Article20. Termination
1. If the other party falls under any of Items below, either party may terminate in whole or in part this Agreement or any Individual Agreement without any notification:
(1) It falls into dishonor, insolvency, payment suspension or reaches a situation in which its debts substantially exceed its assets, or is subjected to stoppage or suspension of transactions at a clearing house;
(2) It is subject to disposition of revocation or suspension of business by a competent government agency;
(3) It is subject to attachment, provisional attachment, provisional disposition or compulsory execution by a third party, or a difficult situation in performing this Agreement or Individual Agreement;
(4) It is subject to a petition for bankruptcy, special liquidation under the Corporation, civil rehabilitation or corporate reorganization;
(5) It resolves cooperate dissolution or is merged by other company;
2. If either party fails to perform this Agreement or Individual Agreement, the other party shall give the other party a written notice and then may terminate in whole or in part this Agreement and Individual Agreement if the failure is not cured within ten (10) days after the date of such notice.
3. The termination set forth in paragraph 1 and 2 hereof shall not prevent the party from claiming for damages.
4. If any of events of termination set forth in each Item of paragraph 1 and 2 hereof arises, all the amount each party owes to the other party hereunder at the time of termination shall immediately become due and payable regardless of the original due date.