A contractual 'insolvency event' defined as 'anything that indicates that the person is or will become unable to pay their debts' requires something that objectively makes it more probable than not that the person is or will become insolvent; it is not satisfied by events equally consistent with solvency or insolvency. Non-payment of debts alone does not establish inability to pay. The word 'immediately' in 'may immediately terminate' qualifies the effect of termination (immediate effect) rather than the time within which the power must be exercised, and the power must be exercised within a reasonable time.
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