(c) the other party has passed a resolution for its winding up (save for a voluntary winding-up for the purpose of a voluntary reconstruction or amalgamation), is subject to a petition presented to any court for its winding-up (save for a voluntary winding-up for the purpose of a voluntary reconstruction or amalgamation), is the subject of an application for administration filed at any court or a notice of appointment of an administrator filed at any court or a notice of intention to appoint an administrator given by any person, or is the subject of a notice to strike off the register at the Accounting and Corporate Regulatory Authority of Singapore, or is dissolved or declared bankrupt, or has a receiver, or administrator appointed over all or part of its assets, or enters into an arrangement with its creditors, or is unable to pay its debts within the meaning of section 254(2) of the Companies Act (Cap.
50), or ceases to trade or takes or suffers any similar action; and
in the event that the other party is acquired or controlled by a competitor of the first party.
Termination or expiration of, and withdrawal from, this Agreement, for any reason, shall be without prejudice to all accrued rights, liabilities and remedies.
(c) the other party has passed a resolution for its winding up (save for a voluntary winding-up for the purpose of a voluntary reconstruction or amalgamation), is subject to a petition presented to any court for its winding-up (save for a voluntary winding-up for the purpose of a voluntary reconstruction or amalgamation), is the subject of an application for administration filed at any court or a notice of appointment of an administrator filed at any court or a notice of intention to appoint an administrator given by any person, or is the subject of a notice to strike off the register at the Accounting and Corporate Regulatory Authority of Singapore, or is dissolved or declared bankrupt, or has a receiver, or administrator appointed over all or part of its assets, or enters into an arrangement with its creditors, or is unable to pay its debts within the meaning of section 254(2) of the Companies Act (Cap.
50), or ceases to trade or takes or suffers any similar action; and
in the event that the other party is acquired or controlled by a competitor of the first party.
Termination or expiration of, and withdrawal from, this Agreement, for any reason, shall be without prejudice to all accrued rights, liabilities and remedies.
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