17. Insolvency of Buyer/Customer
17.1 This clause applies if:-
17.1.1 the customer makes any voluntary arrangement with its creditors or becomes subject to an administration order or (being an individual or firm) becomes bankrupt or (being a company) goes into liquidation (otherwise than for the purposes of amalgamation or reconstruction); or
17.1.2 an encumbrancer takes possession or a receiver is appointed, of any of the property or assets of the customer; or
17.1.3 the customer ceases, or threatens to cease, to carry on business; or
17.1.4 the seller reasonably apprehends that if any of the events mentioned above is about to occur in relation to the customer and notifies the customer accordingly.
17.2 If this clause applies then, without prejudice to any other right or remedy available to the seller, the seller shall be entitled to cancel the contract or suspend any further deliveries under the contract without any liability to the customer, and if the goods have been delivered but not paid for price shall become immediately due and payable notwithstanding any previous agreement or arrangement to the contrary.
VAT Reg. Number 897 8801 48 Registered number 6055634