Immediate Termination for Cause. Either party may terminate this Agreement immediately upon written notice to the other in the event of: (1) the liquidation or dissolution of the other party; (2) the making of an assignment of a substantial portion of its assets for the benefit of its creditors; (3) the filing of a voluntary or involuntary petition under any federal or state bankruptcy statute by the other party; or (4) the inability of the other party to pay its debts as they become due;(5) the noncompliance with regulation or law applicable to the noncomplying party.
Appears in 3 contracts
Sources: Marketing Services Agreement, Id Card and Banking Services Agreement, Id Card and Banking Services Agreement