Common use of Cessation of Operation Clause in Contracts

Cessation of Operation. Subject to restrictions imposed by law, the Parties may terminate this Agreement in writing if performance is impossible because of cessation of business operations, DC-HIE non-appropriation, or if Subscriber is the subject of proceedings for bankruptcy or insolvency, receivership, or dissolution or makes an assignment for the benefit of creditors.

Appears in 2 contracts

Sources: Direct Secure Messaging Subscription Agreement, Direct Secure Messaging Subscription Agreement