InvestorsHub Logo
icon url

olico ™

01/05/06 3:34 PM

#72615 RE: wickw50 #72610

lol! Yeah, where does one come up with this stuff?
icon url

xandit

01/05/06 3:37 PM

#72626 RE: wickw50 #72610

CC seems to be concerned about the posibility of GnF going under from their expansion of the termination area of the filing.

(ii) in the event that (a) either
Party becomes insolvent, enters into receivership, is the subject of a
voluntary or involuntary bankruptcy proceeding, or makes an assignment
for the benefit of creditors; or (b) a substantial part of either Party's
property is or becomes subject to any levy, seizure, assignment or sale
for or by any creditor or governmental agency. Upon termination or
expiration: (i) GNF shall continue to provide Services to Circuit City
Customers who subscribed to the Service(s) prior to termination of this
Agreement; (ii) both Parties shall pay the respective sums due to the
other Party pursuant to this Agreement as part of the final winding up
under the Agreement; and (iii) both Parties shall endeavor to provide
reasonable transition assistance if and when the Agreement is terminated.