Common use of Your Subscription Clause in Contracts

Your Subscription. and 6.6 shall not apply to business customers. In addition to our termination rights in section 6.7, we may also terminate this Contract in the event any of the following events take place: • an encumbrancer takes possession or a receiver (or similar office holder) is appointed over any of your property or assets; • you make any voluntary (or similar) arrangement with your creditors or an administrator is appointed or you are subject to insolvency proceedings in any jurisdiction; • you become bankrupt or insolvent or enter into liquidation (except for the purposes of a solvent amalgamation, reconstruction or other reorganisation and in such manner that the company resulting from the reorganisation effectively agrees to be bound by or to assume the obligations imposed on that other party under this Contract) or there is a valid reason for us to believe that you will not be able to fulfil your obligations under the Contract due to for example your credit worthiness has deteriorated compared to your initial credit check. • you cease, or threaten to cease, to carry on business; • your financial position deteriorates so far as to reasonably justify the opinion that its ability to give effect to the terms of this Contract is in jeopardy; or • there is a change of control of your business(within the meaning of section 1124 of the Corporation Tax Act 2010).

Your Subscription. and 6.6 5.5 shall not apply to business customers. In addition to our termination rights in section 6.7Section 5.6, we may also terminate this Contract in the event any of the following events take place: • an encumbrancer takes possession or a receiver (or similar office holder) is appointed over any of your property or assets; • you make any voluntary (or similar) arrangement with your creditors or an administrator is appointed or you are subject to insolvency proceedings in any jurisdiction; • you become bankrupt or insolvent or enter into liquidation (except for the purposes of a solvent amalgamation, reconstruction or other reorganisation and in such manner that the company resulting from the reorganisation effectively agrees to be bound by or to assume the obligations imposed on that other party under this Contract) or there is a valid reason for us to believe that you will not be able to fulfil your obligations under the Contract due to for example your credit worthiness creditworthiness has deteriorated compared to your initial credit eligibility check. • you cease, or threaten to cease, to carry on business; • your financial position deteriorates so far as to reasonably justify the opinion that its ability to give effect to the terms of this Contract is in jeopardy; or • there is a change of control of your business(within the meaning of section Section 1124 of the Corporation Tax Act 2010).