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3) Contractor admits in writing its inability to pay its debts generally as they become due; <br />4) if judgment for the payment of money in excess of $50,000 (that is not covered by <br />insurance) is rendered by any court or governmental body against Contractor, and <br />Contractor does not (a) discharge the judgment or (b) provide for its discharge in <br />accordance with its terms, or (c) procure a stay of execution within thir[y (30) calendaz <br />days from the date of entry of the judgment, and within the thirty (30)-day period or a <br />longer period during which execution of the judgment has been stayed, appeal from the <br />judgment and cause the execution to be stayed during such appeal while providing such <br />reserves for the judgment as may be required under generally accepted accounting <br />principles; <br />5) a writ or warrant of attachment or any similar process is issued by any court against all or <br />any material portion of the property of Contractor, and such writ or warrant of attachment <br />or any similar process is not released or bonded within thirty (30) calendar days after its <br />entry; <br />6) Contractor is adjudicated bankrupt or insolvent; . <br />7) Contractor files a case under the Federal Bankruptcy Code or seeks relief under any <br />provision of any bankruptcy, reorganization, arrangement, insolvency, readjustment of <br />debt, dissolution, receivership or liquidation law of any jurisdiction, whether now or <br />hereafter in effect, or consents to the filing of any case or petition against it under any <br />such law; <br />8) any property or portion of the property of Contractor is sequestered by court order and the <br />order remains in effect for more than thirty (30) calendar days after Contractor obtains <br />knowledge thereof; <br />9) a petition is filed against Contractor under any state reorganization, arrangement, <br />insolvency, readjustment of debt, dissolution, receivership or liquidation law of any <br />jurisdiction, whether now or hereafter in effect, and such petition is not dismissed within <br />thirty (30) calendar days; <br />10) Contractor consents to the appointment of a receiver, trustee, or liquidator of Contractor or <br />of all or any part of its property; or <br />h) Contractor's management system does not meet the UGMS management standards. <br />Section 16.06 Notice of Termination. Either Party may deliver written notice of intent. to terminate <br />by any verifiable method. If either Party gives notice of its intent to ternunate all or a part of this <br />Contract, Department and Contractor shall attempt to resolve any issues related to the anticipated <br />ternunation in good faith during the notice period. . <br />ARTICLE XVII VOID, SUSPENDED, AND TERMINATED CONTRACTS <br />Section 17.01 Void Contracts. Department may hold this Contract. void upon determination that the <br />award was obtained fraudulently or was otherwise illegal or invalid from its inception. <br />Section 17.02 Effect of Void, Suspended, or Involuntarily Terminated Contract. A Contractor <br />who has been a party to a contract with DSHS that has been found to be void, suspended, or <br />General Provisions (Core Subrecipient 2009) 6/5/08 Page 36 of 38 <br />