ASSIGNMENT
a) This clause applies if any of the following (called Insolvency Events) occur in relation to the Organiser: i) an application is made, proceedings initiated or a meeting (whether of shareholders, creditors or directors) is called with a view to winding it or any part of the Organiser’s undertaking up or placing the Organiser or any part of the Organiser’s undertaking under any kind of administration; ii) a receiver, liquidator, voluntary or other administration or official manager is appointed to the Organiser; iii) a compromise or arrangement of the kind referred to in Part 5.1 of the Corporations Act is proposed; iv) an application is made or an action initiated with a view to cancelling the Organiser’s registration or appointing an inspector or other officer to investigate any of the Organiser’s affairs pursuant to any legislation; v) the Organiser is, or is or may be deemed under any applicable law to be insolvent or unable to pay its debits; or vi) circumstances exist which would enable the court upon application to order winding up of the Organiser pursuant to section 461 of the Corporations Act. b) If an Insolvency Event occurs in relation to the Organiser then the Organiser by this clause assigns all of its title and interest under this agreement to Global Links Exhibitions & Conferences Organisers Pty Ltd ABN 56 622 824 855