definiens: shall mean, in relation to either Party, anyone of the following : ( a ) that Party shall file in any court or agency pursuant to any statute or regulation of any state or country, a petition in bankruptcy or insolvency or for reorganization or for an arrangement or for the appointment of a receiver or trustee of the Party or of its assets ; ( b ) that Party is the subject of voluntary or involuntary bankruptcy proceedings instituted on behalf of or against such Party ( except for involuntary bankruptcy proceedings which are dismissed within sixty ( 60 ) days ) ; ( c ) an administrative receiver, receiver and manager, interim receiver, custodian, sequestrator or similar officer is appointed in respect of that Party ; ( d ) a notice shall have been issued to convene a meeting for the purpose of passing a resolution to wind up that Party, or such a resolution shall have been passed other than a resolution for the solvent reconstruction or reorganization of that Party ; or ( e ) a resolution shall have been passed by that Party or that Party 's directors to make an application for an administration order or to appoint an administrator