Engels naar Nederlands Juridisch / patenten Juridisch: Contract(en)

X shall be entitled to terminate this Agreement immediately in the event that (a) Customer fails to pay any outstanding amounts within thirty (30) days after X's written notice, (b) Customer becomes insolvent or institutes or permits to be instituted against it any proceedings seeking receivership, trusteeship, bankruptcy, reorganization, assignment for benefit of creditors or other similar proceedings.

Ik kom niet helemaal uit het deel onder (b). Ik heb met name moeite met 'instituted against it any proceedings seeking receivership....'