Common use of Occurrence of Certain Events Clause in Contracts

Occurrence of Certain Events. Any party may terminate this Agreement by written notice to the other parties to this Agreement in the event of the filing of any petition under any bankruptcy law by or against any other party, the admission in writing by any other party of its inability to pay its debts when and as due, the making of any assignment for the benefit of creditors by any other party, the appointment of a receiver for any or all of the assets of any other party, the cessation of any other party's business, or the dissolution of any other party.