definiens: relating to either Party shall mean : ( a ) the appointment of a liquidator, receiver, administrator, examiner, trustee or similar officer over either Party or over all or a substantial part of its assets under the law of any applicable jurisdiction, including without limit, the United States of America ; or ( b ) an application or petition for bankruptcy, corporate re - organization, composition, administration, examination, arrangement or any other procedure similar to any of the foregoing under the law of any applicable jurisdiction, including without limitation, the United States Doc # : NYl234 : 4325332.2 29 of America, is filed, and is not discharged within thirty ( 30 ) days, or if either Party applies for or consents to the appointment of a receiver, administrator, examiner or similar officer over it or over all or a material part of its assets, rights or revenues or the assets and/or the business of either Party are for any reason seized, confiscated or condemned