Common use of Default Termination and Suspension Clause in Contracts

Default Termination and Suspension. 13.1 The Company may suspend or terminate immediately, without incurring any liability, any Contract, and the payment of all amounts owing by the Customer to the Company under these Terms shall immediately become due and payable, if the Customer: 13.1.1 is in breach of any term of these Terms or any Contract with the Company; 13.1.2 is unable to pay its debts as they fall due (or is deemed to be unable to pay its debts under the Companies Act 1993) or ceases or threatens to cease conducting its business in the normal manner; 13.1.3 enters into, or attempts to enter into, any composition, assignment or other arrangement with, or for the benefit of, its creditors; 13.1.4 becomes, threatens or resolves to become, or is in jeopardy of becoming insolvent; 13.1.5 being a partnership, dissolves, threatens or resolves to dissolve or is in jeopardy of dissolving; or 13.1.6 being a natural person, dies or becomes bankrupt. 13.2 Termination of any Contract shall not relieve the Customer of its obligations to pay all money owing by it to the Company on any account whatsoever, which money shall be payable immediately notwithstanding that due date for payment may not have arrived and any Terms able to survive termination shall continue to apply. Termination of any Contract shall not relieve the Customer from liability arising from any antecedent breach of the terms of that Contract.