms previously approved by PayPal; 6. Lose full and unrestricted control over all or part of its assets because of the appointment of a receiver, manager, trustee, liquidator or similar officer; 7. Enter into or proposes any composition or arrangement concerning your debts with your creditors (or any class of its creditors); 8. A material adverse change occurs in your business, operations, or financial condition; or 9. You provide inaccurate information in applying for your Service or in your dealings with us; 10. We decide, in our discretion, that you become ineligible for the Services because there is a high level of risk associated with your PayPal account or for any other reason, or upon request by any Acquiring Institution or any of the Card Associations; or 11. You violate any Association Rules as they may be amended by the Card Associations from time to time.