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14.1  Except when payment for Goods to be supplied has been made or secured in advance of their delivery to or to the order of the Customer We shall be entitled to withdraw from a Contract if and when the Customer suffers distress or execution to be levied against his or its goods or effects, makes an arrangement or composition with creditors, enters into liquidation (otherwise than for the purpose of amalgamation or reconstruction) has a receiver appointed for the whole or any part of its undertaking, or if a receiving order in bankruptcy is made against him. When We elect to withdraw from a Contract in any such circumstances, We shall thenceforth cease to have any liability to the Customer thereunder but shall remain entitled to claim from the Customer a due proportion of the Contract price in respect of such part of the Contract as We shall have performed.