MMTh and TI may without giving notice or any other procedures,immediately terminate the whole or part or this agreement or any of the individual contracts,Etc.,upon the occurrence of any of the following events to the other party:
1. it cases its business activities,has its business license canceled or is subject to any other equivalent administrative punishment ;
2. it file a petition,or a petition is filed against it by a third party , for commencement of bankruptcy proceedings,civil rehabilitation,corporate reorganization or other similar or equivalent proceedings in any jurisdiction;
3. has resolved to dissolve
4. is subject to a temporary attachment,temporary disposition,compulsory execution or disposition for delinquency for the payment of tax or other charge
5. has become insolvent, or is unable to pay its debts,or if disposition for suspension of bank transactions is issued by a clearing house;or
6. the occurrence of a serious event corresponding to one of the events listed above