Termination for an Insolvency Event. 16.6.1 Unless prohibited by Law, this MSA may be terminated by Service Provider or ALU upon thirty (30) days written notice upon the occurrence of an Insolvency Event by the other Party. An “Insolvency Event” has occurred with respect to a Party if: 16.6.1.1 a receiver, liquidator or trustee of such Party is appointed by court order and such order remains in effect for more than thirty (30) days, or receivership, insolvency or bankruptcy proceedings are commenced or a petition is filed against such Party under any applicable liquidation, conservatorship, bankruptcy, moratorium, insolvency, reorganization THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) PURSUANT TO RULE 406 OF THE SECURITIES ACT OF 1933, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED IN THIS EXHIBIT WITH “*****”. MASTER SERVICES AGREEMENT TERMS AND CONDITIONS or similar Laws for the relief of debtors from time to time in effect and generally affecting the rights of creditors, and such proceedings or such petition has not been dismissed or stayed within thirty (30) days of the commencement or filing thereof; or 16.6.1.2 such Party commences a voluntary case under any Bankruptcy Law or voluntarily seeks, consents to or acquiesces in the benefit or benefits of any provision of any Bankruptcy Law, consents to the filing of any petition against it under any Bankruptcy Law, makes an assignment for the benefit of its creditors, admits in writing its inability to pay its debts generally as they become due or consents to the appointment of a receiver, trustee, liquidator or conservator for it or any part of its property or otherwise takes any action or causes any action to be taken which the other Party reasonably believes will cause the acting Party to be unable to perform its financial obligations under this MSA.
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Sources: Master Services Agreement (Goodman Networks Inc), Master Services Agreement (Goodman Networks Inc)
Termination for an Insolvency Event. 16.6.1 Unless prohibited by Law, this MSA may be terminated by Service Provider or ALU upon thirty (30) days written notice upon the occurrence of an Insolvency Event by the other Party. An “Insolvency Event” has occurred with respect to a Party if:
16.6.1.1 a receiver, liquidator or trustee of such Party is appointed by court order and such order remains in effect for more than thirty (30) days, or receivership, insolvency or bankruptcy proceedings are commenced or a petition is filed against such Party under any applicable liquidation, conservatorship, bankruptcy, moratorium, insolvency, reorganization THE COMPANY HAS REQUESTED AN ORDER FROM THE SECURITIES AND EXCHANGE COMMISSION (THE “COMMISSION”) PURSUANT TO RULE 406 24B-2 OF THE SECURITIES EXCHANGE ACT OF 19331934, AS AMENDED, GRANTING CONFIDENTIAL TREATMENT TO SELECTED PORTIONS. ACCORDINGLY, THE CONFIDENTIAL PORTIONS HAVE BEEN OMITTED FROM THIS EXHIBIT, AND HAVE BEEN FILED SEPARATELY WITH THE COMMISSION. OMITTED PORTIONS ARE INDICATED IN THIS EXHIBIT WITH “*****”. MASTER SERVICES AGREEMENT TERMS AND CONDITIONS or similar Laws for the relief of debtors from time to time in effect and generally affecting the rights of creditors, and such proceedings or such petition has not been dismissed or stayed within thirty (30) days of the commencement or filing thereof; or
16.6.1.2 such Party commences a voluntary case under any Bankruptcy Law or voluntarily seeks, consents to or acquiesces in the benefit or benefits of any provision of any Bankruptcy Law, consents to the filing of any petition against it under any Bankruptcy Law, makes an assignment for the benefit of its creditors, admits in writing its inability to pay its debts generally as they become due or consents to the appointment of a receiver, trustee, liquidator or conservator for it or any part of its property or otherwise takes any action or causes any action to be taken which the other Party reasonably believes will cause the acting Party to be unable to perform its financial obligations under this MSA.
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