Common use of Rejection of Agreement Clause in Contracts

Rejection of Agreement. Rejection of this Agreement in any Insolvency Proceeding, whether pursuant to 11 U.S.C. 365 or otherwise, will result in a termination of this Agreement and a revocation and reversion to us of the Franchise and all of the rights provided to you under this Agreement.

Appears in 2 contracts

Sources: Franchise Agreement (Dixie Foods International, Inc), Franchise Agreement (Dixie Foods International, Inc)