Common use of Termination or Cancellation Clause in Contracts

Termination or Cancellation. This Agreement may be cancelled or terminated by the Exhibitor subject to clause 8 below and for the avoidance of doubt if the Client fails to occupy the space booked by it then it shall be deemed to be a termination that is notified to the Company on the date of the Exhibition. The Company may terminate at any time the Agreement with notice and may terminate forthwith if: 7.1 the Exhibitor convenes a meeting of its creditors or if a proposal shall be made for a voluntary arrangement within the meaning of Part 1 of the Insolvency Act 1986 or a proposal for any other composition, scheme or arrangement with (or assignment for the benefit of) its creditors or shall be unable to pay its debts within the meaning of Section 123 of the Insolvency Act 1986 or if a trustee, receiver or similar officer is appointed in respect of all or any part of its business or assets or if a petition is presented or a meeting is convened for the purpose of considering a resolution or other steps are taken for the winding up of the Exhibitor or for the making of an administration order (otherwise than for the purpose of amalgamation or reconstruction); or 7.2 the Exhibitor is in breach of any term of this Agreement; 7.3 the Exhibitor brings the Exhibition into disrepute.

Termination or Cancellation. This Agreement may be cancelled or terminated by the Exhibitor subject to clause 8 below and for the avoidance of doubt if the Client fails to occupy the space booked by it then it shall be deemed to be a termination that is notified to the Company on the date of the Exhibition. The Company may terminate at any time the Agreement with notice and may terminate forthwith if: 7.1 the Exhibitor convenes a meeting of its creditors or if a proposal shall be made for a voluntary arrangement within the meaning of Part 1 of the Insolvency Act 1986 ▇▇▇ ▇▇▇▇ or a proposal for any other composition, scheme or arrangement with (or assignment for the benefit of) its creditors or shall be unable to pay its debts within the meaning of Section 123 of the Insolvency Act 1986 ▇▇▇ ▇▇▇▇ or if a trustee, receiver or similar officer is appointed in respect of all or any part of its business or assets or if a petition is presented or a meeting is convened for the purpose of considering a resolution or other steps are taken for the winding up of the Exhibitor or for the making of an administration order (otherwise than for the purpose of amalgamation or reconstruction); or 7.2 the Exhibitor is in breach of any term of this Agreement; 7.3 the Exhibitor brings the Exhibition into disrepute.