Either Party may terminate this Contract or suspend delivery of the said Rice until further notice, on notifying in writing, if a liquidator trustee in bankruptcy, receiver and/or manager is appointed in respect of the assets and/or undertaking of the other Party or the other Party enters into an arrangement with its creditors or any similar arrangement made under any applicable law, or if the Party in question has reason to anticipate any such occurrence, appointment, arrangement or composition. Notwithstanding anything to the contrary expressed or implied elsewhere herein