definiens: shall mean with respect to a party, any of the following events : ( i ) such Party files a voluntary petition for relief under Title 11 of the United States Code ( t he ) ; or ( ii ) there is filed against such Party an involuntary or ancillary petition for relief under the Bankruptcy Code, and either ( x ) such petition is not dismissed within sixty ( 60)days after its filing or ( y ) an order for relief is e ntered against such Party in such petition ; ( iii ) an action or proceeding is filed with regard to such Party in any court or with any agency in each case having jurisdiction thereof under any statute or regulation ( other than the Bankruptcy Code ) of any st ate or country, which is a petition in bankruptcy or insolvency or for the general reorganization of the Party ’s financial affairs ; or for the appointment of a receiver or trustee over such Party or its assets, and, in the case of a filing against such Party, the action or proceeding is not stayed or dismissed within sixty ( 60 ) days after the filing thereof, or ( iv ) such Party files for dissolution or adopts a plan of liquidation, or ( v ) such Party makes a general assignment for the benefit of creditors